You have to give Jeb Hensarling Republican from Texas some credit, he almost levels with the american people. Do the math.78.2 million Baby Boomers,
There are only 304 Million people in the United states.
You can't have 1/3rd of the population drawing Social Security and Medicare.
You may only have 1/3rd or 1/2 of the population as wage earners when the Boomers Retire.
That is 2 people or less paying the Entitlement benefit for Every Retired person.
That is Wage Earners Paying Their Insurance 12Grand, Then a Babyboomers Insurance Roughly 20-30 Grand(old people are more expensive to insure!), and on top of that... Social Security Some Odd $1000.
WHEN THE BOOMERS RETIRE, it will be EACH WORKING ADULT PAYING some $20,000-$30,000 Grand Before you even get to Keep any money. To maintian current lifestyles, it will require you to make on average, some where around $150,000 per family. That will be Just to Maintain the median lifestyle.
I know that the Shrill Mathews is calling a Spade a Spade with Jeb Hensarling, But this is what Hensarling is saying!
"THE SYSTEM IS COLLAPSING UNDER THE WEIGHT OF THE BABY BOOMERS! and by Boomers, they mean BOOM!!!!"
But what the Politicians know and refuse to say is this same thing. But hopefully they will be out of town with the Loot, before it all Collapses. So what Henserling is saying... which he Flubs... IS TRUE, but he shudders because he wants to say it a Nice way.
SOCIAL SECURITY MUST BE CUT! And MEDICARE! It was Gone 20 years ago, and few of the politicians will man up and tell you!
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OUR COUNTRY WILL GO NOWHERE UNTIL POLITICIANS MAN UP AND ADMIT THIS TO YOU!... THEY HAVE TO STOP LYING!
Nah, just relax the immigration laws to the gobs of young workers who want to come to the US--- instant demographic solution. We can kick that can down the road for another 40 years, and after that I don't give a shit.
ReplyDeleteHensarling is an asshole. He voted for the Medicare Part D boondoggle : http://clerk.house.gov/evs/2003/roll332.xml
Now he blames others for "entitlements out of control". Please.
BTW, for you cigar smokers: http://clerk.house.gov/evs/2003/roll332.xml
for you cigar smokers (the last link was wrong):
ReplyDeletehttp://www.economist.com/daily/chartgallery/displaystory.cfm?story_id=15581140&fsrc=twitter&sa_campaign=twitter/dailychart