Long Article on Fiscal Responsibility - Social Anxiety Forum
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post #1 of 1 (permalink) Old 10-28-2006, 02:52 PM Thread Starter
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Long Article on Fiscal Responsibility


Warning: it's almost too depressing to read.

http://news.yahoo.com/s/ap/20061028/...a_the_bankrupt


Quote:
Calculations by Boston University economist Lawrence Kotlikoff indicate that closing those gaps $8 trillion for Social Security, many times that for Medicare and paying off the existing deficit would require either an immediate doubling of personal and corporate income taxes, a two-thirds cut in Social Security and Medicare benefits, or some combination of the two.
I would like to thank the following people for the budget mess: Ronald Reagon, George HW Bush, George W. Bush.


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