Quote:
Originally Posted by Guest
If you are going to deny SS or Medicare to anyone, I believe you will have to pass another bill/law. Right now, SS is a right. I don't care about Medicare because I have full private health insurance. Medicare A which I have and have never used, is just for hospitalization. I didn't opt in for Medicare "B" because I did not see why I should have them charge me another hundred bucks for something I didn't intend to use when I have full coverage private insurance. Personally, I could see them taking Medicare away from us that have private insurance, since it isn't used anyway. It is a shame that we work for 45 years or so, paying into SS and Medicare and then folks think that we don't deserve it because we have too much. I never did care much for income redistribution. Even in socialist countries, everyone gets their retirement pension. Just my thoughts on that part of the comment.
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They will have to pass a bill, if they want to change SS as it is now. The problem with your reasoning is that we paid for SS; therefore, we are entitled to it. We are as the law is written. However, we were paying for people that were on SS. Most of funds paid by us wasn't put aside for us. The unused funds were invest in Treasury bonds. So, there is something there, if the money being collected can't pay for the money being paid out.
They can change the law to read anything they want. Of course, the new law would have to be passed by both Houses of Congress, and signed by the president. I can guarantee you that your total net worth would be in the millions, when the new law stops paying you. I can't feel sorry for these people, because they probably benefitted from the tax laws as written to accumulate their wealth.