How is the failure of the SUPER COMMITTEE going to affect seniors? (community, social security)

[AZgarden]

So, now that they failed totally to reduce the deficit, what do you think will happen to us retirees when the so called "cuts" have to take place?
I am concerned about social service programs, especially things that affect elderly people, like my mom who is 101. And Medicare. What will they cut and how will we cope? I have a Medicare advantage plan and I like it. If it goes away, not sure what I will do.

[AcaciaRose]

I think the outcome of the Super Committee could have been a lot worse. The automatic cuts don't take place until 2013, so don't worry too much yet. Lots of things can change before then.

[Bob's Burgers]

Do not put your faith in any government or organization. Your faith should be in your Creator. Happy Thanksgiving.

[StealthRabbit]

Originally Posted by AcaciaRose

I think the outcome of the Super Committee could have been a lot worse. The automatic cuts don't take place until 2013, so don't worry too much yet. Lots of things can change before then.

LOTS of things BETTER change (sooner the better). Most significant result is going to be much more unemployment (especially in public sector) = less services, prolonged recovery, competitive job market (for retirees needing income and healthcare), it's disaster for equity investments that have growth potential factored in. It is a time bomb for US monetary policy. (as we continue creating excess USD's). The longer the downcycle, the much more difficult and troublesome the recovery process. (Especially to avoid hyperinflation). I think 'the maestro' Mr. Greenjeans, has made his mark on history.

Maybe there will be a change to the political system. (since that is what they claim caused the failure (bipartisanship).

I'm all for going back to NON-PAID politicians, and using PROVEN successful business people volunteer (i.e. one term) to SERVE their community.

I also want to get rid of any advertising for incumbents. They have a public record of success . Promoting them as a 'popular' vote is doing a disservice to the uneducated voter (of which is the majority).

Thus our recent election restored a whole team (yet again), majority of our local fire and port commissioners that have been preserving inept management and poor business practices for over 30 yrs in the same role...

[Tek_Freek]

Unless you are in a position to pay your own way you are screwed. If you expect the Republicans to win in 2012 and make changes for the better, you're stupid. Good luck, you are going to need it.

[Ellwood]

Originally Posted by Tek_Freek

Unless you are in a position to pay your own way you are screwed. If you expect the Republicans to win in 2012 and make changes for the better, you're stupid. Good luck, you are going to need it.

If we vote GOP in 2012 and are stupid, what level of intelligence are all those that voted for OBAMA expecting positive change and now are without jobs?

[GreenGene]

Originally Posted by PhxBarb

So, now that they failed totally to reduce the deficit, what do you think will happen to us retirees when the so called "cuts" have to take place?
I am concerned about social service programs, especially things that affect elderly people, like my mom who is 101. And Medicare. What will they cut and how will we cope? I have a Medicare advantage plan and I like it. If it goes away, not sure what I will do.

Here's a summary of the automatic spending cuts: A glance at automatic spending cuts resulting from supercommittee inaction

According to the article, no cuts to Social Security are included in the automatic cuts, but "... about $10.8 billion in Medicare payments to providers and insurance plans ..." are included.

[Tek_Freek]

Originally Posted by Ellwood

If we vote GOP in 2012 and are stupid, what level of intelligence are all those that voted for OBAMA expecting positive change and now are without jobs?

Really? If you don't understand the dynamics of why things are so screwed up and how long it took to get here, as well as how long it should realistically take us to dig our way back out, you should pick up a book on recent political history, and another on economics.

Edit: I did not expect Obama to fix this mess in 4 years. If the Republicans had won I would not have expected them to do so. Too many people have their heads in a dark, smelly place and have no clue what it will take to fix the mess left behind by Bush.

[Ellwood]

Originally Posted by Tek_Freek

Really? If you don't understand the dynamics of why things are so screwed up and how long it took to get here, as well as how long it should realistically take us to dig our way back out, you should pick up a book on recent political history, and another on economics.

Edit: I did not expect Obama to fix this mess in 4 years. If the Republicans had won I would not have expected them to do so. Too many people have their heads in a dark, smelly place and have no clue what it will take to fix the mess left behind by Bush.

I no longer take an interest in politics, who did what, whose doing what, I have determined nothing I do will change what the current administration, Dem or Gop are doing.

I may have my head up my butt, but I refuse to stress about what the morons in DC are doing and who is responsible. I live a good life, and should that change, I'll deal with it. Reading about recent political history and economics are not on my bucket list, rather where we will travel this winter is my priority.

BTW, I still won't vote for Obama because he isn't a leader.

[tngirl205]

You took the words right out of my mouth Ellwood!!