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"ENTITLEMENT" Reform
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Government & Elections
"ENTITLEMENT" Reform
<font face="arial, helvetica, sans-serif" size="1">With elections coming up, there&rsquo;s no shortage of dialogue here. Whether you're a red state Republican or a blue state Democrat, everyone is welcome &mdash; just remember to be civil.</font>
Both parties keep taling about it so it's bound to happen one way or another. Actually,&nbsp; I am seeing some bi-partisanship compromise coming down the pike since neither party wants to claim all th
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Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95
Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95Discussion:2b476095-85a0-4ea2-84c0-a68703266d11

Forums » Politics & Society » Government & Elections » "ENTITLEMENT" Reform

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Forums  »  Politics & Society  »  Government & Elections  »  "ENTITLEMENT" Reform

"ENTITLEMENT" Reform

posted at January 25, 2012 11:28 AM EST
Posts: 1923
First: November 27, 2011
Last: May 18, 2013
Both parties keep taling about it so it's bound to happen one way or another.

Actually,  I am seeing some bi-partisanship compromise coming down the pike since neither party wants to claim all the "glory" of any reform.  Our country needs money, no doubt about it. 

Medicare and Social Security have got to be tweaked for them to continue for the long term.  I don't see any changes to those at or close to their current retirement age (66 ) for SS or even those in the mid-50 range, maybe.  We are looking for long term influx of money here (2036 and beyound) but have to start building that $$$$$ now .   

Not too sure if we can say the same for Medicare - those at or close to their Medicare eligibility will continue to see changes - higher premiums for Part B & D, higher deductibles, changes in the Supplemental coverage linkage and in the MA plans.  Changes to the actual coverage of Medicare will happen too but this will be assigned on the medical provider end.

 

Re: "ENTITLEMENT" Reform

posted at January 29, 2012 5:42 PM EST
Posts: 12532
First: February 29, 2008
Last: May 17, 2013
In Response to "ENTITLEMENT" Reform:
Both parties keep taling about it so it's bound to happen one way or another. Actually,  I am seeing some bi-partisanship compromise coming down the pike since neither party wants to claim all the "glory" of any reform.  Our country needs money, no doubt about it.  Medicare and Social Security have got to be tweaked for them to continue for the long term.  I don't see any changes to those at or close to their current retirement age (66 ) for SS or even those in the mid-50 range, maybe.  We are looking for long term influx of money here (2036 and beyound) but have to start building that $$$$$ now .    Not too sure if we can say the same for Medicare - those at or close to their Medicare eligibility will continue to see changes - higher premiums for Part B & D, higher deductibles, changes in the Supplemental coverage linkage and in the MA plans.  Changes to the actual coverage of Medicare will happen too but this will be assigned on the medical provider end.  
Posted by GailL1


The consistently misinformed the public about the impact of Social Security and other entitlement programs on the deficit WHICH HAS NOTHING TO DO WITH THE DEFICIT. .
The truth is that, according to the nonpartisan
Congressional Budget Office, Social Security is fully funded until 2052.... and republicans use the misinformation to accelerate the destruction of old people's entitlements.   OF course expenses have gone up on everything this past decade...we have always had inflation and it will affect medical and due to raises in salaries--modern med equipment and so forth.   

The TOP 10% own $40 TRILLION DOLLARS IN ASSETS.....doesn't sound like America is broke to me....


The republicans only want to talk about the deficit, the deficit, the deficit .     BUT each year, we Americans account for nearly half of all global military spending, an amount larger than the next 45 nations together spend on their militaries. Because corporations make BIG bucks on this and like Cheney's Haliburton skip to Dubai for headquarters to escape paying any taxes at all.

Republican Speaker John Boehner refused to raise the debt ceiling to secure tax breaks for big oil companies and his billionaire jet-owning friends. It's now clearer than ever that Republicans won't say yes to anything and would rather see our economy fall into catastrophic default than offend Grover Norquist and the Tea Party fringe by asking billionaires to pay their fair share.

Re: "ENTITLEMENT" Reform

posted at January 29, 2012 9:28 PM EST
Posts: 1923
First: November 27, 2011
Last: May 18, 2013
In Response to Re: "ENTITLEMENT" Reform:
.
Posted by JANMB


I didn't say anything about the nations deficit or debt - here I am only talking about SS and Medicare.

I think you need to update your CBO report and their conculsions  They issue NEW ones every year; I bet you're using an old variety.

Here's the one from August 2011 - a whole lot different than what you posted.

CBO's 2011 Long-Term Projections for Social Security: Additional Information

From the reports abstract:
"In calendar year 2010, for the first time since the enactment of the Social Security Amendments of 1983, annual outlays for the program exceeded annual revenues excluding interest credited to the trust funds. CBO projects that the gap will continue: Over the next five years, outlays will be about 5 percent greater than such revenues. However, as more members of the baby-boom generation (that is, people born between 1946 and 1964) enter retirement, outlays will increase relative to the size of the economy, whereas tax revenues will remain at an almost constant share of the economy. As a result, the shortfall will begin to grow around 2017.

CBO projects that the DI trust fund (Disability Insurance benefit) will be exhausted in 2017 and that the OASI trust fund (Old-Age and Survivors Insurance benefit) will be exhausted in 2040. Once a trust fund's balance has fallen to zero and current revenues are insufficient to cover the benefits that are specified in law, the corresponding program will be unable to pay full benefits without changes in law. The DI trust fund came close to exhaustion in 1994, but that outcome was prevented by legislation that redirected revenues from the OASI trust fund to the DI trust fund. In part because of that experience, it is a common analytical convention to consider the DI and OASI trust funds as combined. CBO projects that, if legislation to shift resources from the OASI trust fund to the DI trust fund was enacted, the combined OASDI trust funds would be exhausted in 2038."


Guess "Entitlement Reform" has to come a bit faster than you think.

Forums » Politics & Society » Government & Elections » "ENTITLEMENT" Reform