US Taxes are too low compared to the rest of the world

[kyzr]

The US keeps borrowing money, $23T and counting, and that is "unsustainable" as reported by the GAO.
National debt of the United States - Wikipedia

The rest of the world appears to be more responsible.
How do US taxes compare internationally?

So to Balance the Budget and start paying down the Debt the US needs to seriously revamp the tax code. Here are my recommendations for a return to fiscal sanity:
A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending $625b a year
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b (aka VAT)
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b (stops hi-frequency traders)
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html

Medicare will be insolvent in 2026
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

 

[JGalt]

"Taxes are too low" said nobody ever.

 

[tyroneweaver]

The US keeps borrowing money, $23T and counting, and that is "unsustainable" as reported by the GAO.
National debt of the United States - Wikipedia

The rest of the world appears to be more responsible.
How do US taxes compare internationally?
View attachment 304081

So to Balance the Budget and start paying down the Debt the US needs to seriously revamp the tax code. Here are my recommendations for a return to fiscal sanity:
A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending $625b a year
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b (aka VAT)
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b (stops hi-frequency traders)
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html

Medicare will be insolvent in 2026
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

maybe the government should just spend less

 

[Gdjjr]

The "Repo" Fiasco; the Fed's Cash Injections Send Stocks Soaring

From the comments on that article;

On the other hand, no private person or institution would be allowed to create $29 trillion of counterfeit money either.


So what’s going on? Is the Fed part of the US government, or an organization subordinate to the US government, or what?


By the way, for anyone who finds sums such as $29 trillion hard to come to grips with… it’s a little north of $87,000 for every US man, woman and child.


Seems to me that a citizen ought to know when someone issues $87,000 of debt in his name.


Questions for Partisans

 

[Harpy Eagle]

The US keeps borrowing money, $23T and counting, and that is "unsustainable" as reported by the GAO.
National debt of the United States - Wikipedia

The rest of the world appears to be more responsible.
How do US taxes compare internationally?
View attachment 304081

So to Balance the Budget and start paying down the Debt the US needs to seriously revamp the tax code. Here are my recommendations for a return to fiscal sanity:
A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending $625b a year
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b (aka VAT)
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b (stops hi-frequency traders)
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html

Medicare will be insolvent in 2026
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

Thank you for your post, it is well thought out and nothing in it really to argue with.

 

[Harpy Eagle]

"Taxes are too low" said nobody ever.

At least not in this country full of freeloaders like you that are happy to push their debt off on to the future generations.

 

[Harpy Eagle]

maybe the government should just spend less

That is a great plan, now if we could just get people like you to quit voting for one of the same two parties, neither of which will spend less.

 

[Gdjjr]

There's enough fat in every program/department to make 10-20% cuts/year until such time as the numbers match- the longer the wait the higher the numbers- however, the hegemony requires Petro Dollar saturation world wide which is achieved by colonizing with military bases world wide and war. It's not esoteric and it's not gonna happen. At some point there will be a revolt- not if but when and all the conventions in the world to re-write rules that won't be any better adhered to won't change it.

 

[tyroneweaver]

maybe the government should just spend less

That is a great plan, now if we could just get people like you to quit voting for one of the same two parties, neither of which will spend less.

matter of fact I have. But nice try nonetheless.

 

[JGalt]

"Taxes are too low" said nobody ever.

At least not in this country full of freeloaders like you that are happy to push their debt off on to the future generations.

GFY. I pay my own way. I need nothing from the government and don't vote for FreeSHitArmy candidates.

 

[Harpy Eagle]

"Taxes are too low" said nobody ever.

At least not in this country full of freeloaders like you that are happy to push their debt off on to the future generations.

GFY. I pay my own way. I need nothing from the government and don't vote for FreeSHitArmy candidates.

You vote for Repubs who spend just as much as the Dems.

You are part of the problem, not the solution.

 

[Maxdeath]

The US keeps borrowing money, $23T and counting, and that is "unsustainable" as reported by the GAO.
National debt of the United States - Wikipedia

The rest of the world appears to be more responsible.
How do US taxes compare internationally?
View attachment 304081

So to Balance the Budget and start paying down the Debt the US needs to seriously revamp the tax code. Here are my recommendations for a return to fiscal sanity:
A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending $625b a year
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b (aka VAT)
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b (stops hi-frequency traders)
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html

Medicare will be insolvent in 2026
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

While you are talking a good idea there are some major flaws in your ideas. First let's talk taxes. You do get that countries like Denmark only have government taxes? There is no actual state taxes involved. If you took say California and looked at state and federal together you would probably be even with or above Dnemark tax bracket.
Next let's look at the military. To reduce our military to even half of what you want would mean closing bases and creating massive unemployment numbers. Not just in the military but in support and in industry. I'm not even going to go into how it would affect our alliances or the way the military operates.
We have a large amount of the population that relies on welfare or other government handouts to live. We pay too many congress critters for doing nothing. Our country has always been addicted to spending and will not change.

 

[Oddball]

The US keeps borrowing money, $23T and counting, and that is "unsustainable" as reported by the GAO.
National debt of the United States - Wikipedia

The rest of the world appears to be more responsible.
How do US taxes compare internationally?
View attachment 304081

So to Balance the Budget and start paying down the Debt the US needs to seriously revamp the tax code. Here are my recommendations for a return to fiscal sanity:
A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending $625b a year
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b (aka VAT)
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b (stops hi-frequency traders)
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html

Medicare will be insolvent in 2026
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

Trimming around the edges and polishing turds.

Taxes don't need to be raised at all....We had a functioning nation for over 150 years with NO direct taxes on the incomes of the people (i.e. part-time slavery)....We the Peasants have to make do with our incomes, then so do the feds.

Entire federal agencies need to be done away with, not trimmed down.

Pentagon spending needs to be gutted, foreign bases need to be closed, and the troops need to be brought home.....We don't need any more Ford class carriers or foolhardy multi-billion dollar fighter jets that don't work.

Social Security and Medicare will never ever be made to fly financially....End them altogether and work out a way to see to it that people who got suckered into paying into them are made whole again.

Abolish the Fed, so that "money" to go into such debt again can't just be printed up out of thin air.

 

[imawhosure]

The US keeps borrowing money, $23T and counting, and that is "unsustainable" as reported by the GAO.
National debt of the United States - Wikipedia

The rest of the world appears to be more responsible.
How do US taxes compare internationally?
View attachment 304081

So to Balance the Budget and start paying down the Debt the US needs to seriously revamp the tax code. Here are my recommendations for a return to fiscal sanity:
A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending $625b a year
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b (aka VAT)
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b (stops hi-frequency traders)
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html

Medicare will be insolvent in 2026
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

My good man, I am not going to disagree with your chart at all. But I am going to disagree with most of your solutions.

Why?

Because no politician that I know of, could push any of them through! Who in the hell would elect them?

The only solution that I seen that was doable, was cut foreign aid since other countries do not vote in our elections. For the rest of the suggestions------>as soon as you target one constituency or the other, they are going to scream "why us," and not vote for the person proposing it.

Besides foreign aid, the only other thing is EQUAL cuts across the board, and BOTH political parties have to be on board with it, or the one who isn't, will surely be elected. Good luck with that!

For those who are younger, look back at what past Presidents said about how they were going to fix the entitlements, and it wasn't going to hurt at all! Did they do it, and if they did, did it work? OF COURSE NOT! They lied!

So if ANYONE thinks that this can be fixed by one party, while the other resists, you are smoking something. Americans will ALWAYS vote for the snake oil salesman, if they think they can get away with cheap medicine, even if intellectually, they know they can't!

 

[Desperado]

What we have is a spending problem. We need to cut spending drastically. Start by cutting all foreign and military aid to all countries. Then Cut our military spending by ending all the wars in the middle east. Now bring home our troops and close our bases in Europe, Japan, Korea, and where ever else we have them, we will no longer be the World Police. Next pull out of the UN and NATO and other such organizations that provide us with nothing but only take our tax money.

 

[Pete7469]

I'm not going to pretend to understand all the nuances of economic philosophy, but when your country's currency is based on FAITH, rather than actually having any tangible value, it makes no difference what your debt is. We owe $23T in "promissory notes" to all sorts of people. The people who print the promissory notes and own the bank that functions as our treasury prints them and hold a lot of that debt to itself.

It allows smaller countries to exist printing monopoly money to maintain a banking industry and economy in the same manner as long as they continue to cooperate. Then they can buy food, fuel, consumer and industrial supplies with monopoly money. If they revolt and oppose the globalist agenda, their credit rating suffers.

I don't believe a gold backed currency is the answer, because then you're limited on how much currency you can legitimately have in circulation. Take all the precious metal on earth and you're still under the annual GDP if you want cash backed on a tangible metal. (I think).

The debt certainly is an issue and I do hope Trump will be making an effort to restrain spending and start paying down that debt in the next 5 years. That said I also believe that money itself is a "bugaboo of small minds" to lift a quote from Robert Heinlein.


.

 

[Snouter]

Occupants of Africa and the Middle East need to pay more taxes. Wait a sec...US taxpayer money goes to Africa and the Middle East to make sure the jews and negroes and arabs continue flooding the world with ugly offspring. Dayem...

 

[harmonica]

high taxes ruined medieval communities
should've cut taxes long ago
cut spending

 

[harmonica]

The US keeps borrowing money, $23T and counting, and that is "unsustainable" as reported by the GAO.
National debt of the United States - Wikipedia

The rest of the world appears to be more responsible.
How do US taxes compare internationally?
View attachment 304081

So to Balance the Budget and start paying down the Debt the US needs to seriously revamp the tax code. Here are my recommendations for a return to fiscal sanity:
A. Hire another "Grace Commission" to audit and fix the Federal budget deficit

B. Cut Spending $625b a year
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)

US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion

C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b (aka VAT)
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b (stops hi-frequency traders)
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:

Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html

Medicare will be insolvent in 2026
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

...also it's hard to compare a lot of those countries with the US...their populations are so much smaller/land mass smaller/cultures different/immigration--illegals different/etc

 

[tyroneweaver]

"Taxes are too low" said nobody ever.

At least not in this country full of freeloaders like you that are happy to push their debt off on to the future generations.

GFY. I pay my own way. I need nothing from the government and don't vote for FreeSHitArmy candidates.

You vote for Repubs who spend just as much as the Dems.

You are part of the problem, not the solution.

So you can post a pic of him pushing his grand mother in wheel chair over the cliff.

I don't think so