Forum Post: Would you please protest the unsustainability of Medicare?

We must save Medicare!

From a Government Accountability Office report in February 2009.

"With respect to entitlement spending, the nation must change course before the deficit and debt reach unprecedented heights. The Government must act to bring social insurance expenses and resources in balance. Delays will increase the magnitude of the reforms needed and will place more of the burden on future generations. There is no simple fix to the projected imbalance between social insurance expenditures and revenues. The precise amount of the Government’s future financial responsibilities is far from certain, as they are based on many complex calculations and assumptions. Nevertheless, the magnitude of these responsibilities and the pressing need to control their continued growth are evident.The Government has made and is expected to continue to make a vast commitment of financial resources to establish and maintain stability in the credit markets. The Government expects that at least some of the financial assets acquired by the Government in its market stabilization efforts may eventually return full value to the taxpayer and possibly even earn a positive return on amounts spent as economic conditions improve. The Government has been able to take these stabilization actions because of the deep, liquid market for Treasury securities. The unsustainable growth in Social Security, Medicare, and Medicaid remains a long-term fiscal challenge to be addressed once the current credit crisis has passed and overall economic conditions have improved."

http://www.gao.gov/financial/citizensguide2008.pdf