Tuesday, May 12, 2009

I Didn’t Realize That the AP Was a Republican Shill

But I’m certain that many on the left will see it as so:

[In 2037], the annual Social Security taxes collected would be enough to pay for three-fourths of current benefits through 2083. To tap the trust fund, the government would have to increase borrowing or raise taxes because Social Security bonds exist only as bookkeeping entries. (emphasis added)

The government is running out of free money by way of borrowing.  At some point it is going to become quite costly to borrow more (if it is even possible).  What happens then?

The day that the lie that SS & Medicare pay for themselves is coming closer and the left is going to be apoplectic trying to figure out how to blame everyone but government failure on the problem.

So government can’t run the budget that it has.  It can’t run the health program that it has.  It is spending money like a drunk sailor on a 12-day meth binge.  And it wants to continue to do more of the same while telling everyone that will listen that they can make everything better while only making those evil rich people pay.

The reckoning is coming, I don’t think it will be pretty for any of us.

1 comment:

  1. The lesson here is that it's up to you to make enough money to be very comfortable. If you let government of anybody else determine your financial future
    than you are at their mercy.

    Some people feel that it's not fair that you've invested in these program and now you don't reap the returns. We've all made hundreds of bad investments in one way, shape or form but we ultimately move on from them.

    If you have a job, don't get another job. Invest. Start a small business. Open up multiple streams of income and acquire your own wealth so that you don't
    have to rely on government.