The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.
Sentiment: NEGATIVE
In the long run we are all dead.
Long run is a misleading guide to current affairs. In the long run we are all dead.
We not only heard it before 20 years ago, before George Bush in 2001 passed his tax relief, before in 2003 the tax relief were past, we were told they were dead. Before we provided prescription drugs for Medicare, we were told it wasn't going to happen.
The life expectancy is much longer today than it was when Social Security was created.
Of the 22 industrialized nations of the world, we're dead last in per capita giving to poor people.
Folks, the most insidious part of this whole health care scheme is that all of these vast medical expenditures will become nothing more than government budget items. We individuals will no longer exist. The relationship between a government and citizen will change forever.
And because of these programs like Medicare, Medicare prescription drugs, Social Security, we now have the healthiest and wealthiest group of senior citizens that the world has ever seen. This is a continuing commitment to that.
In the medium or long term we'll all be dead. Let's deal with the problems at hand.
The president's claim that Social Security is going broke is misleading at best. The sky is not falling, although there is no doubt that the system needs to be strengthened.
We know that Medicare is set to go bankrupt in 2024 with no action, and social security is set to be insolvent by 2037.
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