On Sun, 6 Aug 2017 16:16:09 -0500, Boating All Out
wrote:

In article , says...

On Sat, 5 Aug 2017 20:08:29 -0500, Boating All Out
wrote:


They say that current SS contributions will pay for 70% of payments.
They can always reduce SS maximum payments. Or across the board cuts.
Not a problem.

Now you are feeding into Harry's post about all of those poor people
having to eat cat food or something because all they have is SS and
you want to cut the benefits.

Eggs must be broken to make an omelet. You can make the numbers work with any of numerous
combinations of cuts. I expect the cuts would be heaviest on the top, because those
people are more likely to also have pensions, as is my case. Less people squawking too.
Now I don't think that will happen, but it accounts for your worst case scenario.

Yeah, the "eggs" are the payments to the post boomer generations.

A also disagree that it covers 70% of current payments unless they are
assuming they still have the trust fund, interest on the investment
etc and we know it is just debt. Certainly full faith and credit of
the government but debt nonetheless.
I assume we pay the SS people before the Chinese but maybe not.


Actually, the payout would be more like 75-77% of current payout. This has 75%.
http://wallstreetpit.com/112602-soci...oney-runs-dry/


That assumes there is actually a trust fund and that the government
can come up with the money to buy back those bonds.
Any calculation that is not expense to revenue (from FICA) is a
fantasy.

MC will be taken care of by single payer.
No problem.
Medicare is already (government) single payer, that has been broke for
almost a decade and that is only paying part of the actual cost. (Part
A). We pay extra for parts, B, C and D
If you want to compare the efficiency of the government compared to
private insurers, look at the Advantage plans. For what the government
allocates for Part A and what we kick in for part B, I can get parts
A, B, C & D for no additional money.


Single payer should absorb Medicare. No more Medicare.

Medicare IS single payer. What changes?


I mean national single payer insurance. Medicare for old folks will cease to exist.
Everybody will have the same health care plan available to them.
Your worst nightmare, excepting maybe having your gun rights "infringed."

certainly trying to expand a failing system to the whole country is
scary. What do you figure the taxes will have to be to pay for that?
3% of every wage dollar in the US can't pay for part A of the care for
16% of the population. What happens when that becomes part A, B, C and
D for 100% of the population?
Would you really support a 15-20% "first dollar" tax on every wage
dollar in the US? That is the kind of numbers we are talking about.

Advantage is a poor man's substitute for supplementals.
Look at your deductibles. It stops working when you have some major health events.

My out of pocket is maxed out at $6500 a year. Right now my
deductibles and co pays don't even eat all of my HRA. I gave them back
close to a grand last year.
I don't really plan to be sick very long anyway. I will punch out. I
have seen dying of miserable diseases more than I like to think about
and I don't plan on doing it.


I can imagine many health issues that will max your deductible for many years without
you coming to the point of offing yourself. But it's your choice.


$6000 a year is not that big a deal. I would be checking out because I
don't want to be that sick.