Leave it to our politicians and the government to want to add yet another national program that we can't afford on top of currently failing programs. The government has not been able to successful in running our postal system, nor have they been able to keep Amtrak on track. Yet, we want to turn over healthcare to the government when the latest news says that Social Security could be bankrupt in TWO YEARS?
“Social Security could face default within two years,” U.S. Rep. Spencer Bachus predicted here Tuesday. “The situation is much worse than people realize, especially because of the problems brought on by the recession, near depression.
We have known that the Social Security system was in trouble but we kept putting it off into the future. Well guess what! The future is now! Bachus went on to say, “We’ve known for 15 years that we were going to have to make adjustment to Social Security, but we still through that was seven or eight years down the road. But if things don’t improve very quickly, we’re going to be dealing with that problem before we know it.”
Like NOW! :-(
The solvency of Social Security, which provides pensions for people over 65, has not played a major role in the current debate over health care in Congress and Bachus, a Vestavia Hills Republican who represents part of Tuscaloosa County, said it will not likely be addressed in any health care bill the House eventually passes, although if a Social Security bail out is needed, it will invariably impact government health care programs.
In the debate over health care, Bachus said that he could support a bill that includes privately-administered health “co-ops,” along with the elimination of fraud and waste in existing government programs like Medicaid and Medicare. The creation of health care “co-ops,” or non-profit health cooperatives run by members, is an idea that has gained momentum as Democrats and President Barack Obama seems to have moved away from the idea of a “government option,” which would be a government-run alternative to private health care now offered by for-profit insurance companies.
The future looks less and less promising the more and more the central government gets involved.
