America Bankrupt?

When one of the insiders expresses "concern" that Medicare and the free-drugs program could bankrupt the treasury, it is likely already a fact. The federal employees do not concede defeat unless overwhelmingly crushed.

U.S. Comptroller General David Walker said in a Steve Kroft report to be broadcast on Sunday, March 4, that the hippie generation will not get their drugs or any new Medicare treatments for STDs.

He said, "Medicare -- Barring vast reform to the program and the nation's healthcare system -- is already on course to possibly bankrupt the treasury," and that over $28 trillion will be needed.

The partial truth about how taxes pay only for interest came out when he said, "If nothing changes, the federal government is not going to be able to do much more than pay interest on the mounting debt and some entitlement benefits. It won't have money left for anything else," which is to say that no other country will be willing to purchase their treasury bills. In fact it could happen today instead of waiting till geriatric hippies riot.

Without saying what he thought the solution should be, we can guess that it will not be an end to the federal welfare state.