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- Feb 19, 2002
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SS and Medicare have been FIXED multiple times. The "fix" is to raise the rates and "save" the excess money to cover the KNOWN upcoming deficit. Therein lies the problem. I think it was Johnson who realized that the SS money was just sitting there waiting to be spent so it was his administration that moved the SS fund to the general fund so it is now spent as fast as it comes in and not on SS payments. It is spent to build turtle tunnels, bridges to nowhere, and to support the large number of illegal immigrants we seem to acquire each year, not to mentions stupid stuff like bribes to the Taliban and Iran.
So, given that there really isn't a sequestered SS fund anymore, SS will always and forevermore be paid from current funds, deficit or not. Luckily, when the current baby boomers die off and I'm at the bleeding edge of that, the problem will go away again because the balance between contributors and recipients will swing back.
In the best of all worlds, the imported illegals would work legitimately and they and their employers would pay into SS but never collect because they're not citizens or legal residents. However, way too many work under the table so they and their employers, never contribute a dime to SS or Medicare.
So, given that there really isn't a sequestered SS fund anymore, SS will always and forevermore be paid from current funds, deficit or not. Luckily, when the current baby boomers die off and I'm at the bleeding edge of that, the problem will go away again because the balance between contributors and recipients will swing back.
In the best of all worlds, the imported illegals would work legitimately and they and their employers would pay into SS but never collect because they're not citizens or legal residents. However, way too many work under the table so they and their employers, never contribute a dime to SS or Medicare.