Posted on 03/08/2024 10:30:05 AM PST by ChicagoConservative27
Claim: President Joe Biden during Thursday’s State of the Union address claimed that he would stop “anyone” who tries to cut Medicare.
Verdict: False. Biden is actively moving to cut Medicare Advantage, an increasingly popular Medicare option for American seniors.
Biden trotted out the tired rhetorical line that Republicans seek to slash Medicare and Social Security, two popular entitlement programs:
Imagine a future with home care and elder care so seniors and people living with disabilities can stay in their homes and family caregivers get paid what they deserve!
Tonight, let’s all agree once again to stand up for seniors!
(Excerpt) Read more at breitbart.com ...
He musta felt that wet diaper rubbing on his arse cheeks..... /s
Who is trying to cut medicare and least medicare for lawful citizens and residents who have been paying into the system?
Hunter must have cut the “Big Guy’s” share to 9%.
Every election...like clockwork..
Complete fabrication
I don’t know of anyone, on either side proposing any changes to mediscare or social insecurity.
Those proposals will come in 10 years or so and are inevitable for new entrants to system.
EVERYONE SHOULD READ THIS ARTICLE BY KD, and the other ones he has about this debacle that is bankrupting us.
The entire problem with our budget lies in Medicare and Medicaid. The reason is multi-fold but is focused in the following places:
The Medicare tax rate is 2.9%, (1.45% each for employer and employee), or less than one quarter of that for Social Security. Yet last fiscal year Social Security spent $1.03 trillion while Medicare and Medicaid spent $1.46 trillion with approximately $1.15 trillion being Medicare. In other words Medicare assesses taxes at less than 1/4 the rate of Social Security yet pays out more money.
Medical spending as a percentage of the national economy has increased by a factor of five since Medicare was put into place. Medical spending was approximately 4% of GDP in the 1960s; at 4% of GDP Medicare was sustainable indefinitely as its tax receipt projections were approximately correct in covering expected expenditures. Medical spending is almost 20% of GDP today, or five times as high in percentage terms. Yet the Medicare tax rate has not advanced at all. It would have to be five times what it is today, and advance at the rate of medical spending generally indefinitely into the future, to be solvent.
If is not possible to “catch up” now even if you immediately made the Medicare tax 15%, which would be higher than Social Security, because those who are retired now didn’t pay the higher rate and the bonds were not bought with their funds. As such it is flatly impossible to fix this on a prospective basis through higher taxes. IT CANNOT BE DONE BECAUSE TOO MUCH TIME HAS PASSED WITHOUT DOING IT OVER THE LAST 30 YEARS.
Medicaid is even worse because there no tax assessed to cover it. That is, Medicaid is a “pure” entitlement and last year spent approximately $400 billion. You get it because you’re low-income, not because you paid into it while working and now need it. For this reason you cannot fix Medicaid with any sort of targeted, employment-based tax because there isn’t one and the regressive nature of such taxes means people will leave the workforce to avoid paying same and then collect it. In fact that has happened now and continues to this day.
https://market-ticker.org/akcs-www?post=234584
Who’s trying to cut Medicare?
Trump said he would never cut it
It was a stupid ass democrat communist program to begin with and Trump has to save it.
How about we simply start with throwing all the ILLEGALS off of Medicare and Medicaid??
Bidenskyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy is a liar. FJB.
Don’t give Lindsey Graham any ideas.
Rand Paul. He’s itching to.
Biden’s spending will not only end Medicare but every program were going broke at a high rate of speed.
Go ahead, cut my Social Security and Medicare - Just refund all the money I was forced to pay for my whole working life - and don’t forget the interest. (Trump won’t cut anything)
Yeah, Biden will take them behind the barn and punch their lights out. :))
No wonder. Now that the illegal aliens are on it, he has
a constituency to look out for.
Dufus is cutting Medicare/Tricare Life.
Army National Guard Temporarily Suspends Reenlistment Bonuses Due to Lack of Funding
https://www.military.com/daily-news/2024/03/05/want-reenlist-guard-consider-not-doing-it-now-bonuses-are-hold.html?amp=
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