I just added ParaPundit after I swooned over this graf:
There will be no big reform of Social Security or Medicare. These programs will be managed in crisis mode with growing numbers of retirees voting to increase taxes on those who are still working each time either program starts to run out of money. There will be rises in the eligible retirement age. But those rises will come too late to prevent a long running crisis in old age retirement program funding as the pyramid scheme becomes unsustainable.Well put.
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