SS and Medicare running out of money, and Republicans want to kill not fix it.
With stagnant wages and fewer people paying into Social Security and Medicare, is it any surprise the programs are going broke?
The Democrats warned people about Paul Ryan’s not so hidden agenda behind the tax cuts…besides letting people who have tons of money to keep even more it.
A new report on Social Security and Medicare finds that the system is now paying out more than it brought in, forcing the system to dip into its $3 trillion pool of reserves — for the first time since 1982.
This was all baked into the tax cut. That’s why Ryan is retiring, he knows his dream cuts are inevitable:
Overall, it suggests that taxes to fund systems for retired or disabled Americans either have to go up, or benefits have to eventually be cut. Today, there are 62 million people in the Social Security System, a number that’ll jump to 90 million by 2040. And by then, there will be fewer workers supporting those beneficiaries.
Trickle Down Voodoo will Save us All: You were waiting for this one weren’t you?
However, in a statement, Treasury Secretary Steven Mnuchin said “the administration’s economic agenda — tax cuts, regulatory reform, and improved trade agreements — will generate the long-term growth needed to help secure these programs and lead them to a more stable path.”
He said so himself…:
If Social Security, Medicare, Medicaid, and the countries infrastructure cost so much and is running out of money, why are we cutting taxes that fund what we need?
A former liberal radio talk host who likes to ask the “follow-up question” at Democurmudgeon.blogspot.com
Source: https://democurmudgeon.blogspot.com/2018/06/ss-and-medicare-running-out-of-money.html
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Whistler Blowers, Insiders
So, raise taxes? How about we cut government spending and the trillions lost just before 911. Those trillions were stolen and no one seems to care.
23 trillion missing in the Pentagon.
7+trillion on fake democracy crusades in the middle east since 911
3/4 trillion tax donations annually for weapons
NOTHING for those who have paid the social security fees out of each check their entire lives?
Wasteland Americans R the dumbest cattle on the planet.