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Farmer-Rick

(11,516 posts)
5. Yes, and thanks for all those important details.
Sat Jan 21, 2023, 06:36 PM
Jan 2023

But if we could fix our broken health care system, Medicare would not be depleting their trust fund so rapidly. If government can't keep up with medical expenses how do they expect the average person to be able to keep up with it?

And the SocSec trust fund was supposed to be depleted after the last Baby Boomer dies. Then SocSec is supposed to be covered by current income taxes. The SocSec trust fund was just a pass through account before Raygun and Greenspin played with it. It's supposed to go back to being a pass through account after the last Baby Boomers passes.

So, taxes for SocSec need to be increased to meet that requirement. Lifting the cap higher should do the trick. The OASDI currently has almost $3 Trillion. And the filthy rich want to get their hands on that almost $3T, that's why they want to take away and privatize your retirement funds.

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Latest Discussions»Issue Forums»Economy»I don't understand. Yelle...»Reply #5