Saving Social Security
Payroll deduction amounted to $1,710,000,000,000. In 2024 expenditure equaled $1,520,000,000,000. The brutal truth is that the Social Security and Disabled Trust funds of $2,850,000,000,000 which is supposed to keep the Social Security program solvent until the year 2033, has no money in it whatsoever. In 1965 Lyndon Johnson dilemma of an unpopular war and significant war time expenditures, cooked the books combining the general budget to Social Security Trust fund so the deficit would not look so bad. Myth: President Lyndon Johnson did not steal any money from the SSA trust fund. The SSA Trust fund issued government bonds for the money taken to the general fund. These bonds can only be purchased by the federal government. These government bonds (IOUs) are stored in a file cabinet in Parkersburg, West Virginia.
The SSA benefits increased 2.5 % in 2025. The cost of Medicare insurance is taken out of SSA Payments increased 10.3 % in 2025. to $185.00 per month.
Ponzi Scheme
A Ponzi scheme is a company that promises a great return on investment. The scheme uses new investors money to pay existing customers. This scheme was used by Bernie Madoff. He was sentenced to 150 years in prison.
Medicare
The annual deductible for part B services will increase to $257.00, a %17.99 increase. Medicare is a federal health insurance program primarily serving adults aged 65 and older.it is funded through a variety of sources including payroll taxes, premiums and general revenues. The Hospital Insurance (HI) Trust Fund supports Part A Primarily through payroll taxes (1.45% for employees and 1.45% for employers and 2.9 % for self employe, while the Supplementary Medical Insurance (SMI) trust fund supports Part B and Part D through premiums, general revenues and investment income. Medicare is also funded by a portion of the taxes on social security. Expenditure for Medicare was $912,999,000,000 in 2924.
Medicaid is a joint federal and state program for people with limited income and resources. The federal government has rules for Medicaid for the states to follow but the states run the program. Medicaid spent $914,000,000,000 in 2024 with $326,000,000,000 being the state’s portion.
