Set the record straight on Medicaid and Medicare

Originally posted by: Kevin Lewis

"Robbed blind" by what metric? Did you know that the average Social Security recipient gets back all the money they've paid in within two years?

 

But it's not accurate to think of your Social Security payroll deductions as some kind of investment anyway. The average person lives over four times as long after turning 65 as he did in FDR's day. At some point, it became apparent that the payouts would be much larger overall than envisioned. The answer was to use existing collections to fund payouts. The "shoebox with your name on it" fiction has always been a comforting lie.

 

But the silver lining! FEELTHY IMMERGENTS have delayed Social Security insolvency from its previous 2022 date to 2030! Wait, what's that you say? Trump is doing what? Oh shit...


I'll I'm saying is if I didn't have it coming out of my check, I'd be a hell of a lot better off than getting my lousy $2.5-3K a month or whatever that will come out too down the line for me.  

 

I'm definitely not average then either.  Unless I'm going to get $100K+ each of my first two years of SS.  

Originally posted by: Jerry Ice 33

I'll I'm saying is if I didn't have it coming out of my check, I'd be a hell of a lot better off than getting my lousy $2.5-3K a month or whatever that will come out too down the line for me.  

 

I'm definitely not average then either.  Unless I'm going to get $100K+ each of my first two years of SS.  


Right. You've been paying, not into some personal piggy bank, but for Joe Shlabotnik's monthly check, because his lifetime benefits exceeded his lifetime contribution back during the Dubya administration. The myth has always been that you're putting money into that shoebox with your name on it. That's simply not the case. 

 

But the gummint does keep its promise that you'll get paid what you're entitled to. This will take financing, of course. Either we start taxing billionaires and big corporations again or we run a massive and long-run unsustainable deficit.

 

MAGA, of course, wants rich folks to pay no taxes at all, and Trumpiffs will make it MUCH harder to sustain the deficit-- because the only reason we can do that now is the dollar's high standing and resultant low interest rates on US debt. Trumphole choking off trade will skyrocket those rates and balloon the cost of servicing our debt. And all the while, MAGA will scream that it's AWL BE CUZ O GUMMINT SPENDIN'--and they'll slash SS benefits even further.

 

So unless the Orange Motherfucker croaks, don't count on any SS checks at all. The simple fact is that income taxes on corporations and the rich have to return to pre-Turd levels, or Medicare and Medicaid and SS have to be slashed. No way around it, but neither the Turd nor Elon-hole cares 

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