The Dismal Medicare, Medicaid and Social Security Outlook

                       

By 2050, Social Security, Medicare and Medicaid, will take up nearly the entire federal budget. By 2080, Medicare alone will comprise the entire federal outlay.

                       

There will have to be drastic corrections done by our politicians but many, primarily on the left, prefer to defer taking on the problem. It does point up government stupidity today, created for us, our children and grandchildren.

Solutions can only involve less services, reduced benefits, rationing and the ever-looming threat of higher taxes, as well as inflation we have never experienced before. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)