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Home Front: Politix
Perdue: Saving Social Security and Medicare Can Lead Republicans to Victory
2018-06-30
[PJ] WASHINGTON ‐ Sen. David Perdue (R-Ga.) told PJM that saving Medicare and Social Security and cutting "excess" federal spending are winning issues for Republicans in the midterm elections.

The Trump administration has projected that the Medicare Trust Fund would be depleted by 2026 while the Social Security Trust Fund is estimated to run out by 2034.

"I think it's our opportunity to save Social Security and Medicare after 60 years of outrageous, irresponsible liberal spending, in that the formula wouldn’t work. Lyndon Johnson knew it when they put the Great Society in and they liberalized the Social Security plan and so forth; they knew it was never going to be sustainable. Here we are at the end of that run and it's not sustainable, so we as Republicans could be seen as the saviors of Social Security; it is not that hard," Perdue told PJM during a recent interview at the Faith and Freedom Coalition’s Road to Majority Conference in Washington.
Posted by:Besoeker

#12   #4 Most people pay into a mandatory retirement fund (Social Security) for 45-50 years, never take out a dime until age 62 or later and the fund is going broke? Something tells me we need a new funds manager.

Moreover, the same can be said of Medicare. Seniors have paid into this fund most of their working lives and don't benefit from these programs until 65 should they live to that age.
Posted by: JohnQC   2018-06-30 21:59  

#11  Something tells me we need a new funds manager.

Something tells me the old funds managers need to be drug to the public square and hung.
Posted by: gorb   2018-06-30 21:20  

#10  So they are going to start paying retired Americans in CHICKEN like the four toon 500 companies do in MEXICO awesome hey we are all going to the grandparents for beer and wings again football every Sunday!
Posted by: Jack Chaiter7913   2018-06-30 17:26  

#9  Yep, their are already some Democrat politicians floating the idea of "protecting" your retirement IRA/401(k)/Pensions by seizing "incorporating them into Social Security". You lose freedom to pass it on to designated heirs and they can claim "Social Security" is Saved. Win-Win! Bet they have a bullet-proof trust fund hidden offshore...
Posted by: magpie   2018-06-30 13:15  

#8  'Affordable Retirement Act' coming soon. This is where the Government manages all the 401K's and IRA to insure it is managed properly (and everyone gets a fair share of *your* pie.) Cause just like you can't be trusted to manage your own healthcare you can't be trusted to manage your retirement funding.

They did it with healthcare. This is just a small step to the slde.
Posted by: CrazyFool   2018-06-30 11:37  

#7  Shutting down a ponzi scheme will always leave the ‘last in’ feeling conned and ripped off.

You solve this by granting the "last in" tax credits equal to their contributions. Make the credits transferrable so they can be converted to cash. It's a sort of derivative and you know how hungry parts of the finance industry are for those.

Posted by: M. Murcek   2018-06-30 11:24  

#6   I am retired and getting that old, *cough*, experienced (?)... I expect that the IRS will be "Means testing" it soon -- if you saved anything you will be screwed.

Already doing it (means testing) with property taxes in Georgia. Shame on us for working hard and being thrifty....the communist redistribution bastids.
Posted by: Besoeker   2018-06-30 09:14  

#5  I am retired and getting that old, *cough*, experienced (?)... I expect that the IRS will be "Means testing" it soon -- if you saved anything you will be screwed.
Posted by: magpie   2018-06-30 09:09  

#4  Most people pay into a mandatory retirement fund (Social Security) for 45-50 years, never take out a dime until age 62 or later and the fund is going broke? Something tells me we need a new funds manager.

Oh, their payments went into the gov't general fund and the money got pi**ed away. Ok, now I understand.

Posted by: Besoeker   2018-06-30 08:05  

#3  Are they running out of welfare and entitlement monies? Just use the same bookkeeper.
Posted by: Procopius2k   2018-06-30 08:00  

#2  Shutting down a ponzi scheme will always leave the ‘last in’ feeling conned and ripped off. These GIVERnment schemes are even worse since they have forced participation.
Posted by: Airandee   2018-06-30 07:50  

#1  we as Republicans could be seen as the saviors of Social Security; it is not that hard

Ah?
Posted by: g(r)omgoru   2018-06-30 06:05  

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