Tuesday, May 12, 2009

Social Security and Medicare

It seems that two major programs the government is currently in charge of our running out of money. Social Security and Medicare funds will be depleted in 2016 and Medicare will be involvent by 2017. These dates fall in the years when the bulk of the "Baby Boomers" will need the programs. Is this the time for the government to get involved in providing health care for all the able bodies persons in the US? Who is going to fund all this? The children of this generation can't even get into the workforce let alone support all the "Boomers." We have been a generation who have spent freely on real and projected earnings but who will support us. Another story talks about a 50 year old upset because he cannot retire to golf and write a novel in 5 years. The just turning 50 will just have to get in line or find another career path for the golden years. Hopefully the young, energetic eco-boomers and gen X's will solve the problem. The government can't do everything.