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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Jan. 8, 2013 / 26 Teves, 5773

Get ready for real crisis

By Tom Purcell




http://www.JewishWorldReview.com | Washington's self-created "fiscal cliff" crisis has been somewhat resolved, which means we can continue ignoring the real fiscal crises that are dead ahead.

Medicare offers a fine example.

The Medicare mess began in 1965 when Lyndon Baines Johnson continued FDR's tradition of buying votes with the voters' own money: That's when LBJ signed Medicare into law.

Medicare actually worked well for many years — when there were lots more people paying into the insurance program than there were Americans over 65 using it.

But, like most government programs, Medicare was too good to last. There are four reasons why.

First, old folks don't croak anymore — or at least live longer. They are happier and healthier than ever before, as anyone would be who doesn't pay local taxes and gets free coffee at fast-food joints. But many of them receive Medicare, which is costly.

Second, new medical technologies are expensive, which drives up Medicare costs. These technologies are keeping people alive, which is terrific, but that has the effect of further driving up Medicare costs.

ObamaCare is killing technology companies' incentive to keep inventing life-saving devices — it places a 2.4-percent tax on gross revenue, which equates to a massive 15-percent tax increase on profits — but that is another story for another time.

The third reason Medicare costs are soaring has to do with medical inflation, which has risen dramatically over the years. This inflation is partly due to the government pumping billions into the medical system via Medicare.

That's right, Medicare has helped drive up the cost of Medicare.

The fourth reason is the biggest driver of soaring Medicare costs: Baby boomers are retiring in big numbers. Today, about 48 million Americans are enrolled in Medicare. That number will jump to more than 80 million.

This year, the federal government will spend just over $600 billion on Medicare. That number accounts for 60 percent of the federal deficit now. It will jump to $1 trillion by 2020 and continue to soar from there.

In 1965, there were nearly five workers paying into the system for every person receiving benefits. Today, there are only three workers paying in for every person taking out — a ratio that will drop to 2-to-1 in 2030 when millions of baby boomers are enrolled in the system.

We are unable to meet our current obligations and are coming up $1 trillion short every year. How on Earth are we going to meet future Medicare obligations that are growing by leaps and bounds?

Yet most of our political leaders, in particular our president, have not done a whit to address this very real problem.

During his first term, President Obama established the Simpson-Bowles commission to identify non-partisan solutions to our debt and deficit crisis — our real crisis — and then promptly ignored it.

The president and Congress took us through this fiscal-cliff nonsense without touching the elephant in the room.

So here we are, stuck on stupid, headed for certain disaster, and nobody is doing a thing to get Medicare under control before it and the other entitlement programs sink us all.

You'd think that when a person casts a vote for a particular political leader, the voter would demand that the leader lead — but only a minority of American voters have any idea how frightening our financial situation is.

And you'd think that leaders would willingly accept a crisis they are presented with during their time in office — but our president is choosing to ignore the real one he is facing.

That is the real crisis.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

JWR Contributor Tom Purcell, author of 'Misadventures of a 1970's Childhood,' is a nationally syndicated columnist. Comment by clicking here. To visit his web site, click here.


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