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Medicare does operate at a huge "loss" but most people don't know it especially the Tea Party types that are on Medicare. The 2.9% payroll tax and the tax on SS only covers part A. The taxpayers are on the hook for everything else which is about 300 billion dollars which comes out of general revenues. Apparently according to Tea Party logic though Medicare is ok but ACA is bad, bad, bad. I forgot who is paying the freight for those Tea Partiers..those who would be covered by ACA in part.
We do know it, the government was in charge of it...where'd the money go? What money?
I guess i buy that..... But then you are dating yourself
I think you may be in error on the gold, unless you are a lot older than I think. It is possible but then I am not sure i ever knew of anyone that old on line. At least you know what I am talking about and you came from a different America like i did. I do appreciate being backed up. It's almost like trying to explain what a party line was, or no tv at all. These youngers have no idea what real money was.
Every so often I ask what a dollar is worth and so far no one has even tried to say..... Do you recall a gallon of gasoline at 25 cents?
If we had real money, today a gallon of gas would be about 20 cents! All this says is the dollar is subsidized and is almost worthless. The last time I ran the math these notes of today were worth around 2 cents silver.
Yes I am old and it beats the alternative. I remember gas at $0.50 a gallon and people RAGING about gas prices. I'm sure I saw gas at $0.25 a gallon but I didn't pay attention to the price of gas until I started driving.
One of my math teachers in high school asked the class if we'd take this deal: You agree to start paying $1.00/gallon for gasoline starting today at the local service station (gas was fifty cents a gallon) and they agree to never raise the price. We were like NO WAY we're paying THAT MUCH for gas. I think about that now and again when pumping gas and think what a deal it would have been. We did not get inflation back then.
Medicare does operate at a huge "loss" but most people don't know it especially the Tea Party types that are on Medicare. The 2.9% payroll tax and the tax on SS only covers part A. The taxpayers are on the hook for everything else which is about 300 billion dollars which comes out of general revenues. Apparently according to Tea Party logic though Medicare is ok but ACA is bad, bad, bad. I forgot who is paying the freight for those Tea Partiers..those who would be covered by ACA in part.
2.9% of my income over the 50 years I will have worked by the time I retire, invested conservatively, would pay for over 10 years of my medical benefits in retirement if I were in a group plan. People see this differently because they are funding the program with their own money. If the government mismanages that, that is a problem. What I pay in should be invested to pay for my benefits when I retire. What you pay in invested to pay for your benefits in retirement. The problem is the government takes todays contributions and uses them to pay for current retirees. However, people who have paid into the system for 50 years still think they ware owed what they were promised. And yes this is different than ACA.
Back when I was a kid, my parents carried major medical that covered us if we ended up in the hospital but everything else was paid for out of pocket. Adjusted for inflation, I'm willing to bet that the total cost of medical was much cheaper.
Bingo.
Most O voters are too young to recall this. Healthcare was affordable.
That Congress decided that your auto insurance should now buy your tires, wipers, oil changes, tune-ups, and car washes for you.
What do you suppose would happen to the price of insurance?
What do you suppose would happen to the price of tires? Car washes, oil changes, and wiper blades?
Don't forget the part where people who don't own cars would be required by law to pay into the insurance pool.
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