Quote (Thor123422 @ Apr 15 2018 05:06pm)
Our deficit started well before 2010. :huh:
Its got a huge surplus built up to help ride this out, at least it did until republicans started dipping into it to fund illegal wars.
Dipping into the surplus started under the LBJ administration to pay for the "Great" Society programs.
Quote (Ghot @ Apr 15 2018 05:14pm)
Social Security is paid for by every person that works, in the US. Each person, more or less, pays his own future Social Security, out of each paycheck.
This system worked fine, right up until the US govt. started loaning themselves some money from the SS fund. Then didn't pay it back.
Medicare Part A comes with Social Security, Part B, C, D etc., are payed for by the SS recipient.
Yes, the amount of folks on SS grows exponentially, but so does the amount of folks paying INTO SS all their working lives. All that has to happen to get SS back on track, is for the govt. to pay back what they took from SS. Well, and people that didn't work all their lives in the US and pay into SS, shouldn't get it.
If these two things are done, SS works fine.
SS has always been pay-as-you-go, so when the ratios of workers to retirees keeps falling (when enacted, there were 12 to 1, today there are less than 3 to 1), the program itself becomes the problem.
This post was edited by Santara on Apr 15 2018 08:15pm