Thomas Sowell‘s latest column focuses on the misplaced anger surrounding potential reform of federal entitlement programs.
[Seniors] want their Social Security and their Medicare to stay the way they are — and their anger is directed against those who want to change the financial arrangements that pay for these benefits.
Their anger should be directed instead against those politicians who were irresponsible enough to set up these costly programs without putting aside enough money to pay for the promises that were made — promises that now cannot be kept, regardless of which political party controls the government.
Someone needs to say to those who want Social Security and Medicare to continue on unchanged: “Don’t you understand? The money is not there any more.”
Many retired people remember the money that was taken out of their paychecks for years and feel that they are now entitled to receive Social Security benefits as a right. But the way Social Security was set up was so financially shaky that anyone who set up a similar retirement scheme in the private sector could be sent to federal prison for fraud.
But you can’t send a whole Congress to prison, however much they may deserve it.
