Srdjan, LOL.

The problem is that everybody agrees that belts need to be tightened, but some people always want it to be somebody else's belt, even if that person hasn't had a meal today. Tightening our own belts to contribute reasonably towards all the services we expect, including Medicare, apparently is an injustice. As a result, the unfunded Medicare liability balloons to $45T which probably can't be funded even from new taxation, especially now that unemployment is becoming the norm for so much of society. To try to prop up Medicare and its ilk, part of the burden must fall on current and imminent recipients... many of whom simply don't have the $. Even those who say "let them eat cake" to the poor will hesitate before telling millions of grandmas to fend for themselves. But in the end "somebody" has to pay and the Ponzi scheme run by politicians for decades to satisfy the electorate, has reached its inevitable conclusion. There really are no more Peters to pay Paul in such a stagnant economy that is swimming in debt. Sadly the electorate seems more excited by attacks on their political opponents (and the idea of tax cuts for themselves) rather than the economic elephant in the room.