Trustees of the programs said Tuesday that Social Security will start paying out more in benefits than it collects in taxes in 2016, one year sooner than projected last year, and the giant trust fund will be depleted by 2037, four years sooner.
Medicare is in even worse shape. The trustees said the program for hospital expenses will pay out more in benefits than it collects this year and will be insolvent by 2017, two years earlier than the date projected in last year's report.
Will they dare try to ram socialized medicine down our throats on the heels of this news? More importantly, will we stand for it?
They almost have to go for the health care overhaul first, because the tax increases that will be required to keep Social Security and Medicare solvent will break the backs of the populace. If the health care is a fait accompli before they stick us with the other new taxes, there's no turning back.
All I want is the option to opt out of the whole damned mess. Let me keep my money and worry about my own future...even at this late date, there is no doubt in my mind that I can do a better job of it than these buffoons.
"Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves." --Ronald Reagan
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