September 14, 2012

Politicians Make Reason a Bad Word

[From article]
In both Europe and America, there are many people who get angry at those who tell them the truth that the money is just not there to sustain huge welfare state programs indefinitely. But that anger might be better directed at those who lied to them by promising them benefits that were inherently unsustainable.
[. . .]
It is today's young people who are going to be left holding the bag when they reach retirement age and discover that all the money they paid in is long gone. It is today's young people who are going to be dumped over a cliff when they reach retirement age, if nothing is done to reform entitlements.
Yet the young seem not to be nearly as alarmed as the elderly, who have no real reason to fear. Try reconciling that with the belief that human beings are rational.

http://townhall.com/columnists/thomassowell/2012/08/29/entitlement_reforms

Entitlement Reforms
Thomas Sowell
August 29, 2012
TownHall.com

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