posted by jmogHe was laughed out by the left, but the math works, its literally 6 years of 1% reductions in spending and normal 2.38% increase in revenue to get back to budget surpluses even at $5.7T spending and $4.7T revenue.
I ignored the 1% reduction - in any event, that's only another 2-3 years.
Zero doubt they will inflate their way out of the SS and Medicare problem. But they also need to increase FICA, especially given the larger retiree base relative to the workforce.
And that's going to be hugely unpopular. Just imagine the outrage over a 50% increase in FICA, which would put us on par with most of Europe. But don't forget about the employer portion - that's roughly 3.32% less take-home pay in your check, PLUS another 3.32% in lower overall pay (your employer will pass the tax on to you).