David in SW Blount
Member
It's hard to lower debt, as Mr. Trump has promised, when you don't reform/reduce/eliminate entitlements (when they account for nearly half, if not more of the federal budget).
Social Security and Medicare are pretty much untouchable. Over 6% of your gross income is deducted for SS and 1.45% is deducted for Medicare. So, yeah, people expect those benefits when they retire.
I often wonder if I had been able to privately invest the almost 14% of my gross income that goes to SS and the state teacher's retirement system, what my 401K (403B) might look like right now after many years of working in the Alabama education system!