Sleepwalking Toward DD-Day
Newsweek, October, 2007 by George F. Will
Congress, creating yet another entitlement, is not at all inhibited by the Law of Holes, which is: When you are in a hole, quit digging.
Last Thursday was 96 days before DD-Day, the day the Demographic Deluge begins. That is Jan. 1, when the first of 78 million baby boomers reach 62, the age at which a majority of Social Security recipients begin to receive that entitlement. Social Security is unsustainable as currently configured, but is a picture of health compared with another middle-class entitlement, Medicare.
On Thursday, the Senate, following the House, voted to create another open-ended middle-class entitlement. Congress is not inhibited by the Law of Holes, which is: When you are in a hole, quit digging.
Although it is the elderly who are...
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