Here We Go Again! The GOP's War on Medicare and Social Security
WASHINGTON (AP) —
Conservative House Republicans on Tuesday set up what appears to be a
potential re-run of last year's turbulent domestic policy fight with President Barack Obama, putting forward an election-year budget manifesto that would blend steep social program cuts with reduced tax rates.
The GOP plan released by House Budget Committee Chairman Paul Ryan would, if enacted into law, wrestle the deficit to a manageable size in short order, but only by cutting Medicaid, food stamps, Pell Grants and a host of other programs that Obama has promised to protect.
To deal with the influx of retiring Baby Boomers, the GOP budget reprises a controversial approach to overhauling Medicare
that would switch the program — for those under 55 today — from a
traditional "fee for service" framework in which the government pays
doctor and hospital bills to a voucherlike "premium support" approach in
which the government subsidizes purchases of health insurance.
Republicans
say the new approach forces competition upon a wasteful health care
system, lowering cost increases and giving senior more options. But
Democratic opponents of the idea say the new system — designed by Ryan
and liberal Sen. Ron Wyden of Oregon — cuts costs too steeply and would
provide the elderly with a steadily shrinking menu of options and higher
out-of-pocket costs. Starting in 10 years, the plan also calls for
gradually raising the Medicare retirement age from 65 to 67.
Both my parents are retired. (68 and 70) neither takes a penny from SS or the Meda programs... even though they paid in since day one, they are so opposed to the miss-management of their money.
if you put $300/month int a fund that generates 7% return (which is actually still easy to do) you'd have over 1 million dollars in 35 years. I started an IRA in 1992 where I put in 350 per month. in 20 years I've surpassed 1 million in net worth. So I suppose you think I'm rich because I have money... well my Gross income in 22 years of working after my college degree, I've never made over $45,000 per year. my wife's income has never exceeded $35,000 per year. The highest gross income we ever had was $78,000. The house I one, Free and clear is assessed at $340,000 even in today's economy. I bought it in 2000 for $210,000 I just paid it off in November 2011.
Social security, was a FARCE when it was started and is a FARCE today. the point is that it's trash and you can't blame democrats or republicans... the ONLY blame on the CRAP system is We the People for allowing both groups of crooks, and liars to STEAL from us!!!!!
This IS the fact!!!!!
provide FACTUAL proof of derogatory comments... otherwise you just come across as a generic whiner that really has to merritts to their opinion.
Well...let's at least win this time!
Cons want to pick on the easiest targets for their prey, Children, Senior Citizens and the poor. That's just plain cowardly, among sundry other derogatory names I can think of.
"Obamacare takes $500 billion out of Medicare and funds Obamacare." He's right that future savings from Medicare are planned to offset new costs created by the law. But the way he phrases it gives the impression that the law takes money that was already allocated to Medicare and funds the new health care law with it. In fact, the law uses a number of measures to try to reduce the rapid growth of future Medicare spending. Those savings are then applied to costs created by the law -- especially coverage for the uninsured -- so that the overall law doesn't add to the deficit.