Sponge Homer

Homer H. Hillis, Jr. sponges all kinds of information, business, political and trends. I've been seen on the Sally Jesse Rafeal show with noted trend spotter Faith Popcorn. My Blog will give you an over view of what I'm seeing and reflections on the same.

Tuesday, January 03, 2006

Happy New year my blogger buddies who knows how many maybe all 2 of you--I believe this, "As the Johns Hopkins University foreign affairs specialist Michael Mandelbaum puts it: "The greatest threat to America's role in the world today is not China. It's Medicare."
My dad who is 80 was in the hospital last summer today he's still getting bills from the myriad of doctors who worked with him--one doctor billed him .88 cents. 88 Cents---we are in a medical crisis and its going to get worse:
USA Today recently quoted David Walker, the U.S. comptroller general, as saying we are about to be hit by "a demographic tsunami" that will "never recede." The baby boomers total 77 million, and their first wave turns 60 this year. Unless we trim the Medicare and Social Security benefits promised to these boomers, the paper noted, America's "national debt will grow more than $3 trillion through 2010, to $11.2 trillion. ... The interest alone would cost $561 billion in 2010, the same as the Pentagon [budget]."


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