To: drbuzzard
Social Security + Medicare is $1.29 Trillion in the FY2012 budget. The taxes which people pay to cover those programs come to $862 billion. Of the two, Medicare is ridiculously short. It pays out $468 billion on taxes which amount to $202 billion. Social Security is not nearly as bad, though it is certainly already in arrears. It pays out $761 billion while bringing in $660 billion in taxes.
This does not include either medicaid, or the disabled portion of social security. This is just the stuff for retirees.
Cold hard numbers. Good post. Cash flow is simple arithmetic. Anyone who wants to understand can understand. The issue is "wants to". PS - Where did you find the 2012 numbers?
To: MontaniSemperLiberi
584 posted on
01/07/2012 9:19:27 PM PST by
drbuzzard
(different league)
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