Sure hope Mr. Trump doesn't touch SS or Medicare when he goes into office. A lot of us depend on our monthly SS to live on. Many of us don't have the luxury of a monthly Pension or savings to help us thru our Senior years. All Seniors need Medicare! Anyway, this is part of the article about government spending and "axing" I just read online: Donald Trump is ready to take an ax to government spending. It's not clear whether Trump's first budget will include reforms to Social Security or Medicare, two major drivers of the federal deficit. Trump vowed during the campaign not to cut Medicare and Social Security, a pledge that Rep. Tom Price (R-Ga.), his pick to head the Department of Health and Human Services, told lawmakers in testimony Wednesday has not changed. Yet it could be very difficult to reduce U.S. debt without tackling the entitlement programs. Conservative House budgets have repeatedly included reforms to Medicare and Social Security, arguing they are necessary to save the programs. What do you think?
I hope he doesn't as it's always the poorest that gets hit which just pushes up crime in order to survive There are other ways that should be looked at and not the same old thing
I also hope the pledge to leave SS and Medicare alone is honored. Believe we will see the future retirement age to be raised. Read that some purposed changes to the Budget might be: - Privatizing of The Corporation for Public Broadcasting. - Eliminate The National Endowment for the Arts - Eliminate The National Endowment for the Humanities This would be a good start in my book. I love the Arts, but it is hard to appreciate a picture painted on a wall when you are hungry and homeless.
The only way Social Security and Medicare in an entitlement...is because we have been paying into these two programs all our working lives so they would be there for us in retirement....and we are entitled to have what we have paid for!
Some of us are....I'm riding on my late husband's working. I didn't work enough to collect my own. I noticed that my Medicare number is my husbands social security number and not mine, it has a D after it which I'm told means Death or Disability...whatever the case may be. I did ask because I was concerned when I saw it was his SS number. I have Medicare Part A and B...pay $125 for part B. Also have a supplemental. I've not had to pay a cent so far for any tests and drs visits...just $5 for prescriptions.
From what I know, a person only contributes to SS thru a job. Medicare is not part of a job contribution. Medicare is offered to people thru their age (65). BTW, I have both, SS and Medicare A & B.
Look on your check stub @Cody Fousnaugh and you will see Medicare withholding taken out of your check.
I don't expect anything will be done to Social Security that will impact anyone already on it, and I don't really expect much to be done about it at all, although I wish they would restrict it to those who paid into it, including spouses of those who paid into it. Social Security should not be used as a welfare program.
I would like to see President Trump make the Government put all our interest monies back into Social Secuity and pass a law prohibiting the Government for ever touching those funds for anything but Social Security from now on. And although I don't think SS should change for us oldsters...I do think the younger ones should have a voice in saying whether they want to change some things about how and where the money taken out of their checks for SS is invested, etc.
I'm glad you included "spouses" of those who paid into it @Ken Anderson ....my husband paid into it his whole working life and only collected about a year before he died.
My fear would be for people who come after me, and that would be that they would take an approach to Social Security similar to what has been done with healthcare, mandating that people invest in private retirement programs. While this might seem like a good thing, whenever something is mandated, you remove the incentive to provide value for the money spent. If people have to buy it anyhow, that incentive is gone.
Yes, of course. While that may be out of favor among a lot of people today, traditionally the two parties in a marriage worked as a team, with one of them paying the bills while the other kept everything within the home and family working. Neither is more valuable than the other.
President Trump seems to want to get rid of "mandates" and go with what the majority of "we the people" want. I hope that will be true.