Tuesday, August 24, 2010

GOP Targeting Social Security and Medicare Cuts

On Countdown tonight (without Keith), a guest, David Kay Johnston said that the Republicans are still fighting for their tax cuts for the rich. The Minority Leader, Mitch McConnell, has proposed paying for the tax cuts for the wealthy by "cutting other spending." Johnston said that the "other spending" Republicans want to cut includes Social Security and Medicare benefits. Johnston, the author of "Free Lunch," called the planned cuts by Republicans "bad economic policy."

Do you know anyone completely dependent on Social Security? What would happen to them if they lost 50% or 75% of their Social Security check? What would they eat? Where would they live? Not everyone has that extra savings put aside for retirement. McConnell, Boehner, Gingrich, Paul Ryan, Joe Barton, and other wealthy Republican members of Congress won't need to rely on Social Security to survive. Like it or not, there are millions of Americans that cannot live without the benefits of Social Security and Medicare.

Here is an excerpt from Social Security Works for Ohio (Link):
* 53 million beneficiaries – around one in four households—receive Social Security.
 
* 1 out of 3 Social Security beneficiaries is not a senior citizen.
 
* Almost two out of three seniors rely on Social Security for half or more of their income.
* The average Social Security benefit is less than $13,000 a year ($14,000 for retirees)....

**** Kasich still hasn't come up with any firm plans on how he'll fix Ohio's economic problems.  Kasich's long winded speeches are getting old fast.  
...when asked how much his tax plan would cost the state in terms of lost revenue, Kasich admitted that he has absolutely no idea, as the Toledo Blade reported...

Isn't that comforting?  When will Kasich unveil his masterplan? December?