The Real Cliff (12-3-12)
Hi, this is TheCandidConservative with today’s minute on the real cliff…
Societies get precisely the government they earn. America’s not an exception. Countries, like people, are only special if they act special. There was a time when that was true for America, but our beacon of liberty, opportunity, and responsibility is dimming. There’s nothing special about addiction to entitlement, responsibility avoidance, and dishonesty. One manifestation of our loss of character and maturity is debt. The cliff coming in January is a pothole. The real cliff is 80 trillion in unfunded Medicare and social security promises backed by IOU’s. All the money contributed this year was spent this year. All the past money collected is gone. Unless we borrow it or raise taxes, there is nothing to support those IOU’s. To give you an idea of how bad this is, taking the annual income of all the individuals and corporations in America will not cover what’s owed. Don’t worry about ice cubes in January. It’s the iceberg a few years ahead that’s going to do great and unavoidable harm.
I’m Dr. Carl Mumpower and you just spent a minute with a candid conservative…
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