Younger generation picks up tab for ‘hope and change’

Time for me to extend a warm and hearty thank you from my generation of Americans — a salute, really — to the 20-30 age group of young voters in our country.Obama-Hope

I’m eternally grateful to you young folks for footing the bills and paying the retirement benefits for us older Americans.

For well over 50 years now, wage earners in my generation have paid our own money into the Social Security Trust Fund. But in case you don’t know, the federal government has taken all this money, borrowed it and spent it. The feds put a piece of paper in the Social Security and Medicare vaults that says “I owe you” $86.6 trillion. And counting. My money was taken by the feds without my consent and, to a large extent, given to people in return for votes. In turn, this bankrupted the system and turned Social Security into a Ponzi scheme. Bernie Madoff would have been proud.

Now there’s no Social Security money left in the vault for hundreds of millions of working and retired Americans. Thank goodness all you young people have stepped up and voted for someone who will use your money to pay for those benefits.

Another reason I won’t feel bad about accepting wonderful benefits like Social Security and Medicare is that I actually paid for what I will receive. But now that my money has been spent, younger generations will pay the tab. It won’t be easy for you 20- and 30-somethings to make these huge financial sacrifices for the rest of your working lives but, hey, this is the price you have to pay for “hope and change” and the nanny state, right?

Can’t blame you younger folks, really. You had something better to do than learn the issues in the months before the election, such as following the frolicking antics of Snooki and JWoww, or Honey Boo Boo on the Internet. Or watching re-runs of “Everybody Loves Raymond” instead of the presidential debates. Most younger people probably never used their latest electronic gadgets to click up Winston Churchill’s favorite saying: “If you’re not a liberal at 20, you have no heart; if you’re not a conservative at 40, you have no brain.” Too bad, because 20-somethings could have taken that to heart and gotten an early leg up on their peers. Perhaps the next time you vote, you will pay closer attention to who and what you’re voting for.

As Cal Thomas has said, the recent “election validates the enormous cultural shift that has been taking place since the 60’s when a countercultural bomb was dropped on society, producing moral fallout that continues to this day.”

But now, thanks to our young people as guarantors who have sacrificed their financial futures, I can escape the cataclysmic decisions of governments past and present and lead a worry-free life until I meet my maker.


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John R. Smith

John R. Smith is chairman of BIZPAC, the Business Political Action Committee of Palm Beach County, and owner of a financial services company.


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