New Mexico is the state most reliant on federal dollars

[jiminnm]

Originally Posted by DesertRat56

No you don't! It isn't federal money! Look at your pay stub. 7% (may be higher now) goes to Social security against your retirement, another 1.5 % (may have changed by now) goes towards Medicare AND that is only for up to 80% of hospitalization (nothing else, and that 80% is not always how much they pay depending on the facility, location, procedure code and diagnosis). When I worked my job was writing and modifying programs to calculate those payments from medicare.

Sorry, but your social security money was spent the minute the feds received it. In exchange, you have a promise to pay that debt. Should you die before receiving S/S, neither you nor your estate get anything.


As for Medicare, 40-45% of Medicare expenses today are paid through general tax revenues. The Medicare taxes being paid by workers are insufficient to pay current costs.


Every penny that goes to the Feds becomes federal money.

[North Beach Person]

Originally Posted by DesertRat56

No you don't! It isn't federal money! Look at your pay stub. 7% (may be higher now) goes to Social security against your retirement, another 1.5 % (may have changed by now) goes towards Medicare AND that is only for up to 80% of hospitalization (nothing else, and that 80% is not always how much they pay depending on the facility, location, procedure code and diagnosis). When I worked my job was writing and modifying programs to calculate those payments from medicare.

They're still considered governmental transfer payments:
https://budgetcounsel.com/%C2%A7022-...0and%20persons.

I know it's "your" money but that's not what it's considered because it runs through the government.

That's what people include when they talk about the "taker" states.