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10/22/2018 6:23 am  #1


There it Is

OK, there it is. Republicans are coming for your Social Security and Medicare to pay for tax cuts for the rich.

Really.



Mitch McConnell says it out loud: Republicans are gunning for Social Security, Medicare and Obamacare next


https://www.latimes.com/resizer/kQOa5YIImZprbBaZD2KdDR39yr0=/1400x0/www.trbimg.com/img-5bca1e83/turbine/la-1539972718-acpo4dm5iu-snap-image


All Washington seems to be buzzing this week over a single question: Is Sen. Mitch McConnell (R-Ky.) deliberately trying to throw the election to the Democrats?

At the root of the debate are interviews the Senate majority leader gave to Bloomberg and Reuters on Tuesday and Wednesday. McConnell identified “entitlements” — that’s Washington code for Social Security, Medicare and Medicaid — as “the real drivers of the debt” and called for them to be adjusted “to the demographics of the future.”
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The novel element about GOP declarations of hostility to social insurance programs this time around is that they persist in blaming the deficit on the programs, which are mainstays for middle- and low-income Americans despite their having just passed a budget-blasting tax cut for corporations and the wealthy that is estimated to cost some $2 trillion over the next 10 years.

That’s not pure conjecture. The U.S. Treasury calculated the federal deficit in the 2017-18 fiscal year ended Sept. 30 at $779 billion, close to the Congressional Budget Office calculation of $793 billion. That’s the largest federal deficit since 2012, when the government was still spending to assist recovery from the 2008 recession.

The CBO projects the current fiscal year deficit at $973 billion, and says it expects annual deficits to exceed $1 trillion into the next decade. The CBO attributed much of the deficit to “recently enacted legislative changes. … In particular, provisions of the 2017 tax act.”

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-mcconnell-social-security-20181019-story.html


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

10/22/2018 11:10 am  #2


Re: There it Is

Gotta' pay for those Big Business giveaways SOMEHOW !! 


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

10/23/2018 5:27 am  #3


Re: There it Is

https://scontent-lga3-1.xx.fbcdn.net/v/t1.0-9/44536604_2036354296427753_2395948949182611456_n.jpg?_nc_cat=1&_nc_ht=scontent-lga3-1.xx&oh=8296aeba3975dc2f1ec351f7f2288d0c&oe=5C894692


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
     Thread Starter
 

10/23/2018 8:39 pm  #4


Re: There it Is

An honest assessment of Federal budgets and their deficits in the 1960's-70's concludes that it was the combination of the Vietnam War and the creation of Medicare that led to the runaway inflation of the late 70's.

The economy could have absorbed one or the other.  Not both.


Life is an Orthros.
 

10/24/2018 8:49 am  #5


Re: There it Is

Tarnation wrote:

An honest assessment of Federal budgets and their deficits in the 1960's-70's concludes that it was the combination of the Vietnam War and the creation of Medicare that led to the runaway inflation of the late 70's.

The economy could have absorbed one or the other.  Not both.

What is the consensus that we do not have runaway inflation today since Medicare is still growing  and we are still spending as much on defense as ever ?? 
 

Last edited by tennyson (10/24/2018 8:49 am)


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

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