Biden saved SS and Medicare on national tv

[Tsmokies]

He played the gop and won bigley for the working class.

[Precious_b]

OH. He played them clowns so good. They still don't know what happened to them.

Gonna love seeing it thrown in their face when they even breathe about shutting it down.

[The_Waco_Kid]

Originally Posted by Tsmokies

He played the gop and won bigley for the working class.

Originally Posted by Precious_b

OH. He played them clowns so good. They still don't know what happened to them.

Gonna love seeing it thrown in their face when they even breathe about shutting it down.

if you say so

[Tiny]

Omg n wtf n lol! Medicare will run out of money in 2028 and social security in 2037. The programs have 96 trillion in unfunded liabilities over the next 75 years. And Biden is playing games to score political points, while the pundits on MSNBC cheer him on.

The people who last saved social security and Medicare, in 1983, were Ronald Reagan, Tip O’Neill et al, when the programs were about to run out of money. With Biden taking marching orders from Elizabeth Warren and Bernie Sanders you’re not likely to see the level of bipartisanship we saw in 1983 required to fix the problems.

That’s not to say the Ponzi schemes are worth saving. Something like Singapore’s central provident fund, where workers would have their own accounts for retirement and medical care would be vastly preferable. But that’s not going to happen given the pedestal upon which social security and Medicare have been placed, by people like Biden.

[winn dixie]

biden playing very partisan politics and trying to bait Republicans. That was a flop that got called out rit there!
This resulted in biden being very rattled and led him to make many MORE gaffes afterward. Actually embarrassing.

[Jackie S]

Biden is a moron, but never the less, I will keep cashing my big fat SS check every month.

[Why_Yes_I_Do]

Originally Posted by Tsmokies

He played the gop and won bigley for the working class.

Seems as though you have forgotten that we are on a provider board. So does F Joe O'Bidan spit or swallow, because clearly - he's a knob polisher??

[nevergaveitathought]

Originally Posted by Tiny

Medicare will run out of money in 2028 and social security in 2037. The programs have 96 trillion in unfunded liabilities over the next 75 years. I think there is no liability as we understand liability...there is a program but not a contractual obligation

The people who last saved social security and Medicare, in 1983, were Ronald Reagan, Tip O’Neill et al, when the programs were about to run out of money. With Biden taking marching orders from Elizabeth Warren and Bernie Sanders you’re not likely to see the level of bipartisanship we saw in 1983 required to fix the problems.

There have been tweaks in the past...like doing away with file and suspend maybe 5 or 6 years ago...and the full retirement age creeps up a few months now and again....which lessens the additional amount for beginning and also for waiting to age 70 but yes a revisit is required

Full retirement age was set at 65 originally and was kept that way for decades....the reason was that age was borrowed from Bismarck, who used it in Germany, and was designed to limit any need to send out checks as most people died around that age. i remember when i was a kid, 72 was the average life expectancy for males

one problem today is social security isnt for old people alone....social security offices are filled with young people and thier kids all trying to get disability social security


That’s not to say the Ponzi schemes are worth saving. Something like Singapore’s central provident fund, where workers would have their own accounts for retirement and medical care would be vastly preferable. But that’s not going to happen given the pedestal upon which social security and Medicare have been placed, by people like Biden.

when i was young and still had a small belief that people in washington had a bit of care for america which they placed ahead of their self interest, i wrote a letter to the treasury secretary expounding on the good that could come from separate accounts in social security

despite al gores lockbox assurances

but that wont happen, lack of control

and there you have it

[farmstud60]

Biden's state of the Union, I will lie about everything and CNN, NBC, ABC, New York Times will cover for me and not call the lies actual lies.

[Tiny]

Originally Posted by nevergaveitathought

and there you have it

Good post nevergaveitathought - the blue text

[bambino]

Biden’s bankrupting the country on national TV!!!! Truth be told, it’s already bankrupt. And Biden’s been there every step of the way.

[Ripmany]

SS Nazis?

[Precious_b]

Originally Posted by Tiny

...

The people who last saved social security and Medicare, in 1983, were Ronald Reagan, Tip O’Neill et al, when the programs were about to run out of money....

Always been waiting for the Party of No to be willing to actively participate. Seeing how well they play with each other choosing a Speaker shows their willingness to contribute to making bi-partisan legislation.

[Tiny]

Originally Posted by Precious_b

Always been waiting for the Party of No to be willing to actively participate. Seeing how well they play with each other choosing a Speaker shows their willingness to contribute to making bi-partisan legislation.

You've got one party that says yes all the time and a second one that occasionally says no. The result is a $30 trillion national debt. I'm happy to see a House that's not going to give Biden and Schumer everything they want.

That said, the bastards in Washington are going to have to stop playing games and do something about social security and Medicare at some point or the programs will run out of money.

[lustylad]

Originally Posted by Tsmokies

He played the gop and won bigley (sic) for the working class.

Originally Posted by Precious_b

OH. He played them clowns so good. They still don't know what happened to them.

If you're under 50, then YOU are the ones being played by Biden.

The man is a supreme coward. No vision, no principles, zero courage to do what is right.

He just does whatever he is told to do by the spendthrift far-left "progressive" socialist dolts who are hell-bent on dragging the USA down the road to financial ruin.


Another Ugly Beltway Consensus

Democrats and Republicans rule out entitlement reform.

James Freeman
Feb. 8, 2023 5:48 pm ET


There may be some downsides to having an 80-year-old running the country. But among the benefits ought to be wisdom, an understanding of history and a focus on the legacy that will be left for future generations. Right now America’s children need President Joe Biden’s leadership in addressing the country’s massive and rapidly rising debt burden. Yet on Tuesday night the president clarified that he has no intention of providing it. Mr. Biden is so committed to rejecting Republicans’ efforts to restrain spending that in his State of the Union address he spent time attacking reforms they’re not even proposing.

It would be one thing if Mr. Biden were attempting to make an economic case that the government can finance massive annual deficits forever without consequence—or that the numbers published by his Treasury and the Congressional Budget Office are wrong. But he’s simply ignoring the problem and rejecting even the idea of discussing spending reforms as he seeks congressional approval for more borrowing.

Speaking of CBO, today Congress’s official budget scorekeeper delivered the latest terrible news for the future taxpayers who will someday need to pay for all of this:

The federal budget deficit was $459 billion in the first four months of fiscal year 2023, the Congressional Budget Office estimates—$200 billion more than the shortfall recorded during the same period last year. Outlays were 9 percent higher and revenues were 3 percent lower from October through January than during the same period in fiscal year 2022.
Nearly half a trillion in just four months!

In just two years of the Biden administration total public debt outstanding has increased by $3.7 trillion. And of course Mr. Biden was an enthusiastic supporter of the lockdown pandemic strategy that contributed to an increase of more than $4 trillion in federal debt the year before he took office. Then there’s the big spending he advocated in his more than four decades as a senator and then vice president.

The federal debt burden is now bigger than our economy, without even counting the much larger burden of promised future benefits from entitlement programs. Yet Mr. Biden—along with his Republican opposition in Congress—is ruling out all the obvious reforms to restrain future spending. The bipartisan consensus, supported by our president, is to reject consideration of any changes in entitlement programs like Social Security and Medicare, even though the officials who oversee these programs keep explaining why they need to be changed.

The Social Security Administration summarizes the 2022 annual report from the Social Security and Medicare Boards of Trustees:

Social Security and Medicare both face long-term financing shortfalls under currently scheduled benefits and financing....

The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2034...

The Hospital Insurance (HI) Trust Fund, or Medicare Part A, which helps pay for services such as inpatient hospital care, will be able to pay scheduled benefits until 2028...

Lawmakers have many policy options that would reduce or eliminate the long-term financing shortfalls in Social Security and Medicare. Taking action sooner rather than later will allow consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.

The president has forged a bipartisan agreement not to talk about the subject, ensuring that the public has as little time as possible to prepare. This is a disgraceful abdication of leadership. National Review’s Philip Klein opines:

Watching leaders, many at or near retirement age, agree to do absolutely nothing to address this problem is an act of fiscal violence against younger Americans.

Violence may be a strong word, and absent market-based reform the future doesn’t look so hot for beneficiaries, either. But clearly younger Americans face the largest financial burdens.

Mr. Biden is the most responsible official with the most authority to solve the problem and he’s essentially telling young people to find some other adult to care about their financial futures. Haven’t America’s kids suffered enough under his Covid policies?

https://www.wsj.com/articles/another...us-11675896495