Posted on 11/04/2009 1:59:25 PM PST by 2ndDivisionVet
All young Americans need to wake up and pay attention. You are being sold out by the federal government. Your future will be bleak indeed if you do not heed my warning. You are being sold down the river on so many fronts that I cannot list them all in this short article, but I will attempt to give you a small glimpse of what your future holds if you do not stand up. You need to get informed NOW. You need to speak up and let your voices be heard....or become a working slave to support the federal addiction to spending your earnings.
Right now social security and medicare are broke. The country is bankrupt. The government led people to believe for years that there was money set aside for social security. It was never set aside. It was always a lie. There was never a fund for social security nor is there one for medicare or medicaide.
These entitlement payments are paid each month from the money that is withheld from your paycheck. It is, and always has been, a giant ponzi scheme. In the early years it worked because the baby boomer generation was a larger part of the population than the elderly who were drawing on the programs. They were young and working, so there were lots of withholdings with which to pay.
All these millions of baby boomers are starting to retire. There are far far fewer young people to take the money from. It is an upside down pyramid. That means that to support these programs the government will have to do one or all of three things. They will have to increase what you have to pay by untold amounts, tax you more, and either print or borrow more money from China to pay the bill.
If they print the money the value of the dollar goes down and prices go up. Your cost of living will increase. If they borrow it, the debt goes up, and your taxes will have to go up to repay the debt. The burden on the young will be unbearable. The interest alone on the debt will break you.
Now they want to pass health care reform. They plan to REQUIRE you to buy health insurance or pay a $1000.00 fine. If you buy it, it is estimated to cost you 10 to 12% of your income to start with. The problem is that you will end up in a government program much like medicare. You will have worse health care and most likley rationed at that. The REASON they are trying to force you to buy it is they know you don't need it. They want your money to help them offset the cost of providing the care for the elderly who are on medicare.
What I am telling you is that they are going to come after you from so many directions that it will literally cripple you financially. If you think times are tough now, let this health care reform bill pass. It will ruin you financially and will be used to control your very life because it will be used to control everything you eat, drink, buy, and even how you have to live. Some of your elders are fighting to save you from this, but we need your voice and your help. Do not sleep through this class or you will pay dearly. Daydream at your peril.
This from one fighter who would like to see you enjoy a future and freedom. You need to go to this site and read it all....this is a wake up call guys. http://www.americanvote.info
Bump for printing for my kids...
So, have you seen the last Dancing With The Stars?
(/sarc barely off)
I was busy watching the Rush-less Rams and AmeriKKKan Idle...
They will join African Americans,who have been slaves to the federal government for years as well. Too bad most don’t realize it (Star Parker had a fabulous article about this very thing).
That’s a good point.
However, having more children to ease the burden doesn’t justify us stealing from them. Our children will curse us tomorrow for what we’re doing to them today.
Ironic.
First President (white) from Illinois frees the slaves.
Second President (black - ok 50%) from Illinois makes slaves out of all of us through debt and big government.
Hell, next we’ll be seeing dems and Obama push for laws that conservatives only count for 3/5 of a person.
And how are we conservatives going to explain that it was not us that did this? Maybe we are to some degree by puting faith in the RINOs over and over hopeing for another outcome.
ping
Here, you get an overview of the looming bankruptcy of the Social Security/Medicare system. Politically, they are one program, which Congress is unwilling to challenge.
The unfunded liability of the two programs is now about $83 trillion. See Table 2. (Print this out to view Table 2 horizontally. To make it fit on a standard computer screen, it’s vertical here.)
To pay for Social Security and Medicare, the government would have to raise income taxes by 81%.
Today, the combined programs of Social Security, Medicare, and Medicaid consume almost 50% of the U.S. government’s budget. For a report on this, click here.
http://garynorth.com/public/department30.cfm
Yet they did FORCE us to pay into the system and one would like to get back the money they paid in that is something to think about. For example to date my husband has been forced to pay in for 40 years and myself I paid in for 39 years.
Guys, why don’t you do us all a favour and just cut off the entitlement program?
We young people can try our best, but we can’t do this alone.
As for me, I’m not paying anything into SS, and I don’t expect to get a penny out. The only way to end this program is to starve the beast.
I think they should cut it out but I also think they should pay back what they stole from us that is only fair.
And the fact that NO ONE, to my knowledge NOT A SINGLE STINKING RAT OR REPUBLICRAT, is saying anything about the Ponzi Scheme that is the Social Security system is the most infuriating thing. The basic formula A=P(1+r/n)^nt, where A= amount, P= investment principle, r= interest rate, and t= time of investment, or the compounded interest formula, is at the heart of all investment programs upon which retirement programs are based, so where`s the principle? A pile of IOUs are a poor substitute for REAL funds.
To be sure this is nitpicking, but darn it, a writer who has problems with the English language always bothers me.
In this case, the writer neglects (more than once) to capitalize Social Security and Medicare. Also, he should know that Ponzi is the name of a person and when it is applied to scheme it is written “Ponzi scheme.”
Sorry, but these elementary errors make me lose confidence in the source.
Well heck, I dunno! :-)
Best I can do is try not to benefit from the theft. Somebody hands me a fistful of cash they stole from my kids? I call up my kids and tell ‘em to swing by and pick up their money.
My parents steal from me every payday for their retirement and medical care. But I don’t plan to steal from my kids. Time to break the cycle of theft!
My parents used to tell me, if I wanted to buy something, I had to save up my allowance. “If you can’t pay for it, you can’t afford it.” Nowadays, if we can’t afford it, we steal from the next generation to buy it.
Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.
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