The Medicare Debate

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social security funds are not being depleted. Gore said that, "the allegations to the contrary have been circulated by certain organizations as a money-making scheme for some time." (Gore Letter). Vice President Gore tries to show theses allegations are untrue by explaining how social security works. In this letter, Vice President Gore cleared up the allegations by writing that, "When Social Security taxes are collected, they are credited to the Social Security trust funds with government security, perhaps the safest investment in the United States.
In history Medicare has experience a few problem regarding it's funding. Problems have occurred over the history of Medicare. The major problem and most recent of Medicare is that it is going bankrupt. Medicare is another legacy of Lyndon Baines Johnson Great Society. Spending is obviously out of control. On June 5th the government announced that the Medicare Trust Fund would go broke by the year 2001(nationaldebt). In 1965 when LBJ ...

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a deposit. It takes that money and uses it for loans and investments in order to provide a positive return to share holders and interest-bearing accounts. The deposit is credited to an account, and as long as the account has a positive balance, the bank is obligated to honor debits to it. In the same way, the trust funds' balances represent and have swerved as financial claims against the government-claims on which the Department of the Treasury has never defaulted...." (Gore Letter). This letter written by Al Gore shows the government side of the issue on Social Security. The government does make it's point in describing that Social Security is not endanger of losing money or even going ...

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