Since the election of President Obama the word “Socialism” has been on the tongue of many Americans. Socialized health care, socialized retirement, socialize anything you can get your hands on. After all health care should be free and universal right? No one should ever go hungry or be homeless. Let’s not forget that no matter how you may have wasted your life away you should be entitled to receive money when you get older so you can retire. You’re an American after all, retirement is your God given right.
The problem is as Americans we want a great deal but when it comes time to pay up, no one wants to do so. We need to decide, do we want lower taxes or do we want more services? There is a trade off between the two. If you want “free” health care for everyone then be prepared to pay for it. If you want Social Security then be prepared to really pay for it. Recently the Peterson Foundation calculated the federal government accumulated $56.4 trillion in total liabilities and unfunded promises for Medicare and Social Security as of September 30, 2008. That is $184,000 for every man, woman, and child here in the US. To put it another way that’s $483,00 per household. Do you have that kind of money? That money is going to have to come from somewhere so be prepared when your taxes start to go up.
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