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customerserviceguy

(25,406 posts)
4. I'd read that
Wed Apr 22, 2020, 02:16 PM
Apr 2020

if it didn't hate my ad blocker.

The biggest threat to Social Security and Medicaid is from the fact that payroll taxes paid into those systems are way, way down right now. I expect the next Trustees report to show that the funds will go broke in the next couple of years. That will either require a politically risky fix, or we just watch benefits being slashed.

Recommendations

0 members have recommended this reply (displayed in chronological order):

This virus Turbineguy Apr 2020 #1
Drum away. Anyone who wants to be reelected will not touch either one of these programs, especially efhmc Apr 2020 #2
Quite a few people that were not drawing their SS but were eligible are probably doing so brewens Apr 2020 #11
My worry is that these Republicans will realize they are done and will swing for the fences. Midnight Writer Apr 2020 #12
Oh, they won't push for it until after the election, but then it will be a huge effort. lark Apr 2020 #19
I would Rebl2 Apr 2020 #21
Maybe that is another reason why trump has lost significant support among older adults still_one Apr 2020 #3
I'd read that customerserviceguy Apr 2020 #4
How about we rescind the Trump Trillion Dollar Tax Giveaway? whathehell Apr 2020 #6
This!👆 SheltieLover Apr 2020 #9
Isn't the easiest fix to simply raise the cap on FICA wages? (nt) scarletwoman Apr 2020 #7
one would think.... dhill926 Apr 2020 #13
Just like in the 1980's customerserviceguy Apr 2020 #24
Why not the federal government borrow more to make up the payroll shortfall? at140 Apr 2020 #8
In a time of pandemic & massive unemployment? whathehell Apr 2020 #5
K&R! SheltieLover Apr 2020 #10
when shrub flew around the country in an attempt to sell sprinkleeninow Apr 2020 #14
They're just echoing tRumplethinskin's call for a 'payroll tax' cut. SeattleVet Apr 2020 #15
Thing is, what they say about the Medicare and SS trust fund is true. It was known under Obama and Hoyt Apr 2020 #16
This is so simple to fix, it just proves how much the rich own us that it hasn't already happened. lark Apr 2020 #17
Won't happen, and especially because that money is needed for other things like healthcare. Hoyt Apr 2020 #20
They are determined to rob the public blind. BeckyDem Apr 2020 #18
Raise the cap appalachiablue Apr 2020 #22
I'd prefer busting the cap, but yes, raising the cap might be more doable. lark Apr 2020 #23
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