Posted to misc.invest.stocks,alt.politics.economics,sci.econ,soc.retirement,rec.food.cooking
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Rep Joe Wilson is full of it. Obama is a right about health care!
On Sep 15, 2:15*pm, Michael Coburn > wrote:
> On Tue, 15 Sep 2009 02:20:53 -0700, Lawyerkill wrote:
> > On Sep 14, 9:16*pm, Michael Coburn > wrote:
> >> Let us understand that Medicare "B" and "D" are the primary shortfalls
> >> but that the article is perpetrating a lie of sorts in insinuating that
> >> these were to be supported by the Medicare tax. *BOTH Medicare "B and
> >> "D" were passed as general revenue supported programs. *Those programs
> >> WERE NOT defined to be funded by the Medicare tax.
>
> >>http://health.howstuffworks.com/medicare4.htm
>
> >> In his lust to **** all over social insurance the author of this rag
> >> fails to distinguish this fact. *And as these programs were never
> >> intended to be supported by the Medicare Tax then there are no
> >> "unfunded" liabilities any more than defense is an "unfunded"
> >> liability. In essence, based on the actual LEGISLATION that created
> >> these programs,THERE IS NO GAP. *The projected income form Medicare
> >> taxes and premiums is $57.4T (his numbers), but there was never any
> >> intent for Medicare taxes to fund parts "B" and "D" in any way. He has
> >> wrapped up the Medicare tax and the paid in premiums in a toxic
> >> enchilada designed to be employed by Republican pig prancers to sew
> >> their seeds of fear and distrust of government. *I have no numbers on
> >> How much of his toxic enchilada is STOLEN Medicare taxes that are
> >> supposed to be placed in the Medicare trust fund specifically for
> >> Medicare "A", and how much is paid in premiums. But the article is
> >> nothing other than the continued assault by Republicans on social
> >> insurance systems and government in general.
>
> > Nice try, but this has nothing to do with part D.
>
> > "The Medicare actuaries then dryly note what would happen once the trust
> > funds for Social Security and Medicare's hospital insurance program are
> > depleted: "
>
> > "Medicare's hospital insurance program"
>
> >http://seniorjournal.com/NEWS/Medicare/2008/8-03-26-
>
> NewTrusteesReport.htm
>
> All of that looks to me that the new Democratic government is looking
> very closely at the problem and actually doing that which others in the
> past have paid lip service. *This, no doubt, infuriates the rightarded.
>
>
>
>
>
> > Here's this is from the report itself, the have it a little confused.
>
> >http://www.ssa.gov/OACT/TRSUM/index.html
>
> > "The projected 75-year actuarial deficit in the Hospital Insurance (HI)
> > Trust Fund is now 3.88 percent of taxable payroll, up from 3.54 percent
> > projected in last year's report. The fund again fails our test of
> > short-range financial adequacy, as projected annual assets drop below
> > projected annual expenditures within 10 years—by 2012. The fund also
> > continues to fail our long range test of close actuarial balance by a
> > wide margin. The projected date of HI Trust Fund exhaustion is 2017, two
> > years earlier than in last year's report, when dedicated revenues would
> > be sufficient to pay 81 percent of HI costs. Projected HI dedicated
> > revenues fall short of outlays by rapidly increasing margins in all
> > future years. The Medicare Report shows that the HI Trust Fund could be
> > brought into actuarial balance over the next 75 years by changes
> > equivalent to an immediate 134 percent increase in the payroll tax (from
> > a rate of 2.9 percent to 6.78 percent), or an immediate 53 percent
> > reduction in program outlays, or some combination of the two. Larger
> > changes would be required to make the program solvent beyond the 75-year
> > horizon."
>
> I have already addressed this. *The Medicare tax should be assessed on
> _ALL_ income and not just on _WAGE_ income, because the benefits are not
> tied to wages as are Social Security benefits.
>
> Problem resolved.
And the extreme libertarian types can choose to emigrate if they don't
like it. They're already free to invest in international companies
that export jobs. Perhaps they need a "Holiday in Cambodia."
>
> --
> "Those are my opinions and you can't have em" -- Bart Simpson
--Bryan
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