Episode 58: Federal Spending Is Out of Control
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The Future Can't Be Put Off Indefinitely
James Carville: The future can't be put off indefinitely. At some point, we reach it and at that point, we are now the people who have to pay. If you've saved up a bunch of money and you're now trying to live on that in your retirement, what you're finding is that every year that goes by, your nest egg declines in value by 6 to 9%, simply because of the inflation. This is a net tax on savers. And if we have bad economic policies too, we're very likely to see the same sorts of things, if not exactly the same things down the road.
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