Medicare Is Doomedby Sheldon Richman
Sep. 05, 2012
Afghan Migrants 'Use Belts As Whips' to Attack Austrians at Christmas Celebration
SHOCK VIDEO: Migrant Kicks German Woman Down Subway Stairs
California Mom 'Kidnapped by Two Hispanic Women, Branded, Starved to Brink of Death'
Hillary Clinton Calls For Censorship Of "Fake News," Says "Lives Are At Risk"
'No! Don't Touch Me!' German Police Release Shocking Footage From Cologne On New Year's Eve 2015
When Democrats accuse Republicans of wanting to “end Medicare as we know it,” they are right. But Democrats do too. “Medicare as we know it” is no longer an option.
Leaving aside Medicare’s fatal moral defect — that it’s coercively funded — the program is doomed. It has tens of trillions of dollars in unfunded liabilities. It threatens working generations with a crushing tax burden. Because of the relative size of the Baby Boom generation, soon there will be only two workers to pay each retiree’s medical bills. Younger people might have other plans for their money.