"In any event, it will be interesting to see how this plays out. I am chomping at the bit to hear the details from the socialists on how to pay for single payer. Stay tuned folks - this show is about to get real good, real fast."
Like the sound of that? I sure would if I were stuck in a ObamaCare exchange with $1,400 monthly premiums, an $8,000 family deductible, and co-pays. What a back breaker! So the socialist faction of the Democratic Party has come up with a whopper of a solution - Medicare for every citizen. Heck, why should just the old farts get Medicare? Expect as we get closer to November, to hear that clarion call - over and over and over again.
Okay Bird - you stingy old man! What is wrong with Medicare for all? Well, money for one. Like (and I really hate to bring this one up), who is going to pay for it? Right now, Medicare is on pins and needles. The plan which FDR thought would be a springboard for something much better in fifty years, has turned out to be a lemon. And it is going broke at breakneck speed.
How broke? Like 2026 it will be out of money. Not totally, but more money will be going out than coming in. Then every year it will get worse. Did I mention that 2026 is only 7 1/2 years away? Now if (as an example), we threw millions of more of folks on the Medicare roles in 2019, I wonder what the new date would be? 2020? Maybe even 2019.
Folks on Social Security should not feel that smug. Even though in better shape, Social Security only has eight more years of life beyond what Medicare has. In other words, in 2034, the party is over. And that party could end quicker if the "universal income" folks get their way. I can see it now - in addition to Medicare for all, they would want Social Security for all.
Because I am getting up there in years, I remember stuff. This warning about Medicare and Social Security just not just happen - it has been going on for decades. "Some day, we are going to run out of money, and then there will be trouble". Yes, yes. Been hearing that for years. Well guess what? That some day is just a bit beyond than tomorrow.
The timing for these socialist nitwits could not be better. "Medicare for all!" the same time the Government is shouting "Medicare going broke!" However some socialists, like that gal from New York who just won her primary, have rock solid solutions - defund the military and tax the rich. Make the rich pay their fair share.
Fair share? Just to get this straight, according to Market Watch, the bottom 45% of income earners pay $0 federal income tax, and the top 1% pay almost half (according to CNBC). I guess I agree with the socialists. Everyone should pay their fair share. When I look at those stats, they certainly are NOT fair. Everyone paying 10% (as an example) would be fair. Or better yet, a Fair Tax (consumption tax).
In any event, it will be interesting to see how this plays out. I am chomping at the bit to hear the details from the socialists on how to pay for single payer. Stay tuned folks - this show is about to get real good, real fast.