Friday, January 9, 2009

You Should Read This Today

if nothing else. Obama's mention of SocSec and Medicare yesterday has upset a lot of people, including me. What's up that, huh? The comments on this post are enlightening and I'm all the sudden not so worried.


Social Security and Medicare are promises, not entitlements.  They are part and parcel of the societal compact we have crafted over 230 years of contest and compromise.  ...
If anything, they are woefully underfunded.  They need to be bigger.  They need to be a Pension and Health Care System that lets all of us plan for and live a decent life.  Properly managed, a pension and heath insurance system for 300 million can pretty much pay for itself.  Lift the cap on Social Security contributions, set taxes back to what they were when Reagan left office and we can have both of those programs as far as the eye can dream.

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