In 2009 alone we had $107 trillion worth of unfunded liabilites, 10 times our national debt. Unfunded liabilities are the difference between the promised benefits of current and future generations and the amount of taxes and Medicare premiums collected. How long will the American people, especially the younger generations, allow blatent stealing of their money for programs they’ll never benefit from anyway? I haven’t met anyone who is complacent about money they’ve rightfully earned, yet most people still don’t bat an eye when looking at their paychecks. Is it based on a blind faith that government will always provide? Whatever the reason may be, something must change. The sooner the better.
This article from the National Center for Policy Analysis is a great tool for anyone interested in arguing why Medicare or Social Security should be scrapped.Published in