Doubling down on stupid: As Medicare approaches BANKRUPTCY, Bernie & Co. want to expand it

By Jon Dougherty

One area where socialists — sorry, Democratic socialists — lack is in mathematics, and we’re not even talking the complicated stuff like algebra, trigonometry, and geometry.

They have trouble with simple arithmetic: Adding and subtracting. But we’re going to try to help them out.

Even as 2020 Democratic presidential contenders like “Red” Bernie Sanders, Kamala Harris, Elizabeth Warren, and the others push “Medicare for all,” which would be a massive expansion of government-run healthcare, Medicare and its close cousin, Social Security, are still going broke.

Both of these line items account for roughly 40 cents of every federal budget dollar spent in a fiscal year — 40 percent — and both are nearing insolvency. Every now and then Republicans pretend to be serious about curbing the growth of these programs, but those ideas tend to die quickly. Thus far, POTUS Donald Trump hasn’t made reforming both programs a priority (though he did try to get rid of Obamacare, believing that Republicans wanted to do so as well).

As for Democrats and their growing socialist faction, they’ve simply been living in denial, suffering from a deficit in math analysis — when they haven’t been outright lying about the few GOP attempts to bring needed changes to the programs so they don’t go belly-up and leave a generation of Americans or two with trillions more dollars’ worth of debt.

But per the government’s own bookkeepers, here is the grim truth:

The latest report from the government’s overseers of Medicare and Social Security show the financial condition of the bedrock retirement programs for middle- and working-class Americans remains shaky. Monday’s report paints a sobering picture of the programs, though it’s relatively unchanged from last year’s update. 

Social Security would become insolvent in 2035, one year later than previously estimated, with only enough money cover 80 percent of its obligations. Medicare is pointed toward insolvency even sooner, by 2026. But potential cuts such as curbing inflationary increases for Social Security, hiking payroll taxes, or raising the Medicare retirement age from the current 65 are so politically freighted and toxic that Washington’s power players are mostly ignoring the problem. 

If Congress doesn’t act, both programs would eventually be unable to cover the full cost of promised benefits. With Social Security that could mean automatic benefit cuts for most retirees, many of whom depend on the program to cover basic living costs. For Medicare, it could mean that hospitals, nursing homes, and other medical providers would be paid only part of their agreed-upon fees.

Meanwhile, again, 2020 Dems want to double down on the insanity. They want to dismantle what’s left of our free-market healthcare system (which isn’t much given Obamacare and decades’ worth of federal encroachment into the healthcare and health insurance industry via regulations and mandates) and make it all reliant on a failing, self-bankrupting system.

Notes Guy Benson at TownHall, “Medicare’s 2026 insolvency date aligns with the first midterm election of the next president, if Trump wins a second term.  We aren’t talking about decades from now; we’re talking about less than a decade from now.  And the consequences will be very real for beneficiaries and providers, both of whom would face painful cuts.”

And he notes that the cuts can’t be the traditional “Washington-style cuts” — that is, calling reductions in the growth of spending cuts. No, cuts mean just that — cutting the amount of spending for the programs overall, so that they don’t keep posting red ink year after year after year.

How dire is the situation, really? The government says:

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Social Security’s costs are expected to exceed its income in 2020 for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits. The improved forecast stems in part from the health of the labor market, which has boosted workers’ paychecks and fueled higher tax revenue. But the programs’ unsustainable long-term outlook is little changed from last year. By 2035, the trust funds for both programs will be depleted, and Social Security will no longer be able to pay its full scheduled benefits…

Here’s the problem with truly reforming the system, however: Any mention of doing so spurs Democrats into fabricating stories about Republicans throwing old people off cliffs and off their medicine and out in the streets, all with a great, big assist from the garbage “establishment” media. So instead of doing what is right for the country and future generations of Americans, Democrats keep us all on the Social Security/Medicare merry-go-round until both just go bankrupt.

POTUS Trump is the only president with enough intestinal fortitude to not only drag Congress kicking and screaming into reforming both of these socialist nightmare policies, but also has enough of a commanding presence in the media to fend off the anticipated Democratic lies.

It’s either now or never. And if it’s never, then our kids will never forgive us.

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3 Comments on "Doubling down on stupid: As Medicare approaches BANKRUPTCY, Bernie & Co. want to expand it"

  1. william chandler | April 23, 2021 at 6:00 pm | Reply

    “your” politicians are stealing your Medicare & Social Security
    Quit giving OUR money away to INVADERS - —
    Social Security is NOT an “entitlement”
    Social Security is YOUR money, that YOU put in & matched by your Employer which makes it all YOUR pay.
    Social Security is the Private PROPERTY of the Workers that PAID for it.
    Social Security is a TONTINE, a TRUST FUND.. American workers pay into it their entire lives through payroll deductions. Social Security payments are supposed to come from that fund. So why is Social Security needing an increase in the debt ceiling? Where did our money go? Of course, this is a rhetorical question. Starting with the Lyndon Johnson administration, the government “borrowed” the cash in the Social Security Trust Fund, replacing is with Treasury Bonds that the US Government is now unable to redeem. $3TRILLION dollars. The implications are obvious. Because the US Government cannot redeem those Treasury Bonds in the Social Security Trust Fund, the US Government is already in default against the American workers. The American workers’ money is gone. The US Government has effectively embezzled the retirement money ($2.6TRILLION+) of American workers. So, in borrowing money to replace the looted cash, the US Government is expecting future workers to pay for Social Security benefits that were already paid for once before, effectively double-billing We The People. To put it another way, the US Government just sold us an apple, but is forcing us to pay for two, and trying to look like this is wise fiscal management of the peoples’ retirement funds!
    Now sit down:
    This PIG has been living off YOUR future for 20 YEARS — and “your” politicians claim YOUR Social Security is “going broke”?!??! The Politicians STOLE it and GAVE it away
    . How many 100thousands ILLEGALS are living directly off YOU thanks to the politicians????

  2. “It’s either now or never. And if it’s never, then our kids will never forgive us.”
    Only we adults know this truth. The poor kids don’t have a clue, so YES, it is up to US to protect them, even if half of them have Millennial snowflaked brains. All we can hope for is that one day they WILL ALL wake up.

  3. Be kind to old Bernie because he is having such a difficult time trying to convince us that capitalism is so bad, and socialism is so much better. It was ironically funny to watch him in his FOX town hall meeting complaining that the rich do everything they can to avoid paying taxes, while trying to defend the low 26% tax rate he paid on his income last year. Bernie who is part of the evil 1% defended himself by stating that he simply took advantage of the tax breaks that were available to him. Bernie is too stupid to understand that he did exactly the same thing that the people he complains about did.

    Bernie has told us for years that we must fashion our society after the shining star of South America - Venezuela. My wife and I tried to make reservations with a travel agent for a trip to Venezuela and one of the things we wanted to see was their impressive zoos. We were heartbroken to learn that the zoo was closed because the starving people slaughtered all the zoo animals to feed their families. We cancelled our trip.

    At the FOX town hall meeting Bernie held up Finland as an example of how our health care system should work. Unfortunately Bernie and his handlers are too stupid to check the news once in awhile. On March 8, 2022 the government of Finland collapsed and the Prime Minister and his entire cabinet resigned in shame. Apparently Finland’s healthcare system is bankrupting the country, and the former government did not take any steps to reign in the soaring costs of healthcare.

    It would have been funny had the FOX moderator responded after Bernie held up Finland’s health care system and said; you know Mr. Sanders….. Finland dissolved their government a couple weeks ago over the crippling cost of their socialized medical system. Bernie can’t catch a break.

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