Kathianne
12-24-2012, 12:17 PM
http://www.usatoday.com/story/opinion/2012/12/23/debt-millennials-fiscal-cliff-unemployment/1788287/
Letters to the editor:
In a commentary piece "We didn't start the fire (http://www.usatoday.com/story/opinion/2012/12/12/fiscall-cliff-millenials-national-debt/1761739/)," millennials Nick Troiano and Ryan Schoenike offer a glimpse into what's in store with the "fiscal canyon." What's perhaps saddest about their generation's predicament, added to the massive government debt being handed down, is the lost hope and promise that new grads infuse into the workplace as they embark on their careers.
What has united generations of the past century-plus is the sense that those who make it work hard well before they've made it. But with these monstrous financial constraints and towering debts lurking, it's difficult to foresee a future where young people can invest their time, money and other resources into projects — or education, for that matter — that might take awhile to sprout. For many young workers, there's a strong feeling today that they never had a chance at success. What can be worse than that?
Danny Groner; New York
According to the Urban Institute, two married 66-year-olds, with average earnings over their lives, will pay about $122,000 in dedicated Medicare taxes through the payroll tax. This couple can expect to receive about three times as much, $387,000, adjusted for inflation, in benefits.
As the liberals state often, people need to pay their fair share. We have a spending problem in the USA, not a taxing problem.
Peter Linstroth; Edina, Minn.
Letters to the editor:
In a commentary piece "We didn't start the fire (http://www.usatoday.com/story/opinion/2012/12/12/fiscall-cliff-millenials-national-debt/1761739/)," millennials Nick Troiano and Ryan Schoenike offer a glimpse into what's in store with the "fiscal canyon." What's perhaps saddest about their generation's predicament, added to the massive government debt being handed down, is the lost hope and promise that new grads infuse into the workplace as they embark on their careers.
What has united generations of the past century-plus is the sense that those who make it work hard well before they've made it. But with these monstrous financial constraints and towering debts lurking, it's difficult to foresee a future where young people can invest their time, money and other resources into projects — or education, for that matter — that might take awhile to sprout. For many young workers, there's a strong feeling today that they never had a chance at success. What can be worse than that?
Danny Groner; New York
According to the Urban Institute, two married 66-year-olds, with average earnings over their lives, will pay about $122,000 in dedicated Medicare taxes through the payroll tax. This couple can expect to receive about three times as much, $387,000, adjusted for inflation, in benefits.
As the liberals state often, people need to pay their fair share. We have a spending problem in the USA, not a taxing problem.
Peter Linstroth; Edina, Minn.