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lectur3-page14 - medicare On top of that the elderly...

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Let’s take a look at two of the big drains on the budget. Social Security and Medicare benefits. These two programs totaled $857.2 billion in 2005, representing approximately 57.5% of all entitlement programs and about 35% of the total federal budget. The future demands on these two programs are obvious due to the increasing number of retirees in this country. Don’t forget the baby boomers that are quickly approaching their “golden years”. How many of you want to cut your grandparent’s social security benefits and increase the premiums they must pay for medicare? On top of that the elderly population in this country is a formidable
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Unformatted text preview: medicare? On top of that, the elderly population in this country is a formidable political force that is growing as I type. The population has a record of high voting participation to accompany their growing numbers. Click on the “voting data” link in the slide above and take a look. How many of you seriously participate in the electoral process? How many of you seriously keep up with what is going on in the political arenas that will have an impact on your futures, and pocket books? 14...
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