9/1/10

Was it justifiable for the baby boom and their elders, to promise themselves tens of trillions of unfunded benefits, like Social Security, Medicare and Medicaid, for future generations to pay for?

Why would some of one generation


want to covertly confiscate another’s wealth?


 


It is grossly irresponsible for the baby boom generation


 to expect Generations X and Y


 to be saddled with our national debt,


 our trade debt, and our infrastructure debt,


and the retirement debt created by baby boomers


enjoying long retirements supported by future tax increases


on their children.


 


Rob Atkinson


The Atlantic


If workers earn, pay taxes, spend, save and invest,


while retirees divest, downsize, budget


and draw income and healthcare benefits, 


what’s going to happen when more retirees want


what fewer workers may not be able to deliver?


 


Are Baby Boomers going to get more or less than they think


if the supply of what they want to sell exceeds demand,


as they exchange assets for needed goods and services


at relatively the same time?


 


Loss is nothing else but change,


 and change is Nature's delight.


 


Marcus Aurelius Antoninus Augustus


Roman Emperor

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