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Hope you are not dependent on Social Security or need Medicare   The Newsy You: News of Today

Started Aug-8 by MerlinsDad; 1166 views.
Showtalk
Staff

From: Showtalk

Aug-9

They just print more. Problem solved.  

In reply toRe: msg 1
MerlinsDad

From: MerlinsDad

Aug-9

There's a politifact discussion which rates false the statement that by Ron Wyden that ""#TrumpTax was only the beginning. After giving massive tax giveaways to wealthy & powerful shareholders, Republicans in Congress are plotting to take away Medicare, Medicaid and Social Security." 

However reform is not the same as taking away, and that critical point is discussed in detail later in the  article.  That distinction is critically important given what Trump is trying to do to Social Security with his suspension of payroll taxes for the rest of 2020.

opinion piece by Politifact, March 28, 2018

https://www.politifact.com/factchecks/2018/apr/05/ron-wyden/do-republicans-congress-want-take-away-social-secu/

Bolding mine

The argument that Medicare or Social Security could be eliminated is even weaker. Even if cuts to these programs are proposed — usually through limiting inflation-adjustment formulas, raising taxes on benefits, or raising the retirement age — we’ve seen no plan that scraps the programs.

Wyden’s staff tacitly confirmed that cuts are the GOP’s goal.

They pointed us to President Donald Trump’s 2019 budget proposal, which calls for $15.3 billion in Medicare cuts and $6.5 billion in Medicaid cuts in just the first year.

Wyden’s office added that Republicans have made no secret about their desire to "voucherize" Medicare (by giving beneficiaries a limited amount to purchase private insurance) and to raise the eligibility age for Social Security

Politifact specially rates false the assertion that the Republicans plan to take away Social Security, not the reality that they plan to reduce its effectiveness in providing needed income for the retired.  If Trump does indeed succeed in making the cut permanent, then Social Security will be broke much faster than the current projections. 

MerlinsDad

From: MerlinsDad

Aug-9

That states Trump's position well.

MerlinsDad

From: MerlinsDad

Aug-9

So does the tax revenue generated from the jobs created from the spending of those trillions

In reply toRe: msg 13
Showtalk
Staff

From: Showtalk

Aug-9

So much misinformation it should scare everyone. Entitlement programs for the elderly are going broke. They are trying to save them, not destroy them. One way to ease the strain on social security is to raise the age of recipients in the future, since people are living longer and it was never intended to fully support the volume of people it is currently supporting for 20-30 years.  It will be planned far enough in advance that those who will be affected can have time to make arrangements.  Another problem that was unanticipated is that  people are working past the ages where they would receive social security and as such don’t need it due to having other income.  If nothing changes, the program will go broke. Something has to give.  Congress members who are upset have screwed themselves over in this case and are deflecting.

  • Edited August 9, 2020 10:55 pm  by  Showtalk
Showtalk
Staff

From: Showtalk

Aug-9

Thank you that is helpful. You realize I was being facetious.

  • Edited August 9, 2020 10:56 pm  by  Showtalk
BWArtist

From: BWArtist

Aug-9

You must have not received the memo ...

Showtalk
Staff

From: Showtalk

Aug-10

That article is over a year old.  I looked up to see what has been said about him when he said that and found he was talking about people like Mitch McConnell and others who have never been afraid to spend lots of money.  The actual quotes were taken out of context,  McConnell also has huge ties to China through his wife.  Can you find anything more recent?

Showtalk
Staff

From: Showtalk

Aug-10

Obama Pushes for Payroll Tax Cut Extension

Campaigning Tuesday in New Hampshire, President Obama said that GOP lawmakers can make good on their anti-tax pledges by voting for his payroll tax cut exten...

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