Levin- Progressives have betrayed their children

Debt per worker“This book is, against heavy odds, an appeal to reason and audacity. It is intended for all Americans but particularly for the rising generation, which is the primary, albeit not singular, target and casualty of the federal Leviathan’s improprieties. It is an appeal to younger people to find the personal strength and will to break through the cycle of statist propaganda and manipulation, unrelenting emotional overtures, and the pressure of groupthink, which are humbling, dispiriting, and absorbing them; to stand up as individuals and collectively against the strong hand of centralized government, which if left unabated will assuredly condemn them to economic and societal calamity” — page 182

The above passage is from a review of Mark Levin’s new book- “Plunder and Deceit: Big Government’s Exploitation of Young People and the Future” and here is what a millennial writes about it.

“Levin argues that the ruling generation (our parents and grandparents) have supported politicians that have engaged in reckless government policies that are bankrupting the future of the rising generation (which is us millennials, and frankly the term “rising generation” is much better than the term “millennial”) in ten precise and concise chapters with a barrage of facts and statistics.

… perhaps the most troubling future facing us is the debt. The $18 trillion debt that we constantly hear about in the news is actually massively understating the problem. Levin cites Boston University economist Laurence Kotlikoff stating that the debt is actually $210 trillion total when the unfunded liabilities of entitlements like Social Security and Medicare are accounted for. Try wrapping your head around it. There is simply not enough money on the planet to begin paying that off.

So what does that mean for us? Levin writes that the debt creates the effect of crowding out private sector investment, and also means higher taxes, interest rates and less job growth. After all, all Social Security is expected to be insolvent by 2033, and Medicare even earlier than that. And then one day, the debt will cause a financial collapse if left unaddressed.

And to top it, Levin cites Bureau of Labor Statistics numbers that show that the labor participation rate will drop from 76.4 percent in 2002 to 67.3 percent by 2022 for the age 20-24 age group.

That’s the future for us in the rising generation- after going through the high cost of going to college and burdened with student loan debt, we face a scant job market and where we work to pay off the debts bequeathed to us by an out-of-control federal government.

To the ruling generation: how could you do this to us? If you truly love us as your children, you will surely work to make sure we don’t have to face this future.”

Here’s the news son. They don’t care. The voters behind this are self indulgent narcissists who don’t give a damn for your future. Unless there’s some kind of unexpected radical event, some upheaval that removes Progressives from their current position of political ascendancy, you’re not going to escape the fate you can see so plainly befalling you.

Readers- Don’t make the mistake of thinking this problem is isolated to the US. Every country in the West where delusional Progressives have enjoyed a lengthy period of political hegemony is facing the same economic and social reality.

Full article.



Categories: American Politics, Global Politics

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4 replies

  1. Well again, it shows just how little people understand. The agreement with the new deal, was we are in a depression, we can do all these things for you, but when your working you pay it back with income tax. If everybody only understood this, and only did their best to pay back their debt to society things would be ok. But what happens is people set up trusts, and rort the system and cheat. This means the poor can’t pay their share, and the rich find ways around it. Which means the middle class are squeezed.

    The only way to fix it, is to say this is what you’ve received this is on one side of your social security account ledger. This is the amount of income tax you’ve paid this is on the other side of your ledger. Your balance is your pension. That would put a stop to people taking as much out as they can, and putting as little as they can into it.

    Until that happens we will continue to have these problems. The baby boom generation has contributed plenty, they have earnt their pension. The DPB generation hasn’t.

    Like

    • r1016132nzblogger, I think you definitely have a point. I think America has gone past the point of no return. Just the interest on their debt is at least half of the income tax per person and corporation. But the question is how did they get into that mess, and how did we get into our mess. So the solution I’ve proposed could actually turn NZ around, but America is in such deep doo doo, that its probably too late for them.

      But anyhow this entitlement culture is a drain on any society. And this global warming tax isn’t helping either.

      Liked by 1 person

  2. Here is a good interview. Not quite on topic, but a very articulate woman and not a side of the debate you hear too often.

    http://www.abc.net.au/lateline/content/2015/s4292362.htm

    Like

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