Our government's deficit spending and attempt to provide nice health benefits, nice retirement benefits, paying people not to work, all of it -- seems to me to be one of the most immoral actions a government can perpetrate on its future generations.
In a sense, this is another example of how our government, which is designed to be limited in power and scope, is incompetent at running big collectivist programs, including inter-generational wealth transfer arrangements, like pensions, Social Security and Medicare. They mismanaged those programs, and are taking the country towards bankruptcy.
Younger generations will suffer, but I think older folks are the ones who will pay the highest price. Baby boomers spent their lives paying for Medicare and the SS - based on the government's promise that when they'll be old, the younger generation will be forced to pay to support them. But it looks like times are coming when younger people will have difficulties even to support themselves.
In case of an economic blowout, young people will suffer - but at least, they'll still have the time and energy to start from the beginning. Older folks, otoh, will find themselves impoverished and hopelessly screwed. All courtesy of well meaning political schemers. |
