A very interesting, serious article on the dire circumstances of the promise of federal entitlements to our population, and the Ponzi scheme facts that THERE IS NO MONEY FOR THEM.
John C. Goodman, President, National Center for Policy Analysis has sad news for us all, especially the baby boomers and their children.
This is a publication of Hillsdale College, which operates without federal funding. The speech was given in Naples, Florida on February 18, 2009 at Hillsdale College National Leadership Seminar.
If you care about yourself, your family, way into the distant future, then you must read this article.
Medicare is broke. Social Security is broke. And the Congressional Budget Office, btw, Democrat controlled, shows that that Medicare and Medicaid are "going to crowd out everything else the federal government is doing by mid-century. And that means everything - national defense, energy, education, the whole works."
Our tax burden by mid-century will mean a middle-income family will have to pay two-thirds of its income in taxes.
When you voted for Obama, did you want for this to happen?
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