Author Topic: Social Security trust fund to be exhausted by 2035 and Medicare in 2036, trustees project  (Read 555 times)

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Social Security trust fund to be exhausted by 2035 and Medicare in 2036, trustees project
By
Zachary Halaschak
May 6, 2024 4:03 pm
.

The Medicare trust fund will be exhausted in 2036, and the combined Social Security trust fund will become exhausted in 2035, the programs’ trustees projected on Monday.

The report illustrates the long-term problems facing the entitlement programs, on which tens of millions of people rely. Nevertheless, it contained good news in that the deadlines have been moved back a bit from last year’s projections.

The extended timeline gives a bit more breathing room to Congress, where the looming depletion of the trust fund has become a top political issue. Both President Joe Biden and former President Donald Trump have vowed not to cut the popular entitlement benefits for seniors.

Still, the fact that the dates are still just over a decade away is another reminder of the fiscal cliffs that are looming large and the need for lawmakers to craft a plan to keep the programs solvent.

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https://www.washingtonexaminer.com/policy/finance-and-economy/2993177/social-security-trust-fund-exhausted-2035-medicare-2036-trustees-project/
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Offline Cyber Liberty

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But they will never run out of mad money to give to illegal aliens for free healthcare, free rent, free phones and a load of other free stuff.
For unvaccinated, we are looking at a winter of severe illness and death — if you’re unvaccinated — for themselves, their families, and the hospitals they’ll soon overwhelm. Sloe Joe Biteme 12/16
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Offline Hoodat

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There is no Social Security trust fund.
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Offline mountaineer

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There is no Social Security trust fund.
Yeah, I thought that illusory creature had died years ago.
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Offline Hoodat

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Nothing but a lock box filled with IOUs.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline libertybele

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But they will never run out of mad money to give to illegal aliens for free healthcare, free rent, free phones and a load of other free stuff.

Exactly .... don't get me started ..... 9999hair out0000 9999hair out0000 888mouth 888mouth 888mouth
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Offline LMAO

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But they will never run out of mad money to give to illegal aliens for free healthcare, free rent, free phones and a load of other free stuff.

Yeah, funny how money for that is limitless
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Offline Hoodat

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But they will never run out of mad money to give to illegal aliens for free healthcare, free rent, free phones and a load of other free stuff.

Same goes for Social Security.  It's been running in the red for the last decade.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline Cyber Liberty

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Same goes for Social Security.  It's been running in the red for the last decade.

There are two reasons for denying this, and I am sure both are in play.  First, people would freak out to discover this because the illusion of solvency will be gone.  The other reason is that if they were to admit it, they would lose the Sword of Demacles they presently are holding over the heads of retirees.
For unvaccinated, we are looking at a winter of severe illness and death — if you’re unvaccinated — for themselves, their families, and the hospitals they’ll soon overwhelm. Sloe Joe Biteme 12/16
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Offline DB

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They'll never run out of money, period.

They will print it until the paper they print it on is worth more than the money. The addict has to get its fix.

Offline LMAO

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They'll never run out of money, period.

They will print it until the paper they print it on is worth more than the money. The addict has to get its fix.

That is probably the path they will follow

You’ll get your SS check. But it’s purchasing power will be diminished

We have very serious issues facing this country with two unserious candidates
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Offline christian

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Bankrupting trust funds means more money to spend on the Ukraine.  The very same Ukraine the democrats have made certain we are going to lose much like we did in Afghanistan.
The 'god' Joe and all his moronic stooges will have one hell of a celebration then.
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Offline Smokin Joe

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Bankrupting trust funds means more money to spend on the Ukraine.  The very same Ukraine the democrats have made certain we are going to lose much like we did in Afghanistan.
The 'god' Joe and all his moronic stooges will have one hell of a celebration then.
What did you expect from the people who don't care about 'the cause', only the 'revolution'?
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