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Medicare and Social Security go-broke dates are pushed back in a ‘measure of good news’

The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday.

Still, officials warn that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.

solrize ,

People dying faster does save Social Security money, but Is it good news in the scheme of things? Hmm.

insurancenewsnet.com/…/video-the-excess-mortality…

(Despite saying “video” there is a transcript).

sunzu ,

Covid musta helped some here...

dohpaz42 ,
@dohpaz42@lemmy.world avatar

Hmm. 2036. It’s 2024 now. I’m 47… :: counts on fingers and toes :: Nope, still not going to help.

kikutwo ,

Wild idea, how about taking care of the trust funds instead of paying for bombs for Israel?

FirstCircle ,
@FirstCircle@lemmy.ml avatar

My thoughts exactly. Somehow, year after year, we can always come up with $800B+ for the offense budget ($842B FY2024) and that never gets seriously questioned, despite the US not being technically at war with any other major or minor powers. The offense budget is always a “must pass” proposition, whereas spending that actually helps Americans, like Medicare, Medicaid, and SS, are treated/portrayed as some sort of obscene “entitlements” that only the most profligate and immoral nations would ever direct tax money to. Those, and any kind of non-military infrastructure, are just examples of coddling the undeserving citizenry. Investing in the means to kill “foreigners”, in contrast, is money well spent!

The whole “standing army” paradigm needs to be scrapped and the sooner the better.

feannag ,

On the flip side, the DoD is the biggest socialist organization in the government and employs literally millions of Americans. And while the US isn’t at war, they have a lot of international allies that they support and prop up. (that being said, the defense budget is pretty obscene. And the support of Israel is maybe not the best way to spend it.)

givesomefucks ,

All we need to do is get rid of the cap on income and it would immediately have more money than we need.

If someone makes more than the cap, they can afford to keep paying it

ccunning ,

But that means the well off would be paying in; not just the poor.

What is this some sort of socialist financial security plan?

AlexanderESmith ,

Fuck that.

I never wanted to pay a dime of it, because even as a teen with a shitty starter job I was paying into a system I knew was going to go broke before I got to draw anything from it. Now I work two jobs just to contribute to my retirement so that maybe I'll get a few good years at the end, and bow they want to make sure that no matter how much I make, I have to keep paying? Get fucked (the system, not you in particular).

How about we set a floor, below which you don't need to pay for social security. I don't know what number makes sense, lets just call it $500k/yr. Then all the rich assholes who don't need it can pay for the people they're fucking over.

While we're at it, take social security out of dividend payouts and stock sales above some yearly threshold too, take some back from the dicks who don't actually have "income" because they get paid in stock.

Entropywins ,

Not gonna lie first part of the post I’m like this guy is am asshole but reading the entire post you’ve got some great ideas

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