Well before 2050, Social Security, Medicare and Medicaid will take up nearly the
entire federal budget. By then, 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.
It has made a bankrupt system for us
and our descendants. Solutions can only involve less services,
reduced benefits, rationing and higher taxes, as well as inflation we
have never experienced before. (See the Earl J Weinreb NewsHole®
comments.)
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