From the article, "[But] for how long will we continue to sacrifice
investments in our nation's children and youth ... to spend more and more
on the aged?"If we leave the system as it is, with annual
increases in benefits 3-4 times the inflation level, it is truly those 0-50 who
will take the hit, paying in and never getting a dime out.Like the
housing and stock market of 2007, the programs for the aged are bloated and
living in a bubble. The correction has to be made, either sensibly by careful
choices, or by crash.
Trust the government? Do any of you know what happened to the S.S. trust (no pun
intended) fund? Hint: LBJ(D) confiscated it and wasted it on his failed
"great society" program and left an "IOU" note. Trust the
government? I trust the government to break its promises; Always have, always
will! Don't believe it? Ask native Americans about how the government kept
its promises! In God we should trust, not the government!
"Liberals drive this process by treating Social Security and Medicare as
sacrosanct."No... what people are getting tired of is they live
their lives with an expectation that promises will be kept. My parents, who
both paid into the system 40 and 50 years, that supported multiple previous
generations, resent that the current generation feels no responsibility to do
for them, what they did for others.Like this article says, yes,
spending is winding down. What it fails to mention is that tax levels are also
dramatically down. It mentions 1940 military spending, but doesn't
mention what the federal income tax rate was at the time for the top income
earners. You can't have an honest discussion about spending, unless you
have an honest discussion about income. The two are linked.What I
resent is that men, who already have their retirement secured, are now changing
the rules on people like myself, who are only a few years away from eligibility.
Trust that companies, governments, or individuals will keep their promises, is
what is hanging by a thread. There is no longer loyalty by employers to their
employees, and the reverse is now equally true.This is about trust.