eagle1462010
Diamond Member
- May 17, 2013
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Long ago............corrupt politicians ROBBED THE PIGGY BANK........and left a bunch of Worthless IOU'S....................We'll pay it back one day.............LOLThe amount set aside will not cover the ever increasing percentage of those drawing on the treasury.Well, the second reform I always advocate, after repealing tax expenditures, is to raise the Social Security and Medicare eligibility ages to 70, and index that age to 9 percent of the population going forward.I have heard that time and time again.............But the amount of coming Liabilities is MASSIVE........Actually, the solution to deficits is extremely simple. But neither party has the guts to do it. In fact, they work very hard to keep you from seeing the answer because it would destroy their death grip on power.
The solution is to eliminate the annual $1.4 trillion in tax expenditures.
That would level the playing field, eliminate the deficit, create a surplus, enable tax cuts for EVERYONE, and reform campaign spending. All in one go.
Ending credits and getting out of the Wars would do a lot............Hell just on tax credits alone would be over 200 billion a year...........but that will not stop the coming liabilities..........
Not to mention the interest on the debt which is growing every single year........it will soon overtake the amount we spend on our military.............
We are living longer than our ancestors, we should be working longer. Common sense.
5.4 percent of the US population was over 65 when SS was enacted.
9 percent was over 65 percent when Medicare was enacted.
Today, 15 percent are over 65.
That is an unsustainable trend.
Social security is money taken out of our checks. If 15 percent today are over 65, then that 15 percent probably have worked the 40 quarters required to get the money taken out of their checks for social security back.
A smaller and smaller percentage are paying in while a larger and larger percentage are drawing out.
Something has to give sooner or later.
All who work get social security taken out of their checks. Some people don't live long enough to get social security. It is not possible to have more people drawing out than is put in because you have to work to get the money and the money is taken from your paycheck and is not just something the government hands you.
And they look at it and go........there is no way to pay for all these promises...........well maybe one day we will decide to fix it..............and on and on and on................
Reported every year as unsustainable.................and still people go.........OH THAT'S NOT TRUE......
Enjoy the ride........the ENDING will not be pleasant.........