Future generations will pay for our trillion-dollar folly

Discussion in 'Politics' started by beretta304, Dec 4, 2012.

  1. beretta304
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    beretta304 BANNED

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    Is there any reason for today's Americans to care about what happens to tomorrow's Americans? After all, what have tomorrow's Americans done for today's Americans? Moreover, since tomorrow's Americans don't vote, we can dump on them with impunity. That's a vision that describes the actual behavior of today's Americans.

    The federal government gets by without having to provide transparent and honest financial statements. The U.S. Treasury’s “balance sheet” does list liabilities such as public debt, but it does not include the massive unfunded liabilities of Social Security, Medicare and other federal future obligations. A conservative estimate of Washington’s unfunded liabilities for the year ending in 2011 is $87 trillion. That’s more than 500 percent of our 2011 GDP of $15 trillion.

    America has 400 billionaires with a combined net worth of $1.3 trillion. If Congress fleeced them of their assets, stocks, bonds, yachts, airplanes, mansions and jewelry, it would get us to at least late fall.



    The fact of the matter is there are not enough rich people to come anywhere close to satisfying Congress’ voracious spending appetite. The true tragedy for our future is that there are millions of uninformed Americans who will buy the political demagoguery and treachery that our problems can be solved by taxing the rich.


    Future generations will pay for our trillions - Conservative News
     
    Last edited: Dec 4, 2012
  2. WillowTree
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    WillowTree Diamond Member

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    dick tater and his minions care not a whit for "future generations"
     
  3. occupied
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    occupied Gold Member

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    If you buy all that you should probably ask what thirty years of kissing up to them and giving them a free pass on so many damaging economic practices has cost and especially you should ask if they deserve more?
     
  4. Politico
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    Politico Gold Member

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    Cool I'll be dead. Have fun with that.
     
  5. Claudette
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    Claudette Gold Member

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    Way cool because I'll be gone as well. Hope they have fun with the new America.
     
  6. G.T.
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    G.T. Diamond Member

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    Are you on welfare or something?

    The debt hasn't gone down in 60+ years. Did the people who accumulated the debt 60+ years ago ruin your life, somehow?It's the real life wizard of oz.
     
  7. tjvh
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    tjvh Senior Member

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    It's OK... Our future generations will have more money because of cost of living increases. :lol: Yes... I was only joking.
     
  8. tjvh
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    tjvh Senior Member

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    Yup... Why should we lower our standard of living when we can just pass the expense on to future generations... Sounds like a great deal... For us.
     
  9. NoTeaPartyPleez
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    NoTeaPartyPleez Gold Member

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    The far-right wingnuts think American history started in 2009. January 2009 to be exact. Where was their whining from 1980-88? From 2000-2008? Did they just roll over and pee all over themselves when Henry Paulson decided the big banks were too big to fail?
     
  10. G.T.
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    G.T. Diamond Member

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    The silly part of your post is that we're not the first generation to do so, and it didn't have much of an effect on us, to be left with the Nat'l Debt.

    My life in fact has taken the path of Government irrelevance, for the most part. Nothing the Gov't has done has hindered my successes. That's anecdotal.
     

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