Entitlements on path to insolvency

[PartyOf5]

Both Social Security and parts of Medicare are on paths to insolvency. Thanks Boomers.

http://www.spectrumlocalnews.com/nc/cha ... rting-2026

Medicare trust fund to run out of money 3 years earlier than thought
Federal report: Medicare trust fund to be insolvent by 2026

The report by the trustees stressed that they've said before that the fund in trouble is not adequately financed over the next 10 years.

https://www.washingtonexaminer.com/opin ... re-to-9-11

By 2034, however, those past program surpluses will be spent, meaning that benefits will have to be slashed by 25 percent for Americans who are around 50 years old right now.

As the Social Security crisis keeps getting closer, the political parties are moving further away from doing anything about it. For Democrats, not only is it an article of faith that there is no Social Security crisis, liberals actually want to expand it. Meanwhile, President Trump campaigned on leaving entitlements alone, and whatever Tea Party generated GOP enthusiasm existed for tackling the nation's debt problem dissipated once Barack Obama left office.

Everyone in congress should be required to take at least some basic Economics, Math and Finance classes. Then again, most of them probably know the math, they just don't care. Their math involves bribes, special interests, and whatever calculus that ends with them staying in power.

[Kath]

As the Social Security crisis keeps getting closer, the political parties are moving further away from doing anything about it. For Democrats, not only is it an article of faith that there is no Social Security crisis, liberals actually want to expand it. Meanwhile, President Trump campaigned on leaving entitlements alone, and whatever Tea Party generated GOP enthusiasm existed for tackling the nation's debt problem dissipated once Barack Obama left office.

Since neither party cares about fiscal responsibility, it will continue. We'll print more money, raise the debt ceiling, whatever it takes. We could really use a fiscally responsible, freedom loving party.

I'm 51 - my dad told me (when I started paying taxes at 16,) that I should never count on social security. Told me it would all start crumbling down as I got closer to retirement. This has been a known issue for many decades. The two parties have exchanged power back and forth, and nothing gets done.

The only difference between the two parties is which wedge issues they pretend to support to frenzy up the masses. This leaves them free to engage in their treasonous behavior that will eventually bankrupt the country.

[Martin Hash]

Neither SS nor Medicare will ever be "cut." My goodness, Trump just added another $trillion to the deficit for The Rich; it's a no-brainer that increasing the deficit for SS or Medicare is the logical solution.

The reason people say the Trust Funds are "running out" is because the enacting laws specifically state that money paid out to SS & Medicare must be collected as SS & Medicare. Expect that part of the law to change so that General Funds can be used.

[PartyOf5]

I'm 51 - my dad told me (when I started paying taxes at 16,) that I should never count on social security. Told me it would all start crumbling down as I got closer to retirement.

My parents never told me that, but I've been in that mindset for years now. I'm planning our retirement based on what we have saved ourselves. Anything we get from SS will be a bonus. What I do fear is that somehow my planning and saving will be penalized when I retire and a chunk of it will be "confiscated" to help pay for all those who never saved a thing.

[PartyOf5]

Neither SS nor Medicare will ever be "cut." My goodness, Trump just added another $trillion to the deficit for The Rich; it's a no-brainer that increasing the deficit for SS or Medicare is the logical solution.

The reason people say the Trust Funds are "running out" is because the enacting laws specifically state that money paid out to SS & Medicare must be collected as SS & Medicare. Expect that part of the law to change so that General Funds can be used.

So I'll just get screwed in a different manner in order to pay for others.

[DBTrek]

America is all about the grasshoppers robbing the “privileged” ants. Because those ants only busted their ass and saved for a lifetime because the system gave them special treatment, maaaaaan!

[C-Mag]

Social Welfare Programs are a trap. Like Communism there is a limited number of years your society can function with the government doling out money, and once you start, it's pretty impossible to even maintain the status quo. Once you start Social Welfare Programs, politicians will keep going back to the well to ensure political power during their career.

[Kath]

Social Welfare Programs are a trap.

I want my SSI money back. I've paid boatloads of cash into it in the last 35 years. Pretending my getting it back is welfare is odd. If I don't get it back, it's theft. You have it backwards.

[Martin Hash]

It seems unlikely that anything financial will be as it is for much longer. It's not so much that wealth will all go to the top, but that productivity will decline drastically such that it will be exceeded by consumption. Consider the current financial shell game simply a way to keep things going as long as possible. Funny thing is, there is no reason productivity cannot continue to dramatically exceed production but everyone will get so resentful and perverse that they'd rather sit on their hands than contribute another moment of effort.

[C-Mag]

Social Welfare Programs are a trap.

I want my SSI money back. I've paid boatloads of cash into it in the last 35 years. Pretending my getting it back is welfare is odd. If I don't get it back, it's theft. You have it backwards.

Oh yeah, we Gen Xers get caught between the Most Selfish Generation(more accurate than boomers) and their hellspawn Millenials............. guess who pays.

Fuck 'Em Kath, we'll thrive anyway.