Dude… if you pay your car bill but owe $40k in credit card bills you don’t get to keep your car. You under paid operating the country by $40T. You saved nothing. Burying your head in the sand like a child and screaming you paid SS doesn’t make it so. You left $40T behind you. You saved nothing. It’s not hard to put together.
Dude, you don't know WTF you are talking about.
Social Security is separate from the Federal Budget, not one ****!ng Federal dollar was borrowed for SS.
Medicare is designed such that it is partly paid for with taxes and partly on the Federal budget.
That $40T debt you keep whining about was "borrowing" to pay for
defense/wars, Welfare, Medicaid, Foreign Aid, and other things like fraud.
You are a deadbeat. See above.
You have no clue what a "deadbeat" is.
I stand by what I said. The boomer generation is the worst generation by far. Deficit spending, unnecessary wars we lose, life expectancy started reducing under their watch, divorce rates out of control.
Obama, Biden and Trump added the most to the debt. Don't blame boomers, blame stupid politicians.
They have 60% of the senate today and still 40% of the house. No other generation is close. Boomers rule. They also ruin.
That $40T debt was generated over the last 25 years. This congress or the next will need to deal with it.
My recommended new revenue streams to start paying down the debt are:
1. Add a 4% Federal Sales Tax on all sales (gains ~$400b/yr)
2. Add a 2% financial transaction tax on ALL financial buy/sell transactions (stocks, bonds, derivatives, bitcoin, etc.) (gains $180b/yr)
3. Remove the cap on SS tax, and raise the ages from 62/67 to 63/68 (saves SS)
4. Remove Capital Gains tax break (39% to 20%) gain is ordinary income. ($100b/yr gained)
5. Tariff revenue $350b a year goes to only debt reduction.
Added together, $400b+$180b+$100b+$350b = $1T/yr to only be applied to debt reduction.