I don't usually complain about advertisers but this one is over the line.
Up Yours, Baby Boomers! The American government has made $53 trillion worth of promises they can’t pay for.
And with 78 million baby boomers reaching retirement, guess which generation is going to be left with the IOU's?
We’re the Peter G. Peterson Foundation, and we’re here to do something about it
Like most "Boomers" I have been paying into the Social Security Trust fund since I began working. Notice I didn't say Social Security tax. Since Social Security and Medicare are trust funds not taxes I've also had the privilege of paying income tax on these contributions. The Social Security System has been running a surplus since it was last "reformed" during the Reagan administration. The reason the money is not stored safely in cookie jars is that the US government borrowed it to pay for ongoing programs and to cut taxes mostly for the wealthy. There are Government IOUs to make all projected payments until 2041, when most of the Boomers will be dead.(the oldest would be 96 the youngest 77)Either the government pays its debts for money forcible extorted/extracted from all of us or their credit is no good.
UP YOURS BABY BOOMERS?, rather I say Fuck you Peter G Peterson Foundation. Scumbag! WATB.