Recent editorial comment from the Albuquerque Journal.
We must look to changes that will meet future needs
THE JOURNAL published an opinion column by R. J. Samuelson,” Our heavy investment in the past is shortchanging our future,” on June 14. His point seems to be that Medicare and Social Security payments are going to come close to bankrupting this nation and must be reduced both in dollars and coverage, particularly aimed at the over-65 population and the disabled.
Samuelson in his concern for the percentage of federal spending for Social Security and Medicare fails to take into account that every wage earner since the early 1930 s has contributed to these funds. Both of these programs are self-funding through payroll taxes and do not, and have not, impacted the deficit. Samuelson states “. taxes will have to go up, but some spending will have to go down, and this is virtually impossible.” without cutting Social Security and Medicare.
It is possible by raising the cap on Social Security – fully funded to 2034 – and significantly reducing out-of-pocket costs for health care and health care costs in general by adopting Medicare for All legislation, e. g., HR 676.