3 ms·
I'm confused, what does Clinton have to do with these programs? Worth noting that Bush Jr. signed a prescription drug bill that will cost $550 billion between 2
by achompas 16y ago
I'm confused, what does Clinton have to do with these programs? Worth noting that Bush Jr. signed a prescription drug bill that will cost $550 billion between 2006 and 2015 [1].
SS and Medicare are programs intended for older people which are funded by current workers. As time has passed and SS/Medicare eligibility has increased, more SS/Medicare taxes from current workers are paying for fewer people's benefits. This problem has worsened as baby boomers have reached retirement age--we've never seen SS/Medicare enrollment like this before.
Point being: my generation is paying a large chunk of taxes that it will probably never benefit from, as SS/Medicare will likely occupy too large a portion of the budget and would thus need to be scaled back (or closed down).
[1] http://www.cms.gov/ReportsTrustFunds/downloads/tr2009.pdf http://www.cms.gov/ReportsTrustFunds/downloads/tr2009.pdf