A one time entitlement assessment
A friend of mine is on the board of his neighborhood’s home owners association. I enjoy listening to his tales of politics on the most privative level. One of the hot topics in his neighborhood right now is a pending $200 special assessment to cover planned improvements. People are absolutely livid about having to pay the fee. Unlike our federal government, the HOA can’t simply go in debt and issue promissory notes for the money; they actually have to collect it from constituents. So what if the federal government issued a special assessment to bring funding for entitlement programs out of the red? It isn’t pretty.
According to the Heritage Foundation it would take a cash infusion of $42.9 trillion to cover promised, but unfunded, benefits for Social Security and Medicare. That is $42,900,000,000,000 for those of you who failed to take advantage of your government funded education. Based on the number of rebate checks expected to be handed out this year there are about 117 million (117,000,000) taxpayers in the U.S.
If every taxpayer bore an equal share of future obligations the amount would come to $366,367 each. That would be one hell of a special assessment.
It is high time for politicians to set aside their vote buying and socialistic dogma and realize that these “freebie” programs are going to be the ruination of this country. What we need are true leaders in elected office who are willing to “fall on the political hand grenade” and sacrifice their political ambition for the good of the nation. In the meantime maybe Sen. Shelby can secure earmarks to research how to attach wings to pigs and we’ll see if pigs fly before politicians fix the pending economic disaster.
It’s kind of amusing (in a sad way) to hear about people accusing HOA boards of “raping” them over a $200 assessment in contrast with the deafening silence regarding the effective $366,667 assessment looming over every taxpayer in the country.
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beautifully (and scarily) put!!!