Message from @Techpriest

Discord ID: 572307842367750145


2019-04-29 06:21:50 UTC  

But that gap in unfunded liability and funded liability is growing and growing.

2019-04-29 06:22:01 UTC  

for comparison, the 2004 article listed the gap was only 20%

2019-04-29 06:22:15 UTC  

Now our gap is currently at 37%

2019-04-29 06:22:28 UTC  

The gap is essentially "what if everybody wanted to cash in their checks right now" and the gap represents how much money the US needs to owe to pay it off to everybody

2019-04-29 06:22:58 UTC  

and it's not just social security

2019-04-29 06:23:01 UTC  

it's medicare as well

2019-04-29 06:23:09 UTC  

medical services are costing more and more

2019-04-29 06:23:29 UTC  

People contribute to medicare and don't get anything until they are old enough (65) to qualify

2019-04-29 06:23:45 UTC  

Then it turns out that you were paying $3/month to medicare because you were making shit income for 40 years

2019-04-29 06:24:09 UTC  

and 3 * 12 * 40 = $1440 over your working span

2019-04-29 06:25:28 UTC  

and using our compound interest formula and inflation calculator (assuming 2%)

2019-04-29 06:25:55 UTC  

That comes out your medicare reward should be about $34560

2019-04-29 06:26:00 UTC  

oh wait

2019-04-29 06:26:03 UTC  

that's what you should be getting

2019-04-29 06:26:10 UTC  

but your current medical bill is actually MORE THAN THAT

2019-04-29 06:26:19 UTC  

and since medicare promises to cover you as a senior

2019-04-29 06:26:25 UTC  

well fuck it you'er gonna get more than what you should have been getting

2019-04-29 06:26:33 UTC  

and then we start the unfunded liability crisis

2019-04-29 06:26:47 UTC  

having to borrow money from our budget to pay for your healthcare

2019-04-29 06:26:55 UTC  

it's not lik the government are incompetent

2019-04-29 06:27:02 UTC  

they just don't have 200 IQ to estimate this in their head

2019-04-29 06:27:42 UTC  

That’s what computers are for

2019-04-29 06:27:54 UTC  

it's not like the computers do it automatically

2019-04-29 06:27:56 UTC  

humans have to enter it in

2019-04-29 06:28:11 UTC  

Yes and they know to so...

2019-04-29 06:28:14 UTC  

tl;dr: we're not fucked yet 😉 @Deleted User

2019-04-29 06:28:33 UTC  

But when the times come that a majority of our population are seniors

2019-04-29 06:28:35 UTC  

we'll be japan

2019-04-29 06:28:38 UTC  

and fucked in the ass

2019-04-29 06:28:51 UTC  

If that time comes, we might replicate how Japan tries to solve their aging crisis right now in 2019

2019-04-29 06:29:50 UTC  

Ah and half the country will know what its like to be disabled

2019-04-29 06:30:14 UTC  

not at all

2019-04-29 06:30:22 UTC  

People at 65 if you lived a healthy life

2019-04-29 06:30:24 UTC  

aren't disabled yet

2019-04-29 06:31:02 UTC  

Japan is having a problem with the aging crisis is due to a low fertility rate

2019-04-29 06:31:02 UTC  

True... but getting old normally has long periods of disability

2019-04-29 06:31:05 UTC  

and longer life expectancy

2019-04-29 06:31:20 UTC  

People aren't making enough kids or importing enough people to pay for their social programs

2019-04-29 06:31:32 UTC  

And since your seniors are getting older and older, their health will require more care and $$$

2019-04-29 06:31:42 UTC  

And since you said they were entitled to them

2019-04-29 06:31:48 UTC  

you cant back out of it without committing political suicide