(DOWNLOAD) "Busting the Safety Net: The Economic Crisis Hastens an Entitlement Crash (Politics)" by Charles Hugh Smith ~ eBook PDF Kindle ePub Free
eBook details
- Title: Busting the Safety Net: The Economic Crisis Hastens an Entitlement Crash (Politics)
- Author : Charles Hugh Smith
- Release Date : January 01, 2010
- Genre: Politics & Current Events,Books,
- Pages : * pages
- Size : 56 KB
Description
THREE DECADES AGO, angst over the looming insolvency of Social Security reached fever pitch. President Ronald Reagan responded by grasping the third rail of American politics long enough to add decades to the entitlement's solvency by increasing the taxes employers and employees paid and by incrementally extending the age of retirement from 65 to 67. In the years since, the sprawling Medicare/Medicaid system has replaced Social Security as the emblem of impoverished entitlements. Despite duly repeated warnings that the program is unsustainable--or perhaps as a result of those constant cries of "wolf!"--we have become numb to the peril. The entitlement train that has been a mere smudge on the horizon for years is now approaching the cliff of insolvency at high speed.
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