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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (495643)7/16/2009 1:36:32 PM
From: Steve Dietrich  Read Replies (2) of 1574483
 
My children are paying Medicare taxes today that were, as the program was conceived, to be held in trust so that when they turn 65 those funds would be available to pay for their benefits.

This is a lie. Your whole rant is based on a falsehood. You're really not to be taken seriously.

Medicare didn't collect revenue for a generation, hold on to the money, and then start paying benefits when those workers retired. That's absurd.

Instead, the working generation pays for the benefits of retirees with the understanding that their benefits will in turn be paid by future workers.

Which is why your accounting claims are such a joke.

Medicare currently runs a surplus.

SD
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