Some of the responses I’ve had to the blog have directed me to read related articles and opinion pieces. I wanted to share some of them. First is a story about billionaire Stanley Druckenmiller who is going around the country talking about how Medicare and Social Security represent a type of Robin Hood in reverse.
One of the points I’ve been making about Medicare spending is its contribution to the exploding deficit. Columnist Eugene Robinson’s opinion is that we should be thinking about job creation and not just deficit reduction. The deficit is expanding, but not at the rate it was when the recession was most felt. He also notes that there has been a significant drop recently in the rate health care expenses have increased.
The third article is not directly related to entitlement spending, but was a very interesting read about how accelerated advances in artificial intelligence will impact work, and workers, in the future. Of course the indirect implications are huge if the result is fewer workers/earners/tax payers in the economy.