To: gg cox who wrote (6237 ) 3/3/2009 4:52:37 PM From: i-node Respond to of 42652 On the Taiwan adoption of American Medicare concepts -- I wasn't involved in health care in the 60s, so I can't say much about what Medicare was or wasn't back then. But I suspect that 10 years in, Medicare looked pretty good. It hadn't started producing massive deficits yet, the systems were brand-spanking new and looked impressive I'm sure, and the number of people who were reliant on it was likely relatively small. Social Security undoubtedly looked great to everyone in 1943. But who knew that these two programs, by 2009, would have produced a $50 TRILLION unfunded, unrecorded liability for our nation that obviously cannot ever be paid off? FDR, when he pushed SS through the Congress, made reference to the fact that if the system were not self-sufficient in "1980" it would have been a failure. Well, sure enough, 1980 came and SS had us underwater in debt. 30 years later, it is that much worse. These programs all start off looking great. But over the long haul -- 50, 60, 70 years, they collapse on themselves. Look at unemployment insurance at the time FDR signed it into law versus now. He envisioned a program which would be funded SOLELY out of taxes levied on employers to provide a little help for those who lost their jobs. Today, it becomes a way of life providing months, even years, of extended benefits for the unfortunate people who find themselves out of work. And in many, many cases, it is abused beyond belief. Look at the EITC, which was first put into the tax code as a little help for single parents who make little money. Today, it is a huge welfare bureaucracy. It is unfortunate, but programs such as these are pathologically unable to remain effective over the extended periods of time required of them. These programs are the single biggest threat to our country after the immediate threat of terrorism, IMO.