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Originally Posted by lynchjm24
A single payer system would be the biggest disaster in American legislative history. Medicare and Social Security already are going to bankrupt the Feds, why speed it up with a single payer system.
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That's bull. Social Security isn't bankrupting the Fed. The system actually works really well and people have been getting checks on time for decades. The issue is with an older population and that in 30+ years, we'll have issues with funding. That doesn't mean bankrupt, it just means they'll only be able to pay out 3/4ths of what you should get.
It also leaves about 30 years for us to change the system. Whether it's raising the amount that FICA caps out at or adding it on to those who make over $500k. Or perhaps giving more tax breaks for those to build up their 401K or IRA. The system isn't bankrupt and isn't going to be anytime in the near future. It needs some work and may ultimately turn into a supplementary income instead of someone's primary retirement income.