Page 2 - Generational Theft News Today

Generalal -- generational theft. you are not that young but you are going to have at that pay for me. >> that seems to be the plan. and people younger than me are going to have to pay for me. thats what this system amounts to. it is a generational chain letter. >> that was what it was supposed to be when fdr set it up. whats wrong with that? >> the problem is that it is just fiscally unsustainable to keep promising each generation they are going to get more and more money. especially as the leng...

Welfare state, that has not been modernized or changed with modern times. >> people say raise taxes. >> you know, if you raise taxes, youre hurting the economy and thats just another kind of generational theft, because youre leading a smaller economy to the future. but youre not also to raise taxes enough to make up for the short fall. its a huge short fall. >> there are so many people roughly my age with the baby boomers. you could double taxes and it wouldnt cover this. i keep hearing these nu...

John: right now this is kind of generational theft. u.s. and uni try stealing from this case. can i have -- we have to pay for my medicare. >> it was not very nice of you to steal from my sister like that. john: they dont like it, but they dont vote, and even when they come to voting age we older people are much more likely to vote. i dont see how this will end well. >> that is right. the good news is that we can make adjustments that are modest starting now. the bad news -- for example, we coul...

>> no, not really. >> ligright now this is kind of generational theft. that means you, you and i are stealing from these kids. sorry, i need this here. can i -- can i have -- you know? we have to pay for my medicare. >> i dont like it. >> it wasnt very nice of you to steal from my sister like that. >> so they dont like it. but they dont vote and even when they come to voting age, we older people are much more likely to vote. i dont see how this is going to end well. >> well, thats right. i mean,...

I need to take this phone. >> what are you doing? hey, give that back! >> im old. >> i need this. >> stop, stop. >> i need to take this scooter. >> hey, give that back! >> taking things from kids is nice for me, but the rest of you have to deal with the debt bomb. our almost $17 trillion debt is bad enough, but the real bomb is coming. its coming because people my age rudely refuse to die and we baby boomers have been trained to believe that we deserve not just social security, but the real budg...

Showing restraint at home and showing restraint abroad and i think that is winning a message and i think its also a message that the so-called facebook generation can support. were engaged, steve ratner said yesterday we are engaged in generational theft. i disagree with people saying all of the demographics are working against the republicans. i think in the long run the demographics are working in our direction if we show splin and restraint. >> he made a lot of noise with his speech yesterday...

For very simple principles. limited government, balanced budget and we should be be-- they should be against generational theft because were literally pounding open the piggy banks of our kids. united in the house, if every house republican is united on those three simple principles, you have power to stop president obama. this is during this debate. during the continuing resolution debate. during the budget debate. you guys have power. can you-- are you confident that all the republicans are un...

This very time that were concerned about how were spending money and were concerned about the defense budget were getting ready to send 4,000 u.s. troops to 35 different countries and africa to start to get involved there and we cant even take care of things at home and telling people in africa how to take care of their affairs. >> and i look at washington, jay sekulow and everything should be looked at in this perspective. should that be worth breaking open our childrens piggy banks, generation...

This very time that were concerned about how were spending money and were concerned about the defense budget were getting ready to send 4,000 u.s. troops to 35 different countries and africa to start to get involved there and we cant even take care of things at home and telling people in africa how to take care of their affairs. >> and i look at washington, jay sekulow and everything should be looked at in this perspective. should that be worth breaking open our childrens piggy banks, generation...

We need to restructure them and replace the tax code and yes, im embarrassed that we dont have leaders in congress or the white house who terry seriously looking at solving the problems instead of putting it off on our kids and our grandkids. >> let me ask herman one follow-up. this is important. this is 1.2 trillion were borrowing 46 cents of every dollar we spend. >> yes. >> sean: thats taking -- that, generational theft. so my question to you is thats only 85 billion dollars a year. if we can...