Showing posts with label Unfunded Liability. Show all posts
Showing posts with label Unfunded Liability. Show all posts

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

3/17/09

Paulson, Buffet and Geithner




Click on bold faced type for story links


Why, on September 23, 2008


would Warren Buffet invest in a company


whose former CEO made millions enabling the real estate bubble


and after becoming Treasury Secretary


saved a company with financial ties to his prior employer


on September 16th


while allowing a former competitor to fail on September 14th


and who proposed


 


entering into contracts…


without regard to any other provision of law…


designating financial institutions


as financial agents of the Government…


subject to supervision by the Secretary


whose decisions


 


are non-reviewable…


and may not be reviewed by any court of law


 or any administrative agency


with $700 billion of taxpayer money?


 


We've Been Had


Marketwatch, March 17, 2009


 If Geithner figured it out, when?



 


It all appears, once again


to be the same insiders protecting themselves


against sharing the pain and risk of their own bad adventure


 


Elliot Spitzer


Slate, March 17, 2009

Paulson, Buffet and Geithner




Click on bold faced type for story links


Why, on September 23, 2008


would Warren Buffet invest in a company


whose former CEO made millions enabling the real estate bubble


and after becoming Treasury Secretary


saved a company with financial ties to his prior employer


on September 16th


while allowing a former competitor to fail on September 14th


and who proposed


 


entering into contracts…


without regard to any other provision of law…


designating financial institutions


as financial agents of the Government…


subject to supervision by the Secretary


whose decisions


 


are non-reviewable…


and may not be reviewed by any court of law


 or any administrative agency


with $700 billion of taxpayer money?


 


We've Been Had


Marketwatch, March 17, 2009


 If Geithner figured it out, when?



 


It all appears, once again


to be the same insiders protecting themselves


against sharing the pain and risk of their own bad adventure


 


Elliot Spitzer


Slate, March 17, 2009