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Originally Posted by HuskyMan
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That was an interesting read, thanks.
Of my father's generation, many of my older relatives and his friends still view LBJ as the devil incarnate for his role in the Vietnam War. And they view him as being responsible for ruining the economy and causing the inflation of the late 60's/early 70's by trying to pay for the Vietnam War AND his Great Society initiatives at the same time - Welfare in particular being spoken of in villainous terms.
On the face of it, sounds not unlike what GW and the R's pulled for 8 years - trying to pay for 2 wars, massive spending increases, the Medicare Prescription Drug "doughnut hole", and borrowing out the wazoo to pay for it.
These 3 programs - Medicare, Medicaid, and Social Security - and the way the government has administered them - and ran them trillions of dollars into the red with unfunded liabilities - Social Security itself has $2.5 trillion in IOU bonds from the federal government, and arguably has been one of the better ran government programs - is one of, if not THE main reason (at least in my case), that many people have heartburn with the current HC bill.
Given the track record of BOTH parties over the past 50 years, can you honestly blame anyone for being skeptical as to what's actually in this bill, that it's actually going to work, or even come close to the cost that's being quoted? I'd give it 2 chances - slim and none.
FYI, as far as Social Security, for the past 20 years I've been basing my retirement plans on the premise that SS is NOT going to be there when I'm of retirement age in another 15 to 20 years - beginning to look as if that was a wise decision, based on their balance sheets.