China is already in default on $1.6 trillion in Chinese bonds owned by Americans that China hasn’t paid on since they became communist.
Here’s what I propose: A Constitutional Amendment declaring a Jubilee Year fifty years from the date of ratification.
In that year all debts public and private will be absolved and no new debts will be issued and any that are issued will be legally invalid.
If possible, I’d go further to prohibit the Federal or State governments from carrying any debt for more than five years.
It will never happen unless we bring the bankers to heel and put an end to the financialization of our markets. That might require executing a few bankers both at home and abroad.
Medicare Trust Funds
Medicare is paid for through 2 trust fund accounts held by the U.S. Treasury. These funds can only be used for Medicare.
Hospital Insurance (HI) Trust Fund
How is it funded?
Payroll taxes paid by most employees, employers, and people who are self-employed
Other sources, like these:
Income taxes paid on Social Security benefits
Interest earned on the trust fund investments
Medicare Part A premiums from people who aren’t eligible for premium-free Part A
What does it pay for?
Medicare Part A (Hospital Insurance) benefits , like inpatient hospital care, skilled nursing facility (snf) care , home health care , and hospice care
Medicare Program administration, like costs for paying benefits, collecting Medicare taxes, and fighting fraud and abuse
Supplementary Medical Insurance (SMI) Trust Fund
How is it funded?
Funds authorized by Congress
Premiums from people enrolled in Medicare Part B (Medical Insurance) and Medicare Drug Coverage (Part D)
Other sources, like interest earned on the trust fund investments
What does it pay for?
Part B benefits
Part D
Medicare Program administration, like costs for paying benefits and for fighting fraud and abuse
https://www.medicare.gov/about-us/how-is-medicare-funded
https://news.va.gov/111089/13-places-free-wills-trusts-veterans/
Be aware that wills not notarized at their creation have to be proved valid (a somewhat costly process) at least here in Florida.
A notarized will is considered a self-proved will here in Florida.
I have a will but it is not a self-proved will.
https://charitiesforvets.com/the-problem/
recommendations by charity:
https://charitiesforvets.com/charity/
Any cut whatsoever to Social Security (not SS disability) or Medicaid is sheer suicide.
Not going to happen, and any idiot that thinks is will, or should, needs to be tossed off the same cliff that will be re-used in any commercial about tossing grandma off of it./
Just nope; there is no political objective, tax cut, or military program that is more important as far as one BIG chunk of the population is concerned.
Members of Congress and retired members should have their pay and retirement checks stopped immediately after the default and not one more nickel to Ukraine or any foreign nations. Of course we all know that Congress will continue to get paid as will the Ukrainians while Social Security recipients and active military will get IOUs