Our politicians know the solution to our federal budget deficits, but none of them would dare be the one to say it. There are numerous ways to eliminate the deficit or at least diminish it to a level that would not mortgage the future of the financial health of the U.S.A., not to mention crippling the rest of the world's nations who are holding our enormous debt. Correcting just two well-guarded "entitlements" could do the trick.
First, raise the retirement age for Social Security to at least 70 years of age. This would affect me directly since I will be 62 in a couple of years, so would qualify for a couple of grand per month from Uncle Sam, a check me and the Mrs. would be happy to collect after sending in over a half of a million dollars in payroll deductions across both our careers. However, when Social Security was conceived, folks did not live 20 to 30 years past retirement. Most of them never saw the first check.
Second, and I will preface my statement by saying this is even more controversial, is to let people die when they are in fact dying. Did you know that over half of our collective U.S. healthcare bill is paying for the last 60 days of life with death as the outcome? That's right. Doesn't make much sense does it?
There you have it. No tax increase. No new spending. And, you would have an environment that would allow businesses to start hiring the unemployed and start growing our economy once again.
