Entitlements on the table?

Read recently that oldsters will roughly double from 35 million to 70 million by 2017, which makes me do a triple-take on statements like the section I bolded in this article. Is it factual that most dems will fight any cuts to social security and Medicaid entitlements ever?

Republican supercommittee member vows no cuts to entitlement benefits
By Mike Lillis - 08/18/11 01:09 PM ET
A Republican member of the powerful, deficit-slashing supercommittee vowed this week that the panel won’t touch benefits under Social Security and Medicare.

Rep. Fred Upton (R-Mich.), chairman of the House Energy and Commerce Committee, said it’s “critical” that current enrollees in those entitlement programs “not see benefit reductions.”

“It’s awfully hard to tell someone … who might be 82, that they’ve gotta go back to work, because their benefits are gonna be chopped,” Upton said Tuesday during a town-hall gathering in Kalamazoo, Mich. “That’s not gonna happen. We’re not gonna allow that to happen.”

Upton’s remarks highlight the nuanced nature of the hot-button debate over how to reform big entitlements and shore up finances.

As part of their 2012 budget blueprint, House Republicans proposed to cut benefits for future enrollees in both Medicare and Social Security — a proposal that drew howls from Democrats and proved widely unpopular in public opinion polls.

More recently, as part of the bipartisan talks over raising the debt limit, President Obama proposed to alter the formula for calculating Social Security benefits, which would have cut benefits for current enrollees.

Upton this week did not rule out the possibility that the supercommittee would scale back future benefits, instead emphasizing that current beneficiaries would not be affected by the panel’s deficit-cutting efforts.

Most Democrats, meanwhile, oppose benefit cuts even for future enrollees. That position was renewed this week by House Minority Leader Nancy Pelosi (D-Calif.), who vowed that the Democrats on the panel will work toward “creating jobs and reducing the deficit — while strengthening Medicare, Medicaid and Social Security, which are the priorities of the American people.”

Created as part of the package to raise the debt ceiling, the supercommittee is charged with identifying at least $1.5 trillion in deficit reduction before Thanksgiving.

Seniors advocates welcomed Upton’s remarks as a good sign leading into the high-stakes negotiations.

“We hope his public statement will encourage other supercommittee members and President Obama to similarly pledge to leave current beneficiaries alone,” Nancy Altman, head of the Strengthen Social Security Campaign, said Thursday in a statement.

http://thehill.com/...cuts?page=2#comments

Right now the number of people working vs retirees is about a 6:1 ratio. In twenty years this rato will be 3:1. This will create some real strain in the future. I’m 60 now and expect to be around at least for another 30 yrs but also realize as a self employed person that I’ll be working for awhile yet, but at least in my occupation I can cut back my hours, lower overhead, etc, etc.

Im crossing my fingers they dont change our retirement forumulas at work. Right now I can pull the pin when I am 52… I`ll probably double dip after that for 10 years…

Republican supercommittee member vows no cuts to entitlement benefits
By Mike Lillis - 08/18/11 01:09 PM ET
A Republican member of the powerful, deficit-slashing supercommittee vowed this week that the panel won’t touch benefits under Social Security and Medicare.

Rep. Fred Upton (R-Mich.), chairman of the House Energy and Commerce Committee, said it’s “critical” that current enrollees in those entitlement programs “not see benefit reductions.”

“It�s awfully hard to tell someone � who might be 82, that they�ve gotta go back to work, because their benefits are gonna be chopped,” Upton said Tuesday during a town-hall gathering in Kalamazoo, Mich. “That�s not gonna happen. We�re not gonna allow that to happen.”

http://thehill.com/...cuts?page=2#comments

But somehow it will be perfectly acceptable to tell someone who is 30 that they will have to work until they are 82 so that no current retirees have to bear any impact for their fiscal responsibility. And people act like Obama’s Death panels were a bad idea;)

This is what happens when we let a bunch of elderly people serve in Washington.

Here’s the CBO’s take on the future of SS:

http://www.cbo.gov/ftpdocs/123xx/doc12376/SocSecInfographic_print.pdf

If you want to dig deeper, there’s lots of data here:

http://www.cbo.gov/publications/bysubject.cfm?cat=11
.

**Most Democrats, meanwhile, oppose benefit cuts even for future enrollees. That position was renewed this week by House Minority Leader Nancy Pelosi (D-Calif.), who vowed that the Democrats on the panel will work toward “creating jobs and reducing the deficit � while strengthening Medicare, Medicaid and Social Security, which are the priorities of the American people.” **


Hold on…in reading about the supercommittee I would have sworn that they were tasked with cutting $1.5 trillion from the budget. Yet you have Pelosi here saying the panel will work toward ‘creating jobs and reducing the deficit while strengthening Medicare, Medicaid and Social Security…’. Is she just programmed with that response to every question? Because I could have sworn that this panel was formed specifically to reduce the deficit, not anything related to what she said they’ll do.

Second, taking the supercommittee out of the equation and just focusing on the quote: maybe the American people need a harsh dose of reality, maybe Congressional leaders need to show the public what a slippery slope of spending Social Security and Medicare have us on, maybe these hard truth’s need to either be accepted by the public or Congress needs to act responsibly for the first time.

Regardless, every word in the quote from Pelosi 1) has nothing to do with what the panel is tasked with doing, and 2) ignores the enormous, hot-pink elephant in the room that’s eventually gonna grow to be bigger than the house.

This supercommittee will be an “epic” failure. The cuts will all be superficial, spread over many years, and based on bad math and ridiculous assumptions.

Nothing will change at all.

There is no political will to change anything. Change will only occur when we face a collapse. It won’t be a complete chainpin style collapse, but close enough.

But somehow it will be perfectly acceptable to tell someone who is 30 that they will have to work until they are 82 so that no current retirees have to bear any impact for their fiscal responsibility. And people act like Obama’s Death panels were a bad idea;)

This is what happens when we let a bunch of elderly people serve in Washington.

Well said, although I think it’s as much about voters as it is about representatives.

I’m 52 and have resigned myself to having to work for another 30-40 years unless my retirement funds really turn around. I’d take 82.

They should be.

Here’s the CBO’s take on the future of SS:

http://www.cbo.gov/...nfographic_print.pdf

If you want to dig deeper, there’s lots of data here:

http://www.cbo.gov/...bysubject.cfm?cat=11]

 That's the world that you and i live in, but my question is whether most dems live in the alternate reality that Pelosi seems to inhabit.