FY19 defense budget:
- Military $688.6B (~72%)
- Veterans $199.6B (~21%)
- Foreign military aid $15.5B (~2%)
- Foreign economic aid $47.8B (~5%)
I certainly think some reductions could be made in #3 and #4, though I would not assume they can drop to zero. I doubt much can be done to reduce #2. So you are really talking mainly about #1.
I don't agree at all with your bolded assertion. Aside from the ramifications on America's interests around the world, military spending supports millions of jobs. Not just active duty and reserve service members, but jobs and businesses associated with supporting more than 4000 military installations within the US, and defense contractor jobs and businesses that perform R&D and manufacturing of military equipment. It is also appropriate to look at the breakdown of military spending.
I'm not sure if you are saying all military jobs (or 25-50% of military jobs) don't provide a meaningful product or service. If so, I could not disagree more.
Life expectancy at age 65 is more relevant to this point than overall life expectancy.
Life expectancy at age 65 has only increased by 2.6 years for men and 4.9 years for women since 1940, the year SS benefits went into effect. The normal retirement age has been raised from 65 to 67 for everyone born in 1960 or later, so the deltas aren't very large there.
However, it is certainly true that a greater portion of the population (about 20% more) live to age 65 nowadays, so there are a lot more people who get to collect.
I don't disagree with raising the SS age thresholds, but I think 10 years is too much. I would be interested to see a study on the effect of raising the full retirement age to 70 and the delayed retirement age to 75.
Medicare for All would add at least $2.5T to the Federal budget. Federal cigarette tax revenue was about $18B last year... about 0.7% of the M4A annual cost. "Sin taxes" aren't going to get it done.
Of course. I don't expect anyone on this message board to have a detailed plan. But I do expect any politician who is going to propose sweeping healthcare change to have one. Bernie Sanders supposedly has a plan to pay for his M4A plan, but the plan on his web site doesn't even cover half of the expected cost. Nor does it address the majority of the issues I mentioned in my earlier post.