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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Manchin just cracked.  He’s now set the stage to negotiate a deal on reconciliation.  It will definitely come down a lot.  I predict it lands somewhere between $2T-$2.5T.  A lot of the climate stuff will get chucked or watered down.  Both the BIF and reconciliation will pass by the end of October.[/quote]

He didn't crack. He waved a contract he signed with Schumer THREE MONTHS AGO that stating the bill would be no more than $1.5 Trillion. Someone call AOC and tell her to purge her wish list and move on. She's been out-flanked by real politicians.

[twitter]https://twitter.com/JStein_WaPo/status/1443610805975519235[/twitter]

[/quote]

Schumer didn't lie, he just had to put on a dog & pony show in front of the cameras for the Green New Deal contingent.

$1T bipartisan infrastructure + $1.5T for green tech + social infrastructure is still A LOT of spending. I love to see it![/quote]

Yeah. I like this = the priority is physical infrastructure and addressing climate change and THAT'S IT. Fantastic. Take your welfare programs up in a separate bill on a separate vote instead of trying to hide it under CC and Infrastructure.[/quote]
“Welfare programs.”

I don’t understand why some of you are so virulently opposed to economic progress. We have tried it the GOP way, for decades, and it was crazily successful for a small sliver of people and absolutely detrimental to others. [/quote]

Economic progress? A free handout you mean. Meanwhile there's threads on the real estate forum snearing at the homeless because they'd dare appear in your eyesight while you enjoy a mall or a park.

Please. Prices are rising for the poorest in the aisles of the grocery stores nationwide because of these handouts. Enough.

https://www.dcurbanmom.com/jforum/posts/list/0/1004354.page[/quote]

Oh are you in favor of getting rid of the carried interest loophole? How about Medicare? [/quote]

I'm in favor of keeping the programs as they are, shorting up support for things like Social Security and the ACA, and moving on. No wishlist items of half a dozen new programs the progressives threw in like we wouldn't notice they ballooned the cost of the programs by $2 Trillion.[/quote]

Why are you in favor of the radical socialist programs like social security, Medicare and the ACA?[/quote]

You mean the ones that already exist and are currently so low on funds that they may not be solvent?

[twitter]https://twitter.com/cnbc/status/1432777142534873089[/twitter][/quote]

I work for SSA, and this is not accurate. It is definitely  solvent. The question is, for how long.  Obviously, FICA taxes went down significantly during COVID. Less $ in, same beneficiaries. The insolvency moves a year closer. I was surprised it wasn’t worse.  But, these are all projections.  We won’t eat COVID levels forever. We hit a boom year, and we add a year or two to the projection that doesn’t mean social security is suddenly saved.

Understand two other things:

One, demographics are in SSA’s favor. In 20 years, Gen X will be Boomers will be dead for the most part and Millineals, which is a much larger generation than Gen X, will be at peak earning years.  That will help a lot.

Two, “insolvent” doesn’t mean checks stop.  It mean we can’t pay full benefits.  Instead, it would be 85-90%. Again, projections change. There are two ways to stabilize the trust fund— more money in or less money out. So, either raise FICA or lower benefits. If we hit insolvency without raising FICA, the decision is made.  Benefits will be cut 12% or 15% or whatever the figure is.  Functionally, that is no different than Congress voting to lower benefits

I’m not saying it’s not a problem. Just be clear about what the problem is.

Also: here’s what is a problem: the disability trust fund really is almost insolvent. [/quote]

Okay, thank you for addressing this and putting out an informative analysis. Now - say that someone on SS is only get 85% of benefits and they were expecting a check of $1,250. Knowing that inflation is the highest its ever been - groceries are sky high, gas is sky high, medicine is sky high, rent is sky high - how are these people, who were depending on a full check and suddenly getting $900 or $800 - supposed to live?

A payment less $100 for a senior on no income means choosing between heat in the winter and food. This isn't free money. They've paid into these benefits with their jobs their whole lives. And the government [i]knows[/i] that the full benefits are not coming. Yet they want to spend more on new programs when old programs and critical benefits are being cut?

This makes no sense to me. At all. [/quote]

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