Social Security won’t be able to pay full benefits in 2034 if Congress doesn’t act

Tax the rich and tax the fucking churches.

Options to address Social Security’s fiscal issues include raising the payroll tax rate; delaying the ages when people can start collecting benefits or receive their full retirement payments; increasing the amount of income subject to the payroll tax; and curtailing benefits or the rate at which they increase annually, among other proposals.

“Taking action sooner rather than later will allow consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare,” the trustees wrote in a message to the public.

Medicare’s fiscal outlook also worsened. Its hospital insurance trust fund, known as Medicare Part A, is expected to be able to cover scheduled inpatient hospital benefits until 2033, compared to 2036 in last year’s report from the program’s trustees. At that time, Medicare will only be able to pay 89% of total scheduled Part A benefits, which also cover hospice care, short-term skilled nursing facility services and home health services following hospitalizations.

[quote]Tax the rich and tax the fucking churches.

R1. Agree. However, Trump's current tax and spending bill is proposed to cut taxes on the wealthy--and the Repig members of Congress are working to pass this bill right now.

I fully expect that I'll need to off myself when that time comes around. I: don't have the will to live in a box down by the river.

It won’t be fixed until they raise the retirement age AND raise income subject to payroll tax. The rich get a free ride in the United States. I didn’t even mention raising taxes for all rich people because that is taboo apparently (but should be done).

I'm 51 and I've been hearing this since the 80s.

By 2034, I’ll already be receiving benefits, so maybe the program could just stop allowing anyone new that year to start taking benefits until the system becomes more sound.

We’ve known this for the last decade and have done nothing.

Considering the life expectancy of American males is 75, if they raise the retirement age much past 65, they’re not expecting you to live long and collect SS

I’m so happy I’m old, & will miss the deadline.

There’s more to opine about this, but I’m going to bed now.

I’ve read that a lot of people are collecting at young ages (59-62) because they are afraid it will run out. Terrible that people have to make these decisions in a country of billionaires hoarding wealth.