“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:
Polish Central Bank Paid YouTubers for Anti-Bitcoin Campaign
Human Intelligence is Slowly Declining: Genetics Or Food?
A (relatively easy to understand) primer on elliptic curve cryptography
FTC can sue companies with poor information security: U.S. court
Supreme Court: Cops can’t hold suspects to wait for drug-sniffing dog
Fukushima scientists brace for riskiest nuclear fuel clean-up yet
‘How Money Walks’: Map shows cash fleeing states with high taxes
Price Inflation Watch: Average NYC Rent Passes $3,000
Lemonade Freedom Day 2013 Philadelphia
Put the World’s Top Asset Protection Jurisdiction on Your Radar
Coinbase's Fred Ehrsam says you're thinking about Bitcoin all wrong
Federal Reserve’s Bitcoin Policy Begins to Take Shape
India's central bank shuts down all cryptocurrency exchanges
Feds no longer need a warrant to search your phone location records
Greenwald Uses Pre-Russia Snowden Data to Hammer the NSA Again.