Reply to "Walt Maddox Shows Common Sense on Arming Teachers"

1130 posted:

more hand outs, more interfering with business  is wrong.   raising min. wage just ads to inflation.  The unfair thing about raising min. wage is people making more than min. wage generally don't get a raise. Thus moving them down closer to the min. wage line.   Maybe a better idea is to improve education, build for the future.  

extending Medicaid is just more handouts, more opportunity for fraud.  I still don't understand people pay into SS/Medicare for over 40 years and money is running out. Yet there is still money for welfare, food stamps, Medicaid refuges, ETC.    Who looks out for the tax payers?  the producing citizens?   not our politicians 

From the Social Security Trustees report for 2017.  SS may only pay out what they receive.  Since the Eisenhower administration, congress has borrowed the surplus.  Unfortunately, Ike's was the last to pay it back.  Treasury issues special notes and pays interest on the borrowed funds.  SS administration takes in worker and employee contributions -- those alone are no longer sufficient to cover payments to annuitants.  However, the interest paid by Treasury makes up the difference.  After 2020, those three revenue streams will not be sufficient to cover payments to annuitants.  The special Treasury notes must be cashed in.  Those notes will run out by 2034.  After which SSA will have to reduce payments to annuitants by about 23 percent.  BTW, to make up the cashing in of Treasury notes, congress will have to cut expenses, raise revenue, borrow more or a combination of the three.  Medicare is in a similar fix.  They anticipate a shortfall by 2029. 

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