MONEY: There is no retirement fairy.

http://www.lewrockwell.com/north/north529.html

Debt: An Inescapable Concept
Part 2: Personal Debt
by Gary North

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There is no tooth fairy. There is no retirement fairy. There will be no streams of income for the vast majority of old Americans. There will probably be monthly checks. They will not buy much.

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Medical costs will destroy us. The unfunded promises of the Medicare and drug benefits will bankrupt the country. When the politicians make promises, they leave the bill for the future taxpayers to pick up the tab. When the bill comes due, it’ll be devastating.

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