Just how intelligent are Trump supporters?

It’s optional. Trump could have it done anywhere if he thought private was better. It’s good enough for hypocritical GOP operatives but not for their minions who they constantly oppose for, any Govt, insured HC, let alone, managed HC.

 

Yup.
That’s because the treasury is the vehicle that writes out the checks.

 

Maybe even funding Hillary’s hair dresser or AOC provided dance lessons for GOP hopefuls, all of whom have two left feet. They’re all as necessary as Trump’s wall. There is nothing that can’t be an emergency after Trump’s farcical and rediculous ideas.

 

Yes and yes.

 

Both are running in the red, mainly they are paying out more than they are bringing in. SS is supposed to run out in 2034 and in more trouble is Medicare by 2026, just 8 years from now.

 

You don’t know the difference between red and and black do you ? Too funny. The gop just created a huge deficit which necessarily accelerates the the draw down of the trust funds....too funny if not too sad. The gop doesn’t know math do they. Every time the gop yells, the sky is falling, the IRS ups the cap to stay with inflation and extends the solvency of SS. ( which they recently did) It also raised the the rates for higher income earners for Medicare. Problem solved. Not really as long as the gop had the budget and locked in their tax cuts for the rich.m
https://www.medicareadvantage.com/resources/medicare-tax-rate

So, what’s your solution.....do nothing ? Cut your own throat to stay a GOP minion ? Do you have Medicare ?

Get a clue. Keep giving tax breaks to the rich is your solution.
.

 

You evidently do not know how these funds are calculated or how they actually work. Running in the red means you are paying out more than taking in. Eventually it draws the fund down to zero. The years they are drawn down to zero are the basis for those years. The general deficit has nothing to do with these funds. Funny you don't know that.

 

Here is SS...
It’s in the black. It created a surplus last year. Why ? Because they upped the cap. If you’d research instead of listening to faux, you’d know this s.h.i.t.
The deficit has everything to do with it. That’s why the gop wants to cut benefits. This is over your head I can see.
https://www.ssa.gov/policy/trust-funds-summary.html

 

It is in the black because it is not down to zero yet. It is 'running' in the red. This is over your head I can see.

 

SSA is using the term shortfall, including and excluding interest payments. SS/HI and other trust fund's interest payments are paid on redemption of assets, and semi-annually. Last fiscal year, in reference to SS, Treasury paid out $85 billion in interest, $45 billion were IOU'ed/increased the fund's assets, and the other $40 billion were paid out as benefits due to the fact income from both contributions and taxation on benefits were insufficient.

Thus, my question is; Where said $40 billion interest payments came from?

Answer; From the Treasury's General Account, thus, either from MY income taxes, (I'm a top 10%), or it was borrowed.

......and that's how Treasury KEPT SS in the BLACK.

Now, according to SSA, effective 2020, income from contributions, taxation of benefits, and interest payments will no longer offset SS OUTLAYS, and then, we will all witness a depletion of the fund's assets.

Historically, when income from both contributions and taxation on benefits were sufficient, Treasury's semi-annual interest payments were mostly IOU'ED......NOT ANYMORE!

Source; SSA April 2019 Trustee Report

 

You didn’t read the reference actuary did you. They took in more then they paid out. That’s not red.
I’ve referenced and proved everything I’ve said. You’re bloviating at this point.

 

Quote: You didn't read.....

I did!

"In 2018, Social Security’s total income exceeded total cost by $3 billion, but when interest received on trust fund asset reserves is excluded from program income, there was a deficit of $80 billion. The Trustees now project that total cost will exceed total income (including interest) beginning in 2020 and thereafter."

https://www.ssa.gov/OACT/TRSUM/index.html

" but when interest received on trust fund asset reserves is excluded from program income, there was a deficit of $80 billion"

NOTE: a deficit means RED, and where said $80 billion interest payments came from?

Answer; From the Treasury's General Account

Thus, who's money? My income taxes, or was it borrowed?

 

You still can't read can you. It went up last year. When there was ever a threat as in the past they raised the cap. The IRS always does this. Hannity has you guys scared and knows you can't research anything. You're afraid of the truth, and no reference again is there.

 

You cannot 'raise the cap' on SS or Medicare. It either has the funds or doesn't. The only thing you can do is either raise SS or Medicare Taxes, raise the retirement age, or reduce benefits. You apparently have no clue.

 

Poor baby. Drama queen
You're in top 10% and you have a crappy accountant . Waaaaa !

 

I can't but the IRS can and does. I guess you didn't know that a cap increase is a tax increase on those making above a certain amount .

 

Thanks for proving my point. You really have no clue about SS or Medicare.

 

Well you're the one who said it's in the red and it isn't. Look at the actuary... can you read ?

 

Yes, and Republicans are silent. They should have told Trump to stand down on the emergency before he went out on a limb.

 

Playing dumb again? Figures.

 

You made no point except that you're comments were uninformed and lazy.

 

You're not playing, you may real believe hannity is god.

 

The GOP can't see farther into the future then their next donor check. Universal healthcare, early AGW mitigation, all create jobs, save money and are good for the eco. They're only designing their next "ism" for their minions to whine about.

 

There are other options. Congress, for example, can supplement Medicare and Social Security funds from general revenue.

We have a problem that revolves around medical care...

and interest on the federal debt.



Getting snouts out of the healthcare trough should be a priority. Train enough doctors so markets will get their salaries down, force insurers to compete, let pharmacies import prescription drugs, and so on to get a handle on costs. The health care Rx isn't cutting care.

 

Even more than Democrats, Republicans are captives of big business. Not good.