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idek rt
No one should worry about this. The Federal government is not about to let either of these programs end.
From the data that I have seen, the cost of entitlements (i.e. Social Security, Medicare, Medicade) make up about 50% of the annual budget of $3 Trillion
Well there is Medicare, social security, daycare for kids and so on. Hope I answered your question
Social Security has been called a federal benefit payment since it was created in the 1930s. The term "federal benefits" applies to a large number of programs, including Social Security, Social Security Disability Insurance, Medicare, and others.
Federal Income taxes are used to pay for every type of payment that the Federal Government makes. This includes Military, Homeland Security, Federal employees, Social Security, Medicare, Federal Parks, College and School Costs, Food Stamps, all Federal Welfare Programs, all Federal Departments, and everything else paid by the Federal Government including foreign aid. All these expenses and others are paid from income taxes and other taxes and fees.
Social Security also known as FICA is taxed at 6.2% of income. Medicare is taxed at 1.45%.
The four main spending categories that the federal government spends money on are Medicare, Medicaid, Social Security, and national defense.
These programs meet national needs - it's simply not practicable to have 50 different versions of the US Marine Corps, or Social Security for that matter!BTW, altho the Feds provide most of the funding, the States administer Medicaid.
Bob Saget
Medicare and Social Security are the payroll deductions withheld under FICA. These federal benefit programs are a part of the Federal Insurance Contributions Act.
Medicare and Social Security are the payroll deductions withheld under FICA. These federal benefit programs are a part of the Federal Insurance Contributions Act.