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Why the Deficit Explodes

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April 05, 2011 – Comments (1)

David Leonhardt of the NYT has a great example:  

"Two married 66-year-olds with roughly average earnings over their lives will end up paying about $110,000 in dedicated Medicare taxes through the payroll tax, including the portion their employers pay. They can expect to receive about $340,000 in benefits. Two average-earning 56-year-olds will pay about $140,000 and get back about $430,000 in benefits." 

Poll after poll shows overwhelmingly that cuts to Medicare will not be tolerated by voters. You wonder why.  

http://www.nytimes.com/2011/04/06/business/06leonhardt.html?ref=business

 

1 Comments – Post Your Own

#1) On April 06, 2011 at 9:19 AM, mtf00l (48.04) wrote:

Right....

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