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Social Security and Medicare #7347070
09/03/21 07:37 PM
09/03/21 07:37 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline OP
trapper
Steven 49er  Offline OP
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
Projections are Medicare will be in the red in 2026 and Social Security trust fund will run out in 2034 necessitating a 20 percent cut in payouts.

Those numbers are projections, the reality is it will be sooner.

What is the "fix"?


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Social Security and Medicare [Re: Steven 49er] #7347076
09/03/21 07:43 PM
09/03/21 07:43 PM
Joined: Jan 2019
Posts: 3,554
North central Iowa
B
Bob_Iowa Offline
trapper
Bob_Iowa  Offline
trapper
B

Joined: Jan 2019
Posts: 3,554
North central Iowa
Well Steve the fix is pretty easy just nobody want to do it, you quit increasing pay rate and pay more in taxes.

Re: Social Security and Medicare [Re: Bob_Iowa] #7347081
09/03/21 07:47 PM
09/03/21 07:47 PM
Joined: Dec 2006
Posts: 1,140
Texas Hill Country
C
Cedar Hacker Offline
trapper
Cedar Hacker  Offline
trapper
C

Joined: Dec 2006
Posts: 1,140
Texas Hill Country
One fix would be for the general fund to pay the social security trust fund what it is owed.

The largest debt owed by the federal government is to the SSTF. They have been taking excess funds for years and writing IOU's to the SSTF.


Sit on your horse on top of a ridge, look out across the country and tell me there is no God.

Re: Social Security and Medicare [Re: Steven 49er] #7347082
09/03/21 07:47 PM
09/03/21 07:47 PM
Joined: Dec 2010
Posts: 11,134
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,134
Armpit, ak
Print money. The answer for all spending.


Who is John Galt?
Re: Social Security and Medicare [Re: Steven 49er] #7347085
09/03/21 07:49 PM
09/03/21 07:49 PM
Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
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G

Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
The Gubmint has been broke for years. They just can't kick the can down the road any futher. The grim reaper is arriving.


Life ain't supposed to be easy.
Re: Social Security and Medicare [Re: Steven 49er] #7347110
09/03/21 08:09 PM
09/03/21 08:09 PM
Joined: Jul 2016
Posts: 3,928
NY
Canvasback2 Offline
trapper
Canvasback2  Offline
trapper

Joined: Jul 2016
Posts: 3,928
NY
Here is the REAL FIX, and NOBODY is going to like it !!!

First thing we all have to understand and accept, whether we like it or not, the Birth Rate is not keeping up with the Retirement rate. Less people being Born every year, and more people retiring every year. There are more people collecting Medicare and Social Security , than there are people paying into the system.

So, what is the fix ????


It's to have to include several different additions and changes to the System.

1. Increase in the Federal Income Tax.

2. Increase in the Payroll Tax.

3. Eliminate the ability to collect Social Security before full retirement age.

4. RAISE the Age to collect Social Security, to 5 YEARS PAST THE CURRENT AVERAGE LIFE EXPECTANCY. When Social Security was first started, most people did not live long enough to collect Social Security. Right now , the Current life expectancy in to the USA, is 77.8 Years. When the first people started to collect Social Security payments. in 1937; the average Life Expectancy was 58 years. The Birth Rate was also much higher back then. When Medicare was enacted in 1965, he ALE was 70.21 years. Again, the Birth Rate was higher back then.

I can see no other way to stabilize Medicare and Social Security for the long haul. Federal Income Tax, Payroll Tax, Eliminating the ability to collect before full Retirement Age, AND raising the age to collect Social Security to 5 years past the Current and any future Life Expectancy increases: are all going to have to be part of a HUGE change in how the Medicare and Social Security System pays out benefits.

Re: Social Security and Medicare [Re: Steven 49er] #7347115
09/03/21 08:10 PM
09/03/21 08:10 PM
Joined: Dec 2006
Posts: 29,747
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 29,747
williamsburg ks
ss comes out of the general fund. just like welfare. when do they project welfare to run out of money????????????????????


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: Social Security and Medicare [Re: Steven 49er] #7347118
09/03/21 08:15 PM
09/03/21 08:15 PM
Joined: Jul 2016
Posts: 3,928
NY
Canvasback2 Offline
trapper
Canvasback2  Offline
trapper

Joined: Jul 2016
Posts: 3,928
NY
I suppose one could include a Federal Sales Tax on all sales , in all the States. That money would go directly to the Medicare and Social Security Trust funds.

Re: Social Security and Medicare [Re: Steven 49er] #7347119
09/03/21 08:15 PM
09/03/21 08:15 PM
Joined: Sep 2010
Posts: 2,779
Northern lower Michigan
Feedinggrounds Offline
trapper
Feedinggrounds  Offline
trapper

Joined: Sep 2010
Posts: 2,779
Northern lower Michigan
How come Social Security is always running out of money, and welfare never runs out of money. NO!!!!! I don't go along with raising retirement age!! Move all disability cases on Social Security over to welfare. Pay back what is owed to SS trust fund. I have been paying into SS for well over 40 years!


you're only allowed so many sunrises... I aim to see every one of them!
Re: Social Security and Medicare [Re: Steven 49er] #7347122
09/03/21 08:17 PM
09/03/21 08:17 PM
Joined: Jul 2016
Posts: 3,928
NY
Canvasback2 Offline
trapper
Canvasback2  Offline
trapper

Joined: Jul 2016
Posts: 3,928
NY
Is it even possible to eliminate the Federal Debt within 4 Years ?

Re: Social Security and Medicare [Re: danny clifton] #7347128
09/03/21 08:19 PM
09/03/21 08:19 PM
Joined: Dec 2010
Posts: 11,134
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,134
Armpit, ak
Originally Posted by danny clifton
ss comes out of the general fund. just like welfare. when do they project welfare to run out of money????????????????????

I think the word is fungible?


Who is John Galt?
Re: Social Security and Medicare [Re: Feedinggrounds] #7347131
09/03/21 08:20 PM
09/03/21 08:20 PM
Joined: Jul 2016
Posts: 3,928
NY
Canvasback2 Offline
trapper
Canvasback2  Offline
trapper

Joined: Jul 2016
Posts: 3,928
NY
Originally Posted by Feedinggrounds
How come Social Security is always running out of money, and welfare never runs out of money. NO!!!!! I don't go along with raising retirement age!! Move all disability cases on Social Security over to welfare. Pay back what is owed to SS trust fund. I have been paying into SS for well over 40 years!



Don't tell Coonman220 that !!!!!!!!
laugh

Re: Social Security and Medicare [Re: Steven 49er] #7347133
09/03/21 08:21 PM
09/03/21 08:21 PM
Joined: Nov 2017
Posts: 36
Lawrence county Indiana
TNorman Offline
trapper
TNorman  Offline
trapper

Joined: Nov 2017
Posts: 36
Lawrence county Indiana
Surprised no one has said it yet but not giving unemployment to anyone and everyone that just doesn't want to work and forcing them back into a job that pay into ss would be a good start also id think.

Re: Social Security and Medicare [Re: Steven 49er] #7347134
09/03/21 08:21 PM
09/03/21 08:21 PM
Joined: Aug 2012
Posts: 3,971
South Dakota
R
Rat Masterson Offline
trapper
Rat Masterson  Offline
trapper
R

Joined: Aug 2012
Posts: 3,971
South Dakota
Being I'm collecting, you earners are going to have to pay more so we don't run out.

Re: Social Security and Medicare [Re: Rat Masterson] #7347147
09/03/21 08:31 PM
09/03/21 08:31 PM
Joined: Jul 2016
Posts: 3,928
NY
Canvasback2 Offline
trapper
Canvasback2  Offline
trapper

Joined: Jul 2016
Posts: 3,928
NY
Originally Posted by Rat Masterson
Being I'm collecting, you earners are going to have to pay more so we don't run out.



OH, no!!! Under the Canvasback2 for President in 2024 Medicare and Social Security plan , once the age to collect is raised to 5 years past the Current Average Life Expectancy, all U.S. Citizens who are under the 5 years past the Current Average Life Expectancy in 2024 , would automatically have their Medicare and Social Security eliminated. They would all have to go back to work, and continue paying into the System ! No exceptions for those that are currently collecting !! grin


Canvasback2 for President in 2024 laugh

Re: Social Security and Medicare [Re: Steven 49er] #7347165
09/03/21 08:45 PM
09/03/21 08:45 PM
Joined: Dec 2006
Posts: 1,459
Michigan
G
Garryowen Offline
trapper
Garryowen  Offline
trapper
G

Joined: Dec 2006
Posts: 1,459
Michigan
I'm surprised no-one brought up about paying Social Security to illegal immigrants that have not paid a dime into it. When SS was first started a person had to work ten years to receive it.

Garryowen

Re: Social Security and Medicare [Re: Steven 49er] #7347169
09/03/21 08:46 PM
09/03/21 08:46 PM
Joined: Dec 2010
Posts: 34,751
Central, SD
Law Dog Offline
trapper
Law Dog  Offline
trapper

Joined: Dec 2010
Posts: 34,751
Central, SD
They dropped the ball on SS years ago and nobody ever picked it up again must of been to hot of a item to touch. When is the last time they overhauled or updated it. Is it being setup to fail?


Was born in a Big City Will die in the Country OK with that!

Jerry Herbst
Re: Social Security and Medicare [Re: Steven 49er] #7347176
09/03/21 08:50 PM
09/03/21 08:50 PM
Joined: Dec 2011
Posts: 134
Mn
M
mskrtman Offline
trapper
mskrtman  Offline
trapper
M

Joined: Dec 2011
Posts: 134
Mn
The Feds did not steal from SS, they borrowed from it and are paying interest on it. In 2018 for example SS was paid 18 billion in interest.

Re: Social Security and Medicare [Re: Steven 49er] #7347181
09/03/21 08:56 PM
09/03/21 08:56 PM
Joined: Aug 2011
Posts: 45,261
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,261
james bay frontierOnt.
Simple fix to keep the system of never ending growth going.
Since people are not breeding enough here-it will be necessary to bring in more immigrants from 3rd world countries who will work and breed lots.
Its a up system.


Forget that fear of gravity-get a little savagery in your life.
Re: Social Security and Medicare [Re: Steven 49er] #7347186
09/03/21 09:01 PM
09/03/21 09:01 PM
Joined: Jan 2007
Posts: 6,459
central Haudenosaunee, the De...
W
white marlin Offline
trapper
white marlin  Offline
trapper
W

Joined: Jan 2007
Posts: 6,459
central Haudenosaunee, the De...
phase it out, slowly?

[the "slowly" is only because promises were made, and fools believed/lived according to them.]

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