Social Security

Mitch McConnell: Republicans are coming for your healthcare, Social Security, Medicare and Medicaid. Believe them. (Updated)

by

Republicans were supposed to run on their tax cuts. Instead, they’re running away from them. Only the Chamber of Commerce (naturally) is running ads thanking Republicans like Martha McSally for making permanent the deficit busting corporate welfare tax cuts for wealthy plutocrats that did not benefit the average American taxpayer. Republicans stunned to learn voters understand exactly what their tax cut did:

The reality is not in dispute. Around two-thirds of the benefits of the tax cuts went to those in the top quintile of taxpayers, with about 20 percent of the benefits going to the richest 1 percent. By 2025, when the cuts are fully phased in, the top 1 percent will get 25 percent of the benefits. (See details here.) The centerpiece of the plan, furthermore, was a gigantic corporate [welfare] tax cut. Republicans promised that this cut would produce a wave of investment and wage increases for workers, but so far the only wave that has resulted is a tsunami of stock buybacks benefiting wealthy shareholders, which is exactly what liberals predicted.

Those facts are available to anyone who might seek them out, but most people aren’t going to. What people do notice, however, is that their paychecks didn’t look much bigger after the tax cut. Maybe they’re getting a few more dollars a week, but it certainly wasn’t life-transforming.

Tax cuts are actually tax expenditures that are paid for by borrowing money. Tax cuts do not pay for themselves, despite the GOP’s insane adherence to faith based supply-side “trickle down” economics. All it does is explode the federal deficit. Republicans like to claim they are “deficit hawks” when a Democrat is in the White House, but the truth is they are actually deficit peacocks who really don’t care about the federal deficit, especially when a Republican is in the White House.

Read more

Martha McSally keeps lying about her healthcare votes

by

I pointed out in a post last week that Health care is the top issue, and GOP candidates campaign on the ‘Big Lie’ (snippet):

Polling shows that health care is the top priority for Americans, and that Democrats are winning among the segment of the electorate most worried about health care.

POLITICO reported this week about how Republican candidates are actually running ads saying that they support the pre-existing conditions provisions of the Affordable Care Act aka“Obamacare” even after every Republican incumbent in Congress has voted multiple times over a period of several years to repeal Obamacare and voted for House Speaker Paul Ryan’s plan to convert Medicare into a private system with vouchers (coupon care). They are running away from their Obamacare repeal votes by simply lying about it (looking at you Martha McSally). ‘Just ridiculous lies’: Dems incensed over misleading GOP ads on Medicare for All.

The Huffington Post reports Now it’s Senate candidate Martha McSally telling whoppers about her record on health care:

Health care keeps coming up in the approach to the 2018 midterms. And Republicans keep deceiving the public about it, because they are desperate to show that they didn’t try to strip away protections for people with pre-existing conditions when, in fact, they did.

On Monday evening, it was Martha McSally’s turn. McSally, GOP nominee for Arizona’s open Senate seat, currently serves in the House. Last year, she voted for her party’s bill to repeal the Affordable Care Act, including regulations that block insurers from discriminating against people with pre-existing conditions.

In a closed-door meeting on the day of the vote, McSally reportedly stood up and told colleagues that it was time to get this “f**king thing” done.

Screen Shot 2018-10-17 at 11.53.52 AM

Read more

Paul Ryan plots his final battle in the GOP’s war on the poor

by

The GOP’s alleged boy genius and Ayn Rand fanboy, Paul Ryan, “the zombie-eyed granny starver from the state of Wisconsin” who is leaving Congress at the end of his term — Dude, pack the moving van, I’ll come drive your shit back to Janesville for you this weekend! — is plotting his final battle in the GOP’s war on the poor. This evil GOP bastard can’t leave soon enough.

Politico reports, House GOP budget sets up massive safety net cuts, Obamacare repeal bid:

House Republican budget writers debuted an ambitious deficit-reduction plan Tuesday that would force GOP committees to cut at least $302 billion over a decade and potentially lay the groundwork for another repeal vote on Obamacare.

The GOP’s sweeping budget plan is the first step toward a filibuster-proof bill [under budget reconciliation rules] that could result in real reductions to popular programs like federal student aid or low-income family block grants.

It could also deliver on conservatives’ decades-old promise to rein in entitlement programs like Medicare and Medicaid.

Read more

Trump’s ‘trickle down’ tax cuts weaken the Medicare Trust Fund

by

President Donald Trump’s “trickle down” tax cuts for corporations and wealthy plutocrats is not meeting the GOP’s fiscal projections, and is now weakening the Social Security and Medicare Trust Funds. This is what happens to Medicare when you cut taxes but not spending:

On Tuesday, we learned what happens when Republicans trying to rein in government tackle the tax side of the equation but not the spending side.

The result: a Medicare program that is projected to run out of money just eight years from now, in 2026.

The latest annual report on the financial situation of Medicare’s hospital program (and Social Security), released yesterday by the programs’ trustees, led Democrats to slam the tax overhaul Republicans pushed through Congress mainly on their own last year.

That tax measure’s income tax cuts — combined with reduced payroll tax collections because of lowered wages last year — are the two main reasons for the worsening financial outlook for the part of Medicare that reimburses hospitals for caring for seniors and the disabled, per the report.

And there’s something else, too. The tax bill also ends the Affordable Care Act’s penalty for lacking health insurance (aka individual mandate). So hospitals will see more uninsured patients as some Americans presumably drop their coverage, in turn requiring the Medicare program to pay more for such uncompensated care, a senior government official told my colleague Amy Goldstein and other reporters yesterday.

Read more

House Speaker Paul Ryan, the ‘zombie-eyed granny starver from the state of Wisconsin,’ announces his retirement

by

I must admit that I am conflicted about today’s news.

Part of me wants to do my happy dance over the GOP’s alleged boy genius and Ayn Rand fanboy, House Speaker Paul Ryan, announcing that he will not seek reelection. This guy has been the media’s biggest darling and intellectual fraud of the past two decades.

But by quitting he deprives me of the sweet joy of seeing him defeated and humiliated, as he was in 2012 as the vice presidential nominee of Willard “Mittens” Romney. Vice President Joe Biden destroyed him in the VP debate. I want the catharsis of seeing Ryan defeated and humiliated because this insufferable asshole so richly deserves it. Good riddance.

On an eventful day such as this, it is time to check in with one of Paul Ryan’s harshest critics with which to celebrate, Charles Pierce at Esquire. Paul Ryan Will Retire as the Biggest Fake in American Politics:

It’s probably too much to hope that Speaker Paul Ryan, the zombie-eyed granny starver from the state of Wisconsin, will dedicate his retirement to public service the way that his immediate predecessor has.

Acreage Holdings (“Acreage”) (www.acreageholdings.com), one of the nation’s largest, multi-state actively-managed cannabis corporations, announced the appointments of former Speaker of the United States House of Representatives John Boehner and former Governor of the State of Massachusetts Bill Weld to its Board of Advisors.

Instead, he’s going back to Janesville to be the Dad he’s always wanted to be, home to his 5,786-foot Georgian mansion on Courthouse Hill, and its 13 rooms, six bedrooms and seven bathrooms, the little house on the Wisconsin prairie that Ryan was able to afford because he married money, the one that’s on the National Register of Historic Places. Paul Ryan has somehow amassed a fortune of between four and seven million dollars without holding any job except “Congressman” for the past 20 years.

Read more