It’s simple really. We’re in debt because we didn’t “pay as we go”.BBSAM is. Ironic that working people's taxes pay for welfare but he doesn't want same people to get anything.
Well we did “pay as we go” but then we “ran the credit card up”.
So in essence we saved for our retirement (social security commitments) and decided future generations should pay for what we didn’t want to.
We loved the politician that offered low taxes and “others will pay” or “voodoo economics” that would magically fix everything.
Well, here we are. $23 trillion in debt and counting. And you want future generations to pay? Why not stop all SS payments and put it toward lowering the debt? I mean it’s not mandated by the constitution. It’s not essential. Oh. Politicians lied? You can’t have your cake and eat it too?
The real question is, why would you believe such BS? Probably only because they told you what you wanted to hear.