The only 3 possible solutions to the entitlements crisis — no, make that 3 fake solutions + 1 real solution.

One of the primary reasons for the entitlement crisis happening in this time frame is that roughly 78 million baby boomers will reach retirement age during this time period.

The primary reason for the “entitlement crisis” is people being told there is a crisis, when the so-called crisis is an invention of the rich. They want to grow richer by widening the Gap between the rich and the rest. This widening can be accomplished by reducing the net income of the rest. The government easily could fund entitlement programs, not just for the 78 million baby boomers, but for every man, woman, and child in America.

While many agree that the entitlement crisis is a huge issue facing the American economy, others believe that the issue has been blown out of proportion.

It hasn’t been blown out of proportion. It doesn’t even exist. It is pure fiction.

Some even go so far as to say that it is a sham used to raise taxes and scare the public out of their money.

I’ll say it. It is a sham used to raise taxes and to scare the public out of their money. Pure and simple.

There is no debate, however, on the United States economy being in a tough position. In order to stop a crisis, either now or further in the future, changes need to be made to remedy government spending.

Raising taxes to pre tax-cut rates would also allow more breathing room, along with downsizing many government programs.

The author restates the pitifully wrong “solutions” to the non-problem of federal insolvency.

(Alan Greenspan: “A government cannot become insolvent with respect to obligations in its own currency.”)

If nothing is done and lawmakers continue to turn a blind eye, the coming economic crisis may bear many similarities to the one which started in 2007.

The recession of 2007 was caused by reduced deficit growth from 2003 through 2007. It was cured by increased deficit growth from 2007 through 2009.

Fortunately, the problems at hand are not insurmountable, and changes in Social Security and Medicare can be made so that both programs can be sustainable.

These changes need to be implemented sooner rather than later, though, before it’s too late.

The “changes” lead us to the 4th, the real solution: The federal government should eliminate all FICA taxes and should fund:

1. Comprehensive, no-deductible Medicare for every, man woman and child in America.
2. Social Security benefits for every man, woman, and child in America, regardless of age, income, or wealth
3. School for grades K-12 + graduate levels for everyone who wants it.

That one tax cut and those three easily affordable benefits would enrich America far beyond current myopic visions. They permanently would eliminate the crippling and false financial equivalence between our Monetarily Sovereign U.S. government and the monetarily non-sovereign states, counties, cities, businesses, euro nations and people.

Scott Pelley: Is that tax money that the Fed is spending? Ben Bernanke: It’s not tax money… We simply use the computer to mark up the size of the account.

And finally, lest you believe the myth that federal spending causes inflation, it’s just that: a myth.