"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Memo to Baby Boomers:
You are royally f****d.
Eat sensibly, exercise, die healthy.
That’s my plan.
No doubt that Medicare & SS will blow up.
And it won’t be pretty.
There’s an easy solution. Get rid of Medicare all together. If the elderly and disabled can’t afford health care let nature take its course.
Congress can just take out an IOU from Social Security
(you never have to pay it back, no interest), problem solved, as they raise SS taxes from employer/employee.
Medicare: Another Federally-authorized Ponzi Scheme (along with Social Security), for which Judgement Day is approaching.
Not being able to get a reservation at your favorite restaurant on your anniversary is a problem. Medicare is a disaster that could and probably will doom this country.
There are always possibilities. But the obvious one is that the era of profligate government spending is drawing to a close.
In the time of the Great Depression, it wasn’t the massive spending by the “Old Frank” administration that dug the US out of its hole, mortgaging the future to pay for the present. All it accomplished was to keep those devastated by the depression from starving, though that wasn’t bad.
However, by doing so it kept the economy depressed perhaps twice as long as it would have been otherwise. And set the nation into a spiraling economic disaster for the future to solve.
And the future is now.
The old philosophy, of profligate spending, can no longer work at all, because there is no more solid economy it can pawn to pay for itself. It is the pauper who has written a million dollars in bad checks.
Perhaps the only possible solution is threefold. First, for the US to abrogate its foreign debt, ending for a century the willingness of foreigners to invest in America. Second is to change the US Constitution, with an airtight amendment that balances the budget.
And third, and most important. The US government must renege on its unlawful promises to the people. Social Security will revert to its original purpose—a retirement only for those minimum wage workers with no other retirement. Medicare will be returned to the States for private charity hospitals.
Much of the government bureaucracy will cease to exist, eliminated because it has no Constitutional framework. The federal government of the US will spend its money on the national defense and federal police, and only how much or how little it takes in as taxes.
The impetus for this will be an international depression of an extraordinary degree. By abrogating its foreign debt, the US will insulate itself from the melee, and be able to direct the international recovery.
In exchange for its foreign debt, the US will export grain to feed much of the world. We no longer owe them money, but they do not starve, a fair exchange during the crisis.
Most world trade will be for barter, but the vast amount will stop altogether.
Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.
Freep mail me to be added or dropped. See my home page for details and previous articles.
A fairly simple solutions that would have worked if implemented years ago: index to life expectancy. The medical community has done a good of a job in lengthening life which has caused Medicare to pay a much larger percentage of peoples lifetime health cost.
In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants into the program. The hallmark of these schemes is the promise of sky-high returns in a short period of time for doing nothing other than handing over your money and getting others to do the same.
The fraudsters behind a pyramid scheme may go to great lengths to make the program look like a legitimate multi-level marketing program. But despite their claims to have legitimate products or services to sell, these fraudsters simply use money coming in from new recruits to pay off early stage investors. But eventually the pyramid will collapse. At some point the schemes get too big, the promoter cannot raise enough money from new investors to pay earlier investors, and many people lose their money. The chart below shows how pyramid schemes can become impossible to sustain:
Very simple...index the death taxes to the use of Medicare....
uyilgig
I’d like an estimate on the abuses of the Medicaid program.