California’s government diverts resources from young people to special interests. As an example, in 1999 its state legislature and governor granted a massive unfunded retroactive pension increase to state employees. Since then, annual pension spending has grown nearly 1000 percent, and that doesn’t count nearly $10 billion in supplemental pension spending. The federal government behaves similarly. According to the Committee for a Responsible Federal Budget, President Biden’s proposed budget for the 2023-24 fiscal year would grow federal debt by $19 trillion to $43.6 trillion by 2033, rising from an already-dangerous 98 percent of GDP to a record 110 percent, threatening the security of our descendants.
No Country For Young Men
No Country For Young Men
No Country For Young Men
California’s government diverts resources from young people to special interests. As an example, in 1999 its state legislature and governor granted a massive unfunded retroactive pension increase to state employees. Since then, annual pension spending has grown nearly 1000 percent, and that doesn’t count nearly $10 billion in supplemental pension spending. The federal government behaves similarly. According to the Committee for a Responsible Federal Budget, President Biden’s proposed budget for the 2023-24 fiscal year would grow federal debt by $19 trillion to $43.6 trillion by 2033, rising from an already-dangerous 98 percent of GDP to a record 110 percent, threatening the security of our descendants.