Lame Duck Democrats - What Bills should they try to pass? How about fixing SS & Medicare?

[kyzr]

Now that the dems lost the House and possibly the Senate, how about they "fix" Social Security (insolvent 2034) and Medicare (bankrupt 2024) before Republicans take over and "gridlock" sets in for the next two years.

1. Social Security will be insolvent in 2034, but the sooner they fix it the easier the fixes.

Best Retirement Plans Of 2024

When it comes to retirement planning, Americans are often way behind. In fact, in 2019, almost half of households headed by someone 55 or older had no retirement savings at all, according to the U.S. Government Accountability Office. Many people won’t have enough money to live comfortably and wil

www.forbes.com

How to fix Social Security? It's political but it can be done

Social Security remains beloved and holds bipartisan support among American citizens. Yet the program faces an insolvency crisis. Doug Arnold, an emeritus professor at the Princeton University School of Public and International Affairs, outlines workable solutions in his new book.

www.princeton.edu

"You could do similar things today. For example, to make Social Security solvent for the next 75 years, legislators could raise the tax rate from 6.2% to 8.1%. According to current actuarial projections, this would fix the problem until 2095. So, it is fixable, but painful.
Alternatively, legislators could close three-quarters of the long-term deficit by immediately abolishing the maximum taxable wage base (currently $147,000), thus subjecting all wages to taxation. Or they could raise the full retirement age to 68. This would close one-seventh of the long-term actuarial deficit."

2. Medicare will be bankrupt in 2024, so that needs to be fixed ASAP.

7 Ways to Fix Medicare | The Motley Fool

Medicare's Hospital Insurance Trust is expected to exhaust its cash reserves in less than 15 years. A fix is needed, but is a solution among these seven proposals?

www.fool.com

https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

3. Lets debate the "fixes" to SS & Medicare we support.

4. Are there any other Bills democrats should pass in the coming "Lame Duck" session?

 

[pknopp]

Why didn't they work on this the last two years as opposed to two years of hearings that accomplished nothing?

 

[JackOfNoTrades]

Now that the dems lost the House and possibly the Senate, how about they "fix" Social Security (insolvent 2034) and Medicare (bankrupt 2024) before Republicans take over and "gridlock" sets in for the next two years.

1. Social Security will be insolvent in 2034, but the sooner they fix it the easier the fixes.

Best Retirement Plans Of 2024

When it comes to retirement planning, Americans are often way behind. In fact, in 2019, almost half of households headed by someone 55 or older had no retirement savings at all, according to the U.S. Government Accountability Office. Many people won’t have enough money to live comfortably and wil

www.forbes.com

How to fix Social Security? It's political but it can be done

Social Security remains beloved and holds bipartisan support among American citizens. Yet the program faces an insolvency crisis. Doug Arnold, an emeritus professor at the Princeton University School of Public and International Affairs, outlines workable solutions in his new book.

www.princeton.edu

"You could do similar things today. For example, to make Social Security solvent for the next 75 years, legislators could raise the tax rate from 6.2% to 8.1%. According to current actuarial projections, this would fix the problem until 2095. So, it is fixable, but painful.
Alternatively, legislators could close three-quarters of the long-term deficit by immediately abolishing the maximum taxable wage base (currently $147,000), thus subjecting all wages to taxation. Or they could raise the full retirement age to 68. This would close one-seventh of the long-term actuarial deficit."

2. Medicare will be bankrupt in 2024, so that needs to be fixed ASAP.

7 Ways to Fix Medicare | The Motley Fool

Medicare's Hospital Insurance Trust is expected to exhaust its cash reserves in less than 15 years. A fix is needed, but is a solution among these seven proposals?

www.fool.com

https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

3. Lets debate the "fixes" to SS & Medicare we support.

SS
1) Raise the tax rate.
2) Abolish the income ceiling (to collect on taxable wage).
3) Push out the mandatory minimum retirement age (to 70). This should have been done a decade ago.

None of the "fixes" the MF proposed for Medicare will fly. A rework of the health insurance and healtcare system in the is country would be needed to fix the issues with Medicare long term. The ACA offered a framework to do that a decade ago. But Republicans aren't interested in making it better.

 

[shockedcanadian]

How about the "Twelve Years of Balanced Budgets Act" to be re-assessed in twelve years time and renewed if needed.

 

[rightwinger]

Now that the dems lost the House and possibly the Senate, how about they "fix" Social Security (insolvent 2034) and Medicare (bankrupt 2024) before Republicans take over and "gridlock" sets in for the next two years.

1. Social Security will be insolvent in 2034, but the sooner they fix it the easier the fixes.

Best Retirement Plans Of 2024

When it comes to retirement planning, Americans are often way behind. In fact, in 2019, almost half of households headed by someone 55 or older had no retirement savings at all, according to the U.S. Government Accountability Office. Many people won’t have enough money to live comfortably and wil

www.forbes.com

How to fix Social Security? It's political but it can be done

Social Security remains beloved and holds bipartisan support among American citizens. Yet the program faces an insolvency crisis. Doug Arnold, an emeritus professor at the Princeton University School of Public and International Affairs, outlines workable solutions in his new book.

www.princeton.edu

"You could do similar things today. For example, to make Social Security solvent for the next 75 years, legislators could raise the tax rate from 6.2% to 8.1%. According to current actuarial projections, this would fix the problem until 2095. So, it is fixable, but painful.
Alternatively, legislators could close three-quarters of the long-term deficit by immediately abolishing the maximum taxable wage base (currently $147,000), thus subjecting all wages to taxation. Or they could raise the full retirement age to 68. This would close one-seventh of the long-term actuarial deficit."

2. Medicare will be bankrupt in 2024, so that needs to be fixed ASAP.

7 Ways to Fix Medicare | The Motley Fool

Medicare's Hospital Insurance Trust is expected to exhaust its cash reserves in less than 15 years. A fix is needed, but is a solution among these seven proposals?

www.fool.com

https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

3. Lets debate the "fixes" to SS & Medicare we support.

4. Are there any other Bills democrats should pass in the coming "Lame Duck" session?

Agree

Democrats have a short window and they can’t rely on Republicans to do what is right

 

[rightwinger]

Why didn't they work on this the last two years as opposed to two years of hearings that accomplished nothing?

They passed historic legislation in those two years

What are Republicans proposing to do?
Harass Hunter Biden

 

[TNHarley]

SS
1) Raise the tax rate.
2) Abolish the income ceiling (to collect on taxable wage).
3) Push out the mandatory minimum retirement age (to 70). This should have been done a decade ago.

None of the "fixes" the MF proposed for Medicare will fly. A rework of the health insurance and healtcare system in the is country would be needed to fix the issues with Medicare long term. The ACA offered a framework to do that a decade ago. But Republicans aren't interested in making it better.

yeah, keep punishing the citizens because the govt cant do shit right.
Fuck you.

 

[pknopp]

They passed historic legislation in those two years

What are Republicans proposing to do?
Harass Hunter Biden

I'm not defending the Republicans am I? They passed a compromise with Manchin and had to lie to get that done which had nothing to do with S.S. or Medicare.

 

[JackOfNoTrades]

yeah, keep punishing the citizens because the govt cant do shit right.
Fuck you.

Tough shit. Price we pay for a system that still enjoys a majority of support among the voters.

Suck it up, buttercup. Raise the mandatory retirement age. An easy fix that should have been done a long time ago.

 

[johngaltshrugged]

Abolish them both.
The fed govt has no business in medical care outside of taking care of veterans.
They also have no business in our retirements..

None of these things are in the sphere of what the fed govt was empowered to do

 

[TNHarley]

Tough shit. Price we pay for a system that still enjoys a majority of support among the voters.

Suck it up, buttercup. Raise the mandatory retirement age. An easy fix that should have been done a long time ago.

Thats why i cant stand you federal supremacists. You take it out on the citizenry when your god, papa gubmint, fucks up.
Bahhhhhhh bitch

 

[Lisa558]

Now that the dems lost the House and possibly the Senate, how about they "fix" Social Security (insolvent 2034) and Medicare (bankrupt 2024) before Republicans take over and "gridlock" sets in for the next two years.

1. Social Security will be insolvent in 2034, but the sooner they fix it the easier the fixes.

Best Retirement Plans Of 2024

When it comes to retirement planning, Americans are often way behind. In fact, in 2019, almost half of households headed by someone 55 or older had no retirement savings at all, according to the U.S. Government Accountability Office. Many people won’t have enough money to live comfortably and wil

www.forbes.com

How to fix Social Security? It's political but it can be done

Social Security remains beloved and holds bipartisan support among American citizens. Yet the program faces an insolvency crisis. Doug Arnold, an emeritus professor at the Princeton University School of Public and International Affairs, outlines workable solutions in his new book.

www.princeton.edu

"You could do similar things today. For example, to make Social Security solvent for the next 75 years, legislators could raise the tax rate from 6.2% to 8.1%. According to current actuarial projections, this would fix the problem until 2095. So, it is fixable, but painful.
Alternatively, legislators could close three-quarters of the long-term deficit by immediately abolishing the maximum taxable wage base (currently $147,000), thus subjecting all wages to taxation. Or they could raise the full retirement age to 68. This would close one-seventh of the long-term actuarial deficit."

Or….they could do a combination of the three. Raise the tax another percentage, to 7.2%, raise the wage subject to taxation to $200,000, and raise the full retirement age by six months.

2. Medicare will be bankrupt in 2024, so that needs to be fixed ASAP.

7 Ways to Fix Medicare | The Motley Fool

Medicare's Hospital Insurance Trust is expected to exhaust its cash reserves in less than 15 years. A fix is needed, but is a solution among these seven proposals?

www.fool.com

https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

3. Lets debate the "fixes" to SS & Medicare we support.

4. Are there any other Bills democrats should pass in the coming "Lame Duck" session?

 

[Harry Dresden]

Tough shit. Price we pay for a system that still enjoys a majority of support among the voters.

Suck it up, buttercup. Raise the mandatory retirement age. An easy fix that should have been done a long time ago.

you must sit on your ass all day in an office....some people have jobs outside that are physical and cant still be doing it at 70....

 

[kyzr]

SS
1) Raise the tax rate.
2) Abolish the income ceiling (to collect on taxable wage).
3) Push out the mandatory minimum retirement age (to 70). This should have been done a decade ago.

None of the "fixes" the MF proposed for Medicare will fly. A rework of the health insurance and healtcare system in the is country would be needed to fix the issues with Medicare long term. The ACA offered a framework to do that a decade ago. But Republicans aren't interested in making it better.

Yep, fixing SS is relatively easy.
Even if its not a "forever fix" getting solvency from 2034 to 2050 would be a good idea.

Medicare is a real puss case. There is no easy fix. Having the government run healthcare is a bad idea, just ask those who have it.
I'm glad the stupid coxuckers voted Fetterman in instead of Dr. Oz to deal with redesigning and saving Medicare!!!

 

[pknopp]

Yep, fixing SS is relatively easy.
Even if its not a "forever fix" getting solvency from 2034 to 2050 would be a good idea.

Medicare is a real puss case. There is no easy fix. Having the government run healthcare is a bad idea, just ask those who have it.

Do so. Why do you think no one actually runs on ending Medicare? They would get crushed.

I'm glad the stupid coxuckers voted Fetterman in instead of Dr. Oz to deal with redesigning and saving Medicare!!!

Sadly also, no one is willing to give up the campaign donations by actually making Medicare better.

 

[kyzr]

Agree
Democrats have a short window and they can’t rely on Republicans to do what is right

There will be another healthcare crisis coming when Medicare goes bankrupt in 2-years.
What do you think about voters sending Fetterman to DC to fix Medicare instead of Dr. Oz??

 

[kyzr]

Abolish them both.
The fed govt has no business in medical care outside of taking care of veterans.
They also have no business in our retirements..
None of these things are in the sphere of what the fed govt was empowered to do

We paid into BOTH SS & Medicare our entire working lives.
The DC coxuckers had better fix them or there will be heads on pikes all around DC.

 

[kyzr]

Do so. Why do you think no one actually runs on ending Medicare? They would get crushed.
Sadly also, no one is willing to give up the campaign donations by actually making Medicare better.

No politician ever ran on fixing SS & Medicare because there will be some pain involved.
Co-pays will need to be raised, retirement taxes will need to be raised, the 62 early SS retirement age should be raised to 64, etc.

Medicare fixes are even tougher, but the poor folk get free MEDICAID?!
I'm all for taking money from Medicaid to make Medicare solvent.
No one should get "something for nothing."

 

[Harry Dresden]

Yep, fixing SS is relatively easy.
Even if its not a "forever fix" getting solvency from 2034 to 2050 would be a good idea.

Medicare is a real puss case. There is no easy fix. Having the government run healthcare is a bad idea, just ask those who have it.
I'm glad the stupid coxuckers voted Fetterman in instead of Dr. Oz to deal with redesigning and saving Medicare!!!

i have medicare and have had no problems with it.....

 

[pknopp]

No politician ever ran on fixing SS & Medicare because there will be some pain involved.
Co-pays will need to be raised, retirement taxes will need to be raised, the 62 early SS retirement age should be raised to 64, etc.

Medicare fixes are even tougher, but the poor folk get free MEDICAID?!
I'm all for taking money from Medicaid to make Medicare solvent.
No one should get "something for nothing."

Sure, the greatest country in the world should just have people dying in the streets.