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November 16, 2008

Wake-up call for the older generation

— Jess O'Shea @ 6:32 pm

Government programs like Social Security and Medicare that benefit the older generations are going to bankrupt our nation in the near future.  The baby boomers are retiring and there are fewer middle age workers to pay for the nation’s medical bills and Social Security checks. While you as current retired Americans will receive your benefits, in a few short years, there will be no benefits for your children or grandchildren. There will be a large financial strain on our nation’s economy and tough decisions to make. Middle age workers have paid into Social Security for so long; isn’t it only fair that they receive what they put into it? In order to finance these programs, either taxes have to skyrocket or benefits have to decrease. This is a difficult scenario to imagine, but unless something is done now, this is our future.

Many retirees do not realize how much they are consuming. Older Americans need to realize that if these programs are not reformed, they will be leaving the American economy in a very deep hole. As an 18 year old, I am concerned for my economic future. Obviously, when I am older, I don’t want to be paying so many taxes that I can’t afford for my children to go to college or to live comfortably. You have a responsibility to your children and grandchildren to help find a solution to this problem.


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