Medicare faces cost crisis
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/11/07/BUG0V9N54U1.DTL"Looking more than 75 years into the future, (Texas A&M economist Thomas) Saving estimates that the nation faces a $62 trillion unfunded liability for Medicare -- versus a $12 trillion gap for Social Security."
The lifespans of US citizens is around 78 years now according to the CDC.
These long term projections are being used as SCARE TACTICS by the neocons, just as they used them with the Reagan Tax Cuts in 1981. The next year, in order to pay for Reagan's tax cuts, the Social Security scare of 1982-83 went into effect and helped to pay for those tax cuts.
The VERY SAME modus operandi is in effect now with Bush's $1.8 trillion dollar tax cuts to the wealthiest 1 and 1/2 % of taxpayers and globalized corporations (who make more than $3 million per year), set to be 'paid for' with a carve-out trojan-horse private account plan.
Tonite on Lou Dobbs the overwhelming majority on the poll of how to fund SS said "raise taxes" in order to do it. Correct ! Progressive taxation on the beneficiaries of Bush's largesse along with those globalizing corporations should pay more NOT LESS into the system that supports them.
This is the only way to pay for Social Security and healthcare (Medicare/Medicaid). Even Warren Buffett knows this, as when he called for higher corporate taxes, 'Warren Buffett Urges Higher Corporate Taxes'
www.commondreams.org/headlines04/0306-01.htm