Monday, September 1, 2014

Generation Gimmie

April 20, 2012 by  
Filed under Constitution, Educational

“As human beings we are not really responsible for our own acts, and so we need government to control those who don’t care about others.” - Valencia College student.

Hat tip: Pat Wayman

Comments

3 Responses to “Generation Gimmie”
  1. Before we point fingers let’s look at who is the give me generation and let’s let reality slap us in the face. Perhaps the young people in our nation wants something for nothing but have no fear because they will get nothing simply because there is nothing to give them. We already spent it all and then some.

    I paid for 43 years into my Social Security account but many did not and still receive it. What I get from it is not an entitlement but a reimbursement; they are just giving me back what I put into it plus the earnings. As far as Medicare and Medicaid let’s see who really is the unproductive give me generation that is getting something for nothing at the expense of the younger generations that will get nothing out of it.

    “Unfunded obligations excluded
    The U.S. government is obligated under current law to mandatory payments for programs such as Medicare, Medicaid and Social Security. The GAO projects that payouts for these programs will significantly exceed tax revenues over the next 75 years. The Medicare Part A (hospital insurance) payouts already exceed program tax revenues, and social security payouts exceeded payroll taxes in fiscal 2010. These deficits require funding from other tax sources or borrowing.
    The present value of these deficits or unfunded obligations is an estimated $45.8 trillion. This is the amount that would have to be set aside during 2009 so that the principal and interest would pay for the unfunded obligations through 2084. Approximately $7.7 trillion relates to Social Security, while $38.2 trillion relates to Medicare and Medicaid. In other words, health care programs will require nearly five times the level of funding than Social Security. Adding this to the national debt and other federal obligations would bring total obligations to nearly $62 trillion. However, these unfunded obligations are not counted in the national debt.”

    http://en.wikipedia.org/wiki/United_States_public_debt#Unfunded_obligations_excluded

    Nope, after reading the above it does not sound to me that it is the young people who have been receiving those bankrupted benefits that will never be paid anyway.

  2. The above is the reason why so many here want to maintain the status quo while pretending that they want change. It is a racket and as long as they provide them with entitlements and give away money they will continue to vote for them.

    It is Ron Paul who wants to stop this which is why many will not even consider voting for him in spite that he is the only supporter of our Constitution and Liberty. We can choose Ron Paul or we can sale our votes to the highest bidder although in reality they have much to promise and little to offer as we are a bankrupted nation. As for me, take all of you money, leave me alone and give me liberty.

  3. David Martin says:

    C’mon kids, follow me down the rabbit hole of mediocrity and lack of achievement! Let the Asians and the re-emerging capitalists in Europe take economic dominance away from our country, as they ARE doing. Who cares as long as we all get some government cheese paid for by those “evil rich” people! Damn them anyway for working their butts off to become successful! Who do they think they are anyway? Let’s re-elect Obama because he says he’s gonna give us MORE free cheese! He PROMISED!

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!