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Social Security, Medicare are "going to be gone," Donald Trump warns (www.newsweek.com)
submitted 1 year ago by to c/politics@lemmy.world
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Donald Trump warned Tuesday that if the Democrats don't approve funding, there are dangers to the future of Social Security and Medicare.

Trump said at a press conference that when he asked Democrats for feedback on the funding bills, one said, "It means death."

"There's nothing about death," Trump said. "Theirs is death because they're going to lose Medicaid, they're going to lose Social Security, they're going to lose Medicare, all of those things are going to be gone because the whole country would be bankrupt, and you're not going to have any kind of medical insurance."

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[+] -6 points 1 year ago* (last edited 1 year ago) (1 child)

Every dollar you pay into SS just goes into the pocket of someone drawing SS.

Gee, that sounds like a Ponzi scheme. Which I guess works fine as long as the population keeps growing and is forced to pay in.

Edit: not sure why I’m getting downvoted. I wasn’t saying it IS a Ponzi scheme. Just that it sounds like one. We often talk about social security as something we pay into to then get back later, but that’s not what it is. And the government has been spending the social security money like other revenue for a few decades. It’s just another tax now, like any other. And because population growth is slowing, I probably won’t get to benefit from it.

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