Saturday, February 26, 2011

The Only Chart You Need To See To Understand Why The US Is Screwed

[mEDITate-OR:
not see what the crisis is...
Tis NOT the "General Government"
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Ronald Reagan decided to reduce the amount of general tax revenue that would be used to finance any parts of Social Security, Medicare & Medicaid. Clinton cut a deal with Sen Bob Dole to shift even more of the cost over onto employment taxes. W expanded the system with an unfunded "Drug Program".
We are now faced with "The Problem."
Seniors will not permit their benefits be cut.
Somebody is going to have to pay for it.
The questions are who, when and how.
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USA income statement
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The Only Chart You Need To See To Understand Why The US Is Screwed
http://www.businessinsider.com/the-only-chart-you-need-to-see-to-understand-why-the-us-is-screwed-2011-2
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