Wednesday, August 29, 2012

If Congress And The President Were All Only Democrats, Medicare As We Know It Will Still End

From TownHall.com, "Entitlement Reforms" by Thomas Sowell:
If there were not a single Republican, or none who got elected to any office, arithmetic would still end "Medicare as we know it," for the simple reason that the money in the till is not enough to keep paying for it. The same is true of Social Security.

The same has been true of welfare state programs in European countries that are currently struggling with both financial crises and riots in the streets from people who feel betrayed by their governments. They have in fact been betrayed by their politicians, who have promised them things that there was not enough money to pay for. That is the basic problem in the United States as well.

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