Tuesday, June 05, 2018

Check it out: Nancy Pelosi lied

I know, I was as shocked as you.  Today the Trustees for Medicare and Social Security said the trust funds were being depleted and we should do something.  Nancy Pelosi sprang into action to scare Grandma:
Responding to the new report, House Minority Leader Nancy Pelosi faulted to the GOP tax bill’s impact on declining tax revenues.

“The GOP tax scam’s massive, unpaid-for giveaways to the wealthiest 1 percent and big corporations have gravely undermined the future of Medicare and Social Security, and now Republicans want America’s seniors to pay the bill,” she said in a statement.
Of course, Medicare and Social Security are paid out of FICA taxes which were not affected by the recent tax reform plan.  Demagoguing entitlements is all Nancy has because she certainly has never advanced a plan to fix the problem despite yearly warnings from the Trustees.


Anonymous said...

Anyone speed-reading the article looking for words that begin with "Pelo-" zipped right past this:

The report itself also acknowledged that the tax bill’s health care changes are worsening the Medicare trust fund’s financial future, citing “the repeal of the individual mandate, which increased the estimate of the number of uninsured, in turn leading to a large increase in uncompensated care payments.”

You also skipped the good, good news! The article also quotes Steve Mnuchin saying that the tax cuts will generate enough money to pay for both programs in their entirety, and then some! Mnuchin looks like a nice mnan, and certainly not a mnendacious mnonster who'd just plain lie about the positive effects of their tax bill.

Roger Bournival said...

Question for Anonymous - how much money is actually being collected on the individual mandate? The phrase 'drop in a bucket' comes to mind.