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To: Red Badger

Now cut welfare entitlements. it should be a state issue, not federal.


10 posted on 12/19/2024 10:19:27 AM PST by Salvavida (NS)
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To: Salvavida
>Now cut welfare entitlements. it should be a state issue, not federal.

I hate to tell you this, but Social Security and Medicare/Medicaid are Federal entitlements, which are a large component of the National Federal Debt, and it is purely up to Congress to decide if when and how these entitlements are payed out.

For "Social Security", this is clearly spelled out in Section 1104 of the original SSN act of 1935, and confirmed by the Supreme Court in Fleming vs Nestor

Medicare is just an expansion of Social Security per The Social Security Amendments Act of 1965.

As shown by the latest report from the SSN Trustees, SSN has been spending more than it has been getting from payroll taxes for at least the last two years.

This would not appear to be an issue until ~2033, when the current $2.6 trillion in special bonds held by the trust fund runs out, but the big lie is these special bonds are nothing but IOUs and the money was spent years ago.

In other words Social Security is bankrupt now, and the difference between payroll taxes and outlays for SSN is made up by income taxes !!!

28 posted on 12/19/2024 11:24:35 AM PST by SecondAmendment (The history of the present Federal Government is a history of repeated injuries and usurpations ...)
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