Social Security and Medicare: The Big Entitlements.

Hippie_Guy2Most of you doubt that Social Ssecurity will be there for you.

   Q: Why are you not screaming about paycheck FICA deductions? 

    A:  You are just plain suckers [Google this fools: social security sucker generations]

Oops, we forgot that, many of you don’t even have paychecks. And, that only makes things worse: Historically low employment participation means fewer people contributing to the social security fund.

This is yet another reason why you should demand pro-business policies.

 It’s the biggest debt problem of them all.

Social Security and Medicare are the biggest components of the growing National Debt: 45%  of 2012 spending went toward paying for Social Security and health care entitlements (primarily Medicare and Medicaid). And, this is all out of deficit spending, so if we had a balanced budget, with the same entitlement spending, it would be a higher percentage.

As discussed elsewhere, by 2030. after combined spending of social security, Medicare and interest payments, there will be no money in the federal budget for anything else.

It’s a big deal, and it must be dealt with, or millennials will never see a penny of it. That is why the political rhetoric coming from the Democrats is particularly shameful: They scare the vulnerable about change, even when the proposed change will not affect them.

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It’s shameful and just another example of using emotions to prevent people from looking at underlying realities, to maintain political power and not have to deal with a big problem.

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