Social Security and Medicare to run short sooner than expected

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Social Security and Medicare to run short sooner than expected

NEW YORK (CNNMoney) -- Social Security and Medicare -- the country's two biggest entitlement programs -- will run dry earlier than expected, according a report Friday from the programs' trustees.

After the programs' trust funds are exhausted, Social Security and Medicare will be taking in only enough money to pay a portion of promised benefits to retirees.

Combined, the cost of the programs represented 8.4% of the size of the nation's economy last year -- a figure that would jump to 11.8% by 2035

http://money.cnn.com/2011/05/13/news/economy/social_security_medicare_trustees_report/index.htm

and liberals support another entitlement program - obamacare

:palm:
 
This one, not 25 years, as many as 8 administrations, god knows how many economic cycles from now.

I am not saying potencial problems should not be addressed, but minor corrections are all that are needed, such as removing the income cap.
 
Rep. Joe Wilson R said:
This one, not 25 years, as many as 8 administrations, god knows how many economic cycles from now.

I am not saying potencial problems should not be addressed, but minor corrections are all that are needed, such as removing the income cap.
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minor corrections? good lord, both programs are in serious trouble and need major reform. no raiding the fund, eliminate obamacare, fix medicare and expand it. that is just the tip of the iceberg.
 
how does that solve the problem....by simply taxing more...talk about a bullshit talking point...everything i said is true and not republican talking points...very few agree with me that we should expand medicare....try again little dune

raise taxes, it fixes everything...
 
Yurt said:
how does that solve the problem....by simply taxing more...talk about a bullshit talking point...everything i said is true and not republican talking points...very few agree with me that we should expand medicare....try again little dune

raise taxes, it fixes everything...
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Yurt says it, it must be true.
So you are saying more income wouldn't help?
 
Yurt said:
not without other reforms....and why is it you think raising taxes is always the answer?
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Why is it you think you know what I am thinking? Why should income over 109K be excempt?

Why do you defend wealthy people feeding on less wealthy people?
 
Rep. Joe Wilson R said:
Why is it you think you know what I am thinking? Why should income over 109K be excempt?

Why do you defend wealthy people feeding on less wealthy people?
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where did i defend wealthy people feeding on less wealthy people? i have never seen you once go against a tax hike. i didn't say it should be exempt, i said your fix "without other reforms" would not work.
 
Yurt said:
where did i defend wealthy people feeding on less wealthy people? i have never seen you once go against a tax hike. i didn't say it should be exempt, i said your fix "without other reforms" would not work.
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Prove it.
 
Yurt said:
dune's private message. since he has divulged private message content previously, i figured it was fair game.
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It isn't unless he gives you permission to publish PMs. He can do that by PMing one of the Admin team, or by posting permission in the thread. I need you to delete the post.
 
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