6 ms·

Crazy how the money printers stop working when it comes to SS. I'm sure as hell if Boeing or Raytheon needed cash the money printers would magically start work

Crazy how the money printers stop working when it comes to SS. I'm sure as hell if Boeing or Raytheon needed cash the money printers would magically start working again. Sorry gramps, no quantitative easing for you!

AtMaJane 2y ago
SS+Medicare budget is almost three times the size of the entire DoD budget.
- redblacktree 2y ago
  Yes, but keep in mind that both are funded with specific taxes. We aren't just taking money from the general fund and choosing to support retirees. It's meant to be a "pay while working" "receive in retirement" kind of system. You can argue about the merits of that vs. a 401k or whatever, but comparing these programs to the DoD budget is apples and oranges.
  - PopAlongKid 2y ago
    >funded with specific taxes. We aren't just taking money from the general fund I just learned recently that in fact Medicare (Part B at least) does in fact receive significant amounts from the general fund, not just the Medicare HI fund which holds payroll tax money.
  - wmf 2y ago
    One Social Security runs out of money the first option on the table will probably be to top it up from the general fund though. And once that's been turned on it will never be turned off. (MMT but only for old people.)
wmf 2y ago
Give it time; they only turn on the money printer at the last moment. They don't want to appear too eager.
netsharc 2y ago
Old people vote, no politician wants to be voted (or revolutionized) out of office, the money will come... When Covid lockdowns started, both sides quickly agreed to print money to bailout the whole population (or as the deranged called it, to induce inflation and transfer money to corporations and the wealthy).
- deleted 2y ago
  [deleted]
- noobermin 2y ago
  Who is going to go to revolution over social security? A lot has happened including serious "unrest" on both the left and the right and the respective movements have not seen any of their asks implemented despite the spectacles. If you think they were you live in a bubble.

AtMaJane 2y ago

SS+Medicare budget is almost three times the size of the entire DoD budget.

redblacktree 2y ago
Yes, but keep in mind that both are funded with specific taxes. We aren't just taking money from the general fund and choosing to support retirees. It's meant to be a "pay while working" "receive in retirement" kind of system. You can argue about the merits of that vs. a 401k or whatever, but comparing these programs to the DoD budget is apples and oranges.
- PopAlongKid 2y ago
  >funded with specific taxes. We aren't just taking money from the general fund I just learned recently that in fact Medicare (Part B at least) does in fact receive significant amounts from the general fund, not just the Medicare HI fund which holds payroll tax money.
- wmf 2y ago
  One Social Security runs out of money the first option on the table will probably be to top it up from the general fund though. And once that's been turned on it will never be turned off. (MMT but only for old people.)

wmf 2y ago

Give it time; they only turn on the money printer at the last moment. They don't want to appear too eager.

netsharc 2y ago

Old people vote, no politician wants to be voted (or revolutionized) out of office, the money will come... When Covid lockdowns started, both sides quickly agreed to print money to bailout the whole population (or as the deranged called it, to induce inflation and transfer money to corporations and the wealthy).

deleted 2y ago
[deleted]
noobermin 2y ago
Who is going to go to revolution over social security? A lot has happened including serious "unrest" on both the left and the right and the respective movements have not seen any of their asks implemented despite the spectacles. If you think they were you live in a bubble.