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View Diary: Rep. Lamar Smith: Cut Social Security or da science program gets it (88 comments)

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    Bluefin, debocracy

    Any one know this more-or-less off the top of your head?

    Whenever these guys wring their hands over how SS and Medicare are the (almost) biggest expenses in our budget, they neglect to mention that these programs also supply a big piece of the revenues govt takes in.

    People paid into those programs on the promise of benefits in retirement.

    Am I correct, wrt SS, those payments were far in excess of payouts during boomers boom times, and not until 2030 something do payouts exceed new revenues plus SS trust fund?

    Any one know how that math works out for Medicare?

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