Saturday, February 05, 2011

Social Security / Cuts are Off The Table !

Harry Reid: Social Security Cuts are “Off the Table” !
Senate Majority Leader Harry Reid (D-NV) said this week that cuts to Social Security are “off the table” Reid’s comments come as House Republican leaders have been cranking up the rhetoric about raising the retirement age and cutting Social Security. “This is a big indication that Harry Reid and other Democrats in the Senate will protect Social Security. GOP’s Medicare Privatization Efforts Continue: According to the Associated Press, months after they hammered Democrats for cutting Medicare, House Republicans are debating whether to re-launch their quest to privatize it. House Budget Committee Chairman Paul Ryan (R-WI) is testing support for his idea to replace Medicare with a fixed payment to buy a private medical plan from a menu of coverage options. GOP leaders will determine if the so-called voucher plan will be part of the budget Republicans put forward in the spring. Under Ryan's plan, those now 54 and under would get a fixed payment from the government when they become eligible at age 65. They would be able to use the voucher to buy a Medicare-approved private plan. The amount of the voucher would be based on total current Medicare spending and indexed to grow year by year thereafter. An Associated Press-GfK market research company poll last year found 51% opposed a voucher plan for Medicare, while 35% said they supported it. Opposition was strong among seniors and baby boomers. However, those born after 1980 favored the approach by 47% to 41%. “Rep. Ryan can try to dismantle Medicare, but seniors will not let him reach his goal !

No comments: