We know that Medicare is set to go bankrupt in 2024 with no action, and social security is set to be insolvent by 2037.
Sentiment: NEGATIVE
Since Medicare is on track to go bankrupt in 2024, the de facto Obama Medicare plan is to rob it and watch it disappear, leaving future generations without any hope of receiving benefits and today's seniors with an unpredictable future.
No one can reasonably deny that Medicare is headed for insolvency, and that Medicare's insolvency, if not rectified, will lead to the federal government's insolvency.
Have you noticed the debt is exploding? And it's not all because of Medicare.
Social Security and Medicare are necessary safety nets, but they are nearing insolvency as fewer pay in, more take out, and more take out more.
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
No matter how many times you say Social Security is broke, the reality is that Social Security's independent revenue stream and its Trust Fund's investments maintain the program's solvency until 2037, when it may begin to fall short.
The administration in my view is once again manufacturing a crisis. There is no crisis in the Social Security system. The system is not on the verge of bankruptcy.
And in terms of entitlement reforms, we have to save them from themselves, because if we don't reform social security and we don't reform Medicare, they're going to actually implode.
We are confronting a situation in which the Administration, in my view, is once again manufacturing a crisis. There is no crisis in the Social Security system. The system is not on the verge of bankruptcy.
It's not 2038 that Social Security is bankrupt. It's now.