Correct me if I'm wrong but if Presient Obama would have handled America's economy and biggest benefits in more of a conservative fashion, the Social Security and Medicare benefits wouldn't of had the opportunity to worsen. I say this because the recession caused by the democrats and liberals in power obviously causes inflation. Now both Social Security and Medicare are paying out more than they recieve.
Appearently Social Security will start paying out more in benefits than it recieves in taxes in 2016, meaning that the huge trust fund will be depleted by 2037.
Medicare is not doin so great either, the program for hospitals will pay out more in benefits than it collects this year causing it to be bankrupt by 2017.
Being a Conservative, I have ways to go about fixing the economy that could of potentially stopped this crisis from ever happening. Very high on my "To do list," would be to abolish the income tax which would allow Americans to keep their full pay check and use it on whatever they wish. This would allow people to control their money and stimulate the economy by purchasing things from businesses big or small.
When President Obama says, "Things will get worse before they get better," he means it. Although he probably won't be the one to make things better.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment