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Entitlements

 
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PostPosted: Thu Aug 06, 2015 3:45 pm    Post subject: Entitlements Reply with quote

PeakTrader:

Entitlements, particularly for an aging population, and interest on the national debt will likely continue to crowd-out other government spending.

And, although there are benefits to big infrastructure spending, it seems, budget deficits will worsen.

It seems, there also has to be some change in priorities.

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Baffling:

It seems, there also has to be some change in priorities.

perhaps we can start with an adjustment on the upper end of social security benefits, and use those savings as a down payment on future infrastructure projects? the baby boomer generation certainly benefited from the massive infrastructure improvements since the 50s and 60s. cutting back entitlements, starting from the upper ss levels and moving down, would be a start? we cannot continue to delay passage of changes until after all the baby boomers are into the entitlement system, and then grandfather them into their pay structure. the baby boomer bulge is the major problem, and if it is not addressed then we are simply punishing the following generations in order to keep promises to the boomers which should have never been made. i agree entitlements need to be adjusted. but the adjustments need to start with the problem generation, not after the problem generation.

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PeakTrader:

Yes, the Baby Boom generation has benefited disproportionately at the expense of future generations.

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