by Steven Ertelt
We should spend our attention on restoring the values that could rebuild families, produce more children and stop destroying the unborn.
With the first presidential debate and the only vice-presidential debate behind us, it seems pretty clear that so-called “social issues” are not going to get much attention in this year’s presidential politics.
It’s unfortunate, I think. We deceive ourselves to permit the assumption that values and behavior are not the real drivers behind our economic problems.
The fiscal crisis of our entitlement programs is the direct result of these values and behavior.
The fiscal soundness of Social Security, Medicare and Medicaid is rooted in the assumption that those who work can fund the needs of our elderly through payroll taxes. In the case of Social Security, we’re talking about retirement income; in the case of Medicare, health costs of the aged; and Medicaid, long-term care of low-income elderly.