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

Austrian Economics: Understand Economics, Understand the World
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
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
- How Much Longer Can the U.S. Economy Bear the Burdens?
- Realtor: 'Paranoia' Driving Wealthy to Buy Homes in New Zealand
- The Death Of The American Dream In 22 Numbers
- Why Has Day Care Become So Unaffordable?
- Obamacare Program Costs $50,000 For Every American Who Gets Health Insurance
- Radical Leftists Win Election In Greece - Future Of Eurozone In Serious Jeopardy
- Are Falling Prices a Bad Thing?
- London Mayor to Pay 'Six-Figure' American Tax Bill

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

Posted: Sep 05 2012, 10:06 AM

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".


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.

Posted: Sep 05 2012, 11:22 AM

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


Verification *
Please Enter the Verification Code Seen Below

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

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


Remember Me
Forgot Password?

Another Reason Uber Gets Banned: DUIs Are An Essential Revenue Stream - 01/29Video: Americans Want Obama to Repeal the Bill of Rights - 01/26Dash Cam Video Shows Seattle Cop Falsified Charge Against Elderly Man Walking Down Street - 01/29Police Label Hippy Group Whose Message Is "Peace & Love" 'Domestic Extremists' - 01/30New Mexico Grand Jury Finds Police Shooting Unjustified, DA Refuses to Prosecute - 01/30Quebec Woman Suing Cop Who Left Her Locked In Back Of Police Truck With Man Who Ended Up Raping Her - 01/31Canada Unveils New Anti-Terrorism Bill That Moves for 'Unprecedented Expansion of Powers' - 01/31Ex-Gf Of Seattle Cop Says She Smoked Pot Stolen From Evidence, Referred To Blacks As N*****s - 01/31

Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands Up