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Social Security And Medicare Are
In Worse Shape Than You Think

Investor´s Business Daily, by Staff

Original Article

Posted By:RockyTCB, 7/17/2017 6:54:12 AM

Pensions: Even in normal years, the annual Social Security and Medicare trustees´ reports typically get overlooked. This year is far from normal. But the reports should be top of mind for anyone who cares about retirement security. The Social Security report finds that the "trust fund" will run out of money in just 17 years. The news only gets worse from there. The program´s unfunded liability over the next 75 years is now $12.5 trillion, which is up from $11.4 trillion last year and $4.7 trillion a decade ago. In other words, Social Security´s long-term unfunded liability has increased by 166% in

      


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Reply 1 - Posted by: gijohn, 7/17/2017 7:09:45 AM     (No. 11321119)

How about not giving money to people that have never paid into the system. How much money did the affordable care act take from medicare for startup money.

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Reply 2 - Posted by: Hugh Akston, 7/17/2017 7:25:50 AM     (No. 11321125)

Yay! Just in time after having it removed involuntarily from my income since 1968 and I´m 60 days away from Medicare.

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Reply 3 - Posted by: Attercliffe, 7/17/2017 7:34:17 AM     (No. 11321129)

This outcome alone should have been tackled years ago by bringing to a screeching stop those immigrants (whether "refugees" using the new meaning of the word) who cannot work or speak English or have more than one wife, etc., and pay their way.

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Reply 4 - Posted by: Dodge Boy, 7/17/2017 7:37:40 AM     (No. 11321131)

When W was president, he proposed self-directed individual retirement accounts as the fix. This would have effectively taken the whole program out of the gummint´s hands.

Still waiting for the fix. Or is it too little too late.

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Reply 5 - Posted by: Attercliffe, 7/17/2017 7:44:06 AM     (No. 11321134)

P.S. Has anyone calculated how much Bill Gates has cost us with his H1-B Visa progam?

See

https://www.uscis.gov/working-united-states/temporary-workers/h-1b-specialty-occupations-dod-cooperative-research-and-development-project-workers-and-fashion-models

(More loopholes than a crocheted king-sized bedspread.)

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Reply 6 - Posted by: hpmatt, 7/17/2017 7:56:44 AM     (No. 11321140)

Don´t worry - RINOs in the Senate are keeping the extra 1.9% from our income over $250k for Medicare. Oh - they are using this money and 3.8% investment income tax to pay off Senators to vote for Trumpcare´s non-repeal of Obamacare.

Good job guys - you´ve got the House, the Senate and now the White House; next up is a Continuing Resolution to fund the $400 Billion a month Federal Government - vs Trump´s budget.

And you expect me to vote for yall big-time next November???

Trump needs to call out RINOs that he wants to defeat next year, so we can start culling the spineless ones - like McConnell & Ryan...

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Reply 7 - Posted by: Lazyman, 7/17/2017 8:12:38 AM     (No. 11321155)

I´m sure seniors don´t mind giving up their checks to make sure the SS Disability checks continue on to people that self imploded.

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Reply 8 - Posted by: bpl40, 7/17/2017 8:25:19 AM     (No. 11321167)

Better renew that health club membership in time...

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Reply 9 - Posted by: Nevadadad46, 7/17/2017 8:36:04 AM     (No. 11321175)

I started SS in 1968 when I took my first civilian job as an order picker in an industrial warehouse supply. I remember not knowing a thing about that deduction. But, I also remember way back then the political harping going on about how it had to be fixed! That is was not sustainable. That something had to be done. Well, here we are, 49 years later...same old problem. Politicians truly are worthless, aren´t they?

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Reply 10 - Posted by: oldbuffalo, 7/17/2017 8:38:30 AM     (No. 11321180)

One more year till I hit 62. Debating whether to take SS then or wait. I guess I´d better plan on sooner, than later.

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Reply 11 - Posted by: lifelonghuman, 7/17/2017 8:39:51 AM     (No. 11321182)

The number one goal for all politicians in D.C. is to keep their job. They will do anything -- or nothing in some cases -- to keep their job. It´s a very lucrative profession.



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Reply 12 - Posted by: Jethro bo, 7/17/2017 9:09:35 AM     (No. 11321212)

Thank Goodness I wasn´t a dupe like some many dependent on Democrats types that counted on Socialist Insecurity´s Ponzi scheme for their retirement.

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Reply 13 - Posted by: curious1, 7/17/2017 9:29:03 AM     (No. 11321238)

I´d be happy to call us even if they´ll just send me a check for the amount they stole from me at gunpoint over the years for SS and mediscam. I can get a much better return on that money than they ever have.

I really don´t like fascist/socialist/communist directives from my government telling me I have to buy this or I must pay that - too bad there are so many helpless morons that think it is just great.

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Reply 14 - Posted by: strike3, 7/17/2017 9:38:36 AM     (No. 11321254)

Not to those of us who passed third grade math. If you take three marbles and give away four, you aren´t going to have much of a game.

But then America is supposed to have been a dictatorship by now.

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Reply 15 - Posted by: RedWhiteBlue, 7/17/2017 9:42:31 AM     (No. 11321260)

Two of the socialist program propaganda also are failing...kinda like obambacare!

REPEAL and go home, congress critters! Just go home!

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Reply 16 - Posted by: mickturn, 7/17/2017 9:44:12 AM     (No. 11321262)

My HUGE pet peeve with Social Security is that as the govt. takes your money from your paycheck they NEVER pay a penny in interest on it. Why is that?

THEN when you go to get it back they charge you taxes on it.

SCAM on top of SCAM!

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Reply 17 - Posted by: dvc, 7/17/2017 9:45:08 AM     (No. 11321265)

When my grandfather was on SS, in the 60s, there were 15 workers paying into the system to fund his checks.
Now that I am on SS, there are two or three workers, last I heard, paying in for my check.

Simple math.

They are running out of other people´s money. Thank goodness I planned my retirement to where SS is helpful, but I can survive if it is cut off - this is because, from a teenager, I never trusted SS to be there for me. It was apparent at the time that it was an unstable Ponzi scheme, and nothing has improved in the 50 years since.

And for anyone still believing the "trust fund" story, it is a pile of IOUs, redeemable by increasing taxes or reducing spending at some future time to divert that revenue to pay back what was spent decades ago. Essentially a fraud, but a very legally laid out one. Does anyone believe that there will be more revenue or lower spending to pay these back? Me neither.

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Reply 18 - Posted by: TXknitter, 7/17/2017 10:01:42 AM     (No. 11321278)

The government is lying. Its broke now. They rob Peter to pay Paul every quarter. Each of us can look at just the large number of cars with disabled tags for parking in our small towns. A good number of them are all on disability. I know two new Boeing retirees with fabulous pensions. Both are 51 and both say they get SS disability checks. How does that work?

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Reply 19 - Posted by: TXknitter, 7/17/2017 10:04:13 AM     (No. 11321280)

#4 I remember that as good applause lines in several of President Bush´s speeches. It sounded good but then he never fought for it and therein lies the problem. All hat and no cattle.

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Reply 20 - Posted by: Axeman, 7/17/2017 10:51:50 AM     (No. 11321352)

They pay out more than they take in. They have spent all of the money that was paid in before. They are not worse than I think.

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Reply 21 - Posted by: rochow, 7/17/2017 12:13:26 PM     (No. 11321428)

Let´s start removing the people who are not entitled to a dime.....people who lift 400 pounds in gyms, don´t work because of some ´illness´ but are able to collect.
How about ´aunt´ Zesumi or whatever the Obamination´s aunt was called and the forever drunk ´uncle´ stopping them from collecting? How about Mouchelle´s mother who suddenly gets $160,000 per year for what???
Let´s remove all the ´disabled´ who weigh several hundred pounds, are able to lift up a fork and pick up a check.....On and on.....let´s clean all that trash out and you will see SS and Medicare will suddenly be in much better shape!

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Reply 22 - Posted by: Yorkiemom, 7/17/2017 12:42:39 PM     (No. 11321463)

Bush could have fought harder, but do you honestly think Congress would have passed what Bush wanted, #19? Do you think Congress would pass it if Trump wanted it?

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Reply 23 - Posted by: TXknitter, 7/17/2017 6:07:08 PM     (No. 11321854)

Probably not, #22. When a President doesn´t even try, though? Its kind of the sad sad story of why the Grand Old Party is in the intensive care unit.

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Reply 24 - Posted by: WilliamTell, 7/17/2017 6:38:10 PM     (No. 11321886)

Not to worry the SENIORS will get ANOTHER zero increase this year. Thank you RINOS! S/O

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Reply 25 - Posted by: franq, 7/17/2017 6:50:53 PM     (No. 11321909)

No, they´re not. How much below zero can you go?

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Reply 26 - Posted by: ColonialAmerican1623, 7/18/2017 2:24:50 AM     (No. 11322264)

Obola giving it to everybody entering the country and calling it an "entitlement" didn´t help. How many times did he take from Medicare to fund Zippycare?
How many illegals in this country get paid in cash and neither them, or their employer, are paying into the system?

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