2 results for tag: social security


Jenny Beth’s Journal: Eventually, Someone Has to Pay the Tab on Entitlements

The impending crisis of Social Security and Medicare may be heading our way a lot sooner than we thought. Social Security will become insolvent by 2035 and Medicare will be depleted by 2026 under current projections. How did we get to this point? Jenny Beth has the commentary: It’s time to recognize that we’re all in this together. Sooner or later, someone is going to have to pay the tab. And from where I sit, the people who pay the tab should be the people who ate the meal – not their children, who weren’t even at the table. For decades, Americans have been on the receiving end of what should have been taxpayer-provided benefits but ...

If Social Security Becomes Insolvent, What Does That Mean for Medicare-for-All?

According to a new report, Social Security will be insolvent and unable to pay the full value of promised benefits to recipients by 2035 and it will exceed its income by 2020.  About 67 million people are currently recipients; however, if nothing changes, the program will have to impose cuts of 20 percent to all beneficiaries. For many who rely solely on Social Security, that’s significant. Even Medicare will be unable to cover the full cost of benefits for those who qualify. Meanwhile, 2020 contenders like Bernie Sanders are proposing Medicare-for-All to be the savior of healthcare.  What Bernie Sanders doesn’t understand is his pipe dream ...