This generational Ponzi scheme, like all Ponzi schemes, will work only as long as enough new suckers can be found to “invest” so that the older “investors” can cash out. The Greatest Generation kicked off the con with Social Security and added Medicare, but they understood the game. They made a lot of babies – the Boomers – so it is/was relatively easy for us to pay off their benefits. We Boomers expanded Medicare and added prescription benefits, but we’ve barely made enough Gen-X babies to pay for it. Still, thanks to the Millennials, it looks like we may squeak through and get most of our payoff. The Milliennials can take credit for piling on the additional Obamacare benefits, as they are the ones that elected him. But they are just not making enough babies to have any hope of securing their entitlements from the next generation. Suckers.
Archive for July, 2012
He told Romney that the Freshman Senator was ready to take the top spot recently. From the Miami Herald: Former Florida Gov. Jeb Bush thinks Sen. Marco Rubio is ready to be vice president and he shared those thoughts with presumptive Republican nominee Mitt Romney, he said Wednesday. Bush said he has been a huge […]
The CBO confirms what they’ve already said in the past. However, the SCOTUS ruling has the potential to hurt folks in the red and purple states. This from The New Republic: The Congressional Budget Office just published a newly updated estimate of the Affordable Care Act and its impact on the budget. The estimate largely […]
More precisely, Romney and the RNC pulled in $106M. Obama and the DNC pulled in $71M. So a huge money gap there and just one more indicator that it’s set to be a tough election cycle. From Buzzfeed: Earlier today the Romney campaign announced its $106 million haul, split with the Romney Victory joint fundraising […]