Badger Blog Alliance

Sic Semper Tyrannis

Wednesday, November 14, 2007

Thompson: End the War On Children

This may not be the best political strategy - or maybe it is - but Fred Thompson has reportedly proposed a pseudo-Ryanish plan to fix Social Security, and end the War On Children.

Read about it here.

Why should we all - retirees, near-retirees, and non-near-retirees - care about this?

Economist Jagadish Gokhale, writing in IBD earlier this year, said Social Security will ring up more than $14.4 trillion in deficits by 2050 or so. To pay for it all, according to some estimates, will take as much as 40% of our total GDP. Americans won't accept that.