Saturday, August 22, 2009

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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9 comments:

paw said...

Your self-righteous indignation is misplaced. About 11% of the federal budget goes for welfare programs that are non-retirement and non-medical. The amount that possibly goes to support lazy people, as you put it, is very, very small.

sis said...

If Chris has "self-righteous indignation" then I along with a multitude of others are guilty of the same. No matter, they still take our money. I don't give it...they take it....large or small.

Malott said...

PAW,

So nice of you to drop by.

Why don't you put down your bong for a moment and think really hard.

Inflation will hurt the people who saved their money for retirement. The people who were irresponsible and spent their money as fast as they made it... And the people who chose not to work... They will be about as well off as the one who saved because the saved money will be worth so much less.

Malott said...

Sis,

And when the government starts printing money to pay for the programs we can't afford, the money you get to keep will be worth less.

If the Democrats' Cap and Trade gets passed, your taxes will be raised and you will get to keep less of your money (which won't be worth as much) so that the government can pay the sky-rocketing heating bills of the poor.

paw said...

That's a cheap shot unbecoming of a big man.

I haven't said a thing about inflation.

I get that you like getting all jacked up about things like this and I don't expect to fix that. This is a matter of fact: 1/3rd of your income does not go to keeping slackers on their couches. You go ahead and keep thinking that. I'm just providing facts for people who are persuaded by reality.

SkyePuppy said...

Ummm.... I agree with Paw that that was a cheap shot.

And I disagree with Paw that you said 1/3 of your income goes to slackers. My interpretation of your 1/3 statement was that 1/3 is what you pay in taxes, and from that (but not all of it) they send money to slackers and other deadbeats who are too lazy to work.

But that was a cheap shot.

Malott said...

PAW,

While it's true that you didn't say a thing about inflation, my post was about inflation.

Skyepuppy,

My "bong" comment was a cheap shot? It was meant to be funny. The only way it's not funny is if PAW actually has a drug problem. But then, perhaps you know PAW better than I, and I should apologize for being insensitive.

Malott said...

Later that same morning...

Skyepuppy,

On my way to work my James McDonald podcast centered on 1 Cor 13. (geez)

Dearest PAW,

Though you chronically present yourself as an apologist for the Democrats and other proponents of Socialism... And though you annoyingly employ your Jr High debate class techniques, picking at minutiae while avoiding the principal thrust of conservative arguments... I love you. And I am confident that you wouldn't know a doobie if someone dropped it in your lap.

Your favorite "big man,"
Malott

ChuckL said...

It is unfathomable to me how those who use the power of government to take money from Americans who work, keep a chunk for their bureaucratic selves, and give a bit to those who don't work call it compassion. It is coercion. It is extortion. It is serfdom. But it ain't compassion.