To: goldstategop
Eventually, Social Security will be funded out of general tax revenue to cover the shortfall.
Agreed. That is inevitable, since the American public keeps refusing delivery on sound actuarial data.
So Trump may as well bite the bullet, do this, and score a HUGE political win. It will have the Democrats curled-up on the floor in the fetal position.
To: Buckeye McFrog
Medicare and SS will consume the entire federal budget if not reformed. 40% of all Medicare costs are funded thru the General Fund. By law, the premiums collected to fund Medicare Part B only cover 25% of the costs. The remaining 75% comes from the General Fund. With 10,000 Baby Boomers retiring every day for the next 20 years, the costs of Medicare will only increase. We will double the number of those over 65 by 2030. By 2030, one in five will be over 65.
51 posted on
12/30/2016 7:12:04 AM PST by
kabar
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