The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31267
Likes: 52955


There are really only 3 areas that move the needle.... defense,


social security, and Medicare.

Defense should absolutely be reduced. We spend more than the next 10 countries combined and we are surrounded by 2 vast oceans and two friendly neighbors that pose no military threat to us.

Social security is a system that is largely self funded. Even accounting for projected changes in demographics, social security is projected to be 80-85% funded indefinitely with future contributions compared to future benefits. We probably need to tweak the benefit to contribution ratios going forward for higher earners and maybe gradually raise the retirement age (or at least reduce the early retirement benefits relative to the benefits at higher ages of drawing benefits)

Medicare is an area that needs reform. The average medicare recipient receives a benefit that is 3x what they paid in... and retirees are the wealthiest demographic on average. In reality, we need to increase medicare co-pays and premiums with means tested assistance fro those who can't afford it. Yeah right, good luck getting anything passed on that front. The bigger, longer term solution is Medicare for all which pulls a couple hundred million into the the pool, is funded by an employer paid payroll tax which supplants the employer cost of health insurance premiums. Medicare for all would coexist with private insurance plans which provide a higher level of reimbursement (and presumably level of care), but no one would go without at least basic insurance.

(In response to this post by Tuckahokie)

Posted: 12/29/2020 at 09:08AM



+14

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Current Thread:
  Fail post!!! Lying post!!!! ** -- DTsBicep 12/29/2020 1:02PM
  ^^^ triggered ** -- WaxHoo 12/29/2020 11:13AM
  And Dubya inherited a balanced budget to boot. -- Shenhoo 12/29/2020 11:13AM
  And Obama inherited a depression ** -- 111Balz 12/29/2020 12:39PM
  You’re such an idiot. ** -- 111Balz 12/29/2020 10:57AM
  Moved** -- 81_Hokie 12/29/2020 10:37AM
  Oh BS, you are a dedicated commie now -- TomKazanski 12/29/2020 11:05AM
  Remember sequestration? -- Quaker 12/29/2020 10:30AM
  You also looking at ss taxes paid in? -- BocaHoo91 12/29/2020 09:34AM
  Bigly ** -- BocaHoo91 12/29/2020 10:23AM
  Analysis of a simpleton ** -- HoodatB 12/29/2020 09:59AM
  WADR, that's a simplistic take. ** -- WahooKid 12/29/2020 09:42AM
  Sure. So do you want to cut social security? -- CMUHoo 12/29/2020 09:57AM
  Of course it is ** -- 111Balz 12/29/2020 09:48AM
  Not really. We have a social security tax that is -- BocaHoo91 12/29/2020 09:41AM
  I would LOVE to change SS to some degree -- Zhoo 12/29/2020 11:01AM
  But the one you're keeping "as is" is the most broken -- BocaHoo91 12/29/2020 11:13AM
  I think health insurance and medicare -- Zhoo 12/29/2020 11:20AM
  I've probably answered at least 60% of the time. -- ryno hoo 12/29/2020 10:04AM
  What have you done with the real Hokieesith?!? -- TomGlansAski 12/29/2020 10:04AM
  THIS ** -- HoodatB 12/29/2020 10:00AM
  THIS ** -- HoodatB 12/29/2020 10:00AM
  When you running Boca? ** -- HoosQ 12/29/2020 09:18AM
  Defense, defense, defense. ** -- HoosWillWin 12/29/2020 08:52AM
  #winning, hugely deficits, biggest deficits ever! ** -- FfxStationHokie 12/29/2020 08:50AM
  It was the biggest of all time BEFORE C19 and he -- DTsBicep 12/29/2020 09:27AM
  THIS THIS THIS !!! ** -- HoodatB 12/29/2020 09:56AM
  The King of Debt President (as advertised). ** -- Shenhoo 12/29/2020 08:37AM

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