The potential costs of being screwed by Social Security and Medicare are substantial. From Simon Black at sovereignman.com:
Today the federal government will release a nearly $5 TRILLION annual budget proposal for Fiscal Year 2021 (which begins on October 1st of this year).
Needless to say, that’s more money than any government has ever spent in the history of the world.
And there are a few things in particular that are worth highlighting:
First– this budget proposal would create yet another trillion dollar annual deficit. And that’s simply astonishing.
Think about it: this is supposed to be the ‘everything is awesome economy’. The stock market is at a record high. Corporate profits are at record highs. Unemployment is at record lows.
If the government can’t make ends meet when the economy is this good, how many trillions will these people burn when the next economic downturn arrives?