Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Theoria

“Spending is outpacing revenue. “

Up until this year, Social Security current yearly contributions exceeded yearly payouts. Even for the next 15 years, the total of yearly contributions plus interest on bonds purchased with past surpluses will, in total exceed payouts.

The claim that Social Security has contributed to recent deficits is a lie.


15 posted on 01/22/2020 8:19:17 PM PST by rintintin
[ Post Reply | Private Reply | To 11 | View Replies ]


To: rintintin
And medicare? Healthcare costs is a bomb. They are passing it to the next generation via debt. Generational giving of debt should be criminal. The reality is we have been kicking the can down the road for years, and ‘prospering’ because we are helping to fund the economy with vast government spending.
20 posted on 01/22/2020 8:27:42 PM PST by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
[ Post Reply | Private Reply | To 15 | View Replies ]

To: rintintin
" for the next 15 years, the total of yearly contributions plus interest on bonds purchased with past surpluses will, in total exceed payouts."

But that will be paid by taxpayers. No one else.
Yeah Trump should stay away from this, and he does. Media is trying to lie him in.

50 posted on 01/22/2020 10:04:54 PM PST by mrsmith (Dumb sluts (M / F) : Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson