Medicare set to run out in eight years....tax cuts worsen stability

[JimH52]

Medicare’s Trust Fund Is Set to Run Out in 8 Years. Social Security, 16.

The King of Bankrupty is at it again. He got his fat increase in wealth for the 1%....which he blasted about. Now the funds coming in are not reaching the level the King predicted.

“The administration’s economic agenda — tax cuts, regulatory reform and improved trade agreements — will generate the long-term growth needed to help secure these programs,” Treasury Secretary Steven Mnuchin said Tuesday.

So far that does not appear to have happened, to judge from the annual report of the trustees of Social Security and Medicare, a group that includes three Trump cabinet officers.

The report said the less favorable outlook for Medicare’s hospital trust fund resulted from “adverse changes” in program income and costs. Income to the Medicare fund is expected to be lower than estimated last year because of “lower payroll taxes attributable to lowered wages in 2017 and lower levels of projected gross domestic product,” the Treasury said in a “fact sheet” accompanying the report.

 

[JakeStarkey]

The fix is easy, no, medicare and medicaid are not going away or be cut down.

 

[JGalt]

Medicare’s Trust Fund Is Set to Run Out in 8 Years. Social Security, 16.

The King of Bankrupty is at it again. He got his fat increase in wealth for the 1%....which he blasted about. Now the funds coming in are not reaching the level the King predicted.

“The administration’s economic agenda — tax cuts, regulatory reform and improved trade agreements — will generate the long-term growth needed to help secure these programs,” Treasury Secretary Steven Mnuchin said Tuesday.

So far that does not appear to have happened, to judge from the annual report of the trustees of Social Security and Medicare, a group that includes three Trump cabinet officers.

The report said the less favorable outlook for Medicare’s hospital trust fund resulted from “adverse changes” in program income and costs. Income to the Medicare fund is expected to be lower than estimated last year because of “lower payroll taxes attributable to lowered wages in 2017 and lower levels of projected gross domestic product,” the Treasury said in a “fact sheet” accompanying the report.

So it's Trump's fault that Medicare and Social Security are approaching insolvency? Not hardly. I blame the most worthless generation in American history, the "Baby Boomers." Even though they were raised by the greatest generation, they managed to steal the wealth that their parents created and become a generation of overweight, narcissistic, and self-absorbed crybabies who grew up believing that they're owed something.

 

[Dont Taz Me Bro]

Medicare’s Trust Fund Is Set to Run Out in 8 Years. Social Security, 16.

The King of Bankrupty is at it again. He got his fat increase in wealth for the 1%....which he blasted about. Now the funds coming in are not reaching the level the King predicted.

“The administration’s economic agenda — tax cuts, regulatory reform and improved trade agreements — will generate the long-term growth needed to help secure these programs,” Treasury Secretary Steven Mnuchin said Tuesday.

So far that does not appear to have happened, to judge from the annual report of the trustees of Social Security and Medicare, a group that includes three Trump cabinet officers.

The report said the less favorable outlook for Medicare’s hospital trust fund resulted from “adverse changes” in program income and costs. Income to the Medicare fund is expected to be lower than estimated last year because of “lower payroll taxes attributable to lowered wages in 2017 and lower levels of projected gross domestic product,” the Treasury said in a “fact sheet” accompanying the report.

So it's Trump's fault that Medicare and Social Security are approaching insolvency? Not hardly. I blame the most worthless generation in American history, the "Baby Boomers." Even though they were raised by the greatest generation, they managed to steal the wealth that their parents created and become a generation of overweight, narcissistic, and self-absorbed crybabies who grew up believing that they're owed something.

Yep, been saying this about them for years

 

[Rustic]

Medicare’s Trust Fund Is Set to Run Out in 8 Years. Social Security, 16.

The King of Bankrupty is at it again. He got his fat increase in wealth for the 1%....which he blasted about. Now the funds coming in are not reaching the level the King predicted.

“The administration’s economic agenda — tax cuts, regulatory reform and improved trade agreements — will generate the long-term growth needed to help secure these programs,” Treasury Secretary Steven Mnuchin said Tuesday.

So far that does not appear to have happened, to judge from the annual report of the trustees of Social Security and Medicare, a group that includes three Trump cabinet officers.

The report said the less favorable outlook for Medicare’s hospital trust fund resulted from “adverse changes” in program income and costs. Income to the Medicare fund is expected to be lower than estimated last year because of “lower payroll taxes attributable to lowered wages in 2017 and lower levels of projected gross domestic product,” the Treasury said in a “fact sheet” accompanying the report.

Lol
Only Pussy whipped bitchs support Medicare. So fuck off

 

[Rambunctious]

The increased revenue from all of the new jobs makes that link look as stupid as the OP......the wizards of smart never factor that in because it blows their entire prediction....

Too bad the OP can't see my post he placed me on ignore....the sissy.....

 

[Harry Dresden]

The increased revenue from all of the new jobs makes that link look as stupid as the OP......the wizards of smart never factor that in because it blows their entire prediction....

Too bad the OP can't see my post he placed me on ignore....the sissy.....

wouldnt matter....jim is a member of the "i hate trump" society....

 

[Rambunctious]

Medicare’s Trust Fund Is Set to Run Out in 8 Years. Social Security, 16.

The King of Bankrupty is at it again. He got his fat increase in wealth for the 1%....which he blasted about. Now the funds coming in are not reaching the level the King predicted.

“The administration’s economic agenda — tax cuts, regulatory reform and improved trade agreements — will generate the long-term growth needed to help secure these programs,” Treasury Secretary Steven Mnuchin said Tuesday.

So far that does not appear to have happened, to judge from the annual report of the trustees of Social Security and Medicare, a group that includes three Trump cabinet officers.

The report said the less favorable outlook for Medicare’s hospital trust fund resulted from “adverse changes” in program income and costs. Income to the Medicare fund is expected to be lower than estimated last year because of “lower payroll taxes attributable to lowered wages in 2017 and lower levels of projected gross domestic product,” the Treasury said in a “fact sheet” accompanying the report.

Hey what about increased revenue to the treasury due to full employment?????

 

[Billy_Kinetta]

The fix is easy, no, medicare and medicaid are not going away or be cut down.

Indeed. They fuck with the Boomers, they'll be buried alive.

 

[Oddball]

The program is so unruly and out of control that it costs well in excess of 10X what it was projected to when started in 1965...Trump's measly tax cuts didn't wreck Medicare, the nature of the wastefulness, inefficiency, unaccountability, and sheer stupidity of The State did.

 

[Political Junky]

Cons have been posting this for years.

 

[Penelope]

Medicare’s Trust Fund Is Set to Run Out in 8 Years. Social Security, 16.

The King of Bankrupty is at it again. He got his fat increase in wealth for the 1%....which he blasted about. Now the funds coming in are not reaching the level the King predicted.

“The administration’s economic agenda — tax cuts, regulatory reform and improved trade agreements — will generate the long-term growth needed to help secure these programs,” Treasury Secretary Steven Mnuchin said Tuesday.

So far that does not appear to have happened, to judge from the annual report of the trustees of Social Security and Medicare, a group that includes three Trump cabinet officers.

The report said the less favorable outlook for Medicare’s hospital trust fund resulted from “adverse changes” in program income and costs. Income to the Medicare fund is expected to be lower than estimated last year because of “lower payroll taxes attributable to lowered wages in 2017 and lower levels of projected gross domestic product,” the Treasury said in a “fact sheet” accompanying the report.

So it's Trump's fault that Medicare and Social Security are approaching insolvency? Not hardly. I blame the most worthless generation in American history, the "Baby Boomers." Even though they were raised by the greatest generation, they managed to steal the wealth that their parents created and become a generation of overweight, narcissistic, and self-absorbed crybabies who grew up believing that they're owed something.

you mean people like Trump.

 

[Penelope]

Medicare’s Trust Fund Is Set to Run Out in 8 Years. Social Security, 16.

The King of Bankrupty is at it again. He got his fat increase in wealth for the 1%....which he blasted about. Now the funds coming in are not reaching the level the King predicted.

“The administration’s economic agenda — tax cuts, regulatory reform and improved trade agreements — will generate the long-term growth needed to help secure these programs,” Treasury Secretary Steven Mnuchin said Tuesday.

So far that does not appear to have happened, to judge from the annual report of the trustees of Social Security and Medicare, a group that includes three Trump cabinet officers.

The report said the less favorable outlook for Medicare’s hospital trust fund resulted from “adverse changes” in program income and costs. Income to the Medicare fund is expected to be lower than estimated last year because of “lower payroll taxes attributable to lowered wages in 2017 and lower levels of projected gross domestic product,” the Treasury said in a “fact sheet” accompanying the report.

Hey what about increased revenue to the treasury due to full employment?????

Trumps ATM.

 

[Penelope]

The program is so unruly and out of control that it costs well in excess of 10X what it was projected to when started in 1965...Trump's measly tax cuts didn't wreck Medicare, the nature of the wastefulness, inefficiency, unaccountability, and sheer stupidity of The State did.

Most of the boomers put Trump in office, now they are getting the havoc of the GOP and Trump congress. Way to go Republicans. One thing the GOP is good at is cutting all social programs, cutting taxes for the wealthy, and putting more money in the war machine.

So put the blame where its deserved, on those who voted for Reagan and Bush Jr and Trump.

 

[edward37]

Medicare’s Trust Fund Is Set to Run Out in 8 Years. Social Security, 16.

The King of Bankrupty is at it again. He got his fat increase in wealth for the 1%....which he blasted about. Now the funds coming in are not reaching the level the King predicted.

“The administration’s economic agenda — tax cuts, regulatory reform and improved trade agreements — will generate the long-term growth needed to help secure these programs,” Treasury Secretary Steven Mnuchin said Tuesday.

So far that does not appear to have happened, to judge from the annual report of the trustees of Social Security and Medicare, a group that includes three Trump cabinet officers.

The report said the less favorable outlook for Medicare’s hospital trust fund resulted from “adverse changes” in program income and costs. Income to the Medicare fund is expected to be lower than estimated last year because of “lower payroll taxes attributable to lowered wages in 2017 and lower levels of projected gross domestic product,” the Treasury said in a “fact sheet” accompanying the report.

JPMorgan says Trumps talk about trade costs markets 1 trillion dollars

Hey what about increased revenue to the treasury due to full employment?????

Trumps ATM.

 

[AvgGuyIA]

The tax cut has nothing to do with the Medicare tax. That was a cut to income tax. Quit bitching about the 1%.

 

[Oddball]

Most of the boomers put Trump in office, now they are getting the havoc of the GOP and Trump congress. Way to go Republicans. One thing the GOP is good at is cutting all social programs, cutting taxes for the wealthy, and putting more money in the war machine.

So put the blame where its deserved, on those who voted for Reagan and Bush Jr and Trump.

Right...Completely ignore the fact that both programs have been mismanaged and abused by all parties for several decades now...Then revert to the standard dreck about the dole being cut, when spending on those programs has never ever decreased from year to year....Just blame republicans for everything and it's all good.

Hack.

 

[JakeStarkey]

Stop it, oddball. The Pubs have had Congress overwhelmingly for most of the last 25 years, and the party has made little if any determined effort to resolve the issue, which is easy to do if they wanted to.

 

[Skull Pilot]

Trump's tax cut didn't lower FICA taxes so it will have no effect on Medicare or Social Security.

Obama did lower payroll taxes for a spell which decreased the revenue earmarked for both Medicare and SS