We keep hearing about baby boomers creating problems with Medicare and Social Security, as if we’re a horde of parasites waiting to swoop down on our nation for freebies. We’re working and paying into these entitlement programs like everyone else.
Federal Reserve Chairman Ben Bernanke recently stated that we will have to choose among higher taxes, fewer dollars for other programs, lower spending on entitlement programs and a sharply higher budget deficit or some combination thereof. I can do the math, but I think the federal government is over-looking the obvious.
Clinton/Gore left us with a budget surplus. Bush/Cheney and their follies created a budget deficit last year of $319 billion. Check out www.costofwar.com and see how many billions of dollars are being wasted, then you do the math.