Use access key #2 to skip to page content.

alstry (34.92)

Generation Debt

Recs

12

September 06, 2010 – Comments (6)

Between 1776 and 1980.....America and Americans accumulated a total debt load of about $5 Trillion dollars.  During that time, the nation participated in two world wars, a civil war, a depression, and managed to build the greatest economy in human history.

Between 1980 and 2010.....America and Americans borrowed $50 Trillion dollars and spent it.  It is the money that funded our pension plans, 401Ks, IRAs.....built our schools and hospitals.....and paid our salaries.  It built shopping centers, restaurants, big box retail stores, and more....funded wars we shouldn't have faught, lavished politicans with unprecedented lifestyles, and gave Wall Street CEOs and bankers insane salaries and bonuses as we outsourced the nation overseas.

Now we are setting up the next generation with few jobs and this massive debt load we accumulated.  Heck, we now force our kids to borrow tens of thousands of dollars PER YEAR simply to get a college educatio.  Why? So our professors can make insane salaries, build large buildings with our names on them, yet there are few jobs waiting for them when they graduate.

Youth Employment at Record Low

Our current Generation Debt retirees expect pension payouts KNOWING that, from an actuarial standpoint, they are simply drawing payments that rightfully belongs to the next generation.

In one generation, we accumulated 10X more debt than all prior generations before us...COMBINED....YET NO ONE GIVES A DAMN ABOUT WHAT THE NEXT GENERATION FACES......

NO ONE CARES THAT THERE IS NO JOBS FOR THE NEXT GENERATION......NO ONE CARES THAT OUR HOSPITALS AND SCHOOLS ARE SHUTTING DOWN FOR THE NEXT GENERATION......OR OUR CITIES, COUNTIES, AND STATES ARE RUNNING OUT OF MONEY FOR THE NEXT GENERATION.......

WE only care that WE get to teach special needs kids.....who cares of there is little opportunity to teach for the next generation.....

WE only care that WE get to build houses....who cares if home construction has dropped so low that there is little to no opportunity to build homes going foward as construction rates continue to drop from record low levels.....

We only care about how much money we accumulated as a proximate result of our nation bankrupting the next generation.....

It is interesting......the selfishness of Generation Debt.......borrow, borrow, borrow.....spend, spend, spend.......and pretend that we are entitled to a "happy" retirement?

Retirement on what????  A bunch of unemployed broke kids servicing their retirement.  Fat chance.

Now Generation Debt, through its aging policians, is borrowing even more money simply to maintain the illusion of prosperity.....while the bankers are cutting off our youth and the private sector from credit shutting down the nation......

Under the current plan.....the outlook for our kids is bleak at best and downright ugly in reality.  There are very few jobs.....the pensions they are funding are broke.....the social secuity they are paying into is insolvent.....and the homes they are buying are crashing in value as cities fall into disrepair.

But no one cares.....all the Fools care about is the Ticker.....Who gives a damn about the next generation when Fools can play with their ticker.......who gives a damn that the next generation is facing financial hell...... when it was they that remained silent as their generation prospered from a debt orgy........a generation that borrowed more than 10X the combined borrowing of all generations theat preceeded them.

YOU THINK THE KIDS WANT TO SERVICE YOU GOING FORWARD LIKE WE SERVICE THE PRIOR GENERATIONS.....?

YOU THINK THEY WILL WANT TO BUY THE HOMES YOU WANT TO SELL TO THEM?

OR YOUR STOCKS OR BONDS?

Shame on you sheep.......you just didn't care......all you cared about was yourself. your perceived retirement and your ticker......and, in the process, you destroyed the current system for the next generation.

You think the next generation is going to accept your money to service you? when that money simply came from the debt you created?......and they don't have access to credit?

Your silence will be the sword that sentences you to your own slavery.

You didn't care about the next generation........soon, you will learn they don't care about you either.

Watch how angry our kids will get when they learned WE bankrupted them.......in just one generation......the generation that inherited the most prosperous nation in human history.

AND THE FOOLS GOT MAD AT ALSTRY.......YOU SHOULD HAVE LOOKED IN THE MIRROR FIRST.  SHAME ON YOU SHEEP.....WHAT TOOK MANY GENERATIONS TO BUILD.....YOU DESTROYED IN ONE.....JUST SO YOU COULD PLAY WITH YOUR TICKER......

Land of Opportunity Running Out of Opportunities

Miami Dade Personal bankruptcies rise 74%

Property Tax Hikes in NJ will hit 23.5% Factoring in loss of Rebates

Pennsylvania's capital of Harrisburg to Default as Localities Struggle

 

6 Comments – Post Your Own

#1) On September 06, 2010 at 9:48 AM, alstry (34.92) wrote:

Now the only question is whether we send our kids to war so they are distracted and have something to do....other than go after us?

Gates Warns US Troops of 'More Tough Days' Ahead in Afghanistan

And for those sheep that focus on speling and themselves......maybe you should start thinking about the kids....

without kids......you have no ticker.....retirement......or purpose for your wealth.

Report this comment
#2) On September 06, 2010 at 12:42 PM, alstry (34.92) wrote:

It looks like the answer is becoming clearer and clearer....

Sources: As Many as 2,000 More Troops May be Going to Afghanistan 

Just so you sheep can keep borrowing money to make money teaching children with disabilities who little prospects for jobs.....keep building homes we don't need....and fantasize about an insolvent retirement......

It is amzing what can happen to a country when a generation only thinks about itself and not its children......

Report this comment
#3) On October 21, 2010 at 11:56 PM, garcia1icon (< 20) wrote:

Good and useful Information which is helpful to each and eavery one. It has become very easy to borrow loans these days. As we keep on spending we find ourselves swimming in the pool of debt.Its very important to follow the principle of debt management in order to get rid of debt problem and become debt free.

-------------------------------

Debt Counseling 

 

Report this comment
#4) On October 24, 2010 at 8:42 AM, joyDX (< 20) wrote:

really it's good information that helps people who are finding difficult in debt thanks for your blog.

********

joy

http://www.fewerdebts.com 

Report this comment
#5) On October 24, 2010 at 8:48 AM, joyDX (< 20) wrote:

really it's good information that helps people who are finding difficult in debt thanks for your blog.

********

joy

Debt Counseling

Report this comment
#6) On March 22, 2011 at 2:17 AM, scottbed (< 20) wrote:

good

Report this comment

Featured Broker Partners


Advertisement