Medicare Is Doomedby Sheldon Richman
Sep. 05, 2012
'These People Are Waging War On Us!' Tommy Robinson Schools Reporter At Scene Of London Terror Attack
Anti-Trump Jewish Man Arrested For Spray-Painting Swastikas On Own Home
Erdogan Threatens Europeans: You 'Will Not Walk Safely On The Streets'
Transgender 'Woman' Wins Weightlifting Title, Breaks Records
Rand Paul: 'Somebody Was Spying On The Trump Campaign,' Flynn 'Lost His Job' Because Of It
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.