Ray From Cleveland
Diamond Member
- Aug 16, 2015
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The Trustees are saying Medicare will go bankrupt in 2026 at the latest. So will the 2020 race or the 2024 race address it?Nope. Medicare will be bankrupt in 2026, so IMHO Medicare is toast.Our grandchildren and great-grandchildren will pay for it, but don’t worry we cant hear their complaints from the grave.
SS will be able to pay 70% of the promised amounts after 2030, which is an entitlement cut that both parties can dodge responsibility for.
It won’t really go bankrupt. Our political elites will find a way to kick the can down the road.
The democrats need to push the issue and see how Trump plans to save Medicare.
Step one of course is to increase employee payroll contribution. While medical costs kept increasing and increasing, Medicare deductions have stayed the same. If the bill on your credit card is 100 bucks a month, and you pay 100 bucks a month, that's fine. When your bill starts to increase to 125, 150 175, and you're still paying 100 bucks a month, of course it's not going to wash. Eventually you're going to end up in real trouble.
After the economy gets roaring again, we need to calculate how much this virus cost us. That bill should be deducted from what we owe China.
LOL! On CNBC this morning a CEO (3M) was saying that China is NOT letting ANY US Dollars out of China.
That sword cuts both ways.
You mean the same CEO that is in battle with our President?