I think this is probably a wakeup call for folks who are generation X or youngers for what’s to come…
Baby boomers retiring in massive amounts
+
generous entitlement programs that are underfunded
+
no one willing to compromise and give up for the greater good
= you and your kids being ultimately screwed…royally….
All you generation X’s and beyond. Might as well start spending some of your money and enjoying life….Because, if you don’t you’re definitely not going to enjoy watching yourself pay up the noses in taxes to fund all these unsustainable entitlement programs at the federal,state, and local levels…watching retirees enjoy their golden years, some of which only worked for 5-6 years to get get a lifetime pension…while you struggle putting ends meet together….with absolutely no sympathy from those folks in the entitlement programs…
You see, there’s a huge problem folks….See, when private corporations go bellie up, and have pension obligations, those things get renegotiated as was the case in the airline industry…so that the company can survive.
When federal/state/local government can no longer afford to pay it’s bill, it’s not so simple as filing for BK and renegotiating the pension obligations…Even if a local gov files for BK, it doesn’t free them from their pension obligations… That’s a big problem…
On top of that our government, continuously rewards bad, irresponsible behavior by encouraging more spending, from the very same folks that shouldn’t/can’t be spending. By extending them loan mod/save your home programs,etc,etc,etc,etc…
WAKE UP PEOPLE. You get a cookie for being stupidly stupid fruggle…saving….to allow everyone else enjoy spending and enjoying their lifestyle at your expense….. you’re saving and paying a hell of a lot more taxes to support THEIR life AT YOUR EXPENSE…. You routinely enjoy being gang butt-fvcked, because for some reason, you’re holding on to the notion of being “financially responsible”, as some morale/right thing to do… Guess what? NO ONE GIVES A SHIT BUT YOU (and maybe the minority of piggingtons on this board)…
Savers 0 : Spenders 1
I’ve stopped penny pinching about 2 years ago, when this hit me…That’s why, when I like something now, and I can afford it, and it’s reasonably priced (not totally overboard), I just get it… Because if I don’t, uncle sam will tax me for holding on to my money and fork it over to defense spending and entitlement programs that I don’t benefit from. Government can’t exactly tax you anymore up the ying yang when you don’t have excess money to tax…Spend now voluntarily…or let someone else spend for you later…
