as retirees become the dominant voting bloc, spending on pensions and health care crowds out roads, schools, and defense. Shrinking economies make public debt harder to service, and fewer births mean fewer scientists, artists, and inventors.
Interest payments now eat up a record 18.5% of everything the federal government collects. In some almost one in five that you're paying in taxes goes to paying interest on the debt of money we borrowed because we weren't taxing people enough and we were spending too much.
The thing that's going to gut this economy is the fact that we're now spending 40% of our federal budget on programs for seniors, you know, uh Medicare and um and social security and all these basically old people vote and the Dian democracy is working too well and we keep transferring money from young people are more productive to old people who are less productive.
3mo ago
Underscored — save the words that stop you in your tracks.
