Monday, March 29, 2010

The Rape of the Post-1970s Generations Continues

Guess who will take the brunt of the new Healthcare Reform Bull? The same group of people who will be paying a gazillion dollars in principle and interest for student loans. Yes, Debt Children, if student loan debt doesn't thrill you enough, don't worry - it only gets better,according to the following excerpt:

"Under the health care overhaul, young adults who buy their own insurance will carry a heavier burden of the medical costs of older Americans—a shift expected to raise insurance premiums for young people when the plan takes full effect."

So, let's break it down:

Post 1970s generations will bear the brunt of the collapsing Ponzi-Scheme that some geniuses decided to call "Social Security." Be secure with the fact that you will have a negative return on the money you dump into this program for 40+ years, while the first recipient had a return of over 90,000%. Try to remain social in the likely case that you don't get anything back at all.

Along with that, we have Medicare, which is in even worse financial shape. That one will likely peter out as well leaving none other than the Debt Children holding the bag.

Of course, there's the endless foreign adventurism that we'll have to foot the bill for.

The Healthcare Reform Bull is just the icing on the cake. But I'm sure there's more to come. D.C. has an endless supply of great ideas.

Stay tuned.

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