Conservatives have warned of this for over thirty years.
We each need to spend $116.00 a month more for the next 30 years to pay off the DNC vote buys.
If the debt was paid off tomorrow morning congress would put us back into debt tomorrow afternoon. The only way they’ll ever stop spending is when they no longer exist. And that will be some scary times of survival of the fittest.
Wonder why people didn’t bring up these stats during the WI debates.
On the one hand... people were promised these pensions. That was when the economy was booming. I’d be angry too.
On the other hand... the pension system is simply not sustainable. Many of us in the private sector are very worried about our pensions and retirement. Doesn’t seem fair to us either.
Especially, if it means that we can’t afford a “pension” because we are paying for public sector employee’s pensions and commitments.
It’s even worse because not all households contribute, many are already net tax users and that will probably get worse over time since the baby boomer demographic is now beginning to retire.