Monday, April 23, 2007

Social Security Report Due Out Today

Another year has passed and we are only getting closer to bankrupting ourselves through inaction on Social Security and other entitlements. Meanwhile, our state problem with public health benefits is worse because we can't inflate our way out of the mess, even if we wanted to.

How the heck do we get the masses worked up enough to demand action on this stuff?

Well, we really can't. At least not yet. As long as most people believe they don't pay income taxes, they will have no fear of raising them. That's why socialized medicine polls so well. If you don't think you will be paying for something, why would you fight it?

And that is why I don't think financial literacy programs in the schools will work. Too many interest groups have too much riding on keeping the people poor and stupid.