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Taxes out of my paycheck!?!? grrrrr
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<blockquote data-quote="JL 0513" data-source="post: 2022703" data-attributes="member: 50088"><p>Technically, there is no SS trust fund. For 2014, SS ran a $39B deficit. So just to make payments to all the recipients, the government is already borrowing 10's of billions each year. It's just a money in, money out routine. The big blow will come in during the coming years where the baby boomer generation start collecting in full with no where near the workers to cover it, not even close. Never mind the Medicare explosion as that generation grows old. We're in for a rude awakening. And no one wants to do anything about because it's political suicide.</p></blockquote><p></p>
[QUOTE="JL 0513, post: 2022703, member: 50088"] Technically, there is no SS trust fund. For 2014, SS ran a $39B deficit. So just to make payments to all the recipients, the government is already borrowing 10's of billions each year. It's just a money in, money out routine. The big blow will come in during the coming years where the baby boomer generation start collecting in full with no where near the workers to cover it, not even close. Never mind the Medicare explosion as that generation grows old. We're in for a rude awakening. And no one wants to do anything about because it's political suicide. [/QUOTE]
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Taxes out of my paycheck!?!? grrrrr
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