General Discussion
In reply to the discussion: "I live on $710.00 a month, what exactly am I supposed to cut?" [View all]BlueCaliDem
(15,438 posts)but it's just not going to happen. As long as Republicans hold power in the House and the power of the filibuster, there's no way we're going to get any legislation through that will raise the cap. No. Way. It's their stated goal to dismantle and destroy the safety net, and social security can also be a cash-cow for them and their buddies at Wall Street. So why should they even think of wanting to raise the cap?
At least this proposal had something in it for the Republicans: cutting {costs to suppliers and health care professionals} in Medicare and a small cut as a rate of growth adjustment to Social Security. I mean, they are cuts, so that should've made them happy IF they meant it that they really want to save social security and Medicare for the future, right? But as we can see, that's just another Republican lie. I just hope more Republican voters will see it. They're the problem. Also, if we do nothing, according to the 2013 SSA Trustee's report, we're set to have a whopping 25% cut in BASIC BENEFITS come 2033. Now that is something the Republicans would LOVE to see. So now they do nothing and let the whole thing collapse in itself. Voila! Republican wet-dream realized.
I'm not so sure the president's proposal is dead just yet. As with the Public Option, although not mentioned in ObamaCare that passed as law and upheld as law of the land, the language for a public option had been there all along. The PPACA allows the U.S. Government to set up their own health insurance companies to compete directly with corporate-health-care-insurance . . . the public option.
As the NYT's reported {on page A23, no less} and the Heritage Foundation is worried about, the U.S. is set to sponsor health insurance that will be overseen by the very agency that oversees Federal employee health insurances. They have been working on this since June 2012 and I predict it will open in October 2013 when the health care exchanges are set to open.
So let's not write off this proposal just yet. Doing nothing to strengthen Social Security is no longer an option. We're running out of time.