By Elois Zeanah
President Obama’s plans to legalize illegal immigration reminds me of the TV game show “Pass the Buck” which premiered in 1978: It relied on luck, instant decisions under pressure, and players risked losing everything. “Pass the Buck” lasted only 13 weeks and dissolved into the long-running game show, “The Price is Right”.
Let’s hope Obama’s shortsighted vision to pass the buck to young people with illegal immigration will also fizzle and get the boot by voters, so that we can return to “The Price is Right”. Otherwise, the same young voters who put Obama in office will ironically pay for his folly, forfeiting family income that should go to improve their quality of life to burdensome taxes to pay for the past generation’s free ride.
Economic Impact of Passing the Buck to Our Kids and Grandkids is a Moral Issue
It is immoral to pass the buck to our children and grandchildren to pay our debt and steal their quality of life even while they are in diapers and before they grow up to earn their first pay check. It is our duty to protect our children and grandchildren in every way – including their economic future and freedoms.
How narcissistic and reckless to force our children and grandchildren to forfeit their future family income, that should go to improve their quality of life, to burdensome taxes to pay for our generation’s free ride!
Even as the federal government is debating NOW how to avoid an immediate debt default, we’re talking not about reducing the principal of our debt that will pass to the next generation, but about defaulting on the interest payments. Interest payments on the U.S. debt is $29 billion a month. There is no plan and no way in sight to start paying down the $14 trillion debt (which does not include trillions more in unfunded liabilities).
Consider the Tragedy This Generation is Forcing on Young People
Let’s face the tragedy that this generation is forcing upon our children and grandchildren by considering this scenario. A 30-year-old daughter’s parents are retiring. The parents have worked hard and scrimped all their lives to live their last 20 years in retirement in comfort. After all they deserve it! They’ve been fiscally frugal their whole lives and have sacrificed to give their children more than they had growing up. Their children are now grown and on their own.
Now that the parents have retired, they decided their money has been reduced in value by inflation and while they can live a comfortable lifestyle in retirement, they decided they’d like to live a more luxurious lifestyle instead. The parents have a great credit rating, so what’s stopping them? After all, America has become an entitlement society, so why should they not have everything they want even if they can’t pay for it when so many other people do? So they buy their dream by borrowing far beyond their means!
This Generation is Passing the Buck
In this scenario, when the 30-year-old daughter’s parents die, she expects to live a similar comfortable lifestyle as her parents, but she discovers to her dismay, her parents passed the bills for past pleasures to her.
Alarmed, she wrestles with the reality that not only will she not inherit money from her parents, or be able to have the freedom to pursue her dreams with her own money, or be able to provide for her basic needs without considerable sacrifice, or to help her children achieve more than she did or give her children the benefits equal to what she had had growing up. Instead, she is worse off than her parents were and will have to spend almost every penny she earns to pay off her parent’s debts. Horrified, the daughter wonders how her parents failed to see through the high-falutin’ illusion of their retirement while there was still time to change the outcome.
This is analogous to the entitlement mentality of illegal aliens and those who support them. Illegal immigrants are not entitled to other people’s money and to put our own poor people as well as future generations at risk financially.
Today’s Young Generation will face this dilemma unless enough young people and their parents slow down the gathering storms that could overshadow the future adult lives of today’s young people. We, the Older Generation, are the guardians of the American Dream and of our children’s well being, and it’s our responsibility to safeguard our children’s future.
How can people sleep at night and suggest that government borrow more money we don’t have? We must pay back money hundreds of billions of dollars every year in money we don’t have to give to people who break our law; who throw the balance of our immigration law out of whack and make immigration work against us, not for us; who take money intended for the poorest among us; and who run up our indebtedness that our children and grandchildren will have to pay, while enjoying none of the benefits?
How can President Obama’s conscience allow him to continue to talk about more borrowing and more spending while passing the buck to today’s young people who will have to deal with his reckless spending? He has in three years raised our national debt by four trillion dollars. If he succeeds in giving amnesty (a path to citizenship) to 11 million illegal aliens, he will borrow and spend another additional trillion dollars every year forevermore — of someone else’s money: our kids and grandkids. This is immoral!