It is kind of like that old cliché, “First the came for the Jews, and I said nothing. . .”
Here, it should be, “First, they came for the people on minimum wage, and we said nothing.
Because the Rich have decared War on poor people and middle class people. And their first target was the poor schlubs on minimum wage, and it was not adjusted in accordance with the cost of living for decades nearly. Most of us said nothing. We sat by and let those poor schlubs go on food stamps and Medicaid and housing assistance.
Now, the Rich are coming for us. We will own nothing and be happy acording to them. Conservatives have been a big part of this, with their ignorant Ayn Rand, Libertarian crap, and they sat by while factories were shipped overseas.
This is why RINOs, like Sh!t Romney, and Dick Cheney hate Trump.
Social security is NOT the problem. It is a little fix. Karl Denniger says that SocSec is included in the Entitlements Issue, to keep us from fixing Entitles, lest the Seniors rise in revolt.
“he CBO is out with their latest estimate on the detonation of our federal budget, and it’s not pretty. They point out what I’ve said repeatedly on the budget and “entitlements”: Social Security is not the problem and in fact will start declining in share of the budget in 2028; politicians speaking of “entitlements” lumping Social Security in with Medicare and Medicaid are lying. The entire problem is in medical spending and if current trends are not reversed — not just “adjusted” over time — will destroy the federal budget and economy. We will not get to 2037 before it happens either; in fact, if we do not act we’ll be lucky to get through the next four years as the markets will figure out that neither political party will take this issue on and resolve it. Simply put we must solve this problem and we must do it now.
https://market-ticker.org/akcs-www?post=231949
and
Note that Social Security is fairly easy to “fix.” First, we can stop tampering with rates on a forward basis. Second, we can (and probably have to) lift either the cap on wages at a faster rate (or once on a step-function basis), modestly increase the FICA tax, or some blend of both. A less than 3% increase in the FICA rate (both halves; you pay both even though you don’t see both directly) is roughly where the line is, assuming wages do not lift faster than inflation (payouts.) If they do some or all of that will disappear; the reason is that Social Security is a progressive system; that is, your first dollar of earnings (taxable) get you more benefit when you retire than higher earnings dollars do. So if people shift toward the higher end (before the cap-out, at which you neither pay or get more) then the deficiency closes.
The bad news is found in Medicare.
Medicare goes bust in eight years and there is no rational revenue-raising way to fix it.
For most of us who are not 75+ it will not be there unless the medical monopolists are jailed, hung or both right now.”
https://market-ticker.org/akcs-www?singlepost=3446205
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A %20 import tariff that funds SS and MC. Makes sense since it it is a tax on foreign labor.
“Medicare goes bust in eight years and”
“there is no rational revenue-raising way to fix it.”
Medicare will have to get fixed it other ways then. From my suggestions on my profile page:
ENHANCED HOSPITAL SERVICE COMPETITION
To reduce hospital costs, state law would be changed to allow:
1. large hospital complexes and systems to be split up
2. competitive hospitals to be built adjacent to existent hospitals
(if a building purchase request is refused)
3. independent surgical, imaging, lab and nursing care facilities to coordinate
to state law requirements to effectively function as hospitals
EMTALA
EMTALA care provision responsibility would be limited to one episode per patient in any 365 day period excluding paid-up previous visits, with a limit waiver to be at least $200 in cash or its equivalent.
EMTALA care uniformly billed at no more than 300% of Medicare amounts, including interest and late and other charges, could be collected in the manner of federal student loan debt.