JohnStOnge wrote:One of the admirable things about a true conservative is that such a true conservative will say that we have to do something about Medicare and Social Security. They will say that those two programs are not sustainable as they are and we have to do something serious to address the problem.
And now we have a President elected bearing the standard of the more "conservative" Party while saying he's not even going to look at that issue. The question is: Was that just another lie on his part?
Medicare yes, SS no. By law SS can't make the govt go broke, because by law, SS can't run a deficit.
2016 trustee report:
"...Over the program's 80-year history, it has collected roughly $19.0 trillion and paid out $16.1 trillion, leaving asset reserves of more than $2.8 trillion at the end of 2015 in its two trust funds.....
....After 2019, interest income and redemption of trust fund asset reserves from the General Fund of the Treasury will provide the resources needed to offset Social Security's annual deficits until 2034, when the reserves will be depleted. Thereafter, scheduled tax income is projected to be sufficient to pay about three-quarters of scheduled benefits through the end of the projection period in 2090....."
So people will get 3/4 of what they are currently scheduled to get.
https://www.ssa.gov/oact/trsum/