Biden Jets Out for One Last Vacation
Watch a Teacher's Letter Attacking Pro-Trump Family Members Blow Up in His Face
Look What These Israelis Used to Make Their Menorah for Hanukkah This Year
Libs Demand Congress Do Something That Was Considered an Act of Armed Rebellion...
Federal Appeals Court Rules Against Law Barring Nonviolent Felons From Owning Firearms
British Transport Police Sued for Allowing Trans-Identified Males to Strip Search Women
Workers in This State Just Won the Right to Bring Their Guns to...
Here's What Has Jen Psaki Raking Democrats Over the Coals
Former Democratic Presidential Candidate Throws Hat in Ring for DNC Chair
Russia Blamed for Devastating Airline Crash That Killed 38 Passengers Near Ukraine
Celebrating Media Mayhem with The Heckler Awards - Part 3: The Individual Categories
Biden Orders Pentagon to Deliver More Weapons to Ukraine Just Weeks Before Leaving...
You Won't Believe What Happened at This Phoenix Airport on Christmas
Texas Woman Arrested and Charged After Authorities Made This Horrifying Discovery
Man Arrested for Attempted Murder After Plowing Car Through Group of People on...
Tipsheet

Your Monday Reminder That the U.S. Is Going Broke

In case you missed it, here's George Will from yesterday:

The 1935 Social Security Act established 65 as the age of eligibility for payouts. But welfare state politics quickly becomes a bidding war, enriching the menu of benefits, so in 1956 Congress entitled women to collect benefits at 62, extending the entitlement to men in 1961. Today, nearly half of Social Security recipients choose to begin getting benefits at 62. This is a grotesque perversion of a program that was never intended to subsidize retirees for a third to a half of their adult lives.
Advertisement

And here's Nobel prize-winning Gary Becker on America's fiscal crisis:

Future fiscal problems for the federal government will be particularly challenging not only because entitlements are growing rapidly, but also because the federal debt has been ballooning due to the extraordinary deficits during the past two years. Large deficits are likely also for the next couple of years. The combined cost of interest on government debt, social security benefits, and spending under Medicare and Medicaid will take at least 20% of projected GDP by 2030, even without any sizable increase in the interest rates that creditors demand to hold the much larger US government debt. This percent equals about 80% of current government spending relative to GDP.

Happy Monday, all!

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement