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interest on the federal debt and entitlement programs — the two largest being Social Security and Medicare.

Interest is a symptom rather than a cause. Interest rates, and hence interest expenditures, have been going up because of all the spending and the inflation that has resulted from this.

So, we wind up staring into the eyes of the elephants in the room.

Social Security and Medicare.

Even our champion of Make America Great Again, former President Donald Trump, has insisted that reform of Social Security and Medicare is off the table.

Federal spending is now around 25% of GDP. CBO projects it reaching 30% in 30 years. The average from 1962 to 2022 was 20.5%.

Most of the growth in that spending comes from interest, Social Security and Medicare.

We are a far different country today compared to when these programs were enacted — Social Security in 1936, Medicare in 1965.

The costs of Social Security, a retirement system, and Medicare, a health care payment system for the elderly, are driven by the percentage of elderly in the population. Lower birth rates, hence fewer children, and longer life spans means a higher percent of elderly and increasingly costly programs.

The median age in the U.S. in 1930 was 26.5. In 1960, it was 29.6. In 2021, it was 38.8.

Per a Cato Institute report, “unfunded obligations for Medicare and Social Security are equivalent to $650,000 for every U.S. household.”

Must our citizens take a beating with benefit cuts and retirement age increases? No. We need to transform from tax-based government systems to market-based systems of ownership. Markets and ownership are what built our country. Our problems began when we started turning to government.

But major change takes courage and leadership. And in this we seem to be sorely lacking.

I invite those Republican members of Congress, so bent on dumping on Speaker McCarthy, who has done his job keeping the nation functioning and moving forward, to step out and speak to the nation regarding how they propose to reform Social Security and Medicare.

And I invite our Republican presidential candidates, including the one currently leading in the polls, to do the same.

Star Parker is president of the Center for Urban Renewal and Education and host of the weekly television show “Cure America with Star Parker.” Her recent book, “What Is the CURE for America?” is available now. To find out more about Star Parker and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.



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