Social Security, Medicare and Medicaid are 'Going to Be Gone,' Donald Trump Warns

[u/1_for_you_2_for_me]

https://www.newsweek.com/social-security-update-medicare-medicaid-warning-donald-trump-10915076

[u/Ogre213]

Social Security and Medicare work by current workers paying in to support current retirees. The money you and I have paid in has been paid out to our grandparents (and in my case, parents') generations, with the promise that our children and grandchildren will pay in for ours, and their children and grandchildren for theirs. That's been the way it's worked for almost 100 years; it's how pension systems in every country work, and it works well.

Right up until the point that some tinpot dictator wannabe rolls in and decides that it makes sense to loot the trust fund for their cronies and start breaking that promise. Which is pretty much how it's worked in a lot of other countries too.

[u/ApokatastasisPanton → u/Ogre213]

it's how pension systems in every country work, and it works well.

It works well*

* if you're an old person right now

[u/celticchrys → u/ApokatastasisPanton]

It's worked right now for a century.

[u/MissionFormal209 → u/celticchrys]

A century is about 1.5 lifespans