And call it an "Entitlement"............. Well it is, I paid in all my working years to it, since I was a kid.. But the politicians had to dip into it, it was self sufficient..Sustaining itself.
Yes it was initially setup to maintain itself but as you said they just keep dipping into it for other purposes and never repaying the fund. And the fund really took a hit the first two years of the Covid pandemic. Well actually the tax scheme took a hit. Plus it doesn't help that some taxpayers completely avoid paying their fair share in taxes.
Right now I know a company that paying its workers cash and not paying any payroll taxes, plus when they sale products for cash they don't collect and pay the sale taxes. So it looks like they are not making as much as they are. No wonder they are building up so fast.
Just yesterday I read where the Republicans are now pushing for Medicare to start at 70 instead of 65 and they wanting to raise the full retirement age for Social Security benefits be move to 70 too instead of the current 67. The reason behind the idea is that we are living longer due better health care. It bad enough for me when they moved me to 67 and 8 months years ago now. Well I will just take the hit on the monthly payments and still retire at 65 which is 1yr and 7 months (and counting down) away.
As the article mention we seniors as a whole will be a lot less healthy by then and will actually cost Medicare more to cover us. But that is apparently not taken into the thinking of the
bureaucrats. That sorta like buying cheaper mower to only find out later that it costs more to maintain it.
