Here’s the mystery: although most Americans say they support cutting government spending in general, they nevertheless oppose cutting any specific program — least of all the so-called entitlement programs that are driving today’s torrent of spending: Social Security and Medicare.
Fifty years ago, Medicare was sold on the promise that it would unite the nation. But with Medicare’s unfunded liabilities approaching $100 trillion — a shortfall equaling almost six times the size of today’s economy — the question is whether Medicare will instead tear Americans apart.
On today’s episode of The Yaron Brook Show, Yaron celebrated Ayn Rand’s 110th birthday and ARI’s 30th anniversary. Topics included: How Ayn Rand changed the world; Ayn Rand’s view of selfishness; the launch of ARI Europe; why Medicare is immoral.
Since the video surfaced last month of Jonathan Gruber admitting that deceiving the American public was necessary to pass Obamacare, several more videos have been discovered of the Obamacare architect singing the same tune. The value in Gruber’s comments is that they expose the collectivist ideology underlying Obamacare.
You’ve probably heard this before: America is facing a serious debt crisis. Economists estimate that the unfunded liabilities for Social Security and Medicare amount to roughly $200 trillion. That’s about $400,000 per American.
If nothing is done, the bill for Social Security, Medicare, and Medicaid will bankrupt Millennials and their children. But support for these programs is strong among the elderly and the young alike. In this talk delivered as part of ARI’s Road to a Free Society tour, best-selling author Don Watkins argues that this support is based on a handful of myths, and that if Americans knew the truth about the welfare state, they would not want to save it — but abolish it.
Last Tuesday I kicked off a series of debates against welfare state supporters in order to let young people know about the Debt Draft and why the only moral solution is to abolish the old-age welfare programs — Social Security and Medicare — that are drafting my generation and my daughter’s generation into debt.
In a recent op-ed Judith Stein of the Center for Medicare Advocacy explains why she thinks government should lower drug prices for Medicare recipients. The article is worth reading because it is an example of a pernicious assumption that permeates most health policy discussions.
