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Entitlement Reforms

Charles Kirtley Wrote: Aug 29, 2012 8:55 AM
Americans are becoming childlike with the nanny state the great mother. I don't see a good ending coming out of the situation Sowell describes. We'll either have massive inflation or Greece-like riots.
arpiem Wrote: Aug 29, 2012 9:38 AM
We already have massive inflation. The Fed prints whatever money the government asks for. That weakens the dollar and drives prices up. You could buy a cup of coffee for a dime in both 1958 and 1968, but when Nixon took us off the gold standard, prices started edging up.
Wally123 Wrote: Aug 29, 2012 9:03 AM
No, its not "either". We will have both ! !

For those of us who like to believe that human beings are rational, trying to explain what happens in politics can be a real challenge.

For example, that segment of the population that has the least to fear from a reform of Medicare or Social Security is the most fearful -- namely, those already receiving Medicare or Social Security benefits.

It is understandable that people heavily dependent on these programs would fear losing their benefits, especially after a lifetime of paying into these programs. But nobody in his right mind has even proposed taking away the...