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Reply #31: I agree, that happens [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Juche Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-06-10 07:45 PM
Response to Reply #13
31. I agree, that happens
Social security is solvent and will be for a long time. Even with minor changes it can be run until 2075 or later and still provide 100% of benefits.

Medicare is a different story. The tax rate may need to be raised from 2.9% to 9.0% or so just to keep it solvent. With SS, something minor like a 10% tax hike (12.4% up to 14%), or lifting the cap a bit would fix it for 50-100 years. With medicare, there is no cap (luckily Clinton got rid of it in 1993) and we may need to triple the tax rate to keep it solvent.

I do hope people don't fall for the divide/conquer BS designed to destroy entitlement programs. But medicare (and health care in general) is a huge problem that needs to be addressed.

We need to rebuild health care to make it as cheap, accessible and reliable as possible.
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