Quote:
Originally Posted by Cowboy89
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.
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Last I checked the US still has a positive population growth rate. A ponzi scheme is one where the number of people that are needed to support the previous generation grows geometrically. All of these entitlement programs need is to replace the outgoing generation.