Social Security Bait and Switch
The A.P. reports that Federal Reserve Chairman Bernanke testified to Congress that the U. S. economy could be hurt if Social Security and Medicare are not cut, due to rising boomer retirements.
Who elected Bernanke? Social Security and Medicare are not his responsibility. Why should his word mean anything to Congress?
In any case, twenty five years ago Congress acted to increase Social Security taxes precisely to set aside money for the boomer era. Since then, Social Security taxes have been running surpluses. CBO estimates routinely show Social Security sound out to 2040 or beyond. Cutting benefits now is a total screw of the taxpayers: we'll make you pay, but we won't deliver.
Finally, Medicare costs are a problem, but so are all medical costs. We know how to fix this, with a single payer system just like every other modern, industrial, high standard of living country. When people say that the U. S. should not have such a system, they are saying that they want the U. S. to be a third world country.
Who elected Bernanke? Social Security and Medicare are not his responsibility. Why should his word mean anything to Congress?
In any case, twenty five years ago Congress acted to increase Social Security taxes precisely to set aside money for the boomer era. Since then, Social Security taxes have been running surpluses. CBO estimates routinely show Social Security sound out to 2040 or beyond. Cutting benefits now is a total screw of the taxpayers: we'll make you pay, but we won't deliver.
Finally, Medicare costs are a problem, but so are all medical costs. We know how to fix this, with a single payer system just like every other modern, industrial, high standard of living country. When people say that the U. S. should not have such a system, they are saying that they want the U. S. to be a third world country.
posted by Tommy Times at 11:34 AM
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