Archive for the ‘Social Security’ Category

Do the elderly really care about their grandkids?

January 12, 2010 Leave a comment

Anyone who has even casually looked at the convergence of baby boomers and their expected retirement benefits (i.e. social security and medicare) knows that fiscal catastrophe is certain if something isn’t fixed. I would love to ask a national politician especially the president (or a candidate) why he or she thinks it isn’t reasonable for the eligible generations to only get back what they put into the programs and be expected to plan themselves for any additional costs they want as individuals.

If that happened there is no way the programs would become insolvent. Social security and medicare still would serve as safety nets like they were intended for. Is it just selfishness and politics that keeps a seemingly sensible solution like that from implementation or is there an economic or moral argument for the way we do things now?
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