4 ms·
In the 90s, the percentage of young to old was vastly different. SS/Medicare will bankrupt the country without reforms.
by polski-g 1y ago
In the 90s, the percentage of young to old was vastly different.
SS/Medicare will bankrupt the country without reforms.
- mindslight 1y agoWhat non-USD-denominated liabilities do SS/Medicare have? Those would be required in order for the country to go bankrupt.
- hedora 1y agoSocial Security is a trust fund and is set up so that it cannot lose money. Congress has been stealing money from the fund for years, but that’s not Social Security’s fault. Claiming it needs reform is like blaming account holders after the president of the bank embezzles their deposits.
- Yeul 1y agoIf only the US had prepared for this statistical event instead of handing out trillions in tax cuts.
- hedora 1y agoYeah; no one could have seen this coming back in 2025.
- seanmcdirmid 1y agoss/Medicare are still owed by general budget, so they are still technically in surplus. But yet, eventually they will be in deficit (well, at least social security, Medicare isn’t capped on income so is more stable). SS could be fixed quickly by uncapping the limit on income that it is applied to.