What is going to happen when there is no longer enough money to make full payments to public employee retirees?
- Anonymous2 months agoFavorite Answer
The Treasury Dept will mint a trillion dollar coin and 💥magic💥
- ArcherLv 72 months ago
If one is relying of the government for their retirement they are fools.
- dewcoonsLv 72 months ago
Either they will raise taxes on the middle class (since they are the only people who actually pay any taxes) to cover it, or they will reduce the benefits that the people get, They are already doing this will social security. The people working today will get less money when they reach 65 then people do today. And it is scheduled to reduce in the future, People on SS now are scheduled to have their payments reduce in 2030 unless somehow more money gets into the system.
With the programs already running out of money, the Democrats want to dump more people on to the system (Medicare for everyone.)
- 2 months ago
More taxes on the middle class. That's the problem with conservatism - eventually the middle class runs out of money to pay for tax breaks on the rich.
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- MichaelLv 72 months ago
Everyone will get a kick in the shin in one form or another. Taxes will go up, public services will go down, and millions upon millions of public sector retirees will spend their golden years in poverty.