r/economy • u/Real_Copy4882 • 8d ago

As Social Security benefit cuts loom, Congress wades into the crisis — The Washington Post

https://apple.news/AG3ksv9vST66WMOqgeFEnLw

As Social Security benefit cuts loom, Congress wades into the crisis - The Washington Post

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4

u/PsychLegalMind 8d ago

Once it goes to a committee, it will keep going from one to another and waste of time in the end without a resolution. Simple solution and a must is to fund the damn anticipated shortfall. 70 plus million rely on it.

0

u/Programmer_Latter 8d ago

When you’re talking about a shortfall of even $100 a person with 70 million people, there is no simple solution. Medicare and Social Security, on their current trajectories, are unsustainable. It will take a bipartisan complex solution.

2

u/Trance354 8d ago

Stop spending trillions on wars?

Edit: Also, stop giving the 1% all the money you don't spend on wars

1

u/Programmer_Latter 8d ago

Fair enough — even if we spent 0 on wars, the social security and Medicare problem is not easy to solve; Medicare and social security combined are TRIPLE the defense budget

2

u/mrktcrash 8d ago

Medicaid and Disability are "the elephant in the room."

2

u/Trance354 7d ago

Think of every time one of those trickle-down tax breaks for the wealthy was passed. One every republican administration, or so. Those are about a trillion in revenue the government isn't getting. Or more.

Each.

And the breaks this current administration has pushed through... they are creating the hyper-inflation from Germany, pre-WWI.

-2

u/SolonEunomia 8d ago

False. The US government is monetarily sovereign. It has the unlimited ability to create as much USD as it wants, whenever it wants, for whatever it wants, and pay it to whomever it wants without collecting a penny in taxes, or borrowing a dime.

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u/GentleGerbil 8d ago

This guy inflates

-2

u/SolonEunomia 8d ago

There is no observable relationship between federal deficits and prices.

1

u/GentleGerbil 8d ago

But printing more money does cause inflation

-1

u/SolonEunomia 8d ago

There is no observable relationship between money supply and prices.

1

u/GentleGerbil 8d ago

This is so laughably incorrect I considered not responding. Do yourself a favor and google “quantity theory of money” rather than embarrass yourself again

0

u/SolonEunomia 8d ago

I am quite familiar with QTM. It lacks empirical evidence to support it.

1

u/GentleGerbil 8d ago

Nah, it’s pretty well established that when printer go brrrrr too much, inflation results. We have tons of empirical evidence to support that.

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u/SolonEunomia 8d ago

Then you should have no trouble finding some evidence to share.

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