Buying the Boat. original 2-13-11 – Updated 4-28-18
“The question of whether one generation has the right to bind another by a deficit it imposes is a question of such consequence as to place it among the fundamental principles of our government. We should consider ourselves unauthorized to saddle posterity with our debts and morally bound to pay for them ourselves.” Thomas Jefferson.
But how? Read on
I am reading a story today about privatizing Medicare – but only for people under the age of 55. I don’t know what “Privatizing” really means to the future readers of this paper but it raises a question that has bothered me for years. How do we pay off our national debt? I don’t mean “How do we cut the deficit.” I am talking about the overspending of the past.
Lets say that I bought a boat that I did not need, on credit, and then I crashed it into the rocks and watched it sink. Should I stop making payments to the person who sold me the boat? Should I ask my neighbors to help me pay? Maybe I should ask the boat dealer to send the bill to my children? I don’t think so… I bought it and it is my responsibility. And please – just shoot me – if I go out and buy another boat before I pay for the first one – just because I think it is fun – or something I NEED.
The National Debt is OUR boat. We bought it and we watched it sink. I am not sure why so many people feel our National debt is the debt of the Federal Government and their problem to solve. The National debt is MY debt and YOUR debt. This upsets us, and makes us feel frustrated and even angry. But our anger does NOT change the facts of who bought the boats. We did and we have not paid the bill.
Did we deserve the Bush tax cuts before our National debts were paid? Who told us it was OUR money and we should get it back? Politicians who wanted votes.
Should we ask our lender, China, to forget the money we borrowed or devalue their Yuan currency?
Perhaps our good neighbor, Canada, might chip in to pay our bills?
Some think that maybe we can increase taxes in the future? But that is going to anger our voting age children. By the time taxes are raised we of the older generations will be paying taxes at a greatly reduced rate. We might be off to that tax-free haven in the beyond. Essentially, we just don’t want to pay our bills.
We know that our elected officials have to get a handle on current and future deficits and that means change for all kinds of welfare – which includes our Social Security checks and Medicare payments. Don’t be fooled. These payments become personal welfare the moment that we get more out of the programs than we paid in. Please don’t forget this fact.
The National debt from World War II is tiny compared to the debt doubling during the Reagan years. That is when I first learned to divide our National debt by the number of tax payers in this United States. The numbers seem impossible. Oh, for the days when the debt was “only” $4,000,000,000,000. Yikes! Four trillion seemed bad enough. What is it now $19,000,000,000,000? That is $63,000 per person. Unbelievable!
How do we fix this problem? All the answers that I have seen continue to push the problem onward to the next generations. Our misguided perspective is driven by policy makers who continue to cultivate votes rather than solve problems.
For right or wrong – our country has spent too much money. And we have spent it in many unnecessary ways. Take your pick – optimistic wars, too much welfare, overpaid public officials, and wasteful contracts. All contribute to the problem. All are controlled by the people we elect. And the people we elect tend to have big egos and a huge desire for power. And money to spend is raw power.
It is never fair to lump all politicians into this category. Many public servants want only to do good. The sad truth is that “doing good” is in the eye of the person with the most power. And power, as noted, requires our money.
I am not sophisticated enough to understand much about government but I do know that OUR generation has not paid OUR bills. And I know that none of us want to pay our bills either.
One solution is to grow the economy (so the future can pay the bills). Another solution is to stop spending so much (which also pushes the payments off to the future generations.) I am looking for each of us to say that we need to come clean and pay the National Debt – not by raising taxes but by paying our bill.
Raising taxes will push payments onto the next generation. Most retirees don’t pay taxes anymore or greatly reduced from our working years.
I should just ask our readers to offer solutions for paying off the money that WE spent. Right or wrong, we elected the folks who took us into debt. They are the agents that we hired to buy our boats. And WE are the ones who should pay the bill. How do we do that…?
We Seniors are the worst for ignoring the problem – voting only for people who dabble at the ongoing deficit while ignoring the existing debt. They are two separate issues.
The only solution that I see for the existing debt has its foundation in estate taxes. We all want our family fortunes to be passed on to the kids but is it fair to give it away our wealth before we pay for our debts?
If we are responsible and we believe that a new law would be fair to everyone, would we be willing to pay? Maybe – but I doubt it. This world is filled with people who blame government – which solves nothing.
Since we can’t force ourselves to pay up, maybe it better for us to wait until we are gone from this good earth to pay our fair share.
Here is one thought. If the government can determine how much we have paid through “retirement” taxes and how much we have collected through Social Security and Medicare, wouldn’t it be fair to balance the sheet after we are gone?
Perhaps there is nothing left for the kids – well – isn’t that the fact of the matter? We and our elected representatives set up the spending formula and it seems that, after we are gone, those who have benefited should pay their own bills. Otherwise, all our health care and all our “extra” retirement checks are like winning a lottery.
Should any of us expect our retirement checks to go to the kids after we are gone? Neither should we send the bills to them.
The writer welcomes your comments posted at WordPress. Please offer alternative solutions along with any complaints.
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29 Aug
My Chew Bone
Posted by Keith Larsen Blog Site Collections in 55+ Seniors Paper, Commentary, Inspiration, Lincoln Nebraska. Leave a comment
Written in 2009 while working on the www.lincoln55plus.com seniors paper.
From time to time, my wife and I take care of a neighbor’s Golden Retriever while his
Ma and Pa travel to visit family or go out on a golf weekend. Although I have no personal knowledge of Brodie’s breeding lineage, to me, he is pure gold. He has all the great traits need- ed to be nothing but loved. He always wants to be near us and sleeps in the bedroom all night. He sits on our feet to be in touch while we scratch his ears. Brodie gets along famously with our two dogs and even our cat. He is respectful of other’s pet food and he loves exploring our back yard. AND he loves his rawhide chew bones.
One chilly morning, I was fas- cinated to watch Brodie and our big ol’ yellow lab, Amy, laying in the grass, chewing on their respective rawhide. They faced each other as if at a dining table with their paws to the front and crossed to hold the bone in place. The chewing was intense and completely focused. There was a perfect harmony in their time together as they needed nothing but space and a little time to gnaw and chew.
I stood there for full 15 minutes wondering if either would break away from the task at hand to look for some other object of interest. Instead they remained dedicated to their work. During that time, I had several thoughts about what they were doing. I realized that chewing was good for their
P.1-16 Lincoln 55+
teeth but that was certainly not important to them. I assume the rawhide had a good flavor but decided that there was more to it.
Chewing on a bone must have an inherent challenge. The rawhide starts out stiff but begins to soften as they work on it. Then a tooth catches hold and progress is made, little bits at a time. The rawhide bones provides a push and a pull while the dogs try to transform it into – into – into what. Into nothing?
And then it dawned on me!
The Lincoln 55+ Seniors Paper is my personal rawhide bone. It has a form that starts out rather stiff but seems to offer up something – like clay that wants to be molded into a form. So I chew and I chew and it begins to soften. Soon, it begins to give off an essence that something is about to hap pen. Maybe a new ad will reach the right people and the businessman will report that the ad is paying for itself. Or the Lincoln Artist Guild will report a 25% increase in membership. Maybe a group like the Oscher Lifelong learning folks will double their membership and secure a million dollar endow- ment. This old bone has some pretty nice flavors.
So I chew and chew and once the paper has reached it highest state, I start to deliver them to all the businesses in Lincoln. This is a good flavor also as I visit with store owners. They report how well liked the paper is. And the people I see often claim they read the paper cover to cover. And some that I meet are potential advertisers or have a story to tell. All are more good flavors. And then the 15,000 papers are all gone – just like the chew bone. But I am left with great memories of the flavor and the challenges met and the wonderful thought of that next chew bone. Move over Brodie and Amy. I need some room at the table.
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