The Feckless GOP
https://market-ticker.org/akcs-www?post=247225The comments are equally-crazy.
As I've pointed out Social Security is, while underfunded, only modestly so (by about 18%.) That is, lifting the cap (in part) and increasing the rate (by about 1%) would balance income with outflow. It's a solvable problem.
Medicare and Medicaid combined, on the other hand, are 80% unfunded. That is, to close that gap you'd have to increase the tax rate on Medicare (which is already not-capped) by five times.
That won't happen.
Never mind that the Medicaid portion on the federal side is only part of it -- the rest falls on the States, all of it unfunded as there is no Medicaid tax.
As I've repeatedly pointed out that's where the entire problem is going all the way back to before the "Great Financial Crisis" and, in fact, all the way back to the 1990s! I don't have the MTS for the end of Fiscal 2022 year (September's report is not yet out, but it will be within days) but if you look at August's report (11 of the 12 months) you see the problem: $1.834 trillion spent by CMS with one month left, or roughly 34% of the total government spend.
How much was taken in by the commensurate tax? $307 billion, or 16.7% of that which was spent.
This is worse than it was a couple of years ago when it was about 20%.
In other words the deficit in these programs alone is $1.527 trillion or more than the entire budget deficit -- by about 150%!
The entire problem is there.
Not some of it, all of it.
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The above reveal on structural deficits in both Medicare and Medicaid was the SOLE reason that Mr. and Mrs. PB1 did NOT take any of the COVID injections.
While I had no idea how dire the situation really was, my cynical mind immediately connected the dots that the political class had decided to cull (trim) the number of baby boomers in the US in order to cut down on both Medicare and Medicaid outlays.
THIS is the path that politicians invariably take as well as bureaucrats in the Federal Government. I witnessed it for 36 year so why would any of this been a surprise?
It wasn't.
All the injections and boosters are intended to dramatically shorten your life so they won't have to spend money on you as they consider you a nonproductive useless eater.