Medicare Is Doomedby Sheldon Richman
Sep. 05, 2012
1.Trump Rips Bill Kristol: "All The Guy Wants to do is Kill People and Go to War"
2.Migrants Thank 89-Yr-Old Austrian Man Who Gave Them Euros by Robbing Him
3.UK Home Secretary Theresa May Hails "Benefits" of Sharia Law
4.The Huffington Post Is What Happens When There's No Men In The Room
5.VIDEO: Anti-Trump Protester Spits on Asian-American Trump Supporter
6.Angry Birds Movie is Red-Pilled Anti-Immigration Propaganda
7.VIDEO: Trump Mocks Journo Who Says Calling Elizabeth Warren "Pocahontas" is "Very Offensive"
8.Is This The Most Fail Interview Of All Time?
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.