If Social Security and Medicare gets privatized, will the elderly go without health care during market crashes?

[¡əʞᴉ]

[newgrange]

or even beforehand.

remember, the GOP let corporations raid their employee pension funds since 2000 or 2001. Next time the GOP seizes Congress, they'll likely not only privatize SS but allow a similar plundering, regardless of the market's ups or downs.

[tiny Valkyrie]

If Social Security and Medicare become privatized, the elderly will be going without health care period.

It will be completely out of their reach financially.

[Chupate esa!]

No we would end up socializing the debt and calling it bailout or rescue.

[Luckywish367]

No, because despite what the liberal scare tactic/socialist propaganda wants you to believe, a traditional system remain in place for those who do not wish to participate in the privatization.

[Boatman1]

Well whatever solution they propose they better do it quickly--

In about 10 more years TWO workers will be supporting ONE retiree. This cannot be supported under the present "legal pyramid" system where current workers pay for those who have retired--- without-- raising the payroll tax, raising the retirement age, or reducing benefits(or some combination of those).

If I were 21 years old I would be standing in front of the Capital building with a large sign that said-- "GIVE ME MY SS MONEY NOW!" This issue will become the next financial crisis.

Our current crop of politicians lack the SPINE to do anything right now.