Washington's Compassion

WASHINGTON (Reuters) - The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.

At some point our bills come due. Unfortunately for people my age, it looks as if the day of reckoning will come just about the time we retire... Or the time we thought we would like to retire.

Anyone old enough to remember the 70's understands how cruel an inflationary period can be. People who played by the rules in the 50's and 60's, saved their money, creating a nest egg that seemed like so much, were made poor when their dollars suddenly bought so much less.

Washington will buy votes and level the playing field by printing money, and that will make my money worth less.

I spend my life working hard, giving the government about a third of my income so that lazy people can stay home and watch TV... And then when I retire I'm not significantly better off than the lazy people my hard work supported. That's Socialism's reward for the industrious.

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