Wednesday, July 17, 2013

Entitlement endgame

Here's a guy after my own heart.  Zero Hedge: "The problem with Social Security and Medicare."
I do not object to social spending programs; what I object to is bogus accounting, delusion being fobbed off as reality, waste, fraud, embezzlement, profiteering, saddling future generations with unpayable debts and misleading projections that ignore real-world trends. There is a difference between blindly accepting what amounts to officially sanctioned lies about social programs' sustainability and supporting sustainable social spending.
If I didn't know any better, I'd think this modern-day Cassandra was working for the Social Security Administration:
Lawmakers should address the financial challenges facing Social Security and Medicare as soon as possible. Taking action sooner rather than later will leave more options and more time available to phase in changes so that the public has adequate time to prepare.
One of the trustees of the SSA is Treasury secretary Jacob Lew who is going to do precisely nothing to address the very problem he reports here.

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