Medicare And Social Security 52 Of Spending hide this posting unhide
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For this supposed "American Patriot" (Fox will never tell you the truth!)
Perhaps you really should try to read and understand that Fox lies and that is why you and your cult of republican child abuser supporters are totally uninformed about what your cult leaders are doing and wish to do.
Try reading things other than that right wing crap that is put out to keep you stupid.
Just how many references from all over the country to you need to what your party of total evil is planning?
And NO these sources are not the FAKE NEWS that your God, who is stinking up the White House, lies about.
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Healthcare such as Medicare and Medicaid ($1,060B or 28% of spending),
Social Security ($910B or 24%),
https://en.wikipedia.org/wiki/Expenditures_in_the_United_States_federal_budget
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Here's Why Social Security Is Going Broke
Social Security is expected to run out of money by 2034.
According to the 2016 Social Security Trustees Report, the most recent available, the Social Security trust fund had roughly $2.8 trillion in reserves at the end of 2015. What's more, Social Security has run at a surplus since 1982 and is projected to do so through 2019. In other words, for the next three years, Social Security's income from taxes and investment revenue will exceed the cost of the benefits it pays out.
Unfortunately, that's where the good news ends. In the year 2020, Social Security is projected to start running annual deficits, which are expected to grow quickly and continue for the foreseeable future. In order to pay benefits, reserve assets from the trust fund will need to be redeemed. As a result, the Social Security trust fund is expected to be completely depleted by 2034. After this point, the incoming tax revenue will only be enough to cover about three-fourths of promised benefits.
https://www.fool.com/retirement/2017/03/26/heres-why-social-security-is-going-broke.aspx
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The Trustees, by saying that Medicare will go bankrupt in 2024, instead of 2016, are simultaneously saying that the program will increase the deficit by several hundred billion dollars.
To be perfectly clear, the reason Social Security is expected to start running annual deficits and eventually run out of money isn't because of fiscal mismanagement or anything of that nature. Rather, it's a simple cash flow problem.
What can be done?
The good news is that there is still time to fix the problem, and there are two main ways it can be done.
Decrease benefits, which could come in the form of an across-the-board cut, or increase the full retirement age, cut benefits to wealthy retirees, or several other ways.
Raise Social Security taxes. The current tax rate is 6.2% for employers and employees, assessed on up to $127,200 of earned income. So, a tax increase could either be a higher tax rate or a raising or elimination of the taxable wage cap.
There's no way to predict the eventual reform package that will be passed, but history tells us that something will be done. It's just a matter of how long it will take Congress to act and what the eventual solution will look like.
https://www.fool.com/retirement/2017/03/26/heres-why-social-security-is-going-broke.aspx
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Besides being "unsustainable," they aren't really constitutional. Sorry to dash your dreams, socialists, but inalienable rights are rights that cannot be given or taken away. They are "inalienable." They are not given by government and they can't legally be taken away by government.
Self defense is a right that we are all born with. We have the right to defend ourselves from bad people trying to hurt us. We the people, therefore, can "DELEGATE" that natural right to elected representatives. Conversely, we do not have a right to take wealth, by threat of force, from our neighbor to give to charity or do anything else with. We cannot "delegate" a right we do not have. Therefore, the U.S. Constitution does not and cannot require citizens or anybody else to delegate the right of theft to the government. Socialists, progressives, liberals - changed the Constitution in 1913 to allow theft of wealth from citizens. For most of our country's history, 124 years, it was unconstitutional to, by threat of force, take wealth from anyone. For the past 104 years, theft has been sanctioned by the progressive passing of the 16th amendment.
Mandatory means by threat of force. We the people CANNOT delegate to elected representatives a right that we do not possess. Social Security and Medicare are socialist autocratic acts that are unconstitutional. We should return to the U.S. Constitution that was not in the "wealth-taking business."
We can only delegate to government things that we possess and stealing isn't one of.
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