Home
/
RELIGION & LIBERTY ONLINE
/
Take a guilt trip with FREE RIDE!
Take a guilt trip with FREE RIDE!
Jan 6, 2025 5:58 AM

Every now and again, I stumble across an article that just gets me going. Today was one such day, and this was one such article. Robert Samuelson takes aim at the baby boomers and their entitlement mentality in the Washington Post:

As someone born in late 1945, I say this to the 76 million or so subsequent baby boomers and particularly to Bill Clinton and George W. Bush, our generation’s leading politicians: Shame on us. We are trying to rob our children and grandchildren, putting the country’s future at risk in the process. On one of the great issues of our time, the social and economic costs of our retirement, we have adopted a policy of selfish silence…

…It’s no secret that the 65-and-over population will double by 2030 (to almost 72 million, or 20 percent of the total population), but hardly anyone wants to face the implications:

parison, other budget issues, including the notorious earmarks, are trivial. In 2005, Social Security, Medicare and Medicaid (the main programs for the elderly) cost $1.034 trillion, twice the amount of defense spending and more than two-fifths of the total federal budget. These programs are projected to equal about three-quarters of the budget by 2030, if it remains constant as a share of national e.Preserving present retirement benefits automatically imposes huge costs on the young — costs that are economically unsound and socially unjust. The tax increases required by 2030 could hit 50 percent, if other spending is maintained as a share of national e. Or much of the rest of government (from defense to national parks) would have to be shut down or crippled. Or budget deficits would balloon to quadruple today’s level…

No need to fear, however, because our brave and principled political leaders are stepping up to the plate… and refusing to do anything:

Any reform plan would have to make its way through the Senate Finance Committee, which will be chaired in the new Congress by Montana Democrat Max Baucus. He’s a guy the White House thought at one point might be a vote in favor of Bush’s plan to carve out personal savings accounts as a way to make Social Security a better deal for younger workers.

But I have to say that a brief chat I had late yesterday afternoon with Baucus didn’t imbue me with much confidence. I asked him flat out if there would be major Social Security reform in this new Congress. Baucus slowly and rather unenthusiastically replied, “Oh, I don’t know. The trust fund doesn’t reach zero until 2042.”

What about Medicare reform?

The federal government should join the state of Massachusetts in enacting universal health coverage, said Sen. Edward Kennedy, the new chairman of the mittee with jurisdiction over numerous health issues.

Kennedy’s home state is the first to require everyone to have health insurance, just as drivers must have automobile coverage.

Kennedy has his own version of what universal health coverage would look like. He wants to extend Medicare to all.

Well, that should help to keep the program solvent and affordable for many years e! Although, to be fair, perhaps Senator Kennedy isn’t ignoring reality, and is actually proposing this expansion of Medicare in order to speed the imminent demise of the program and force a crisis which he can then solve…

Naaah.

So we’re left with a looming crisis that everyone knows ing but no one with the ability to do anything about it will acknowledge it for fear of the political consequences. And in the meantime, I get to look at my paycheck and see hundreds of dollars fall away every month into programs that will be long gone by the time I would get to the age of eligibility. I try not to think what my 401k or IRA would look like right now if I had just been able to funnel that money in that direction; that way lies anger, and you know what Yoda said about anger: It eventually leads to suffering.

But why should I wallow in anger and self-pity? This is America, the Land of Opportunity – and have I got an opportunity for all of you baby boomers out there! Since you’re going to be helping yourselves to a generous portion of my money over ing years (barring some sort of political miracle), I’d like to give you the opportunity to say thanks in a tangible way: by contributing to the Fund for Redistribution and Entitlement Equality/Retirement e Doubling Enterprise (or FREE RIDE for short), a new initiative that I’ve set up to ensure that the boomers have the same opportunity to contribute to retirement security that my generation has. Well, not quite the same – it’s voluntary, whereas my e is confiscated – but still, I have to believe that you’re just as concerned with my retirement security as you are with yours, right?

Just make your check out to me and send them care of the Acton Institute (the address is here), and you’ll be able to rest easy knowing that you’ve helped to ensure the retirement security of at least one future senior.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Understanding the President’s Cabinet: Secretary of State
Note: This is the secondin a weekly series of explanatory posts on the officials and agencies included in the President’s Cabinet. See the series introduction here. Cabinet position: Secretary of State Department: U.S. Department of State Current Secretary: Thomas A. Shannon Jr. is serving as acting Secretary pending the confirmation of President Trump’s nominee, Rex Tillerson. Ranking/Succession: The Secretary of State is the highest ranking member of the Cabinet and the third-highest official of the executive branch of the federal...
‘Disturbing ideas’ of the Progressive Movement
In a new article at the Public Discourse, Acton’s director of research Samuel Gregg, reviews Thomas C. Leonard’s new book,Illiberal Reformers: Race, Eugenics, & American Economics in the Progressive Era. Leonard’s latest “details the progressive movement’s reliance on eugenics and race science as well as its effort to exclude the disabled, blacks, immigrants, the poor, and women from full participation in American society.” Gregg starts his article by noting both the positive and negative events that took place in the...
Clobbering free speech with the Constitution
“When it’s too late to intimidate, it’s never too late to retaliate,” says Bruce Edward Walker in this week’s Acton Commentary. It was in 2010 that the U.S. Supreme Court’s decided Citizens United by a 5-4 vote. The decision overturned most campaign finance provisions of the bipartisan McCain-Feingold Act. Kimberley Strassel, in her 2016 book The Intimidation Game: How the Left is Silencing Free Speech, depicts Sen. John McCain’s co-sponsorship of the bill as the Arizona Republican’s public penance for...
Should the government cap CEOs’ salaries?
Ideas have consequences, but they do not have geographical boundaries.The latest example of this truth isUK Labour Party leader Jeremy Corbyn’s proposal that the government impose amaximum annual salary on British residents – an“earnings cap” on how much anyone could earn in any givenyear. The idea enjoyed massive popularity in the United States during the Great Depression due to the charismatic support of one man: Senator Huey “Kingfish” Long. The Louisiana governor and senator claimed that his “Share Our Wealth”...
Explainer: What you should know about executive orders
During his first week in office, President Trump has signed a number of executive orders, affecting a range of policies from trade to health care to immigration. Here is what you should know about executive orders: What is an executive order? An executive order is an official document, signed by the president, used to manage the Federal Government. Are executive orders legally binding? Yes, assuming they are limited to the scope of the executive action allowed by a president, an...
Explainer: President Trump’s executive order on reducing regulations and regulatory cost
What just happened? Today, President Trump signed an executive order titled, “Reducing Regulation And Controlling Regulatory Costs.” The stated purpose of the executive order is “to manage the costs associated with the governmental imposition of private expenditures required ply with Federal regulations.” What does this executive order do? The order requires that for every one new regulation issued, at least two prior regulations must be identified for elimination, and that the “cost of planned regulations be prudently managed and controlled...
A businessman who builds low-cost private schools for the masses
Many plain about the poor quality of America’s public schools. ButBob Luddy didsomething about it. Tired of trying to convince North Carolina bureaucratsto improve the state’s public schools, Luddy built his own network of low-cost private schools that the government can’t meddle with. ...
5 facts about human trafficking
January isNational Slavery and Human Trafficking Prevention Month, a time when “we resolve to shine a light on every dark corner where human trafficking still threatens the basic rights and freedoms of others.” Here are five facts you should know about modern-day slavery: FBI.gov (Public Domain) 1. Human trafficking,also referred to as trafficking in persons or modern slavery, describes the act of recruiting, harboring, transporting, providing, or obtaining a person pelled labor mercial sex acts through the use of force,...
Acton Institute makes strong showing in annual think tank rankings
On January 26, the University of Pennsylvania’s Think Tanks and Civil Societies Program (TTCSP) released its 10th Annual Think Tank Report. This list ranks thousands of think tanks worldwide and ranks them in dozens of different categories. The “think tank of think tanks” has a rigorous ranking criteria which includes: “quality mitment of the think tank’s leadership,”“quality, number, and reach of publications,”“reputation with policymakers,”“media reputation,”“ability to produce new knowledge,”“financial stewardship,” and“impact on society.” Chatham House was named “Think Tank of...
Radio Free Acton: Avik Roy on how to transcend Obamacare
On this edition of Radio Free Acton, we’re joined by Avik Roy, Opinion Editor at Forbes magazine and the founder and president ofThe Foundation for Research on EqualOpportunity. He’s been an insightful critic of the health care reform process in the US since Congress began debating the legislation that we now know as Obamacarein 2009. Through his new organization, he’s published a plan to reform the American health care system called “Transcending Obamacare“; the plan is intended tomaximize health care...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved