With President Obama calling for congress to give him a health care plan by July 31st, I think it is important to take a look at how some of the other public benefit programs are going.
Social Security will begin to have benefits exceed incoming taxes by 2016 and will be completely bankrupt by 2037, just in time for my retirement – Yipeeee!!!
Medicare began to have benefits exceed incoming taxes April 26, 2009 (remember that date from an earlier blog). That’s right, at this moment in time; Medicare is now working in a negative income mode, rather like the rest of the government…well except for social security, that still has a few years.
The topper is this, with events in government spending continuing on as the present administration has set out, Medicare will be completely broke by 2017. That’s it, ka-pooey, nothing left, empty, nada, rather like a bowl of ice cream after a Baptist social.
Look, I know many out there think the government is the harbinger of good hope for the health care issue in America, but it is not. To be honest, most of those hired to manage government-run agencies couldn’t manage a small ant farm. If they could, they’d be in the private sector having their pay capped by…well, that’s a different blog.
Anyway, for all those who think that government control of the health care system is the answer, let’s see if the government can first answer the question of how to fix social security and Medicare.
I think I need a new prescription,
Bill
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