If you read the Los Angeles Times recently you might have read an article titled \u00e2\u20ac\u0153Deficit hawks\u00e2\u20ac\u2122 \u00e2\u20ac\u02dcgenerational theft\u00e2\u20ac\u2122 argument is a sham \u00e2\u20ac\u0153 and states an interesting opinion that is reproduced, in part here in the following two paragraphs. <\/p>\n
\u00e2\u20ac\u0153The \u00e2\u20ac\u0153generational theft\u00e2\u20ac\u009d argument is a sham. It\u00e2\u20ac\u2122s an attempt to get around the fact, so distasteful to the enemies of government social programs, that Social Security and Medicare are hugely popular. As Marmor observes, if you can\u00e2\u20ac\u2122t put across the case that these programs are undesirable, \u00e2\u20ac\u0153you have to make them look uncontrollable, ungovernable, and therefore unaffordable.\u00e2\u20ac\u009d<\/p>\n
The argument has been tried out on several generations in the past, and they\u00e2\u20ac\u2122ve seen through it. Today\u00e2\u20ac\u2122s generation should see through it too.\u00e2\u20ac\u009d<\/p>\n
Hmm, the last time I checked my Social Security statement I got in the mail it opened with the line \u00e2\u20ac\u0153…Social Security is an inter-generational agreement…\u00e2\u20ac\u009d That is because the money that my generation has paid into the program has been has already been spent on the generation drawing on Social Security now. It echoes a pattern of theft that has been repeated since the beginning of Social Security. <\/p>\n
Originally the Social Security program was described as a \u00e2\u20ac\u0153locked-box\u00e2\u20ac\u009d. The term locked-box was used to assure tax payers that the money put into the locked-box could not be used except for the one who paid it. There was only one problem, the fox had given himself the key to the locked-box hen house. This would be the same locked-box that thieving politicians could not keep their hands off of before my time and forewarns us of the future thieving politicians who will be unable to restrain themselves to leave other peoples money alone.<\/p>\n
Where is Davy Crockett when you need him! He is quoted as saying \u00e2\u20ac\u0153We have the right as individuals to give away as much of our own money as we please in charity; but as members of Congress we have no right to appropriate a dollar of the public money.\u00e2\u20ac\u009d<\/p>\n
\u00e2\u20ac\u0153… uncontrollable, ungovernable, and therefore unaffordable.\u00e2\u20ac\u009d Well, yes, it would seem that Desmond Tutu was right, \u00e2\u20ac\u0153The price of freedom is eternal vigilance.\u00e2\u20ac\u009d That would be freedom from things like thieving politicians and generational theft.<\/p>\n","protected":false},"excerpt":{"rendered":"
If you read the Los Angeles Times recently you might have read an article titled \u00e2\u20ac\u0153Deficit hawks\u00e2\u20ac\u2122 \u00e2\u20ac\u02dcgenerational theft\u00e2\u20ac\u2122 argument is […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[27,249,1307],"class_list":["post-13488","post","type-post","status-publish","format-standard","hentry","category-blog","tag-american-economy","tag-money","tag-generational-theft"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/13488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=13488"}],"version-history":[{"count":3,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/13488\/revisions"}],"predecessor-version":[{"id":13499,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/13488\/revisions\/13499"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=13488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=13488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=13488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}