Submitted by Tyler Durden on 05/16/2012 - 12:08 Guest Post Medicare national security Payroll Data
What we have is a system where the full-time worker to beneficiary is already 1-to-1 and the system pays out 10 times more per person than it collects in taxes. The Medicare system would need about 10 workers for every beneficiary to be sustainable. Right now the ratio is just above 2-to-1. That simply is not sustainable. Tweaking the payouts doesn't change the basic math: "pay as you go" entitlements are not sustainable when the number of recipients equals the number of full-time workers. Programs that pay out $400,000 per person (many of whom did not work a lifetime) and collect $40,000 per lifetime of full-time work are not sustainable.
Wishing the math were different does not make it different.
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http://www.zerohedge.com/news/which-unsustainable-will-go-away-medicare
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