Posts Tagged medicare

Goldman, Other Welfare Queens Tell Us Forget Social Security-Medicare Until 70

Michael Collins

(Washington, DC 1/21)  A long standing  Money Party front, the Business Roundtable, wants you to wait until you’re 70 years old before you get Social Security and Medicare benefits.  This is just a reprise of the November 2012 dictate from the king of corporate cronyism, Goldman Sachs CEO Lloyd Blankfein.  (Image: DonkeyHotey)  (Greenspan statement)

The boss announced, “So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. But in general, entitlements have to be slowed down and contained.”  Lloyd Blankfein, CBS News, November 2012

That’s easy for Lloyd to say.  He makes tens of millions of dollars a year without so much as lifting a finger.  You can be sure that Blankfein has a deluxe health insurance and retirement plan. Read the rest of this entry »

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Romney’s Albatross

Michael Collins

The public is just beginning to pay attention to the key issues of the 2012 presidential campaign. Even at this early stage, there is a clear trend in opinion against vice presidential candidate Paul Ryan’s Medicare voucher program. On this and other key issues, Ryan’s very explicit positions and legislative proposals spell doom for the Romney campaign. Ryan’s record and a Republican platform endorsing those extreme views are Romney’s albatross.

A Pew Research poll, August 23, exposes the impact of one key campaign. Medicare Voucher Plan Remains Unpopular captures the impact of timing for Ryan’s exposure as a hard core, right wing extremist.

Basically, Ryan destroys Medicare by turning it into a voucher system. Seniors would receive a grant from the Federal government to purchase their own coverage (on those useless exchanges Obama created, perhaps). The additional costs represent 35% of median senior income in 2022 and go up from there to 50% of median income by 2050. A Republican death panel, this approach will deny a major portion of seniors of part of all of their medical services. Read the rest of this entry »

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Super Congress in Session – More of the Cruel Charade


Wall Street and the big banks owe $1.5 trillion for the bailout (at least).  The Super Congress needs to cut $1.5 trillion over ten years.  Get the money from Wall Street and cancel the Super Congress.  Problem solved.

Last month’s debt ceiling crisis was resolved when Congress and the Obama administration made a deal to cut  trillions in federal spending over the next ten years.  Congress identified the easy cuts, the low hanging fruit so to speak, for a total of nearly $1.0 trillion.  At the same time, Congress and the White House created the “Super Congress” committee of six senators and six representatives charged with cutting another $1.5 trillion. (Image: Lucy White with permission)
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