Thursday, March 03, 2005

Nation of Need

Launched in 1965 to provide healthcare for low-income women and children, Medicaid has since expanded into the largest health and long-term care program - a symbol of the increasing role of government in paying the nation's health bills. In addition to its own spending, government also pays the nation's health bill by the subsidies it offers for health-related expenses in the tax code, now approaching $200 billion. When you add in the subsidies, "you're way in excess of the government controlling more than one half of the market," said Eugene Steuerle, co-director of the Urban-Brookings Tax Policy Center at a recent briefing. more...



Now why do you think that is? Do you think it's because the population is growing out of control? Or the more likely answer that once the government starts footing the bill, less and less people will be encouraged to produce enough to take care of themselves, creating the never ending drain of a need based rewards system. The responsibility shouldn't fall to the states, it should fall to the people. The amount of money that the government will save (and the people too) is enormous.
Parents know that as long as they give their kids money, their kids will continue to sap off them and not learn to be financially responsible. Why does our paternal government not get that?

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SOURCE: AP, BOSTON COLLEGE'S CENTER FOR RETIREMENT; RICH CLABAUGH -
STAFF

The graph needs to be reorganized, however slowly to avoid economic crises, to lessen the amount provided by social security and increase the amount provided by Savings.

The bottom line of the Bush plan: If you opt for a private account, and over the course of your working life it earns more than 3 percent per year, on average, you come out ahead. If not, you'd have been better off putting all your payroll tax money in the traditional system.

??? Don't savings and money market accounts offer about this much or less? The stock market generally outperforms this amount does it not? And since it's optional, wouldn't you prefer to make your own mind up about the risk involved?

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