More Government Failure
A report this week showed that Social Security and Medicare’s financial health has weakened. In fact, Medicare is now paying out more than it receives. The report further said the same fate is in store for Social Security one year earlier than projected, namely, by 2016. That means if you are retiring in 6-7 years, both of these programs will be defunct. Medicare will be totally insolvent by 2017. So, better plan for higher taxes for EVERYONE if these programs are to survive, and make plans to make it on your own.
Keep in mind the supposed “Trust Fund” is just a group of bonds in a filing cabinet in Parkersburg, West Virginia. These bonds are backed by the “full faith and credit” of the Government (you and me). There is NO money or assets to back this up. All the money has been spent to fund other parts of the government. So, basically you are going to be responsible to come up with additional money to fund this government program and keep it solvent. Wait a minute… you already put your money in to cover it and your representatives spent it to get your votes. Now you have to “double down” on a bet that is a sure loss. Yes, Another Government failure!
Hmmm….why aren’t these leaders being fired or prosecuted. The leader of General Motors (sorry, now it is Government Motors) was fired for poor performance. Why aren’t you voicing your disdain?? How much more are you going to put up with?
So you want the government to run the automakers, the banks and provide health care? Ah, more failure! How many more failures will you put up with?
You know, Americans’ action (lack of action) on this is like the guy who keeps hitting himself on his head with a hammer. When asked “why don’t you stop?”…he says…”because when I stop it hurts.”
How much longer are you going to put up with the hurt?
We have positioned our clients in an investment program that will be their own Social Security/Medicare program. It does not have any government involvement. The investment grows tax free, you can pull out money tax free (not like Social Security which is taxable) and when you die it transfers tax free.
Please take responsibility for your actions and do not be part of the “entitlement” crowd.
Go to our other blog at www.WealthyFutureBlog.com and subscribe for free to learn about this “self reliant” way to protect your financial future.