Mark Hillman - the rare person in political life (okay, not at the moment) whom I truly admire - writes in the clearest terms about the dose of bitter medicine America needs:The federal debt is more than $5 trillion — $48,359 per household. And that’s just the tip of the iceberg. We owe another $5 trillion to federal employees and veterans for health care and retirement benefits. However, the cost of retirement and health care programs for the general public really shafts our children and grandchildren. The unfunded cost of providing Social Security and Medicare benefits to everyone alive today is more than $45 trillion. That’s not the total cost; it’s the cost that cannot be covered by existing revenues. The board of trustees … [Read more...]