If the U.S. goes bankrupt Social Security and Medicare will be the reason. These two programs account for about 44 percent of annual government spending. And the amount of waste and fraud is beyond belief (lots of documented proof of this, even 60 Minutes had to weigh in). For comparison, the defense budget accounts for 25 percent of spending and welfare 13 percent.
If interested, read my editorial "An Appeal to the Greatest Generation" found on the right margin of this page.
