It took courage for Congress to pass Social Security and Medicare, which eventually became highly popular, she said, "and many of the same forces that were at work decades ago are at work again against this bill."
I personally wouldn't be bragging upon Social Security and Medicare being "popular". Popular is BILLIONS OF DOLLARS in red ink that Medicare already cost us. Social Security currently brings in more in taxes than it pays out, but that only helps offset the burden of Medicare.
People talk about the "Social Security/Medicare Trust Fund"... There is no Trust Fund, in the generic sense. That "Trust Fund" was depleted YEARS ago and today, simply exist in the form of US Treasury IOUs. That is correct, the government owes itself money, but for the basis of accounting, considers the "Trust Fund" to have some magic form of wealth. Simply put, when the "Trust Funds" run out is when those pieces of paper can be put in a shredder.
By that time, those programs, without severe cuts, reductions, or adjustments to them, will virtually BANKRUPT the US Governement.
So Speaker Pelosi wants us to add another socially welfare-like program to the accounting books? YEAH! Let's enact that POPULAR healthcare reform, so the Democratic Party can play tidly winks and be POPULAR with the people. Sound like high school much?
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