Children Will Drown in Federal Red Ink

We adults are awash in federal government debt. Our children will drown in it. The present health-care reform proposals in the U.S. Senate and House will create an even stronger undertow, dragging us all down deeper. The initial 10-year government-guesstimated trillion-dollar cost of said proposals is harmful enough but, warns the Cato Institute’s Dan Mitchell, “These estimates are far too low“¦.” One reason: “Much of the new spending is “˜backloaded,’ meaning that it does not take effect for several years. This makes the long-run costs appear deceptively low.” (Another Cato scholar estimates the program’s initial 10-year cost to be “more like $2.5 trillion.”) Contact all sitting senators, especially the three Democratic fencesitters. Urge them to vote against the current proposals. For the children.

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Posted by at 06:00 | Posted in Measure 37 | 10 Comments |Email This Post Email This Post |Print This Post Print This Post
  • Steve Plunk

    Of course we’re going to pass along our problems to the next generations. That attitude is typical of today’s leaders. Tax everyone but the people who vote now.

    We make the younger generations pay system development charges to become part of society because voters won’t support tax increases and government won’t stop spending more every year. After “buying in” these younger citizen now have to face a national debt, unfunded mandates, a coming pension crisis, and now perhaps a government run health system that transfers wealth from the young to the old. I’d be saying, thanks Gramps.

    When all of these bills come due the economy will tank so those young people won’t have jobs and the government won’t have tax revenues to pay the bills. It’s just a lovely situation any way you look at it. Thanks politicians, bureaucrats, and pro spenders. The lack of fiscal discipline has yielded few benefits for all the costs and now practically dooms the future for others.

  • Britt Storkson

    What do you mean “pass along our problems to the next generation”? We’re seeing/feeling the results of irresponsible government right now. How do you think this current recession (in some ways is resembles a depression) came about?

    It’s very simple: Governments now discourage wealth-creation (That’s Industry: Producing goods and services somebody wants to buy. It worked for us in years past and, more recently, for China) Rather than cut back governments continue spending in excess of the taxes (also the result of wealth-creation) they take in. Most of this deficit is made up with borrowing which further chokes off wealth-creation because those who create wealth (industry) find it more difficult either borrow money to expand or find investors to invest in their company because so much money is going to a non-producing sector of the economy: Government.

    For the last 50 years or so Government have used our money (borrowed or collected in taxes) to “buy off” campaign contributors. Being greedy those being “bought off” (the “bought off” also includes the financial institutions that loan money to government). continue to demand more and more in exchange for their efforts to prop up those in government. That’s why those in government and the state controlled media continue the drumbeat of “more money, more money”. If they do not continue to increase the payoffs to the “bought off” they will die. I don’t mean giving the “bought off” the same amount they got last year. I mean a 5, 6, 7 or 10% increase from the year before. The problem with greed is that it’s never satisfied

    The tipping point will come when government can no longer extract enough money from the taxpayers or their lenders to satisfy the “bought off”. We will then have meaningful reforms.
    Unfortunately those least able to defend themselves will suffer the most. That’s how governments work and one the the major reasons we had the Revolutionary War and created a country called the United States of America.

    • Anonymous

      Maybe you should move to China?

      • Steve Plunk

        Now that’s a well thought, reasonable rebuttal. Patriots correct problems in their country rather than cut and run.

        • Anonymous

          Take it easy, super patriot, that was not a rebuttal. I was just messin’ around.

          Britt says:

          “It worked for us in years past and, more recently, for China”

          Have you been to China? It’s not exactly my idea of a good example for this argument.

          • Steve Plunk

            I was taking it easy. I didn’t read it as Britt saying China is better than us. I do see it as China understanding what works just like we used to know what works. Our success has a foundation of free market capitalism with pro business policies. We need to get back to that rather than the present course of milking business like a cash cow.

    • Steve Plunk

      I guess I wasn’t thinking about today’s problems. You’re absolutely right.

  • Rupert in Springfield

    You know, maybe its about time Republicans started using some photogenic little moppet to fight government spending. I mean come on, we always see psa’s using some kid to sell us on a government program or tell us how they will die if the local extension service isn’t funded.

    Frankly I can picture the commercial right now in my head:

    Fade In

    Congressional montage showing haggling.

    FTB

    Voice over – child’s voice

    “They said it was an emergency, that this time was different, that they had to keep spending and spending to save the future”

    Fade In

    Soulful music plays

    Close up, child’s face covered in soot, he appears about 10 years old and is wearing some sort of goggles or rudimentary protective gear.

    “I don’t really know, back when they had schools you knew that kind of thing, all I know is I have to work pretty hard to pay back the people we borrowed all that money from”

    Loud megaphone in the background, we hear it talking in an authoritative voice that sounds like Chinese, it appears to be issuing back to work orders in an angry military manner.

    “I gotta go”

    Child turns and runs from camera

    Camera pull back to wide angle. We see he has a pick ax over his shoulder and is almost buckling from the weight as he runs to get back to work

    Child disappears into mass of children working in gigantic pit mine. Their numbers are countless. To the side we see large Chinese characters indicating ownership of the mine. The mine has a military feel, with guard towers on the edges to make sure the children stay put.

    FTB – Military megaphone sound with pick ax clinking continues to end.

    OK – Yep, sure, a little overwrought with the guard towers. But pretty close to the truth otherwise. I guess some feel its low to use kids in advertising.

    Well, with their projected tax rates we are selling our kids into virtual slavery. So, I guess I am that low.

  • Britt Storkson

    I’m not saying that China is a better place than anywhere else. I am saying that capitalism works everywhere it’s tried. Socialism (where the US is at now in large part) punishes industry to fund government and all, except an elite few in government, suffer as a result. And it’s not something that’s a long way off. We’re seeing the results right now.

    • Anonymous

      Hi Britt, I understand your argument and there is an emerging middle class in China (roughly 10% of the population to my understanding), nonetheless I am of the opinion that using China as an example of the efficacy of capitalism is a bit premature. If you’re concerned with so-called socialist trends in the U.S. I would suggest that you critique social democracies of the kind found in Scandinavia (Storkson?), as they are more than likely what serve as models in the minds of many of the policymakers with whom you disagree.

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