>>What we are going to have to do about Social Security and Medicare.
This year Social Security pay outs will exceed what is taken in. And, there is nothing but debt in the treasury. Our nation is on the brink of bankruptcy. Our debt is 84% of of Gross National Product. That means that if we could take all the money that changes hands in the form of profits (wages are profits) this year and pay off out national debt it would take 84% of it. Think of it as your pay check or ypou yearly wages if you want. Your bills for everything but food, clothing and shelter (that diamond ring you got your wife, that expensive vacation, those iPod and cell phones and cars for everyone in the family of driving age–all this stuff) takes $84 dollars out of every $100 you earn just to pay off your debt for this things. That leaves you $16 out of every $100 for food, shelter and clothing. This is where our government is right now. The debt for the government is in the form of Treasury Nots (promised to pay or IOU’s) our government has sold to other countries and other entities, even Americans themselves. This debt the government has incurred is now 84% of what the entire nation can make in profits for a year and the debt is growing by the minuteas our government continues to buy those diamond rings!
This is what has to be done and there is no other alternative. We elderly have to bite the bullet the same as our young workers and their families for what our government leaders have led us into. But remember, We the People voted these people in office and now it is time to pay our bills and take our lumps for investing with not our dollars but with our trust in the Ponzi Schemes of Social Security and Medicare.
The solution is simple. Social Security and Medicare are Ponzi Schemes. Or more precisely, Welfare for the elderly. The government has sold the American people a bust just as did Madoff and the people who swallowed the lies unfortunately are going to have to take the loss. The fact is anyone who paid into Social Security has received back every cent put in after only two years of retirement. At that point it becomes welfare—taking money from one and giving it to another.
The Congress is going to have to pick a number and anyone having an income above that number will not receive Social Security. Period! Cut off!
Cut out Medicare. Insists that all people have to purchase their own health insurance. (I sincerely hope for a rational health care reform package based on the Republicans model) Now since health insurance for the elderly is expensive and the government intervention in the health care industry by foisting Medicare on people has made the cost escalate beyond the stratosphere then the government will have to help elderly people purchase their own insurance by putting those who cannot afford it on a sliding scale of support based on their income and costs of the insurance they will have to purchase, and this based on their individual needs. Many in this group will have preexisting conditions. Those on the lowest level of income must be put in an expanded Medicaid. This is a sad adjustment but has to be until it is worked out of existence by the death of the current and some future retirees. With reform the younger workers will have their own insurance as they age and retire. (I would have had my own if government intervention had not priced me out of the market. I hate and resent the fact that my government has forced me to take Medicare because I can not afford the insurance they helped to create! )
This will be a hardship on the elderly and retired for now and into the future, but we have to accept that the burden of carrying us the elderly is a great burden on the young workers today and into the future. We with our voting the wrong people into office who promised us the moon and we blindly followed just like those who invested their dollars with Madoff must accept responsibility for our actions. The young workers didn’t do this to us. No one is going to like this or get the bigger piece of cake. In fact, we are all young and old going to be reduced to crumbs now for the sake of the future of our nation and our children. We created this problem and now we are the ones who must pay our bills and not pass them on to our grandchildren! Oldeer Americans are proud people in the main and they believe in paying their bills. Once they understand what has been done to them and to the future children they will tighten their belts. BB