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Ryan's Medicare Hot Air

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So what about those so-called "unfunded promises"? Extend a growing trend out long enough and you can make the number as big as you like. But projecting the future Medicare costs of people who have not yet been born is simply disingenuous.

There are plenty of real challenges facing America this election year. Three of the most important are jobs, jobs, and jobs. Potential problems in Medicare and Social Security 50 or 75 years from now just don't measure up. It's not time to hit the panic button just yet.

***

Salvatore Babones is an American sociologist at the University of Sydney and an Institute for Policy Studies associate fellow. His book on the American economy, Benchmarking America, is due out in 2013. www.ips-dc.org
Distributed via OtherWords (OtherWords.org)

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William A. Collins, a former mayor of Norwalk, Connecticut, founded Minuteman Media in 1998. In 2010, the Institute for Policy Studies took over its management and Minuteman Media was renamed OtherWords. OtherWords distributes commentary and (more...)
 
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