Paul Ryan wanted to run up the deficit with their tax bill, so they’d have an excuse to go after Social Security and Medicare, so here we go.
Trustees warn Medicare's giant trust fund for inpatient care won't be able to cover projected medical bills starting in 2026, three years earlier than previously expected. Social Security will become insolvent in 2034 _ no change. https://t.co/sNxTu9jgDi
— The Associated Press (@AP) June 5, 2018
If no one does anything, the fund will still cover 79%. All they have to do is raise the cap on the wealthy.
There is no Social Security or Medicare crisis. You raise or lift the maximum cap on the income tax for it. Then it is funded forever.
That is it. That is literally all you do.
— August J. Pollak (@AugustJPollak) June 5, 2018
Congress should require the wealthy to contribute their fair share so we can protect and expand Social Security benefits.
Democrats have several plans to do just that: https://t.co/YsIHL6kRps https://t.co/nyUexkMtXh
— Social Security Works (@SSWorks) June 5, 2018
https://twitter.com/owillis/status/1004089934066667522
Folks, in the context of Social Security and Medicare, "insolvent" doesn't mean "go bust" or "bankrupt" or anything like that. They aren't going to disappear.
Don't play into the right-wing story that Social Security and/or Medicare are in crisis.
— Michael Linden (@MichaelSLinden) June 5, 2018
Medicare should be expanded into a universal, single-payer health care system and Social Security should be forced to increase benefits.
That would happen if the Capitalists weren’t in charge of our politics.
When the payroll taxes were in excess of the social security payments, that money wasn’t invested or otherwise put aside for when it was needed, the money was spent and the Social Security Administration received “bonds” — essentially I.O.U.’s. Those bonds will have to be redeemed starting around 2020 to cover the SSA’s expenditures. Where is that money going to come from?
https://www.cbsnews.com/news/lets-debunk-this-social-security-myth/
Unlike a state government or your household budget, the Federal Government can always raise taxes or just print more money (which can increase inflation), or, i don’t know, reduce military spending? But it’s not SS that’s going bankrupt — it’s the federal government!