After Obama's "budget" came out today, everyblogger and his auntie posted some sort of graph or pie-chart.
This one got my attention because it is wrong in a significant way. It defines Social Security, Medicare and Medicaid as "insurance."

Those programs may have started as insurance but they are now
entitlements unlike REAL insurance. Home-owners and auto insurance are real insurances. Health "insurance" has been so perverted that it can no longer be called insurance. Real insurance is what you pay IN CASE something bad happens. Health "insurance" has now become more like an "extended auto maintenance plan."
And Social Security, Medicare and Medicaid are definitely not insurance. As any sane person knows, they are all basically Ponzi schemes, wealth redistributive socialist "entitlements." They consume 41% of all taxes. Together with "welfare" and other socialist schemes/scams, they account for 70% of our budget.
And sadly we are stuck with them. No politician (except maybe Ron Paul who's dreaming) will advocate scrapping them. But they will have to be curtailed or limited. The problem with socialism, as Maggie said, is that eventually you run out of other peoples' money. Socialism/welfare statism is unsustainable.
The Baby Boomers are going to have to bite the bullet and start treating Social Security, Medicare, Medicaid and other "welfare" scams as insurance - a safety net for those who are disabled. You don't get it if you don't need it.
That means "means testing." It's the only compromise that is possible, feasible and likely. There will be a lot of jostling about the way "means testing" is instigated but all "entitlements" will have to be limited to an "as needed" basis and treated as real insurance. That is: you pay IN CASE something bad happens and you don't collect unless "something bad happens." You don't get it if you don't need it.
How much we each pay into or collect from this insurance against disability or other calamity must be determined on real actuarial data and the proceeds need to be invested just as insurance premiums are.
Let the food fight begin.