“only by a massive tax hike on the next two generations”
I have good news for you. Lowering taxes will bring in more revenue due to increased productivity. There are ways to lower taxes that would in all likelihood more than compensate for current deficits. And fix the job problem.
Conservatism works every time it’s tried.
You need to run the numbers...we would need economic growth in excess of eight percent per year, without a break for 30+ years, to cure the SS/Medicare deficits.
Ain't gonna happen, and I'm sick and tired of using "growth" as a way of pandering to the "don't cut MY benefits" crowd.
My personal idea for solving the Medicare and Soc Sec problems is something like a "Medicare lien". When the amount you've taken out of the system exceeds what you've paid in (with a reasonable allowance for compounded interest) the government gets a claim on your estate for any additional money paid to you or spent on your medical care.