“THIS WILL GET OUT OF CONTROL. RAPIDLY”
|| By ROBERT ROMANO || From 1985 through 2011, an average 11.7 percent of seniors were enrolled in Medicaid, primarily for long-term nursing home or home and community care, according to data compiled by the Centers for Medicare and Medicaid Services (CMS) and the Bureau of Labor Statistics.
Keep that stat in mind, because if it remains true, as the Baby Boomers progress through old age, by 2030, as many as 8.7 million seniors could be enrolled in the program, up from 4.6 million today, an Americans for Limited Government analysis of the data reveals. By 2035, that figure could rise to about 9.3 million.
And it will drive the costs of the program to the moon, particularly the costs for long-term nursing home and home care targeted at elderly and the physically disabled, which stood at $88.85 billion in 2013. Why?
As the Urban Institute’s Melissa Favreault noted at the Department of Health and Human Services Assistant Secretary for Planning and Evaluation Long-Term Care Financing Colloquium on July 30, “We project that formal long-term services and supports use and costs will roughly track the growth in the aged population.”
That is not good news, particularly considering the older age population wave now underway.
By 2035, the number of seniors will have increased 66 percent to 79.2 million, the U.S. Census Bureau projects. 66 percent.
As jaw-dropping as that is, in the meantime the population of those aged 15-64 will have barely increased 6.65 percent to 232.9 million.
So, how will revenues ever keep up with costs if comparatively fewer Americans will be of working age as a percent of the overall population – for the rest of the century? We’re already running deficits and the answer is, they won’t …
(To continue reading this piece, press the “Read More …” icon below).
Robert Romano is the Senior Editor of Americans for Limited Government. This piece (reprinted with permission) originally appeared on NetRightDaily.com.
74 comments
Ever since 1935 all the Presidents and all in Congress have known that in time, a Ponzi scheme will crumble.
Consider your sources.
My generation is the lost generation of american politics. We live in a time where politics are dominated by people with 1 foot in the grave, the rest are corporate shills who dont actually care about their constituents, especially the ones under 50s. salaries havent kept up with inflation, there arent any jobs and everyone has 100k of student loan debt. those of us with jobs are paying ridiculous taxes for SSA services that we will never receive. we were young enough to fully be able to understand and use the internet, and now the greatest tool of our time is being taken away by elderly people who dont understand it. the national debt lies firmly on our shoulders thanks to “the greatest generation” and the baby boomers for not caring about the future and only of themselves.
so just consider that when you start to wonder why nobody our age seems to respect their elders
American youth has had it easy growing up. Microwave ovens, cell phones, plentiful cheap gas…….the list goes on. But the low-hanging fruit of America’s past is gone. As each new year comes and goes, the struggles to survive will only increase. When Mom and Dad are dead, and they’re out of work, and the belly’s grumbling and the kid’s crying, they’ll get creative.
It’s what generations of people have done for centuries. You either toughen up, get your ass to work, or you die.
I’m just glad I won’t be around to see the sorry state that our world is going to be in in another hundred years or so.
And most 18-29 year olds still live with their parents. Got to give em Obamacare on mommy and daddy’s insurance.The next logical step for welfare recipients (being provided for by mommy and daddy) is to advocate socialism so they can move out of the house and still have their welfare at the expense of more than just a few people. Your better off screwing people through others rather than picking up the gun yourself and pointing it at people to get what you want. That is what the government is there for!
You’re right. Give up your Medicare now. Social Security too. You get it back when your payments equal the cost of a paid up 16.7 years annuity that would pay out the same amount of SS each month, counting adjustments for CPI.. After that, you’re on your own baby. Nothing for your spouse (or minor children if you had them) when you croak; no spousal bennies based on your work. no disability insurance, just pure annuity, just like the “free market”. Happy now?
The “internet” you say and just who invented that internet, it sure wasn’t your “lost generation”. So just consider that when you start to wonder why the older generation, which gave you the opportunity to make something of yourself, seems not to care when you cry.
You’re the stupid fucks who put Obama in office..and you hate Republicans because we tell you wasting money is bad..
You cling to every word Jon Stewart tells you and depend on him and AlGore to tell you how to think…and you’re so fucking stupid, you listen…
Bush spent all the money we would have needed to solve this problem on that worthless war in Iraq. Obama has hnd nothing to do with this issue.
Congress voted for that war. Bush just did what he was told by the people elected to make the decision. And he WON it..
While Obama acts unilaterally, most of the time…and he has not one single win in 7 years….
There was never anything to win you dumb shit. Bush lost the day he started war.
Bush was re-elected…Hillary has crashed and burned…
Dumbass…LMAO…
Hey, that’s right. He was re-elected just like Obama was. Only I think Obama had more electoral votes.
Once again America and her Allies (the ones we have left after seven years of this f*ckstick) loses. A sissified pencil-neck limp noodle douchebag from Kenya runs like a little pussy to the UN and gives a cheesedick speech of thirty-eight minutes that was so full of shit that Assad, Xi Jinping, and Obama’s buddy from Iran, President Hassan Rouhani, were not even in the room to listen to his bullshit. The speech itself is so full of bullshit, half-truths, unicorn farts, and fairy dust and even the asskisser’s at the UN barely clapped for their stooge in the White House.
Gluhg gluhg glugh –
Your pResident Obama is a traitor.We thank him for the middle east!
Picklin’ the old liver again this morning? That lifestyle will give you realy bad breath.
Won it so good that when we left it fell apart. Sort of like saying your fuel pump is fixed, but then the car stalls out a mile from the shop. Eh? Am I right? Of course I am.
It was stupid to leave. That was Obama and the Democrats. It would have been a strategic GOLDMINE…that would have ensured peace (that we won) for the next 100 years…but you fucked it up.
Yeah, ’cause you’re kids weren’t gonna lose a leg or something by someone elses kids staying. Nice!!!!
Yeah. Fuck the Iraqi’s refusal to sign a Status of Forces Agreement. We should have just occupied their stupid ass place and returned to the great days of American imperialism.
Don’t argue with drunks.
Now you’re blaming Iraq for Obama’s Fuck Up. You NEVEr own up to any of the ignorant shit Obama has done.
Gluhg, gluhg, gluhg – hey at least put some ice in it.
Putin LOVES Obama.
Reagan said ‘tear that wall down’…
Obama said ‘I hate America,we surrender,Mr.Putin’
Tango – it’s very sad to see a man such as yourself bitter and drunk before dinner.
Obama spent more on the failed website for Obamacare than the Iraq War.
LMAO…you are RIGHT…and Bush freed millions of people…and had begun a Democracy in Iraq..that Dumbass Obama screwed up, and gave back to ISIS…
Obama just gave the entire middle east to Russia and Iran with the nukes!
How could ANYBODY not have the opinion that Obama is trying to destroy this country?
That is a lie. What more is there to say.
You would have fit in perfectly in the Third Reich. Gas them all!
Where was your Liberal-Tarian, Dumbass pre-election 2012?
You, FITS and RonPaul were preaching to us why enemy combatant Terrorists should get Due Process after killing our children….Idiot…
If you kissed Obama’s ass before he was re-elected, STFU now.
We ALL know you cannot keep thinking money will fall from the sky, so you can sign up more freeloaders, while you strangle e us contributors, balckmaining us w/ your demand we pay your Welfare.
So, what you are saying is for what we have expended on that worthless Iraq war, we could have provided for the care of our disabled senior citizens, most of whom worked their entire life and who by fate are disabled and need nursing home care for about 35 years. Way to go.
Didn’t Hillary and Kerry give us that war…????
And isn’t it the ONLY TRUE victory Obama has been able to legitimately claim (until he screwed it up?)…wasn’t it that war y’all blame all your continual failures on?
Un no. Bush and Cheney gave us that war by lying. Bush didn’t win shit, because there was never anything to win.
Re-writing history, Dumbass.
I just kicked you your American hating Muslim pResidents ass and I am loving every minute of it!
Wimpy GOP Rep from Utah – ““I’m very supportive of Kevin McCarthy, but those statements are just absolutely inappropriate. They should be withdrawn; Mr. McCarthy should apologize. I think it was absolutely wrong,” Chaffetz (R-Utah) said on MSNBC’s “Andrea Mitchell Reports” on Thursday.
Just like Kennedy and Johnson gave us Vietnam and these SAME long haired,American hating marxixt maggots tried to burn the country down when Nixon got us out!
of history..AGAIN
Taxes were raised to help pay for that war, unlike the that came with all that fun on the sand done on the national credit card/Chinese loans
Liberal,American hating loser! We love you in Russia!
and your point is? That it’s Ok to have unfunded wars and Medicare expansions and tax cuts? And that the Gulf wars were the first time in US history that taxes were not raised to help pay for them? That the 2 wars, Medicare expansion, and tax cuts launched to Great Recession? The Republicans have won. They haven’t won anything politically but they sure won the long con bet on you
Fuck you.Obama the fucking traitor has surrendered to Russia and given Iran nukes.Quit bad mouthing your country 24/7 and supporting politicians trying to destroy this country!
Quit acting like the bitter American hating socialist you ARE and act like you care about this country.We ain’t taking your shit NO MORE!
Actually Big T you could help out by giving up your Medicaid and getting a Job.
Let’s not forget the unfunded Part D Medicare which gave away gazzilions of $$ to Big Pharma by agreeing to no bulk buying discounts for Medicare/Medicaid. Thanks you small gov’t repubs. Oh yeah, the Bush tax cuts didn’t help the national coffers either
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Holy crap. So now I’ have to take care of Tango through the rest of his miserable existance. Great!!!! Being in the 5% means you have to take care of people who hate you. Wonderful. Well, he better stop drinking in the mornings like he does now. I’ll help subsidize his drool bucket and bed pans, but I ain’t paying for his vodka sunrises anymore.
Enter Rocky!!! Oh my!!! How dare you mock GT when your dead beat NON Citizen mother in- law gets a taxpayer funded subsidy for Obamacare.
It’s the law sour puss. I followed the law, to the T – and that’s how it worked out. Don’t like it – change the law. At least she isn’t out boozin’ it up at 10 a.m. watching Fox News and chasing them vodka shots with OJ.
Hey.If you wanna raise a family of deadbeats,go for it.
Well don’t worry, it won’t impact you, you live in Ohio. What heck’s a Buckeye anyway – is that deer eyeball?
You’re just jealous. Rocky is taking care of his family while you’re solo slumming.
Damn boy.I got me a beautiful family.All of em edumacated, REAL Americans not cheating the system.
Agreed, Ohio Medicaid isn’t cheatin – you need to thank Kasich.
No Medicaid for me Rocky.Considered a sub contractor.Pay for my own insurance and have access to a great ‘secondary insurance’ policy that includes health insurance and personal liability and death benefits.
Feels good to play by the rules.My children see that I do and respect that.You will understand that someday.
St.Augustine NEXT week!
Enjoy. Casa Maya – I’m tellin’ ya!!!! So good. Hypolita Street.
Will check it out.
Hey, a place called Caps on A1A north of St. Augustine about 3 or 4 miles from Vilano – turn left at the castle. Great eats on the Intracoastal. Already jealous.
Soylent Green is the solution.
Seems like Graham was right about one thing – either everyone needs to start having more babies or we need a pathway to citizenship for the current undocumented.
Need some of those 94 million adults not working to help (80% democrats).
That’s a bullshit number, unless you believe everyone over age 16 should be working till they die. Most in that 94 million figure are seniors or school age.
You lie.Take out high-school-age kids (roughly 10 million) and Americans 65 and up (17.6 million) and you are STILL at 66 million ADULTS not working.
Maybe you should take out college kids, disability reciepents, stay at home Moms, and retiriees receiving SS under age of 65. You might find that number is close to 45 million. Just saying.
BLS Oct 1 – 65 and up not working 37.8 million.
BLS Aug 2015 16-24 not working 16.5 million BLS 55 and up not working 52.8 million
DOG WHISTLE ALERT. Why don’t you just come and say what it is you want to say? Trouble finding a little bit of spine when you reach back?
You can’t stand the truth.
Oh I can. I just didn’t see any in your comment about 80% democrats. The only thing is based on is what came out your ass
Aging demographics are not unique to the United States, they are global. Birth rates are down in advanced economies, emerging markets, you name it. So, immigration will not be a long-term solution as slower population growth
is expected worldwide over the coming decades. Consider the following
chart from the U.S. Census Bureau’s International Data Base, which
projects that the global population will continue flattening for the
next 35 years, until it will stop growing altogether. http://netrightdaily.com/wp-content/uploads/2015/01/WorldPopulation1950-2050.png
So unless the intention is to import senior citizens from other countries, I’d suggest we rethink the demographic issue. If the model holds up linking the working age population to economic growth, the only solution to our longer term challenges may be through sustained population growth. Americans and everyone else need to start having more kids, establishing new businesses, and creating new jobs, and so does the rest of the world. I add the caveat another baby boom would not be without consequence, either, as the last one appears to have fueled the Great Inflation of the 1960s and 1970s.
For more on population and economic growth for your interest: http://netrightdaily.com/2015/01/why-demand-is-bringing-down-the-economy/ Thanks for reading! :)
House Minority Leader Nancy Pelosi (D-Calif.) vowed Thursday that Democrats will happily join Republican supporters of the Export-Import Bank in their bid to force a vote to renew its charter.
With GOP leaders refusing to bring a vote on the bank’s reauthorization, Rep. Stephen Fincher (R-Tenn.) began circulating a discharge petition this week designed to circumvent those leaders and force the bill to the floor — a procedure that would require 218 lawmaker signatures.
Nobody gives a shit.I own you now.Thank you Hussein Obama.
gluhg, gluhg, gluhg, gluhg – belch!!! “Naw officer, it’s just water!!”
And the Middle East is imploding thanks to the total Fuck Up of Obama….This president is the biggest FAILURE since Carter, and he got 2 terms, so he’s twice as bad…