The public sector institutional collapse approaches. With the help of lies by actuaries, Generation Greed is absconding with all the resource we have, and will have. In the future, the vast majority of taxes, extracted from younger generations and exempting those older, will go to past debts, early retirement pensions, other retiree benefits such as health care, and other services for senior citizens. (Until younger generations face old age in the absence of such services for senior citizens). Other public services and the social safety net will ebb away. Taxes will be paid for nothing, seized with nothing in exchange. And now we have a Democratic State Senator refusing to increase taxes to pay for a government largely operated by taxes, so as not to be associated with the ripoff that it is. After all, his job, pension, his relative’s jobs, and the sinecures of associated people with connections will be the last to go, and his generation’s needs will be taken care of.
The private sector is no different. All our institutions are being drained of all they have, with only IOUs left behind. I suggest reading this article to the end. It is but one example. And there seems to be no stopping it. And no one pays attention until its too late, and at that point they are manipulated to blame other victims.