
“Few voters know what the average Medicare beneficiary receives each year. This rises every year. It was about $11,000 in 2008. In 2011, it was $12,000. Americans become eligible at age 65. Beginning in the year 2010, the baby boomers began to reach age 65. They were born in 1946, the year after World War II ended. The birth rate soared. It did not reverse until 1958. There is no question what is going to happen to Medicare. It is today the #1 government expense: 23%. This percentage will be over 50% before the boomers depart, unless Medicare is abandoned by younger voters in a great default.”
http://www.garynorth.com/public/11595.cfm
Related posts:
The Words That Sent the Stock Market Tumbling
Bitcoiniacs Bitcoin Store Opens In Vancouver
Evidence Snowden is Being Protected By the CIA?
Toughest encryption cracked by listening to your CPU with a phone
Goldman Sachs Revenue More Than Doubles
John Whitehead: A Graduation Message for a Dark Age
As Gold Declines Will Stocks Fly?
6-meter tall KamerMaker to 3D print Amsterdam house by year's end
College Students Chase, Heckle David Petraeus on First Day of Class
Texas U. Sold $375 Million in Gold Bars
New tax to fund Obamacare could leave American expats in Canada owing Uncle Sam
Krugman: "The Employment Story is Highly Unimpressive"
Former Washington, Colorado cops explain: What’s really going to change now that marijuana is legal?
Ex-Monsanto employee involved in discrediting GM corn study
'Candy Crush' Developer Trademarks the Word Candy