Worse Than The Status Quo
By John Tottie
The single greatest threat to taxpayers and the nation's long-term fiscal health is the explosive growth in entitlement spending. The Bipartisan Commission on Entitlement and Tax Reform concluded in 1995 that unless policy changes are implemented, Social Security, Medicare, Medicaid and federal employee retirement programs alone will consume all federal tax revenues by 2030.
Wrong Solution, Wrong Problem
By Joseph White
What is wrong with the idea that we need to solve the so-called "long-term budgetary problems" associated with Medicare and Social Security?
Only that this demand confuses societal problems with government budget problems, and solvable with unsolvable problems.
We have a social fact: the nation's population is aging. Therefore, one would expect a larger share of our domestic output to go to old people.