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In reply to the discussion: Medicare, Social Security Face Shaky Fiscal Futures, Report Shows [View all]DeminPennswoods
(15,278 posts)23. Reports like this make me crazy
There is NO trust fund to "run dry". If revenues exceed outlays, the excess is, by law, invested in US Treasury bonds. When needed, those T-bills will be redeemed just like any other bond holder can do at any time.
Otherwise, social security and medicare are "pay as you go" programs. If or when outlays exceed revenue from payroll taxes, then social security and medicare would need funds from the general federal budget. A few years ago, I read an analysis saying this might be in the neighborhood of 2% of the federal budget. Just for comparison, DoD eats up 25% of the budget.
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Medicare, Social Security Face Shaky Fiscal Futures, Report Shows [View all]
appalachiablue
Apr 2019
OP
You know, I bet if every bit of income was taxed instead of having a cut off around 129K
LiberalArkie
Apr 2019
#2
It's actually closer to 20% and, as I said, that's not "insolvent" and it can be easily fixed
PSPS
Apr 2019
#18
It is time to acknowledge that our healthcare system has failed miserably and it IS time for
walkingman
Apr 2019
#5
Sarah Sanders is full of chit, but this is a real problem that simply taxing the rich won't solve.
Hoyt
Apr 2019
#6
The Repubs' ideas to "protect" SS & Medicare is to privatize them, so they wither on the vine.
Honeycombe8
Apr 2019
#7
One thing that might help would be to remove the cap on how much people are taxed per year as
cstanleytech
Apr 2019
#13
Dems need to be campaigning hard on strengthening/preserving the fundamentals like
Kashkakat v.2.0
Apr 2019
#15
Elizabeth Warren did a good job of explaining this. The problem is that the R's,
pnwmom
Apr 2019
#22
The GOP said cuts/theft were coming and now the fake reports start, Bloomberg with the first shot.
sarcasmo
Apr 2019
#24
The "fraud and abuse" is wealthy folks aren't paying enough in payroll taxes
IronLionZion
Apr 2019
#31