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Re: Debt Commission Chairs Release Draft Plan
I agree with some of what has been stated here: The problems with Medicare and Medicaid do dwarf the ones with Social Security.
But there are still some very real and very large problems with SS. We are going to have to borrow (correct me if I am wrong) some 47 Billion USD to cover costs this year. And it is highly likely that SS has run its last surplus. Each and every year hence the Treasury will have to sell debt as the equivalent to whatever revenue shortfall exists. This is not small change. And regardless of how this is spun it is still money that should have been there and is not. The government siezed it, put it into the general fund (by voice call vote) each and every year since the surplus was made.
Now it is gone. We have Treasury IOUs.
I don't have a problem with raising the taxable income to cover this, fair enough. I don't have a problem with raising rates to cover this. I don't have a problem with bumping up the retirement age a couple years. But we need to agree on some solution and turn it into reality.
Medicare? Medical costs are the 400 pound gorilla. We lie to ourselves as to what the cause is so why shouldn't we lie to ourselves as to what the solution is. We will never admit that the medical profession itself is mostly to blame. This is a rigged shortage brought onto America on purpose.
Will
I agree with some of what has been stated here: The problems with Medicare and Medicaid do dwarf the ones with Social Security.
But there are still some very real and very large problems with SS. We are going to have to borrow (correct me if I am wrong) some 47 Billion USD to cover costs this year. And it is highly likely that SS has run its last surplus. Each and every year hence the Treasury will have to sell debt as the equivalent to whatever revenue shortfall exists. This is not small change. And regardless of how this is spun it is still money that should have been there and is not. The government siezed it, put it into the general fund (by voice call vote) each and every year since the surplus was made.
Now it is gone. We have Treasury IOUs.
I don't have a problem with raising the taxable income to cover this, fair enough. I don't have a problem with raising rates to cover this. I don't have a problem with bumping up the retirement age a couple years. But we need to agree on some solution and turn it into reality.
Medicare? Medical costs are the 400 pound gorilla. We lie to ourselves as to what the cause is so why shouldn't we lie to ourselves as to what the solution is. We will never admit that the medical profession itself is mostly to blame. This is a rigged shortage brought onto America on purpose.
Will
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