Listening to Bernie Sanders you would think our biggest problems are inadequate Social Security benefits and inequality. He and certainly his young supporters ignore the real problems lurking that will mostly affect the middle class and the next generation. Here is an example.
With the latest report of the Social Security and Medicare Trustees, the programs’ unfunded liabilities, in present value terms, are $60 trillion. The worker-to-retiree ratio, which was 5.0 when Medicare was created in the mid-1960s, today is 2.5, and headed for less than 2.0 after 2030. Left out of this calculation, of course, is the growing rank of non-retired entitlement recipients whom tax-payers must also support. Wall Street Journal 2-10-16
In fact the biggest problem we face as a nation is politicians who ignore the core problems, mislead, make unachievable promises and who fail to understand the big picture and unintended consequences.