General Discussion
In reply to the discussion: Well this is just great..... Social Security and Medicare will run out of money in just over a decade [View all]Warpy
(111,796 posts)My dad said the Republicans have said that since the 1930s, when we got it.
They're full of shit.
They've underfunded it every way they could. However, the labor shortage will continue as we Boomers retire and die off. Wages will have to rise and with that rise, more money will flow into the system. You might even see a reduction in the OASDI premium taken out of your paycheck, something Reagan jacked up six times so he could use the overpayments to cover up what his tax fuckups did to the treasury without inconveniencing the rich men who put him into office.
Remember, this is an insurance plan, no matter what Republicans have tried to call it. Their rich masters want it all in the stock market so they can look even richer. They don't need that. We need the insurance.