The real problem with Medicare and Social Security is not that they are too generous, but that they are too stingy. There is currently a slowly unfolding retirement crisis. The move away from defined pension programs to 401(k)s is now starting to bear fruit in the form of a generation of older Americans who lack sufficient money for their old age.
|By: Jon Walker Thursday July 28, 2011 8:30 am|
The insane belief common among many of the beltway pundits and politicians that the American people actually want a “grand bargain” or a “super Congress” to cut our entitlement programs has absolutely no basis in reality. It is purely a fantasy created people with lots of money, who don’t think they will ever have trouble affording the basic necessities after they retire.