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<blockquote data-quote="vantexan" data-source="post: 5443924" data-attributes="member: 24302"><p>The problem with all that is Biden's policies have caused inflation. The Fed has to raise interest rates to combat inflation. That causes the Federal government to have to pay more and more to service the debt that has been run up. At some point the government will have no choice but to cut back on various programs. So whether it's Democrats or Republicans someone has to face reality. Luckily Social Security and Medicare are funded by payroll taxes. But it's very likely SS will be cut back in the future because there won't be money to cover the shortfall because of the necessity to service the debt. So if anyone reading this is in a 401k fund it as much as you can. You'll be glad you did in the not too distant future.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5443924, member: 24302"] The problem with all that is Biden's policies have caused inflation. The Fed has to raise interest rates to combat inflation. That causes the Federal government to have to pay more and more to service the debt that has been run up. At some point the government will have no choice but to cut back on various programs. So whether it's Democrats or Republicans someone has to face reality. Luckily Social Security and Medicare are funded by payroll taxes. But it's very likely SS will be cut back in the future because there won't be money to cover the shortfall because of the necessity to service the debt. So if anyone reading this is in a 401k fund it as much as you can. You'll be glad you did in the not too distant future. [/QUOTE]
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