House Speaker Boehner’s New Budget Proposal

Discussion in 'Politics' started by appleannie1, Jul 26, 2011.

  1. appleannie1
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    appleannie1 Member

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    House Speaker John Boehner’s new budget proposal would require deep cuts in the years immediately ahead in Social Security and Medicare benefits for current retirees, the repeal of health reform’s coverage expansions, or wholesale evisceration of basic assistance programs for vulnerable Americans.
    The plan is, thus, tantamount to a form of “class warfare.” If enacted, it could well produce the greatest increase in poverty and hardship produced by any law in modern U.S. history.

    Statement: Robert Greenstein, President, on House Speaker Boehner
     
  2. uscitizen
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    uscitizen Senior Member

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    Boy that will get them lots of votes in the Tea Party.
    Too bad the right does not believe in spinning cuts.
     
  3. Annie
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    Annie Diamond Member

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    I think everyone should read this, with eyes wide open. LOL! 'Immediate' means within 10 years to start. From the get go both sides agree that SSI, Medicare need to be changed to keep them solvent. Raising the age is step one.

    I for one would be happy if step 1 was announced to be means testing benefits, once the insured had their 'premiums' returned to them over time. Thus the rich elderly, of which there are many, would recoup what they paid in, but if they lived longer than that, it payments would cease.
     
  4. uscitizen
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    uscitizen Senior Member

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    Thus the rich elderly, of which there are many, would recoup what they paid in, but if they lived longer than that, it payments would cease.


    SS is an insurance plan not an investement plan, if that rich why should they be able to draw any SS following your rationale?
     
  5. Annie
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    Annie Diamond Member

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    If it were an investment plan, they could have opted out. It's confiscated earnings, never sold as a tax.
     
  6. kyzr
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    kyzr Gold Member

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    SS payments are based on actuarial tables based on the amounts paid-in and is solvent thru 2037. So a few minor tweaks should make SS viable over the long term.

    Medicare is totally fucked-up. There are no limits, they don't deny service to those who didn't pay in, and that needs to change. Those of us who paid in had better have access to the same quality of care that we afforded past retirees. DC better figure out how to make Medicare viable before it goes insolvent in 2017.
     
  7. sparky
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    sparky VIP Member

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    In short, the Boehner plan would force policymakers to choose among cutting the incomes and health benefits of ordinary retirees, repealing the guts of health reform and leaving an estimated 34 million more Americans uninsured, and savaging the safety net for the poor. It would do so even as it shielded all tax breaks, including the many lucrative tax breaks for the wealthiest and most powerful individuals and corporations.


    is there any question about who this is engineered for?
     
  8. Seawytch
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    Seawytch Information isnt Advocacy

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    The Boehner's plan would lower our rating and increase interest rates. Reid's plan would allow the US to keep it's AAA rating. It's not liberal bias, it's MATH.
     
  9. iamwhatiseem
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    iamwhatiseem Gold Member

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    No it does not ensure anything.
    Both rating agencies have stated numerous times that merely passing a debt ceiling increase would not do anything to stop a credit rating reduction, in fact without REAL spending cuts included - it would increase the likelihood of a lower credit rating.
    The credit rating is not made on whether or not the debt ceiling is raised - rather it is based on the likelihood of America defaulting at some point in the future - which is virtually certain.

    Neither plan thus far actually reduces spending at all. Only PROPOSES spending cuts, which going by the history of congress never following through in "future" spending cuts in the last 30 years - it is basically 100% sure they will not follow through.
     
    Last edited: Jul 26, 2011
  10. The Rabbi
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    The Rabbi Diamond Member

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    What is "Reid's plan" exactly? No mention of it anywhere. Reid's plan seems to be to do nothing.
     

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