Medicare trust fund to run out by 2026, Social Sec by 2034.

[Petrolheadia]

https://www.nytimes.com/2018/06/05/us/p ... ances.html
https://www.bloomberg.com/news/articles ... t-forecast

According to a study done by the US government, the trust fund behind Medicare is going to run out by 2026. This is 3 years behind the 2017 study. Social Security in general will be more solvent, lasting for 8 years more until 2034.

The main factors behind this increase are reportedly the decreasing employees/retirees ratio, recent tax cuts lowering income and potential new expensive treatments that can be developed in the future. The yearly Medicare costs per beneficiary are expected to rise by about a quarter (ca. $13.6k to $17k) in the next 5 years.

What's your opinion? What do you think should be done?

I think the retirement age should be increased, as the life expectancy keeps rising and employees/retirees ratio keeps falling. Increasing taxation in the US also wouldn't hurt, concerning the nation's budgetary concerns.

[Trumptonium1]

I'd like to hear what Saiwania and Salangriado think, since they are completely opposed to the idea that birth rates are too low to sustain a functioning pension system long-term.

[Petrolheadia]

I'd like to hear what Saiwania and Salangriado think, since they are completely opposed to the idea that birth rates are too low to sustain a functioning pension system long-term.

When it comes to Saiwania, it is certainly gonna be edgy and have something to do with minorities.

[Trumptonium1]

I'd like to hear what Saiwania and Salangriado think, since they are completely opposed to the idea that birth rates are too low to sustain a functioning pension system long-term.

When it comes to Saiwania, it is certainly gonna be edgy and have something to do with minorities.

He's more of a libertarian on the issue .. saying everyone should fend for themselves when it comes to retirement plans.

[Petrolheadia]

When it comes to Saiwania, it is certainly gonna be edgy and have something to do with minorities.

He's more of a libertarian on the issue .. saying everyone should fend for themselves when it comes to retirement plans.

That's edgy enough.

[Right wing humour squad]

Repeal it.

Make the recipients pay back what was stolen to those who earned it.

[Petrolheadia]

Repeal it.

Make the recipients pay back what was stolen to those who earned it.

Social Security is not theft, it's paying in advance.

[Unstoppable Empire of Doom]

My high school government teacher said the same thing was going to happen decades ago. To be totally honest Americans already pay stupid high taxes and get very little in return. Most of it is taken by pentagon wastefulness in the MIC. The rest goes to single mothers, farmers, Sean hannity, and the other welfare queens. To be honest if you are banking of social security to let you retire you are sadly mistaken. Retirement will need to be your own savings merely supplemented by social security.

[Christian Democrats]

What's your opinion?

Bad.

What do you think should be done?

Make more babies.

[Galloism]

What's your opinion?

Bad.

What do you think should be done?

Make more babies.

Technically, if medicare runs out by 2026, we needed to make more babies 10 years ago.

For Social security, we needed to make more 2 years ago.

[Valrifell]

Bad.


Make more babies.

Technically, if medicare runs out by 2026, we needed to make more babies 10 years ago.

For Social security, we needed to make more 2 years ago.

We'll just make kids faster than the speed of light.

[Galloism]

Technically, if medicare runs out by 2026, we needed to make more babies 10 years ago.

For Social security, we needed to make more 2 years ago.

We'll just make kids faster than the speed of light.

Something something a college nickname for someone.

[Christian Democrats]

Bad.


Make more babies.

Technically, if medicare runs out by 2026, we needed to make more babies 10 years ago.

For Social security, we needed to make more 2 years ago.

True. We could import more people too, but the current administration is opposed to that.

[Christian Democrats]

Technically, if medicare runs out by 2026, we needed to make more babies 10 years ago.

For Social security, we needed to make more 2 years ago.

True. We could import more people too, but the current administration is opposed to that.

Alternatively, we could legalize child labor.

[Serzh Sarkeesian]

Raise the eligibility age and allow more immigration.

[Arlenton]

Raise the eligibility age and allow more immigration.

Probably this.

[Arlenton]

True. We could import more people too, but the current administration is opposed to that.

Alternatively, we could legalize child labor.

This too.

[Trumptonium1]

Technically, if medicare runs out by 2026, we needed to make more babies 10 years ago.

For Social security, we needed to make more 2 years ago.

True. We could import more people too, but the current administration is opposed to that.

Population replacement is hardly a viable alternative unless your singular myopia is from the perspective of a government's budget.

[The Liberated Territories]

Repeal it.

Make the recipients pay back what was stolen to those who earned it.

Social Security is not theft, it's paying in advance.

It's theft when it can't be paid back.

[Petrolheadia]

Social Security is not theft, it's paying in advance.

It's theft when it can't be paid back.

I always thought it was only called a failure, but it probably only applies to private funds going belly-up.

[Petrolheadia]

True. We could import more people too, but the current administration is opposed to that.

Population replacement is hardly a viable alternative unless your singular myopia is from the perspective of a government's budget.

From that perspective, killing all the population is a perfect way to end deficit forever.

[Great Minarchistan]

My high school government teacher said the same thing was going to happen decades ago. To be totally honest Americans already pay stupid high taxes and get very little in return. Most of it is taken by pentagon wastefulness in the MIC.

This is false actually, only 1/8th of the total government spending goes to the military. Half to transfer/social programs btw i.e. 20% of the GDP.

[Great Minarchistan]

It's theft when it can't be paid back.

I always thought it was only called a failure, but it probably only applies to private funds going belly-up.

I mean, the workers are forced to pay for social security. If it was a voluntary institution then I could agree with you, but crudely defaulting on people that were coerced to pay tens, hundreds of thousands and sometimes even millions to it throughout their life doesn't sound ideal.

[Christian Democrats]

My high school government teacher said the same thing was going to happen decades ago. To be totally honest Americans already pay stupid high taxes and get very little in return. Most of it is taken by pentagon wastefulness in the MIC.

This is false actually, only 1/8th of the total government spending goes to the military. Half to transfer/social programs btw i.e. 20% of the GDP.

Indeed.

[Van Riebeeck Land]

Isn't real news. If you didn't see this coming I don't know what to say. The cost of years of irresponsible spending.