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by achompas
5758 days ago
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I'm confused, what does Clinton have to do with these programs? Worth noting that Bush Jr. signed a prescription drug bill that will cost $550 billion between 2006 and 2015 [1]. 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 |
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