In response to:

Uh, Obama? We Have a Problem: Interest Expense to Hit $1 Trillion in 4 Years

ideaminer Wrote: Feb 06, 2013 5:58 PM
You're right, but the problem is much bigger than just "facing up" to the true nature of SS and Medicare. These programs have been around so long and government at all levels has grown so much, together with a central banking system that has steadily eroded the purchasing power of our money, that many (maybe most in the so-called middle-class and below) no longer have sufficient resouces left to them to be self-sufficient. I'm a baby-boomer, and everyone I know has "faced up" to the fact that, following our parents and grandparents, we were suckered into this scheme--probably one of the reasons many of us are still working. I expect the next psychological disorder we'll be hearing about is "generational guilt".

I hate to interrupt Obama’s “We Don’t Have a Spending Problem” World Tour. But reality intervened on Tuesday as the Congressional Budget Office released a report that says that the budget deficit will grow through 2023 and “will eventually require the government to raise taxes, reduce benefits and services, or undertake some combination of those two actions,” reports CBSNews- and all of that just to cover interest payments.

“In its annual Budget and Economic Outlook,” writes CBSNews, “the CBO said debt held by the public will be bigger by 2023 than in any year since...

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