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The movement in Washington to gut our most crucial social insurance programs - not only Social Security and Medicare, but Medicaid, too - amounts to nothing less than a war on the working class: people at all levels of income and employment who are counting on retirement income and health security.
via Huffington Post.
However, some conservatives in Congress insist that relief for programs like the Older Americans Act be paid for by cutting Medicare and Medicaid. This budgetary sleight-of-hand could trade partial relief for some seniors’ programs by cutting other essential health security programs like Medicare and Medicaid, thus further eroding the tenuous economic situation many older Americans face.
Max Richtman via Huffington Post.
via twitter.
Related Reading:
The GOP tax scam (tax cuts for the wealthy) will add over $1.5 trillion in debt. How will the GOP pay for it? By cutting Social Security, Medicare, and Medicaid.
How the Tax Law Affects Seniors.
The tax law would leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic $1.5 trillion increase at a minimum in the public debt – an increase that will have to be offset in the future.
Tax legislation approved by the Congress and signed into law by President Trump on December 22, 2017 (P.L. 115-97) will leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic $1.5 trillion increase in the public debt – an increase that will have to be offset in the future. Inevitably, current and future generations of older Americans and people with disabilities will be forced to pay a heavy price for this irresponsible law. Key supporters of the tax bill made clear their intent immediately after its approval.
Read more about this issue by clicking here.
3. Social Security, Medicare and Medicaid
Author/journalist Noam Chomsky, one of the great minds of the left, has described Nixon as “America’s last liberal president”—and when it came to Medicare, Medicaid and Social Security, Nixon clearly supported elements of President Franklin Delano Roosevelt’s New Deal and President Lyndon B. Johnson’s sequel, the Great Society.
In 1972, Nixon signed into law a bill that expanded Social Security and Medicare benefits, which was radically different from the Trump administration budget that, in February, called for dramatic cuts in those programs. Nixon had no interest in privatizing Social Security, Medicare or Medicaid, whereas Ryan would love to privatize those programs—and as Max Richtman, president of the National Committee to Preserve Social Security and Medicare, pointed out earlier this year, “Privatization is not a plan to save Social Security; it is a plan to dismantle Social Security.”
via Alternet.
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We have kept track of both the Trump administration and Congress’ actions on Social Security, Medicare, Medicaid, and health care.
You can view both timelines here:
President Trump and administration timeline.
Congressional timeline.
Our nation’s social insurance system provides vital protection to American workers and their families, and it is especially important to Millennials. Programs such as Social Security, Medicare, Medicaid, Unemployment Insurance, and the Supplemental Nutrition Assistance Program protect tens of millions of Americans from poverty and provide peace of mind that we will not become destitute in the event of disability, ill health, job loss, retirement, or loss of a breadwinner.
Rebecca Vallas via Investing in Millennials Through an Economy that Works for All.
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Additionally, groups like Business Roundtable and Fix the Debt, use Generational Warfare as a tactic to pit young vs. the old.
via Twitter.
GOP Tax Cuts Could Cost Seniors in the Long Run
- The nonprofit Tax Policy Center estimates that the GOP tax plan will reduce federal revenues by a net $2.4 trillion in the next 10 years. As the deficit grows, Congress will look to cut spending. Republicans have already called for deep cuts to Social Security and Medicare, and would no doubt come after those programs looking for massive savings.
- Seniors’ earned benefits could be used as piggy banks to pay for reckless tax cuts that largely benefit the wealthy.
via twitter.
Related Reading:
How the Tax Law Affects Seniors.
The tax law would leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic $2.3 trillion increase at a minimum in the public debt – an increase that will have to be offset in the future.
Inevitably, current and future generations of older Americans and people with disabilities will be forced to pay a heavy price for this irresponsible law.
Unfortunately, seniors will still receive no cost of living adjustment in 2016 and the sequester cuts to Medicare providers will continue to pay for non-Medicare programs. It’s clear the GOP-led Congress still sees Social Security, Medicare and Medicaid as piggy banks to fund other legislative priorities and this hostage-taking, threats to benefits and crisis creation will continue.
Max Richtman via Entitled to Know.
