Oboomercare and The Generational Sting
By mw | Related entries in Barack, Deficit, Health Care, health care reform, Obama, TaxesThis generational Ponzi scheme, like all Ponzi schemes, will work only as long as enough new suckers can be found to “invest” so that the older “investors” can cash out. The Greatest Generation kicked off the con with Social Security and added Medicare, but they understood the game. They made a lot of babies – the Boomers – so it is/was relatively easy for us to pay off their benefits. We Boomers expanded Medicare and added prescription benefits, but we’ve barely made enough Gen-X babies to pay for it. Still, thanks to the Millennials, it looks like we may squeak through and get most of our payoff. The Milliennials can take credit for piling on the additional Obamacare benefits, as they are the ones that elected him. But they are just not making enough babies to have any hope of securing their entitlements from the next generation. Suckers.
