If we were creating Social Security and Medicare today, we'd set different terms than now exist. The first baby boomers hitting 60 include Bill Clinton, Donald Trump and Diane Sawyer. It's doubtful we'd provide benefits for any of these wealthy people. Indeed, we'd probably be less generous toward many affluent retirees, because we'd question why age alone (not need) should qualify people for government assistance. We'd also note vast changes since 1935 (Social Security's creation) and 1965 (Medicare's)When you are doing reading this get back you work so you can support George Soros' medical care.
Wednesday, December 28, 2005
The Entitlement Paralysis
Robert Samuelson reports: