Mikeoxenormous
Diamond Member
Can Medicare, Social Security survive 10,000 new boomers a day?
Would it be better to stop Welfare after 2 years, FORCE people back to work, instead of them suckling the government teat forever?By the time the last of this generation approaches retirement age in 2029, 18 percent of the U.S. will be at least that age, the Pew Research Center projects. The Centers for Medicare and Medicaid Services estimates there will be 81 million beneficiaries in 2030. For sure, many of those Americans will resist retirement if possible for both economic and lifestyle reasons.
But the explosive volume of Americans qualifying for benefits will put extraordinary pressure on government spending for Social Security and Medicare – two of the premier federal entitlement programs that are gradually running short of cash.