Several times in speeches made by President Joe Biden, Social Security and Medicare was brought up regarding a five year review. I am certain every dismissed those comments as inconsequential. They are very important statements.
I strongly believe the extremists want to end these programs and/or alter them dramatically. They will attempt to do so at first opportunity and they just might have a perfect storm to do so.
Social Security and Medicare is the baseline of the USA economy. It would through the entire economy into a tail spin if these programs were altered or terminated or reduced as promised to working Americans. The entire issue is ideology and belongs nowhere in American political discourse, except, to remind everyone how too many conservatives and extremists in office presents a danger to all of us.
By Amy B. Wang
Sen. Ron Johnson (R-Wis.) (click here) has suggested that Social Security and Medicare be eliminated as federal entitlement programs, and that they should instead become programs approved by Congress on an annual basis as discretionary spending.
Those who work in the United States pay Social Security and Medicare taxes that go into federal trust funds. Upon retirement, based on a person’s lifetime earnings and other factors, a retiree is eligible to receive monthly Social Security payments. Similarly, Medicare is the federal health insurance program that kicks in for people 65 and older, or for others who have disabilities.
In an interview that aired Tuesday on “The Regular Joe Show” podcast, Johnson, who is seeking a third term in the Senate, lamented that the Social Security and Medicare programs automatically grant benefits to those who meet the qualifications — that is, to those who had been paying into the system over their working life....
Your Social Security Statement (Statement) (click here) is available to view online by opening a my Social Security account. It is useful for people of all ages who want to learn about their future Social Security benefits and current earnings history.
