Interesting comment by Mark Thoma, of Economist's view blog, why the Tea Party can take the view that Gov't expenses need to be cut, but that Social Security and Medicare should stay "out of the clutches of Government". Many "wealthy Americans" believe that the have actually paid for these services, that over the years their taxes created their personal reserves, and that therefore these are not entitlement, but the use by ordinary americans of what they have saved. Medicaid and other social programs on the other hands provided mostly to poor people are in fact unearned and these deadbeat should pay their own way.
Since social security has been underfunded (to meet the baby oom generation) and that longevity has been rising for years, it is unclear that this is the case, nevertheless it explains how the Tea Party cn say less government at the same time as they say stay away from Social Security and Medicare....
Interesting analysis, and it explains their logic.
Since social security has been underfunded (to meet the baby oom generation) and that longevity has been rising for years, it is unclear that this is the case, nevertheless it explains how the Tea Party cn say less government at the same time as they say stay away from Social Security and Medicare....
Interesting analysis, and it explains their logic.