Share on Google Plus Share on Twitter
  5
Share on Facebook
  5
Share on LinkedIn Share on PInterest Share on StumbleUpon
  1
Tell A Friend
  2
13 Shares     
Printer Friendly Page Save As Favorite View Favorites View Article Stats
8 comments

OpEdNews Op Eds

Republican Plan to End Social Security, Medicare and Medicaid

By (about the author)     Permalink       (Page 1 of 3 pages)
Related Topic(s): ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 6   Valuable 5   Well Said 2  
View Ratings | Rate It

Headlined to H3 4/7/11
Become a Fan
  (191 fans)

opednews.com

Republican Plan to End Social Security, Medicare and Medicaid - by Stephen Lendman

Public rhetoric obscures important facts about these plans politicians won't discuss in their zeal to end them incrementally. 

Medicaid is welfare for low-income beneficiaries, jointly funded by the states and Washington, managed at the state level.

Social Security and Medicare are insurance programs, funded by worker-employer payroll tax deductions. They're contractual federal obligations to eligible recipients who qualify. However, you'd never know it the way both programs are publicly discussed, explaining everything but the truth.

On August 14, 1935, the Social Security Act became law, known as the federal Old-Age, Survivors, and Disability Insurance program (OASDI). It provides retirement, disability, survivorship, and death benefits. It's still America's most effective poverty reduction program that's worked remarkably well since inception. It exists to provide secure inflation-adjusted retirement or disability income, unlike risking personal savings to create private wealth and perhaps lose it.

Despite bogus claims, it's not going bankrupt. When properly administered, it's sound and secure, needing only modest adjustments at times to assure it.

On July 30, 1965, Lyndon Johnson signed the Social Security (Medicare) Act into law, enrolling Harry and Bess Truman as its first recipients. 

Medicare.gov calls it "the nation's largest health insurance program," covering 40 million Americans. It's a "Health Insurance program for people age 65 or older, some disabled people under age 65, and people of all ages with End-Stage Renal Disease (permanent kidney failure treated with dialysis or a transplant)."

Bipartisan complicity wants Medicare and Social Security ended, citing the nation's burgeoning debt and enormous unfunded liabilities for both programs. The web site usdebtclock.org lists them as follows:

(1) the US National Debt: over $14 trillion;

(2) Social Security Liability: nearly $15 trillion;

(3) Prescription Drug Liability: nearly $20 trillion; and

(4) Medicare Liability: nearly $79 trillion.

Total: over $113 trillion plus the National Debt.

Most important is that future liabilities mask today's soundness that can stay that way if current programs are properly administered. That's omitted from hyped scare tactics to convince future recipients to make unjustifiable sacrifices. Like them or not, they're coming, major media reports promoting the idea as well as politicians from both parties.

Republicans, in fact, always opposed these programs. Given unsustainable deficits from out-of-control military  spending and corporate handouts, they now see a chance to end them by a combination of cuts, shifting cost burdens to states and beneficiaries, plus lots of smoke and mirrors. Key is that Democrats concur, despite softer public rhetoric, appealing to constituencies while betraying them behind closed doors, Obama a duplicitous co-conspirator.

Next Page  1  |  2  |  3

 

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.
Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
6 people are discussing this page, with 8 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

The day the worthless Republicans do something as ... by Darren Wolfe on Thursday, Apr 7, 2011 at 9:26:47 PM
Hope your hat's made of Bologna! .....enjoy with ... by Bia Winter on Friday, Apr 8, 2011 at 6:53:07 AM
Why? Do you think those morons will actually succe... by Darren Wolfe on Friday, Apr 8, 2011 at 7:41:04 AM
Republicans don't believe in supporting people. T... by Magic Mike Berger on Friday, Apr 8, 2011 at 2:47:12 AM
Big Bankers have looted US big-time...and most of ... by Bia Winter on Friday, Apr 8, 2011 at 6:55:32 AM
Folks, there is only one aswer to that: GOP does t... by Mark Sashine on Friday, Apr 8, 2011 at 9:22:11 AM
Wall street, bankers, and insurance companies want... by Philip Pease on Friday, Apr 8, 2011 at 9:37:23 AM
Repeat a lie, and they'll believe it, all I hear i... by Debbie S on Friday, Apr 8, 2011 at 3:21:09 PM