Tag Archives: Social Security

AN OPEN LETTER TO OUR CHILDREN: YOU’RE ABOUT TO BE SHAFTED – AGAIN

Dear Kids:

If you’ve paid any attention to the raging health reform debate, you probably think the key issue is whether we will get a public health insurance option or a system of government-supported cooperatives. Wrong. The main event for you is that your under-40 generation is about to be shafted by my over-50 one—big time. We’re about to enact yet another one of those intergenerational transfers from you to us that we’ve become so good at, having gotten away with it on Social Security ($17.5 trillion in unfunded liabilities), Medicare ($74 trillion), and the national debt ($11.7 trillion). To put these numbers into perspective, the entire U.S. GDP is only about $14 trillion. Oh, well, in for a penny…

Posted in Health Costs, Health Insurance | Tagged , , , , | 4 Comments