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50 years ago we spent $1 on entitlements for every $3 of investment

  • Published in Letters

To The Daily Sun,

You heard it first here. THE ENTITLEMENT SOCIETY BINGE that began with FDR IS STONE COLD DEAD, no matter who wins the election next year or the White House in 2016.
The sad and failed DEMOCRATIC epitaph of entitlement spending.
1. Since 2010 Social Security (SS) has been paying out far MORE MONEY than it has collected. That shortage gap widens to the size of the Grand Canyon every year to 2031. In that year every dollar of the trust fund will have been SPENT. At that point SS will have to SLASH its payouts by 23 percent to every beneficiary in America. The person receiving $1,000 a month will then get $770. We are FORCED with a GUN TO OUR HEAD to participate in a GOVERNMENT program with a "house of cards" operating structure that rests on actuarial quicksand. The "cards fall' and government BREAKS its promises over and over and OVER. YOU are SHAFTED by government at every turn economically.

Private enterprise would produce such better retirement results, and without all the POLITICKING and BS. SS has ALREADY been severely diluted . Those benefits are going to be DILUTED again, in the not-far future. Every year of delay only makes the reform medicine all the more BITTER for EVERY future beneficiary. EVERY WORKER HAS BEEN LIED to regarding the amount of his or her future benefits and what the rules are or (will be) for qualification. I GUARANTEE IT! Further, the program has the worst return on assets of ANY pension plan in America, sticking every beneficiary with a much lower benefit than they should be receiving. Bernie Maddoff is a saint compared to the honesty and treatment you receive from the federal government.
2. In 2030 the average couple reaching the eligibility age of 65 will have paid into Medicare $180,000. The cost of their expected benefits they will receive will be $664,000. Nearly half a million dollars in benefits MORE than the couple PAID FOR. It is why Medicare is BANKRUPT beyond the wildest of imaginations in the tens of trillions. So bankrupt it could BY ITSELF bankrupt the ENTIRE COUNTRY. You have been as LIED to from government as any one ever has who has walked these lands. Like SS, every year of delay to tackle the impending Medicare monster of doom only increases the severity of the reforms required. If government were a business it would have been jailed, if not HUNG long ago. If not for lying and deception, gross INCOMPETENCE. People want to believe someone can make something from NOTHING. No one screams that LIE louder or more often, purely for CONTROL than government. Their con game always ends badly, and BANKRUPT. Tens of millions are always hurt by the lies and deceit. You can keep your doctor, your hospital, your insurance and the costs are going down are just the latest BOLD, IN YOUR face lies to the American public by DEMOCRATS that began with FDR. These people think we are all STUPID. Frankly, millions are highly GULLIBLE, you can read the uninformed ratings of many of them in this paper. That is why the lies like those from Obama NEVER STOP coming.
3. In the 1960s the American people spent $1 on entitlements for every $3 dollars it spent on public investments like education, infrastructure and college aid. In 10 short years that number will be flipped on its head. We will be speeding $5 on entitlements and $3 on public investment, substantially crowding out vast amounts of money for every other public good in America.
Tony Boutin