Sunday, October 21, 2007

Mark Steyn:"...Euro-style entitlements...That's the real "war on children": in Europe, it's killing their future. Don't make the same mistake here."

Mark Steyn hits the SCHIP ball out of the park 'for the children' and puts it into orbit for future historians to find (HT: WizBang):
...So what is the best thing America could do "for the children"? Well, it could try not to make the same mistake as most of the rest of the Western world and avoid bequeathing the next generation a system of unsustainable entitlements that turns the entire nation into a giant Ponzi scheme. Most of us understand, for example, that Social Security needs to be "fixed" – or we'll have to raise taxes, or the retirement age, or cut benefits, etc. But, just to get the entitlements debate in perspective, projected public pensions liabilities in the United States are expected to rise by 2040 to about 6.8 percent of our gross domestic product. In Greece, the equivalent figure is 25 percent – that's not a matter of raising taxes or tweaking retirement age; that's total societal collapse...
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