Doug Ross from Director Blue has a public service announcement for young people. Even if they are able to find jobs, they can look forward to paying a large chunk of their income to the government for retirement programs, Social Security and Medicare, that will be bankrupt by the time they are ready to retire.
Ever seen these numbers on your pay stub? The numbers I’ve highlighted?
That money is being taken from you – or, more properly, it’s being stolen from you — to fund a myth. A mirage.
You’re never going to see a dime of that “Social Security Retirement Insurance” you’re paying for.
You’ll never a see a nickel of that “Medicare Health Care Insurance” either.
That money is being taken from your pay — your livelihood — to fund a system that will be bankrupt in less than a dozen years.
Oh, and it’s not me saying that: Medicare’s own actuary, Richard Foster, is. Social Security is in a similar situation, according to Treasury Secretary Timothy F. Geithner, who serves as the system’s senior trustee.
Suffice it to say that these systems will actually go broke far sooner than anyone’s really admitting because the economy remains poor and appears to be slowing down even further.
My public service message is this: this money is being taken from your pay in exchange for a promise that will be broken in just a few years. You’ll never see that money again. And it is the government – the government, not “the rich”, not the Koch brothers, not the oil companies — that is ripping you off.
It is the government, not corporations, spending untold billions on “green energy” scams like Solyndra. It is the government, not “the rich”, slathering EBT-welfare cards around like confetti. And it is the government, not “the Tea Party”, that is promoting illegal immigration and offering huge financial benefits to those in the country illegally. All with your money.
Medicare is the one that is really in trouble, as Forbes magazine explains:
The Trustees of the Medicare program have released their annual report on the solvency of the program. They calculate that the program is “expected to remain solvent until 2024, the same as last year’s estimate.” But what that headline obfuscates is that Obamacare’s tax increases and spending cuts are counted towards the program’s alleged “deficit-neutrality,” Medicare is to go bankrupt in 2016. And if you listen to Medicare’s own actuary, Richard Foster, the program’s bankruptcy could come even sooner than that.
See, the funny, funny thing about young people is that they are almost complete uninformed about basic economics. They don’t know where jobs come from. They don’t know where the money that the government spends come from. They don’t know how much the government spends. They don’t know about our debt-to-gdp ratio. Their view of economics is all determined by socialist public schools and socialist Hollywood and socialist mainstream media. It’s all emotional for them. They have feelings that the rich are greedy, and must be taxed, and that the government is Santa Claus, helping the poor with money from the rich. It’s the ultimate system of slavery, except the slaves want to be enslaved.