Sunday, January 2, 2011
The first big news story of 2011 is that Baby Boomers are turning 65 and will be added to the rolls of Medicare...at the rate of 10,000 per day, every day, for the next 19 years.
Which is suddenly causing the mainstream media to notice that there's no way that Medicare can actually pay the bills (currently being short by a staggering $23 TRILLION dollars)...and causing the pundits to blame the baby boomers, rather than the politicians, for getting us into this mess.
These would be the same baby boomers who have paid into the system for their entire working lives under the expectation that their money was either being carefully invested by the government or at least put into a safe place. In other words, the baby boomers were played for suckers in a scheme that would make Bernie Madoff blush.
Meanwhile, the same media which touted dependable, rock-solid Medicare-style coverage for everyone when pushing Obamacare is now saying things like the baby boomers will "swamp the struggling Medicare program," and referring to older Americans as "burdens" on younger taxpayers.
In other words, the boomers were fine when paying in to the system...but are a problem for the politicians now that they're expecting promises to be kept. And that's a lesson voters of all ages would do well to pay attention to.