By
2050, Social Security, Medicare and Medicaid, will take up the
entire federal budget, if spending remains on its present course. By 2080,
Medicare alone will comprise the entire federal budget.
This
projection is unsustainable. There will have to be some changes done
by politicians in office as problems ensue.
The impending debacle does point up the stupidity of those in office
today, who have set forth a path to disaster, for us, our children
and grandchildren.
Congress
and the administration are creating a bankrupt system for us
and our descendants. Solutions will only involve far less services
and benefits, with rationing and much higher taxes, as well as huge
inflation.
We
have never encountered such financial problems before. (See the Earl
J. Weinreb NewsHole® comments and @BusinessNewshole tweets.)
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