THOMAS SOWELL: “Someone needs to say to those who want Social Security and Medicare to continue on unchanged: “Don’t you understand? The money is not there any more.””

SOWELL: “Recently that image came back, in a wholly different context, while seeing pictures of American seniors carrying signs that read “Hands off my Social Security” and “Hands off my Medicare.”

They want their Social Security and their Medicare to stay the way they are — and their anger is directed against those who want to change the financial arrangements that pay for these benefits.

Their anger should be directed instead against those politicians who were irresponsible enough to set up these costly programs without putting aside enough money to pay for the promises that were made — promises that now cannot be kept, regardless of which political party controls the government.

Someone needs to say to those who want Social Security and Medicare to continue on unchanged: “Don’t you understand? The money is not there any more.”

[READ Thomas Sowell’s “The Missing Money“]

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