General Discussion
In reply to the discussion: This 53 year old has it right.... [View all]pediatricmedic
(397 posts)And please don't give the the tired old line "Tax the Rich". Increased taxes on the rich are going to happen, it will just take a little more time. It only buys us a year or two at most by taxing them.
The problem is that the cost of SS and Medicare are increasing much faster then we could ever increase taxes. Even if we tax everyone at 100%(not realistic), we are going to still hit a point where there will not be enough money coming in to cover costs. Money and resources are not limitless as some may think.
The Republican solution is to cut everything, which is pretty much a death sentence to many who rely on this support. I am not comfortable with condemning that many people to death.
At some point the system will fail and we will be stuck with the Republican solution if we do nothing. So how do we avoid this death spiral?