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by nanairo
5758 days ago
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Why are SS and Medicare the biggest drivers? Didn't Clinton leave you with a surplus? And didn't he have to pay for SS and Medicare too? What's changed since then and now? Anyway I am not arguing that big government are always the best. I am arguing that big government sometimes are. Or to put it another way I am arguing that SMALL government isn't always the best. |
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SS and Medicare are programs intended for older people which are funded by current workers. As time has passed and SS/Medicare eligibility has increased, more SS/Medicare taxes from current workers are paying for fewer people's benefits. This problem has worsened as baby boomers have reached retirement age--we've never seen SS/Medicare enrollment like this before.
Point being: my generation is paying a large chunk of taxes that it will probably never benefit from, as SS/Medicare will likely occupy too large a portion of the budget and would thus need to be scaled back (or closed down).
[1] http://www.cms.gov/ReportsTrustFunds/downloads/tr2009.pdf