informationliberation
The news you're not supposed to know...




An Introduction to Austrian Economics: Understand Economics, Understand Everything
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Article posted Sep 05 2012, 12:34 AM Category: Economy Source: Sheldon Richman Print

Medicare Is Doomed

by Sheldon Richman

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.

Full Article »





Latest Economy
- Meet "Lowflation": Deflation's Scary Pal
- GM, Product Safety, and Death
- Is College A Waste Of Time And Money?
- Austrians and the Private-Property Society: An Interview with Hans-Hermann Hoppe
- We Do Not Live in a Post-Scarcity World
- A List Of 97 Taxes Americans Pay Every Year
- Government "Services" Explained In Under 30 Seconds
- The Truth About Banking, Busts and Bailouts









Comments 1 - 2 of 2 Add Comment Page 1 of 1
Anonymous

Posted: Sep 05 2012, 10:06 AM

Link
98150 Meanwhile, back in reality audits show we the taxpayers gave out 16 TRILLION dollars to banks and corporations, both foreign and domestic, with the bailout of 2008.

So pray tell, what's more damaging to our society and burdening our tax payers? The system Medicare, which is used to allow millions of Americans who are on fixed income the ability to enjoy a standard of living most would consider "lower middle class".

Or

A system of corporate welfare, where the taxpayers are bled dry to the tune of trillions all to fatten the paychecks of CEOs? Such a sick world we live in where the focus is on taking away from those who need it the most, while we ignore the main problem of giving away 100x that to those who need it the least but control the political process as well as the media.

Wake up people, stop fighting each other over "social welfare" and realize corporate welfare causes a much bigger burden to the taxpayers without any benefit to them. We need to stop being such sociopaths who can't handle seeing those in need "get a handout" when those who don't need "get many handfuls" from the same till.
Chris

Posted: Sep 05 2012, 11:22 AM

Link
Medicare is a welfare program to doctors and the health care industry, it's just the spigot is now running dry.

The problem with all these welfare schemes, from corporate welfare to social welfare, which is really also corporate welfare, is that they're funded through extortion. You cannot call something a "service" if you're forced to pay for it and thrown in jail and or shot if you refuse.

Government spending on the whole is the equivalent of going to Costco, then having the store charge your credit card against your will for all sorts of things you don't need, buying things for other people on your tab, all while holding you at gunpoint and telling you "if you disagree, then lobby to vote us out in two or four years."

Well, the tab is some $250,000 per person now, I think you'd have to be crazy to defend such a practice. How many people in their private lives take other people's credit cards, charge things to them against their will, then scold the person for complaining by saying "they need to sacrifice for the great good," meanwhile they keep running up your tab, and when you call the police, they come and beat you up and let them go free?


Add Comment
Name
Comment

* No HTML


Verification *
Please Enter the Verification Code Seen Below
 


PLEASE NOTE
Please see our About Page, our Disclaimer, and our Comments Policy.


FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy



Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

Woman Walking On "Wrong Side Of The Street" Tackled & Arrested For Not Submitting To Cop - 04/14NH Cop Faces Trial After Viral Video Showed Cops Slammed Man's Head Into Wall, Maced Him & Laughed About It - 04/15Cop Swerves His SUV Into Longboarders To Enforce $35 Bylaw Violation - 04/14Cop Pleasured Self After Forcing Woman To Strip With Threatens Of Prison, Got Secretly Taped, Sentenced To Six Years In Prison - 04/15TSA Ejects Mute, Disabled Woman From Flight Because She Couldn't Speak - 04/15Illinois Cops Caught Red-Handed Lying Under Oath In Marijuana Case - 04/16Justice Stevens Proposes Gutting The 2nd Amendment - 04/15The Disturbing Truth Behind Your Next Income Tax Return - 04/07

Rialto, CA Police Made to Wear Cameras, Use of Force Drops by Over Two-ThirdsCop Who Karate Chopped NY Judge In Throat Gets Off Scot-FreeFlorida Cop Smashes Compliant Woman's Face Into Car -- "Maybe Now You Can Understand Simple Instructions"VIDEO: Lapel Cam Reveals A Day In The Life Of A U.S. Police Officer (Tasing, Beating, Breaking & Entering, Stomping On Heads... and Laughing About It)Caught On Tape: Officer Sucker Punches Inmate In Face, Files Report Claiming 'Self Defense'Insult Person On Twitter, Go To JailSWAT Team Brings TV Crew To Film Raid Against Threatening Internet Critic -- Raids Innocent Grandma InsteadCop Karate Chops NY Judge In The Throat
(more)

 
Top