Free Republic

Here's a sobering economic forecast: If the United States doesn't get control of health-care spending, Social Security and other expanding federal programs in the near term, it will face a financial catastrophe when 77 million baby boomers retire. Such is the dire prediction of Professor Laurence Kotlikoff of Boston University. Similar prophesies have been pronounced over the past decade or so. Unfortunately, Washington doesn't hear - or want to hear - about the potentially devastating impact of long-term obligations involving Medicare, Medicaid and Social Security. Those who could make the necessary changes, such as privatization of Social Security and implementation...