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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMitch McConnell: Republicans are gunning for Social Security, Medicare and Obamacare next
All Washington seems to be buzzing this week over a single question: Is Sen. Mitch McConnell (R-Ky.) deliberately trying to throw the election to the Democrats?
At the root of the debate are interviews the Senate majority leader gave to Bloomberg and Reuters on Tuesday and Wednesday.
McConnell identified entitlements thats Washington code for Social Security, Medicare and Medicaid as the real drivers of the debt and called for them to be adjusted to the demographics of the future.
Translation: He wants to cut benefits.
https://www.latimes.com/business/hiltzik/la-fi-hiltzik-mcconnell-social-security-20181019-story.html
spanone
(135,844 posts)That massive number is the reduction in home values caused by the 2017 tax law that capped federal deductions for state and local real estate and income taxes at $10,000 a year and also eliminated some mortgage interest deductions. The impact varies widely across different areas. Counties with high home prices and high real estate taxes and where homeowners have big mortgages are suffering the biggest hit, as youd expect, given the larger value of the lost tax deductions. But as well see, homeowners all over the country are feeling the effects.
Im basing my analysis on numbers from two well-respected people: Mark Zandi, the chief economist of Moodys Analytics; and Hugh Lamle, the retired president of M.D. Sass, a Wall Street investment management company.
Zandis numbers are broadmacro-math, as it were. Lamle (pronounced LAM-lee) is a master of micro-math. It was Lamle who first got me thinking about home value losses by sending me an economic model that he created to show the damage inflicted on high-end, high-bracket taxpayers in high-tax areas who paid seven digits or more for their homes.
https://fortune.com/2019/10/10/how-trump-tax-bill-affects-homeowners-middle-class/
kimbutgar
(21,162 posts)Want to get rid of social security, Medicare and Obamacare. Vote repuke lose these programs.
shockey80
(4,379 posts)Fuck Trump, Fuck Republicans, Fuck them all.
Andy823
(11,495 posts)They know just how bad things are here in the U.S.A. and around the world. If they want to git rid of him and then let Democrats clean up his mess, it could be their plan.
It took George W. two terms to screw things up. Dip shit trump has made things "worse" in less than one term and republicans have no idea how fix it, except to hope Democrats win in 2020 so they can blame trumps mess on the Democrats.
not_the_one
(2,227 posts)How many boomers are NOT retiring because they can't live off of their social security?
Maybe social security should be increased (maybe the equivalence of Yangs UBI), so they COULD retire!
How many millions of jobs would open up for those still working their way up the employment ladder?
Meanwhile, you didn't blink an eye at the 1 TRILLION $ tax cut for the uber wealthy.
You Fucking Piece Of Shit Pusbag On Pootie's Ass
Can we say TREASON???? I thought we could.
Garrett78
(10,721 posts)...that "economic anxiety" drives people to vote Republican.
It's the racism, stupid.
Scotch-Irish
(464 posts)AND they need to keep beating the drum that says the republicans are supporting the president's lawlessness. We need to be calling out republicans, the same way they are always blaming every pimple on their asses on democrats.
Wounded Bear
(58,670 posts)Not really anything new here. When you hear Repubs say "strengthening" or "adjusting" these programs look for benefit cuts and contribution increases for the lower income folks.
CrispyQ
(36,478 posts)I know people in their early 40s who are already counting on social security as part/all of their retirement. Our government has been hijacked by the dregs of humanity.
Martin Eden
(12,870 posts)1. Give massive tax cuts to their wealthy patrons, creating massive deficits.
2. Blame the deficits on "entitlements."
3. Cut the earned benefits we worked and paid for all our lives.
Turbineguy
(37,343 posts)Ayn Rand didn't warn us about.