Sunday, October 20, 2013

Bad news for the young

Wall Street Journal gives the young Obama voters something to think about - how much they are going to have to pay for continuing Obama policies.
While many seniors believe they are simply drawing out the "savings" they were forced to deposit into Social Security and Medicare, they are actually drawing out much more, especially relative to later generations. That's because politicians have voted to award the seniors ever more generous benefits. As a result, while today's 65-year-olds will receive on average net lifetime benefits of $327,400, children born now will suffer net lifetime losses of $420,600 as they struggle to pay the bills of aging Americans.
When will you wake up, young voters?

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