Thursday, February 16, 2012

The 535

The problem is obvious, yet no one wants to talk about it.


  1. If you are talking about freedom and empowerment, how about freedom and empowerment for younger people? Is it "fair" that on current trends younger workers will be paying increasingly higher taxes to support massive transfer payments. Is it fair that increasingly large transfer payments from younger workers to older retirees is occurring, and is this trend truly driving economic growth and innovation?

  2. You're preaching to the choir. Some people call the current fiscal policies in Washington "child abuse" because of all the debt being dumped on young folks and those not even born yet. Money needs to be taken out of the hands of politicians to prevent further abuse. Social Security is a great place to start by creating individual accounts owned directly by contributors that the government isn't allowed to tap to support their spending addiction.

    Of course, the irony of the whole situation is that most young people will vote the serial "child abusers" right back into office. Most of them don't even understand how they are being abused.

  3. I loved the reference to 'Cowboy Poetry'.

    My son actually talks about going in to politics, he is so idealistic! If he acts quick enough, maybe I can get him to let me keep my light bulbs?

    That video raises some really good points. However, it is just so much easier to hate the rich and have them bail out the country than to hate the government, who will 'take care of' you.

    1. I wish your son good luck. I never had the stomach for politics myself. These days about 70% of the federal budget is entitlements (I hate that name because it is so deceptive). They are really wealth transfers from one group to another (typically younger people to older people) so that big brother can buy your loyalty and support. It just becomes a self-reinforcing cycle where the transfers get bigger and bigger and more ridiculous.

  4. I don't have the stomach for politics either. As he gets more involved, he may change his mind. He volunteered at the local 'republican' office this past summer and I think things were a little different that he expected. We shall see.

    Money sure does get shuffled, and it changes with each administration. Just gets moved to different places, as you said.

  5. Not much for politics either, but always love to listen to people's opinions!