You worked hard. You took all the schooling your job required on your own time. You bought a smaller house and a cheaper car. You signed up for every savings plan at work. You didn’t buy the latest electronic gadget. You skipped the fillet mignon for kidney pie. For vacation, you made a road trip instead of flying to Europe.
You thought that you had it made. Your savings and retirement added up to more money than you ever thought that you’d have. Social Security? Hey, if you are rich, it’s OK if they cut yours and give it to the poor people.
Then the Democrats destroyed the economy.
(I can send you the links if you want. And, yes, the Republicans were a party to it. Whenever you compromise with evil in the name of bipartisanship, you are complicit in that evil.)
You even moved to Texas where the Republican Party is (more or less) financially responsible. But, you just can’t escape the insanity of the Blue States.
One of the big factors in the financial collapse of Blue States from California to Massachusetts is public employee pensions. In order to buy the support of organized labor, the Dems gave out really extravagant pension benefits. They didn’t care about the long-term effects. As their patron economist, John Maynard Keynes famously said “In the long run, we are all dead”. I.e. don’t worry, be happy because someone else will have to pay those debts.
Now those plans are bankrupt.
“By his calculations, which assume the 8 per cent return, Illinois would run out by 2018 followed by Connecticut, New Jersey and Indiana in 2019. Some 20 states will have run out by 2025.”
Guess what Bunkie? That 8% return they are talking about is a pipe dream because it will only happen if the economy takes off again. So, there is already talk of taking your money away from you in Federal taxes to bail out those d—n fools! And who is the fool? They have the power and now they are taking your money for their mistakes. An estimated $1 to $3 TRILLION
Read it and weep!
Steamboat Jack (my evil twin)
PS John Maynard Keynes was reported to be gay. As such, he wouldn’t have been concerned with the future of his children. The Dems don’t seem to have any concern about the future of your children either.