Poll: More voters care about “economic well-being” than debt and deficits

From the IMF:

To restrain the U.S.’s future budget crisis, THE FEDERAL GOVERNMENT MUST RAISE TAXES BY AT LEAST 35% AND CUT ENTITLEMENTS SUCH AS HEALTH CARE AND SOCIAL SECURITY BY 35%, International Monetary Fund economists warned Monday in a new working paper.

While the projected ballooning of future costs of entitlements as the so-called baby boomer generation enters old age isn’t new, the IMF paper’s quantifying just how much the federal government will have trim its balance sheets sheds fresh light on the political hurdles ahead.

Raising taxes and cutting spending on health care, Social Security, Medicare and Medicaid are some of the most sensitive issues for voters.

The IMF paper, written by Nicoletta Batini, Giovanni Callegari and Julia Guerreiro, shows that IF THE GOVERNMENT DOESN’T CUT ENTITLEMENTS, IT WILL HAVE TO RAISE TAXES BY 88% TO PAY FOR THEIR COSTS.

Since the federal government has historically collected around 18% of gross domestic product in taxes, THE MANDATORY ENTITLEMENT PROGRAMS MAY ABSORB ALL FEDERAL REVENUES AS EARLY AS 2026, when the cost of servicing the debt is included in the calculation, the economists say.

The reactionary Left refuses to reform Social Security, Medicare, and Medicaid even to save them and to give young Americans the same opportunities, shot at the American Dream, and living standards that their parents, grandparents and great-grandparents have had.

Sadly, too many on the Left are far more interested in “getting theirs”…and getting it now! A recent poll demonstrates this and does so in a devastating fashion:

“While a majority of Republicans (59%) thinks major cuts to entitlement programs like Social Security and Medicare should be made now, even if it is tough on families, A MAJORITY OF DEMOCRATS (52%) THINKS THOSE PROGRAMS SHOULD CONTINUE TO BE FUNDED AT THEIR CURRENT LEVELS, EVEN IF IT MEANS PASSING ON TRILLIONS OF DOLLARS OF DEBT TO FUTURE GENERATIONS.

Overall, 61% of voters say major spending cuts are necessary to reduce the deficit, while 33% think increasing taxes on high earners would be enough. HALF OF DEMOCRATS THINK TAXING THE RICH IS ALL THAT IS NEEDED. By contrast, majorities of Republicans (77%) and independents (62%) think cutting spending is also necessary.”

It would appear that Democrats do not find generational theft to be immoral in the slightest bit. How sad.

As Mark Levine states in his book, Ameritopia, “The best that can be said is that all that stands between the individual and tyranny is a resolute and sober people.” Piling debt upon debt upon debt upon children and those yet born is anything but sober. It is the action of an inebriated and immoral people…a people drunk on the fruits of the labours of others of which they have voted themselves because they are too lazy, contemptuous, hateful, vengeful, incapable, ignorant, and enfeebled to work for themselves. They have been enchained by their “betters” and do not know it. They and their betters seek temporary satiation in the present at the expense of future generations, who will be subjected to a lengthy pain and far fewer freedoms.

A little more than two centuries ago, people declared their independence and went to war over “taxation without representation.” Those that seek to place burdens on the future, should remember this because I, somehow, doubt that they will find themselves living in a life of luxury financed by younger workers, as they believe. In fact, if the selfishness, ADD, and self-absorption of today’s younger generations are any indication, those death panels – the kind spoken of by George Bernard Shaw, not Sarah Palin – will be in place a lot sooner than anyone ever imagined.

Don’t Tax Away The Future! IMF: To Contain Future Budget, US Must Raise Taxes By 35%, Cut Entitlements 35%; Without Cuts, Taxes Must Rise By 88%!

Resist We Much on March 18, 2013 at 12:08 PM