Families, friends and neighbors took care of each other. Like today, the system wasnt perfect; no one actually lived forever. But even today, with or without government programs, my and my wifes parents will never be living on the street, unless thats the best my wife and I can manage for ourselves.
Matthews fear-mongering works only as a smokescreen to opaquely touch up history, which in turn dissuades people from considering the fact that before Medicare and Social Security people did regularly live rich, full, long lives. Sure, before federal government programs folks had to be more self-reliant, or rely more on family, neighbors, churches and local communities — and no doubt needed and received more voluntary charity from medical caregivers.
But as Ed Morrissey put it plainly: America existed before Medicare, and it wasnt Calcutta West.
Perhaps all this says more about Chris Matthews grasp on reality than it does about Social Security or Medicare. He leaves a lot from his picture. He leaves out fraternal organizations that proliferated before the disaster of the Great Depression — and the disaster of AMA influence on American policy. He leaves out the actual mechanisms people used to prepare for their illnesses, retirements, and (yes) deaths. (And no, they werent cowboy institutions.)
Bigger yet is the monster in the room, the elephantine monster he wont recognize. Matthews waxes eloquent on Social Security and Medicare without any recognition of the dark cloud of bankruptcy for both programs. Just last week, this column addressed the stark fact that this year — not seven years down the road where our Social State politicians have kicked the can — Social Security hits the wall, with more benefits being paid out than taxes being paid in.
Social Security, up until the '80s reform, and then since, has had more money coming in than going out. This allowed Congress a source of revenue from which our so-called representatives could borrow. And spend. Since the '80s, to the tune of $2.5 trillion. But thats just the tip of the insolvency. There is $15.8 trillion in unfunded liabilities, looming on the rapidly approching horizon.
Worse yet, Medicare is bankrupt, too. Michael Tanner, an analyst at the Cato Institute, says that Social Securitys insolvency is dwarfed by Medicares looming budget shortfall of between $50 and $100 trillion, depending on which accounting measure is used.
Matthews, like so many progressives, doesnt seem to actually understand that we cant tax ourselves to prosperity. Wealth can be forcibly redistributed, certainly, but such policies have an almost magical ability to decrease the amount of wealth in the overall economy, not increase it.
A corollary is that we cannot provide ourselves benefits that we cannot afford to pay for. And, no, sending the bills, plus interest, to future generations isnt morally defensible. (Isnt it odd how progressives talk about what we owe future generations only in terms of saving the environment, never in terms of saving them from our wanton government spending?)
Nor is this reasonably even possible any longer. We are the future generation! The bill collector is coming to the door for Social Security, and Medicare wont be sustainable for much longer, either.
The wonders of a Ponzi scheme like Social Security are many-fold as long as more money rolls in the door than has to be paid out in benefits. But when the income isnt there to pay for decades-old promises to the elderly, the program wont look nearly as stellar.
Then well remind Matthews and other Social State supporters that older folks, in their eighties, wont be as able to go back to work to boost their income. Self-congratulations wont cut much, then. Neither will dark fantasies about massive pain and suffering.
For the dark fantasies will have become reality, courtesy of our politicians own obstinate and unthinking support for a social state rather than a free republic.
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