Why not both, you old leetches? After all, your grandchildren are paying the bill.
As Congress and our cowardly Commander-in-Chief prepare to dole out some more of our tax dollars to the nation's wealthiest citizens in the form of a presciption drug benefit, take time to read this report by the Cato Institute.
Here are a few disheartening facts (remember these when you file your tax return):
- Spending on the elderly made up 35% of the federal budget in 2000. That figure will rise to 43% in 2010.
- 70-year-olds now consume more than 30-year-olds.
- 56% of the full income of the elderly comes from transfer payments from the young (you).
- Median net worth of heads of household aged 65-74: $176,300. Aged 35 and under: about $15,000.
Back to work, slackers! Granny needs a new Town Car!
Marc
Posted by thynkhard
at 1:19 AM EST
Updated: Saturday, 1 November 2003 1:24 AM EST
