Quote:
Originally Posted by Weiser Wonder
It's also worthwhile to remember it's terribly shortsighted to cut entitlement programs. Taking away safety nets increases instability for the average consumer, which leads to a worse economy. The economy and long term future of the United States is better secured by providing for its own. The days when a first world country can do without caring for its old, poor, and sick are over, for both practical and moral reasons.
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The days when a first world country has the financial means to care for its old, poor, and sick in the traditional sense are over, for fiscal and demographic reasons. Social security and medicare was all fine and dandy when there was numerous workers per retiree. Demographically this has changed and will continue to change for the negative. Bottomline this was a ponzi scheme. CPP is a ponzi scheme in Canada. Europe and Japan are utterly crumbling under the weight of their aging populations and lavish social programs. The jig is up, and discussions about what the US can afford and how it can be distributed is now.