Social Security and Medicare are trust funds. This means employees and employers pay into the funds while the employee is working and then the money is used to provide benefits when they retire.
The money in the funds is supposed to earn interest.
This should work well, but it does NOT work at all.
All the money has been lent to the federal government. Instead of having money, the funds have loans.
The federal government continues to borrow more and more money each year from anybody stupid enough to lend it to it.
The government is going deeper and deeper into debt each year. Eventually, no one will lend any more money to the government. Everyone will demand the government repay all the loans.
The government will not have any money to repay the loans.
The Social Security and Medicare Trust Funds will have no money. The Funds will have worthless paper.
The federal government debt owed to the trust funds is NOT shown in the national debt and it is NEVER talked about by the politicians.
The president never talks about this. All presidents are corrupt and evil in not speaking up. These incompetent, evil people elected by you have cheated you.
A lot of people counting on social security and medicare are going to get NOTHING!
The facts no one wants to read.
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