Stealing is Wrong

Stealing is wrong; thieves go to jail for it. We condemn the schoolyard bully who beats up smaller kids for lunch money. Now let us look in the mirror and observe the protagonist in the greatest case if intergenerational theft in history. We baby boomers and our parents – the greatest generation – have stolen trillions from those yet unborn. Most of us will be long gone before our victims are old enough to recognize what we have done and confront us. It is the epitome of cowardice to rob the entire future from later generations and then use our deaths to escape responsibility.

A combination of unfunded entitlement programs, misguided subsidies to unsound businesses and discredited Keynesian economic deficit spending have created a disastrous level of debt.  If you have children, grandchildren, nieces or nephews you sincerely care about, you will be interested to learn the following facts:

If we were to add up the total unfunded liabilities of present “entitlement” programs (Social Security, Medicare, and Medicaid) and add the current national debt as of today, we would get a general figure of $117 TRILLION DOLLARS which our government has promised to pay and has no visible means of support to do so. A $100 bill is 4/1000 of an inch thick. A stack one inch high amounts to $25,000. One foot would be $300,000. One mile would be One Billion, Five Hundred and Eighty Four Million Dollars. $117 TRILLION adds up to a stack of $100 bills 73,863 MILES HIGH. That is three times around the earth, or 336 stacks that would reach the International Space Station! On an individual basis, that works out to only a little over 15 inches par person alive in the US today. Each and every newborn enters this world with about $396,000 in accumulated debt and incurred liabilities. Do you think your little loved ones and their generational fellow travelers will earn enough to pay that off? Apparently Congress and Presidents over the past 75 years have assumed so.

Who EXACTLY is ever going to pay for this irresponsible fiscal lunacy? Well, let’s let the kids pay it off for the rest their lives long after we who spent the dough are gone. They won’t ever be able to remove our dead hands from their pocketbooks. Our children and grandchildren will be condemned to lives of serfdom.  We will be remembered as the ones who crippled our nation with debt, spent the dreams of our children, and sold them into financial servitude.

If you have young ones that you love as I do, and you have one scintilla of self respect and common decency, you will help reverse this disastrous course before it consumes our nation and its people. How do we begin? First we must realize that in nearly all cases, “something for nothing” from the government is just flat wrong. Second, we must elect representatives who will covert the Ponzi scheme nature of entitlement programs into self funded, sustainable entities – exactly as promised when they were first introduced. Third, stop subsidizing utopian failures like ethanol, wind farms, flood insurance, and light rail. Lastly, let’s dump Keynesian economics into the ash heap of history where it has belonged since its failure in the 1930s.

According to Albert Einstein, insanity is doing the same thing over and over and expecting different results. Rebooting the New Deal, subsidizing failure, taxing success, and exposing the general fund to liabilities of poorly planned entitlement programs is folly. We owe our descendants a huge course correction before their lives are ruined by our greed and foolishness.


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