Who's gonna break it to the old people? You get sick, we can't afford to fix you.
Who's gonna tax the shit out of the young people?
Somethings got to change. Building the economy and/or reduced spending ain't gonna cut it.
I'm a Democrate, but I've finally decided nationalizing health care is a stupid idea.
The number of individuals over the age of 65 will double in 32 years—from 38 million to 77 million—an additional 39 million people over the age of 65. The total population of California today is 36.5 million. This demographic trend spells trouble for entitlement programs because the ratio of workers to dependents is declining.
Government spending for the big three entitlement programs, as a percentage of GDP, will triple in 70 years, primarily as a result of projected increases in healthcare costs.
The term tipping point can be applied to a process in which, beyond a certain point, the rate at which the process continues will increase dramatically. The budget of the United States has reached its tipping point. A recent event could have, in fact, marked the point in time. The first Baby Boomer—born January 1, 1946—has applied for early retirement at age 62 and received her first Social Security check. On the chart, an upturn in the Medicare growth rate can be detected in 2011 when the first Baby Boomers turn 65. Thereafter, the number of retirees continues to increase while the number of workers per retiree continues to decrease. The pyramid scheme has collapsed.
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