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I think they should do some serious streamlining of SS to make sure money is not wasted and that we have enough money in it to support future generations. I don't see that happening though.
If you eliminate Social Security, and Medicare then America essentially becomes a third world country. We may be on that trajectory anyway with a inadequate educational system, a growing gap between the rich and poor, poor wage and economic growth and ineffective government.
Personally,I believe in sensible partial privatisation,
offering choice to the taxpayers,
from zero-risk / (practically) no yield programs
to low-risk/low (potential) yield programs.
The basic program,zero-risk/ no yield,would be secured only on government securities.
Zero risk but barely matching real inflation...
Other programs could go up to 70:30,gov securities/private sector securities...
Social Security and Medicare are the backbone of a capitalist society. We would have very, very low consumer spending if there were no Social Security and Medicare. Without consumer spending the economy would shrink into insignificance.
China is a nominally Communist county with no social safety net. What are they doing right now? Trying to craft a social security and healthcare system so that they can become fully capitalist economy, like Japan.
Social Security and Medicare are the backbone of a capitalist society. We would have very, very low consumer spending if there were no Social Security and Medicare. Without consumer spending the economy would shrink into insignificance.
China is a nominally Communist county with no social safety net. What are they doing right now? Trying to craft a social security and healthcare system so that they can become fully capitalist economy, like Japan.
Exactly it's amazing how many people in this country want to take it BACKWARD. Just about every major industrial economy in the World has some sort of social security system and provides some sort of medical benefits to the elderly.
If you eliminate social security and medicare then forget about calling America one of the best countries in the world. It simply won't be anymore.
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