Posts Tagged ‘Medicare’

There is an interesting new book out by economist Larry Kotlikoff called The Clash of Generations. I read several excerpts from it. It seems to be definitely worth your time. The general point is the biggest problem America is facing is the mess the Baby Boomer generation is going to leave us with. Mom and [...]

Amidst all this William James Norris circus, there’s another circus going on right in front of your eyes, possibly on your TV as you wake up in the morning or prepare dinner at night. It’s taking place on your television set every evening on ABC, CBS, and NBC. What is that circus? It’s the lies the major networks are fabricating about the debt ceiling debate and who’s really to blame.

A recent Rasmussen Poll demonstrated a scary statistic. Only 51% of Americans know that most federal spending goes to defense, Social Security, and Medicare. Ponder that a second, on a random day walking down the street, half of the people that you pass actually understand what the three primary drivers of government spending in WADC is. It gets worse though, 30% believe incorrectly that this is not true, and 19% aren’t sure. Kind of helps understand how Obama got elected, doesn’t it?