Trump and GOP eager to kill Medicare and end health care for 22 million seniors/ disabled (millionaires, layoff)

[jbgusa]

Originally Posted by d4g4m

Democrats- 'Republicans will take your S.S. and Medicare'. This line has been used every two years for 30 years.

The tactic is called "Mediscare."

[Mouser]

Originally Posted by Boss

Kudlow answered a question from Becky Quick on CNBC on entitlements.

He said the GOP will fix them.

Just like Rubio did when the GOP controlled all 3 parts of the Government.

So the GOP playbook, cut taxes for the top 1% and then do not pay for anything. Increase spending to force even greater deficits.

Create HUGE deficits and start telling all the followers oh do not worry we are fixing it all.

We have already seen them fix the ACA by trying to kill it.

No matter what the GOP needs to lose control of the House and Senate.

Lets not let facts get in the way





History Lesson on Your Social Security Card

Just in case some of you young whippersnappers (& some older ones) didn't know this.
It's easy to check out, if you don't believe it. Be sure and show it to your family
and friends. They need a little history lesson on what's what and it doesn't matter.

Whether you are Democrat or Republican. Facts are Facts.
Social Security Cards up until the 1980s expressly stated the number and
card were not to be used for identification purposes. Since nearly everyone in the
United States now has a number, it became convenient to use it anyway and the
message, NOT FOR IDENTIFICATION, was removed.

Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:

1.) That participation in the Program would be
Completely voluntary, No longer Voluntary

2.) That the participants would only have to pay
1% of the first $1,400 of their annual
Incomes into the Program, Now 7.65%
on the first $90,000

3.) That the money the participants elected to put
into the Program would be deductible from
their income for tax purposes each year,
No longer tax deductible

4.) That the money the participants put into the
independent 'Trust Fund' rather than into the
general operating fund, and therefore, would
only be used to fund the Social Security
Retirement Program, and no other
Government program, and, Under Johnson the
money was moved to The General Fund and Spent

5.) That the annuity payments to the retirees would never be taxed
as income. Under Clinton & Gore
Up to 85% of your Social Security can be Taxed
Since many of us have paid into FICA for years and are
now receiving a Social Security check every month --
and then finding that we are getting taxed on 85% of
the money we paid to the Federal government to 'put
away' -- you may be interested in the following:

------------ --------- --------- --------- --------- --------- ----

Q: Which Political Party took Social Security from the
independent 'Trust Fund' and put it into the
general fund so that Congress could spend it?

A: It was Lyndon Johnson and the democratically
controlled House and Senate.

------------ --------- --------- --------- --------- --------- --------- --

Q: Which Political Party eliminated the income tax
deduction for Social Security (FICA) withholding?

A: The Democratic Party.

------------ --------- --------- --------- --------- --------- --------- -----

Q: Which Political Party started taxing Social
Security annuities?

A: The Democratic Party, with Al Gore casting the
'tie-breaking' deciding vote as President of the
Senate, while he was Vice President of the US

------------ --------- --------- --------- --------- --------- --------- -

Q: Which Political Party decided to start
giving annuity payments to immigrants?
AND MY FAVORITE:
A: That's right!
Jimmy Carter and the Democratic Party.
Immigrants moved into this country, and at age 65,
began to receive Social Security payments! The
Democratic Party gave these payments to them,
even though they never paid a dime into it!

------------ -- ------------ --------- ----- ------------ --------- ---------

Then, after violating the original contract (FICA),
the Democrats turn around and tell you that the Republicans want
to take your Social Security away!

And the worst part about it is uninformed citizens believe it !

[workingclasshero]

Originally Posted by 2sleepy

You don't think wage stagnation for the past 30 years have contributed to this? It's kind of hard to save for retirement when your salary remains the same but your rent and healthcare costs double.

what makes you think wages have been stagnant




uhm

the median household yearly income 1970......$7600 …………..in todays (inflation )dollars ...$49,076.02

Inflation Calculator | Find US Dollar's Value from 1913-2018


yet:
the median household yearly income 2018......$61,770.... clearly not any type of stagnation as it has surpassed inflation (cost of living or CPI)




even the min wage has kept up with inflation
https://www.dol.gov/whd/minwage/chart.htm
min wage at start (oct 1938).. $0.25........ in todays dollars (2018) $4.48

min wage 1945....................$0.40..........in todays dollars .......... $5.61

min wage 1984...................$3.35.........in todays dollars...........$8.08

min wage 1993...................$4.25.........in todays dollars...........$7.42

min wage 1999...................$5.15.........in todays dollars...........$7.80
http://www.usinflationcalculator.com/

[workingclasshero]

Originally Posted by Boss

They forget what happened in 2008-09. Massive layoffs and job loss due to GOP policies enacted in 1998-99. Large numbers having to hit their 401K's to try and fail to hang on to their homes.

The current people supporting Trump and the rest of the GOP have short memories.

Lyin Ryan and McConnell have already started to destroy health care. They passed a budget in the House (killimg the ACA) and had a party in the Rose Garden with Trump. McConnell put the vote to the floor and failed to pass it thanks to a couple of the GOP.

They get control again and they will finish what they started.

why don't you tell the truth


Massive layoffs and job loss due to liberal policies enacted in 1993/1995

[Mircea]

Originally Posted by Boss

They forget what happened in 2008-09. Massive layoffs and job loss due to GOP policies enacted in 1998-99.

GOP policies were not the cause.

Originally Posted by chopchop0

Wow....let me guess...you believe in the "lockbox"??? And unicorns and santa Claus too I bet.

I never stated, implied or suggested anything about a lock-box, but I guess you had to serve up a Red Herring since you couldn't refute the truth.

Originally Posted by Hoonose

One might say that SS and Medicare were to be totally self-funded. And maybe SS still is, I'm not sure. But Medicare is surely not or no longer. So shortfalls are and will continue to be met through the general fund.

The General Fund is used to convert the special treasury securities to cash.

Federal law requires Medicare since its inception, and Social Security since the 1939 Amendments, to transfer surplus tax revenues to the General Fund in exchange for special treasury securities.

When the OASI and DI Trust Funds and the HI (Medicare) Trust Funds require redemption of those securities to make expenditures, the government finances those expenditures out of accumulated cash balances, by raising taxes or other receipts, by borrowing from the public or repaying less debt, or by curtailing other expenditures. This is the same way that the government finances all other expenditures.

The government has known for more than 10 years, roughly 15 years in the case of the HI Trust Fund, that it would have to finance the conversion of the special treasury securities.

If Congress is ill-prepared to deal with the situation, then only Congress is to blame, because this just didn't happen yesterday.

Congress has been converting the special treasury securities from the OASI and OADI Trust Funds 8 to 10 months out of every year for the last 8 years. The OADI Trust Fund is back on track, but the OASI Trust Fund isn't.

Over the next 4 years, Congress will have to convert the special securities every single month, instead of just 8-10 months in a year, as the number of retirees continues to grow.

By 2025, you'll be paying out $129 Billion every month. Even if you eliminated the Social Security wage cap, you'd only get $126 Billion per year. That won't even pay for a single month.

Congress needs to increase the FICA tax rate.

If you want, you can work to change the laws to have the surplus FICA and HI Payroll Taxes placed in a bank account at one of the Federal Reserve banks, instead of being converted to special treasury securities.

If you did that, Congress couldn't spend the surplus, and it wouldn't have to convert securities out of the General Fund.

Note that if Congress was never able to spend the surplus generated, your federal debt would be even higher than it is now, and your cost to service that debt would be higher, too.

Congress has always had a difficult time controlling its spending.

So, no matter what happens, all roads lead to the same dead end brick wall.

Whether you go further into debt converting the special treasury securities, or whether you went into to debt deficit spending without the FICA and HI revenues, you're surely going to be in debt.

[lovemyfl]

There's going to be even more money poured into SS and medicare because of all these jobs that have been created because of Trump! Doesn't anybody get it? LOL. It doesn't take a rocket scientist!

[greywar]

Originally Posted by Mircea

Congress needs to increase the FICA tax rate.

In the end this is what it boils down too. I might add that we can limit that increase by doing it earlier rather then later, and also by removing the cap on social security, and applying it to all income instead of just earned income.

[Nanny Goat]

They'll be cutting SS, Medicare and Medicaid if they get there way. Yes.

[Hyperthetic]

Originally Posted by Nanny Goat

They'll be cutting SS, Medicare and Medicaid if they get there way. Yes.

Hey, don't look at me.

I just slammed a wham - a Grand Slam.

[evilnewbie]

Originally Posted by Nanny Goat

They'll be cutting SS, Medicare and Medicaid if they get there way. Yes.

By cutting, you mean eliminating those who scam the process... Considering it is exceptionally easy to scam.