Posted on 09/18/2018 11:17:23 PM PDT by The_Media_never_lie
President Donald Trump's top economic advisor has given Democrats fresh ammunition for one of their most used midterm attacks.
Asked Monday if the Trump administration would address "entitlement reform," White House chief economic advisor Larry Kudlow said it will "probably" look at "larger entitlements" next year. Entitlement reform generally refers to changes or cuts to large government social programs such as Social Security, Medicare, Medicaid or food stamps.
(Excerpt) Read more at cnbc.com ...
Notice the way they say Medicare and Social Security are entitlements in the minds of most voters. They’re supposed to be reporting facts, not dumbass ways people think, without correcting the misinformation.
I thought SS was based on your work $$ through the years
also, if you look at the chart, medicaid doesn’t eat all that much.
Blame it on people living to 90 and 100 nowadays
There’s not always a boogeyman behind a problem
Though on this site there always seems to be :)
Brutal stupidity on Larry’s part.
Way back in 1960, the Supremes ruled (Flemming v. Nestor) that SS is not a contractual right -- it is nothing more than a tax. It is not an earned benefit, and it is not insurance. This has been the law of the land for 58 years.
The SS administration recognizes this, but is very deceptive in the way they characterize SS benefits. For instance, your earned benefits are called your PIA (Primary Insurance Account). If a private company did this they would be cited for fraud in a heartbeat.
I would love to see President DJT get this underlying law changed so that SS really is a contractual obligation. As it is now, it is nothing more than welfare and an income redistribution scheme.
But the RATs have obfuscated this issue for decades and we are not going to correct their misinformation in a few months. Save the changes for after midterms.
William Blake
A trillion dollar deficit. And growing.
Why lie about trying to accomplish the agenda he was elected to accomplish? The dems lie because they try to hide who and what they are...maybe they should also stop talking about the wall because it also gives them ammunition.....
Lou Dobbs and Ed Rollins were over-the-moon pissed at Kudlow for what he said. Rollins said we could lose 7 or 8 seats (IIRC) because of it.
SS and Medicare were off the table for Trump during the campaign. He was the only Republican that wasn’t going to touch them. So i seriously doubt he will do it now, while other campaign promises go undone.
Sounds like Larry forgot to add - or, FakeNews omitted it - Trump’s familiar saying, For Those Here “ILLEEEEGALLY” part.
That’s likely exactly what he means.
“Larger entitlements”
Be like Trump. Think bigly.
Ethanol subsidies is considered a “large entitlement”.
This is great. What the heck is this an entitlement. these leeches are never going to vote republican. These programs have always been a lock on democrat votes.
Time to get out of bed and get a job. that’s the way for a healthy society.
Wrong on all accounts. We could energize our side. These so-called entitlement are bankrupting our country. Someone has to call this out. medicare alone is $30 trillion in unfunded liabilities.
You worry about seats but you don’t want to solve the big problem.
Just kick the can down the road, eh?
When Kudlow and Paul Ryan openly discuss the Medicaid abuse by illegal aliens, I'll listen to their plan for my well earned Medicare.
.....or... it’s yet another distraction so we can get some actual work done.
I don’t believe it. The jelly-spined RINOs in Congress wouldn’t even cut NPR funding. No way they are touching entitlements.
That was my thinking too. And they had better not think about cutting SS.
* Larry is the guy to talk to Wall Street etc
* He is the Ombudsman in this regard, quite, harmless, and speaks their language.
* He is at the tip of the spear and is not afraid to take arrows.
* My guess this is an effort to at least talk about it because savings in this area could reduce the pressure on interest rates which could slow the GDP growth, and their is interest rate / spiral angst IMHO.
More importantly, Salena Zito in her book "The Great Revolt" touches on this subject that this voting block and PDJT have left the entitlement mess hanging out their like a dangling participial with no resolve, especially w/ the promise not to touch it.
I will keep my power dry and here is why....
* What if Larry and PDJT propose something benign like GWB did, aka buying real Treasury Bills, and build a Bond Ladder in your SSI instead of the IOU's that are non trade-able for higher yield?
* What if you can take < 50% of your SSI contributions and put them in the Mutual Funds that all Federal employees have access to in their TSP?
* What is the changes are this common-sensical?
My guess is the Mutual fund side could even be structured like an Equity Linked CD so that the gains can be in addition to your base withdrawal rates, kind of like a bonus that you can access, and structuring the access is another subject for another day.
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