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The unfunded future liabilities of the US government are staggering, some $50 Trillion if you assume that Social Security etc. remain the same. This means eith
by patrickgzill 17y ago
The unfunded future liabilities of the US government are staggering, some $50 Trillion if you assume that Social Security etc. remain the same.
This means either SS will be reduced, or that SS taxes on earnings will be increased, or that the currency will be debased (or some combination of the 3).
- antpicnic 17y agoMedicare, not Social Security, is the primary problem. Social Security's problems can be resolved using a similar adjustment like that done in the 80's. Push out the retirement age and there is no problem. Medicare and healthcare costs are an enormous problem. Expect a combination of tax increases, benefit cuts, and means testing. If Congress finally acts to eliminate waste, the growth in healthcare costs can be slowed.
- anamax 17y ago> If Congress finally acts to eliminate waste, the growth in healthcare costs can be slowed. What waste is that? Medicare already pays less per procedure than anyone else. Are you suggesting that Medicare should cut services? Be careful when citing studies. The goal isn't to minimize the cost per death, it's to minimize the cost of lives saved. The two are different.