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DC Earthquake : Breaking News!
Message
From
14/09/2011 16:50:35
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
 
 
To
13/09/2011 05:52:09
General information
Forum:
Humor
Category:
Politics
Miscellaneous
Thread ID:
01521709
Message ID:
01523544
Views:
58
Srdjan, LOL.

The problem is that everybody agrees that belts need to be tightened, but some people always want it to be somebody else's belt, even if that person hasn't had a meal today. Tightening our own belts to contribute reasonably towards all the services we expect, including Medicare, apparently is an injustice. As a result, the unfunded Medicare liability balloons to $45T which probably can't be funded even from new taxation, especially now that unemployment is becoming the norm for so much of society. To try to prop up Medicare and its ilk, part of the burden must fall on current and imminent recipients... many of whom simply don't have the $. Even those who say "let them eat cake" to the poor will hesitate before telling millions of grandmas to fend for themselves. But in the end "somebody" has to pay and the Ponzi scheme run by politicians for decades to satisfy the electorate, has reached its inevitable conclusion. There really are no more Peters to pay Paul in such a stagnant economy that is swimming in debt. Sadly the electorate seems more excited by attacks on their political opponents (and the idea of tax cuts for themselves) rather than the economic elephant in the room.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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