Again, maybe it’s just me, but what is going on here? I don’t hear the presidential candidates, or any politicians really, talking about the coming economic disaster brought on by the cost of running Social Security, Medicare, and Medicaid, and the extremely tough choices that are going to have to be made to solve them. But John Edwards’ confessing to having a mistress, a year ago, well that’s all over the place. I heard Sean Hannity talking at length about it. It’s all over the news, and the internet.
I am not saying it’s not news, just that I don’t understand why we never talk about the hard stuff.
To quote IBD:
“Allowed to grind on without real reform, Social Security, Medicare and Medicaid will do what no invading army or cabal of terrorists has done or will ever do: bring this mighty republic to its knees.”
Is that overly dramatic? Perhaps, but the Congressional Budget Office estimates tax rates would have to increase 150% percent, from everyone from the lowest person in the lowest bracket, to the peak of the top bracket and corporations, as well. The top tax bracket and corporations would have to pay an 88% tax rate. Read those numbers again.
Would you like to take what you paid in taxes last year, (and if you got a refund, you still paid, look at your w2) and pay 150% of that amount going forward? Me neither, but don’t worry, you won’t…if it comes to this, there will be no tax revenue, no economy, etc.
So I say to the politicians and presidential candidates, take a stand that is not a tax increase, go ahead and piss off the senior citizens and the unions and anyone else opposed to radical changes in these programs, and don’t be afraid to come up with a creative, albeit difficult, solution.
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