Social Security / Medicare 40 Trillion in Debt

The Heritage Foundation has come up with a some good ideas for solving our financial problems. Best among them is a fixed rate tax structure. With nearly 43% of the tax base paying no taxes, this would bring some equity back to the system.

Of course, getting rid of ObamaCare maybe even be more of a good thing then a new tax rate as this has such a profound effect on future generations of citizens and non citizens.

With millions more people coming on the heath care rolls that have no money , can't speak English, read or write and have no way of earning a living, disaster will soon follow as the entire system will collapse under it's own weight.

And who would be to blame for such a disaster, why the Conservatives and Republicans, of course. The old media would have a field day. The problem now for the progressive liberal Democrats and their hacks in the media will be keeping the ignorant ignorant. Luckly, the new media, cable, Fox and AM radio, will make this much harder to do.

Saving the American Dream
Source: "Saving the American Dream," Heritage Foundation, August 2012.

August 24, 2012
Health and retirement benefits were created to provide a generation of Americans a safety net by which they live comfortably today. Entitlement programs such as Social Security, Medicare and Medicaid are popular programs, but politicians promised them with no way of paying for them. These programs are at risk given the condition of the economy, says the Heritage Foundation.

•U.S. debt held by the public is nearly 70 percent the gross domestic product.
•Medicare and Social Security face $40 trillion in unfunded obligations.
•That amounts to about $200,000 per person.

Soon, Americans will not be able to benefit from such programs because there is no money to fund them. However, the Heritage Foundation has come up with a plan to make these entitlement programs sustainable:

•First, transform Social Security, Medicare and Medicaid into real insurance programs. It would provide financial security to retirees, and give assistance to people that need it while reducing benefits to wealthy individuals.
•Second, repeal the Obama health care plan to give consumers flexibility to choose among competing health care plans.
•Third, replace the current tax system with a fixed rate for everyone to allow business growth and allow Americans to save for retirement.

This plan would make the United States prosperous and fuel economic growth. In 10 years it permanently balances the budget, reduces deficits and reduces the size of the government where it has exceeded its authority.