Walter Williams claims medicare et al will destroy the country from within
|Yes, you even pay for this guy|
Economist Walter Williams adds his own voice of concern to the whole subsidization of the elderly. They vote in numbers so they have considerable clout, but my future and my childrens future's are laid at the feet of those who are much more wealthy. I always thought that liberals were against tax cuts for the rich, and for progressive income taxes, so why are they so much in favor of the young and poor subsidizing the old and wealthy. As they like to say its a "Robin Hood in Reverse" transfer payment, via Townhall:
Because of failure to heed the limitations of the U.S. Constitution, which has produced runaway federal spending, our nation sits on the precipice of disaster. Former Senator Alan Simpson of Wyoming and Erskine Bowles, White House chief of staff under President Bill Clinton, co-chairmen of President Obama's debt and deficit commission, in a Washington Post article "Obama's Debt Commission Warns of Fiscal 'Cancer'" (July 12, 2010) said that "(A)t present, federal revenue is fully consumed by three programs: Social Security, Medicare and Medicaid. The rest of the federal government, including fighting two wars, homeland security, education, art, culture, you name it, veterans -- the whole rest of the discretionary budget is being financed by China and other countries."
The commission added the current budget trend is a disaster "that will destroy the country from within" unless checked by tough action in Washington. The tough action required is spending cuts in programs, including the so-called nondiscretionary, eating most of the federal revenues.