Why should young and relatively poor people be forced to sign up for insurance that charges them above-market rates to subsidize rates for old and relatively wealthy people? In this sense, Obamacare is simply the latest instance of generational theft being perpetrated against younger Americans. -Nick Gillespie
Intergenerational theft. A complicated phrase that can simply be described as borrow money now, force our children and grandchildren to pay later. We’ve heard it with Social Security, Medicare and, most recently, with the massive stimulus spending bill. -Nicolas Loris
Democrat, Liberal, Incompetence, Obama, Financial, Debt
In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. The $5,027,761,476,484.56 that the debt has increased during Obama's presidency equals $16,043.39 for every one of the 313,385,295 people the Census Bureau now estimates live in the United States.
Democrat, Liberal, Government, Incompetence, Obama, Oops, Economy, Debt
Sen. Michael Bennet’s recent appearance in Greeley, Colorado is sure to set political tongues wagging–Bennet is quoted as saying that though trillions of dollars of Federal debt has been incurred through spending since he was appointed to the Senate in January of 2009, “we have nothing to show for it”
Government, Character, Financial, Theft
The Poway Unified School District may be California’s poster child for exotic school bond financing, but it is by no means alone in San Diego County... Poway Unified borrowed $105 million last year using a form of financing called a capital appreciation bond. The district won’t start making payments on the loan until 2033, and by the time it’s paid off in 2051, taxpayers will have paid back almost $1 billion, or almost 10 times the original loan.