June 15, 2003

Welfare geezers -- they will be the budget, pretty much the whole budget, and nothing but the budget:

the percentage of the federal budget spent on Social Security and Medicare will balloon from 41% in 2000 to 74% in 2040.

And this is without the new "free drugs for geezers" / loot-for-votes legislation. Bottom line, no reform means huge and constant tax increases.

Posted by Greg Ransom