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View Diary: There is no generational divide on Social Security (127 comments)

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  •  conservatives are looters at heart. (1+ / 0-)
    Recommended by:
    Mr Robert

    from bernanke's confirmation:

    Citing legendary bank robber Willie Sutton, Bernanke said of the retirement and health care funds that are the legacy of the New Deal: "That's where the money is."

    [...]

    Bernanke reminded Congress that it has the power to repeal Social Security and Medicare.

    obama: we have done things that people don't even know about. (that's what i'm afraid of.)

    by stolen water on Sun Dec 19, 2010 at 08:13:41 PM PST

    [ Parent ]

    •  I want a credible cite (0+ / 0-)

      For this claim concerning Bernanke actually saying what you claim about SS and Medicare.  IN CONTEXT!

      •  it's easy enough to google, (0+ / 0-)

        my dear.

        obama: we have done things that people don't even know about. (that's what i'm afraid of.)

        by stolen water on Sun Dec 19, 2010 at 08:24:38 PM PST

        [ Parent ]

        •  Yup.. I founnd several (1+ / 0-)
          Recommended by:
          Zack from the SFV

          And I agree with Bernanke.  Something will have to be done about MEDICARE very soon.  And income taxes may have to be raised to redeem the bonds in the SS trust funds.  Congress has the powers to do what is necessary in any case.

          The solution to the Medicare problem is evident.  All persons that want to enroll in the Medicare insurance system paying full premium rates as based on costs should be allowed to do so.  Seniors would continue to get subsidized insurance just as now.  The premiums for the younger people can be cost plus 3 or 4% and it would be a good deal for everyone.  No force, no mandates, no problem.  As the MEDICARE pool increased to encompass a HUGE number of subscribers, the Medicare insurance company could almost dictate prices.  THAT IS HOW MEDICAL COSTS ARE MANAGED.

          Bernanke is a realist. He can see that MEDICARE is in very deep shit unless medical inflation can be controlled.  And Congress has the power to fix it.

          •  during the campaign (2+ / 0-)
            Recommended by:
            mimi9, Zack from the SFV

            obama promised to "allow medicare to negotiate for cheaper drug prices."

            no such provision was implemented in the healthcare legislation that just passed.

            obama: we have done things that people don't even know about. (that's what i'm afraid of.)

            by stolen water on Sun Dec 19, 2010 at 10:39:22 PM PST

            [ Parent ]

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