The legal challenges that would ensue will prevent these 'unfunded' liabilities for disappearing. Some may be reduced to a degree, but a lot of the contractual obligations will never go away.
Posted on 11/05/2011 12:06:39 AM PDT by RobinMasters
The truth is that when the left gets on a class warfare jig, anyone who earns any money is eventually considered “rich” and up for heavy taxation.
All failure faces in the country get a whole party in power playing to loserville. All failure is blamed on those who are taxed.
Eventually the working poor and middle class realize that the government is the collector and distributor of the taxes and they never see a dime of it coming back to them. They never qualify for any of that “wealth transfer.”
The legal challenges that would ensue will prevent these 'unfunded' liabilities for disappearing. Some may be reduced to a degree, but a lot of the contractual obligations will never go away.
More likely, they’ll simply disappear through “attrition” . . . as thinly-disguised euthanasia policies at government-funded hospitals substantially reduce Social Security and Medicare outlays in the future.
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