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.
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.