no propaganda please Loc: moon orbiting the third rock from the sun

Dear Reader,

Social Security has always had challenges.

But now, details inside the Social Security Trustees’ 2018 report have some folks blaming President Trump for the system’s problems…

According to the newly released report:

… Medicare will become insolvent in in 8 years.

… Social Security become insolvent in 16 years.

And today, the top Democrat on the Senate Finance Committee, Oregon Senator Ron Wyden is taking aim at the president:

“This report should eliminate any doubt that Trump’s tax law yanked Medicare closer to insolvency.”

But are President Trump and his tax plan truly to blame for the situation?

“Whatever your political feelings, the insolvency of Medicare and Social Security can’t be placed squarely on Trump. The problems in these programs have existed for years,” says Dr. David Eifrig Jr., who spent a decade in the field of medicine and another decade on Wall Street, including Goldman Sachs and Chase Manhattan.

Chocura750

Both earned and unearned income should be subject to the Social Security tax and the tax shouldn't be limited to $128,700. The amount subject to the tax should be unlimited.

Lonewolf

badbob85037

It was democrats that pushed for Social Security. They billed it as your tax free retirement fund, there when ever you needed it, no one else could touch. It was Jimmy Carter that started giving it away to ones never paying a dime into it. It was a democrat Congress that voted to 'borrow' it and borrow every dime we paid into it. It was a democrat congress that voted to tax it with Al Gore casting the deciding vote. It was obama that used it to build upper class homes for migrants to live in and park their Beamers in front of. The only people stupid enough to believe Trump has anything to do with stealing SS is stupid democrats. Democrats can't think, they can't read, they can't cope with life. They are bused to the voting booth once every two years. They are given their I Voted Today crack rock then set on their worthless asses for two years then do it again.

lpnmajor Loc: Arkansas

No, the Congress, going back 60 years, is responsible for the situation. Had Congress not begun raiding the trust funds, spending our money in return for a Treasury IOU, there would not now be a situation where it costs more to meet commitments, than they take in with payroll deductions every year.

This is what they mean by "insolvency", which is NOT a reflection of how much money is actually owed to the trust funds. The US treasury owes trillions of dollars to the trust funds. For 60 years, the Government only retired enough Treasury bonds to meet it's commitments to trust fund beneficiaries, thus allowing the debt to mount exponentially. Every year, the Government showed trust fund loan repayments as expenses, yet never showed how much was received through payroll deductions and Medicare premiums. This gave the illusion that Medicare and Social Security recipients were mooching off the public teat.

Let's clear this up right now:

The amount of money the Federal Government must pay for Medicare and Social Security is........................RETURNING OUR OWN ^@#* MONEY! Not one solitary dime of taxpayer money is used to fund seniors pensions or health insurance. They are complaining about having to pay back money they " borrowed " from all of us.

Iamdjchrys Loc: Decatur, Texas

Louie27 Loc: Peoria, AZ

All Americans would be better off, if only Roosevelt had attached a passage in the bill, that none of this money should be used for anything but SS benefits. But greedy politicians are the ones responsible for this dilemma that we have today.