I agree, passing the buck to our children and grandchildren is insane.
2007-11-29 08:46:35
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answer #1
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answered by Anonymous
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The cost of the Iraq war, while now expected to total over a trillion(!) dollars, is still only a small part of overall gov't spending which is already at unsustainable levels, and expected to rise significantly in the coming decades. The costs of Social (in)Security, Medicare & Medicaid are all set to rise almost exponentially in the coming years due to a variety of factors. The defense budget, currently 23% of federal spending, sure ain't going down anytime soon. And for all their bloviating, politicians refuse to give up their pork.
What does all this mean? Combined with the ever-growing national debt, whose interest alone we're just managing to pay, the gov't is headed for an all but unavoidable financial meltdown probably around the middle of this century. In all likelihood, it will drag the rest of the country's economy down the drain with it. Many economists, and the Congressional GAO, know about this, but no one wants to talk about it because doing so will mean making some very tough decisions that will probably amount to political suicide. With an average age in the mid-60's, Congress is far more concerned with winning the next election in a few years than in saving the country in a few decades.
The libertarians have been saying it for many decades: taxation is slavery. In that sense, we're all slaves to Big Government, and it will only take a bigger and bigger portion of our earnings in the future. Ironically, the poorer that gov't taxes make us, the more dependent we become on gov't programs. It's a vicious downward cycle that can only end badly for everyone. And more socialized countries, like Europe and much of Asia, will bottom out even sooner since their countries' governments already consume a higher percentage of GDP than ours. Combined with the looming oil crisis, growing water shortages and the exorbitant costs of Kyoto & its successor treaties, this century may well turn out to be the most chaotic in human history. It will be interesting to see if the human race finally learns its lessons from all this, or goes on making the same mistakes all over again in the coming centuries.
2007-11-29 17:49:50
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answer #2
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answered by R[̲̅ə̲̅٨̲̅٥̲̅٦̲̅]ution 7
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This is a process that is licensed to last for eternity. It may seem like unfair because people of today are exploited for the benefit of the future generation. It's the way it works and we all benefited from that process - natural selection works that way also, We cannot escape that.
2007-11-29 16:51:31
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answer #3
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answered by keala_kei 1
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"The Soulless One," Mark Prophet, "The Bilderberg Group," Estulin
2007-12-01 20:02:02
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answer #4
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answered by j153e 7
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