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The Promises That Cannot Be Kept

Original post made by Time to get serious on Jul 6, 2011

I know we are all hoping that the economy truly turns around and things get better. But even if it does, we as a society are faced with an enormous title wave of obligations that will swamp any reasonable rosy projection.

Either we get real now regarding the changes that need to be made or it will be forced upon us by the financial markets. There is no way to opt out of this. The longer we wait, the greater the burden we will put on future generations which is morally wrong. I found the following Zero Hedge blog posting on the topic insightful:

The Promises That Cannot Be Kept

The government's promises, for pensions and healthcare and everything else, cannot be kept. We as a nation will eventually have to have a truthful conversation about that reality.

The fact that the Federal government cannot possibly fund the entitlement/ benefit programs that have been promised to the citizenry is well-known, but remarkably unwelcome.

Web Link

Comments (27)

Posted by kyle, a resident of Another Pleasanton neighborhood
on Jul 6, 2011 at 9:26 am

" a truthful conversation about that reality"

These words sound so good. But so do cheer-leading whoops and hollers at a game. The fact is that most people and politicians are duplicitous in their quest in safeguarding our feature.

Let's take for example, Michelle Bachman. Now, there's a person who SEEMS to make sense, right? She points her finger at the Big "O" Bogeyman and says entitlements are a big NO-NO!

Wait! Yet, on the other side of her tongue she is collecting farming subsidize, federal funds to run her husbands clinic, and government funds to raise foster kids. If that's not enough, she lies about it. And she's the hero of the fiscal conservatives, you know the ones that say all the last 20 years of fiscal irresponsibility are, you got it, the Big "O" Bogeyman. How simplistic, so quaint. So cheerleader-esque. That's right just SAY ONE THING and DO ANOTHER. Yep, let's get a Bush-look-alike back in the office so duplicity and forked tongue politics can come back to ravage our existing life. At least that big bad bogeyman ("O") won't come back to the Woolworth counter asking to be served coffee.

Posted by Time to get serious, a resident of Another Pleasanton neighborhood
on Jul 6, 2011 at 9:33 am

Kyle - it would be great if we could stay focused on the topic. I don't have much respect for politicians on either side of the isle.

This is a huge problem regardless. It is time for us as a society to mature and face the reality. Only then can we hope to derive an appropriate solution.

Posted by kyle, a resident of Another Pleasanton neighborhood
on Jul 6, 2011 at 12:10 pm

Excuse me Time, but where did I get off point. Your point is to mature and face reality. My point is that everywhere you look the opposite is true. I am stating the obstacle in achieving your goal. I'm also giving you a hard-core sample of deception occurring right NOW, under the guise of righteousness and religious morality (God spoke to her personally. I guess that includes the lying part).

My point, and the on-point morale of the story, is that to be mature one must act maturely. Now go look at the post above yours about the murder of a child is actually a democratic dream come true because they are pro-choice. And if your stomach doesn't sicken like mine did over the pathetic minds that think these things, tell me I am not at least on-point about the huge obstacle of mental depravity in achieving your goal of maturity.

Posted by Time to get serious, a resident of Another Pleasanton neighborhood
on Jul 6, 2011 at 12:42 pm

Kyle - you must be mixing this blog with another. Not sure where you are coming from on this one.

Again, the major point is that we as a society have promised things where there is no hope to follow through on those promises. So it is time to face reality and start making the hard choices we have avoided for so long.

Posted by comment, a resident of Another Pleasanton neighborhood
on Jul 6, 2011 at 12:51 pm

To "Time to get serious",

You are right. There is no way to meet our Medicare, Medicaid and Social Security obligations without raising taxes. We have to start talking about raising taxes.

Posted by Casey, a resident of West of Foothill
on Jul 6, 2011 at 3:04 pm

Yes. Beware the Title Wave.

"Michele Bachmann sounds good." Um, no. Only to an uneducated idiot. But don't fret about it; you're in good company with some of the other posters here. (Apologies in advance to 'Comment'.)

Posted by Blamer, a resident of Dublin
on Jul 6, 2011 at 3:48 pm

Seems like there is a solution to our problem. Each is a swing state not always blue or red.

QUESTION: In order to reduce the national debt, would you support or oppose raising taxes on those with incomes over $1,000,000 a year?

Ohio 78% support 21% oppose
Missouri 76% support 22% oppose
Montana 77% support 21% oppose
Minnesota 79% support 19% oppose

Web Link

Posted by Leland, a resident of Happy Valley
on Jul 6, 2011 at 3:56 pm

Hold on there, Blamer. You're bringing this a little bit too close to home. I've employed my own pollsters to show just the opposite. 90% of voters are against taxing the rich. It's true. Watch Fox or listen to Rush or Hannity on any of my radio stations. At any rate, I can't believe that Americans are such suckers that they'd be for taxing my Daddy's wealth.

Posted by Blamer, a resident of Dublin
on Jul 6, 2011 at 4:25 pm

You mean you don't even have a Fox Rush or Hannity transcript to quote for us? I am to believe YOU, are an open and honest broker of fixed views? Can you link me your source directly or are you repeating what you think you heard from Beck before everyone realized he was just making things up? Not like Fox Rush and Hannity, well sometimes like...

Posted by Time to get serious, a resident of Another Pleasanton neighborhood
on Jul 6, 2011 at 6:10 pm

I agree tax rates for the most wealthy needs to increase.

But do you realize that even if you took tax rates to 100%, it wouldn't cover the coming obligation burden. In fact, if you confiscated 100% of their wealth, you still wouldn't come close to covering the $100 Trillion obligation.

So what are we going to do as a society? As the blog and supporting information highlights, we have promised much more than we can deliver.

When do we start getting honest with ourselves and what is going to give?

Posted by Achilles, a resident of Foothill Farms
on Jul 7, 2011 at 7:26 am

100 trillion??? 100 trillion??? You've gotta be kiddin' me. The entitlements to the entitlement people are at least 6 godzillion and rising in a vast title wave as we speak. Wake up people. Let's be honest like me an' Time to get serious. We've got the facts on foot.

Posted by Time to get serious, a resident of Another Pleasanton neighborhood
on Jul 7, 2011 at 7:41 am

It is sad that this topic gets ridicule from those that want to see the entitlement train continue and silence from those that will pay for these entitlements (and future generations don't yet realized how seriously thye are being shafted).

If this is our continued response, we as a country deserve what is coming. This past financial crisis is nothing compared to what is coming. Just ask Greece about how they feel about losing their sovereign rights to others.

Posted by Herman, a resident of Deer Oaks/Twelve Oaks
on Jul 7, 2011 at 7:52 am

@ "future generations don't yet realized how seriously thye are being shafted"

The problem isn't entitlements. It is ignorance and idiocy as exemplified in the above. So many of the posters here give pathetically strong evidence of having been poorly educated. Sad. But democracy is about giving everyone their say, even the barely literate.

Posted by Time to get serious, a resident of Another Pleasanton neighborhood
on Jul 7, 2011 at 8:00 am

Give me a break - one small typo and now you classify me as being illiterate - LOL. Your hypocrisy is simply breathtaking

You exemplify the left attitude that turns off so many independents like me. Good luck getting Obama re-elected without us.

But once again, this is another example within a long line of diversionary tactics so the heart of the matter won't be discussed. Must be a sign of how bankrupt your position on the entitlement matter is.

Posted by Henrietta, a resident of Del Prado
on Jul 7, 2011 at 8:08 am

I like entitlements. Everyone deserves one. Public education. Health care. Unemployment compensation. Social security. Today's entitlements are tomorrow's rights. I'm very educated. Honest.

Posted by Greece Please!, a resident of Another Pleasanton neighborhood
on Jul 7, 2011 at 9:07 am

Who pays when all entitlements become rights? Maybe Greece has the answer? ;-)

Posted by Blamer, a resident of Dublin
on Jul 7, 2011 at 12:43 pm

Conservatives, why is it you have such a difficult time providing the rest of us with the source of your facts?

The wealth in this country have never had it so good. They whine about the least of us and pretend the poor are acting entitled. The entitled are those who look to shave maximum profit off every aspect of the American experiment.

The entitled are those who hide their behavior behind the unaccountable shield of corporate bureaucracy.

Posted by Read the post, a resident of Another Pleasanton neighborhood
on Jul 7, 2011 at 3:07 pm

Blamer - I suggest you actually read the blog post that Time referenced in his first post. There are plenty of sources for the numbers being quoted (many of them government).

All this ranting about wealthy and their wealth and how unfair that is. I think the point here is that even if you confiscated all their wealth, there still wouldn't be enough money to cover the obligations for promises to date.

Posted by Choices, a resident of Another Pleasanton neighborhood
on Jul 7, 2011 at 11:19 pm

I'm always shocked at the fueling of class envy. The greatest thing about this country is the ability CREATE something, RISK everything, WORK it, and reap rewards. We'd all like to do that. Many aren't smart enough, afraid to risk everything, or don't work it enough to reap the rewards. But, why should be single that group out to dump on.
We do need to get back to individual when our aunts & uncles took care of their parents, instead of pushing off on taxpayers, And, when parents cared for the children they bred. Don't forget our income tax didn't start until 1913. We use to be able to save to help our own kids to go to college, and to save for downpayment. Then Johnson's Great Society created programs and a number of taxes to stick to the nation's producers, but programs to help raise kids for those who just breed, but not provide for.
Now with reduced funds, INSTEAD helping our own, our earnings are to be spent on what's now called the UNDERclass, telling our own kids..tough, you don't get to go to college, because you have a Dad, so step aside, the ones without Dads are the lucky ones, because I must give them the free rides. It's all screwy. Why can't we ALL assume responsibility for ourselves, and not have to take care of others until our own kids are provided for. And, why don't parents know that being 70 comes after being 60....and plan accordingly....I'm working hard to not become a problem to others....why can't others do the same. Choices, choices, choices.

Posted by Leland, a resident of Happy Valley
on Jul 8, 2011 at 7:09 am

Well, it's nearing that point in the day when I have to do my 4-hour stint sweeping floors ... NOT. I'm sorry if I can't help crowing a little about my privileged position. Show that you can kiss up enough and I'll consider having one of my employees hire you, starting at minimum wage on a part-time basis, of course, as I don't like having to hire my employees on a full-time basis. Too much paperwork caused by govt regulation.

Posted by Choices, a resident of Another Pleasanton neighborhood
on Jul 8, 2011 at 9:31 am

Leland, small, Main street companies ARE SUFFERING ! ! !
I'll keep it simple for you, since you're only into childish fairy-tales, and have trouble facing reality.
Today, Friday, July 8 the new UNemployment number nationally is 9.2%.
There's a whole lot of suffering that isn't going to get better. My son is 52, so may never be working again..he hasn't had a paycheck i 12 months, and his only savings for his retirement disappeared in those 12 months.

Posted by Disgusted and then some, a resident of Avila
on Jul 8, 2011 at 12:30 pm

Well Choices, your son might be a 300+ lb. smoker who can barely make it from couch to refrigerator. Or maybe he's poorly educated. Or maybe he's really just a lazy slob who wasn't parented properly. Good thing the Dems overcame the Repubs efforts to stop his unemployment check from coming in, yes? Or was he fired for being a lazy slob and so is ineligible? I feel so badly for main street companies suffering so badly -- much more so than the number of homeless out on the streets or the number of American workers who lost their jobs because hallowed corporations moved their operations off shore. I don't think it's at all disgusting that someone would use his son as a pawn to make a cheap ideological point. Maybe you might suggest that he get off his keester and wash windshields; or maybe volunteer at Red Cross until something opens up. But, no, he probably spends his time posting here like his self-motivated pop.

Posted by Agree with Choices, a resident of Another Pleasanton neighborhood
on Jul 8, 2011 at 1:20 pm

Choices - I appreciate your comments and agree with them. No doubt you will continue to get slack from the those that want our current entitlement monstrosity to continue. I suspect they feel it is completely natural and right to abdicate personal responsibility and play the victim in one way or another. It is their expectation that the government will take care of them because they refuse to take care of themselves.

But finally the productive people in our society are standing up and saying "no more".

Posted by Choices, a resident of Another Pleasanton neighborhood
on Jul 8, 2011 at 11:23 pm

Well Disgusted, it must be really quiet in the firehouse. And it's grandma, you a**, but you create your own fiction. And no he's nothing like you. he's 5'11, 190 lbs, well-educated mechanical engineer, who worked for a small manufacturing company that simply started running out of money in '09, and in 2010 went broke and simply shuttered operations.,,,no severance for anybody in the company..he was the best engineer and the last to be let go. He always rode his motorcycle 40 miles each way to work, to save money.
You aren't fit to wipe his shoes, You were 100%..wrong on every item.

Posted by Leland, a resident of Happy Valley
on Jul 9, 2011 at 6:47 am

I think Stan has raised some pretty good points. I wouldn't hire that mechanical engineer. No gumption. Not a self starter. Thinks he has to depend on owners like me for a hand out. If you can't inherit your wealth from you Daddy like me, then you can't just rest on your laurels and ask for private sector handouts. We don't do charity. Sounds like his parents missed the boat with him a long time ago.

Posted by Disgusted and then some, a resident of Avila
on Jul 9, 2011 at 7:13 am

You know what's coming next. (portion removed), and then he's standing in line to collect some form of govt disability check. After all, he's entitled to it. Had he relied upon self motivation he'd have his own company up and running by now. But these types and their parents just sit and stew about how government is victimizing them and how they're entitled to help. Whatever happened to responsibility and accountability? Give me my 300,000.00 paycheck so I can sustain my lifestyle in P-Town. Well let me tell you, it's his constitutional right to starve. Quit expecting govt officials and private sector employers to be your personalized nannies.

Posted by ?, a resident of Another Pleasanton neighborhood
on Jul 9, 2011 at 8:31 am

Boy, it sure seems like the government employee dogs are out thick today. They must be frightened and scared of Choices comments.

Are you scared to live in a world where you can't count on your never-ending dole from the taxpayer? I'm sure you saw the good news in Colorado and other states where it is constitutional to reduce the retirement benefits for current government employees. I'm looking forward to the changes here.

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