Privatizing Social Security and Medicare

 

Not a good decision

It all started back in 2005 by George W. Bush. His State of the Union speech, centered around his belief to prioritise the New Deal’s guarantee of a dignified retirement. It became his number one priority. Back in 2005, then House of Representatives Minority Leader from California, Nancy Pelosi rejected the plan from Bush then, and is willing to begin all over again with President Trump after he takes his oath of office of the Presidency in January.
During the election campaign, Donald Trump swore to protect Medicare on the campaign trail, but now is compiling a list of privatizers, beginning with Paul Ryan who has been trying to gut Medicare and turn it into a fist full of vouchers beginning next spring. Then there is Georgia’s Congressman Tom Price who is be designated as Trumps Secretary of Health and Human Services. If you check history, Tom Price has a long history of wanting to slash Medicare and Medicaid and stands behind Paul Ryans plan to voucherize Medicare.

Will the Democrats fight again?

Here is a quote from Elizabeth Warren as she commented on the issue in 2005.

“The American people didn’t give Democrats majority support so we can come back to Washington and play dead. They didn’t send us here to wimper, whine or grovel. They sent us here to say no for efforts to sell Congress to the highest bidder. They sent us to stand up to what is right, and now they are watching, waiting and hoping, hoping that we show some spine, and start fighting back”

The Democrats fought and won. They were rewarded by voters. They picked up 31 seats in House in 2006, while Nancy Police became the House Speaker and Harry Reed became the Senate majority speaker.

It appears that the Republicans are already ready to pick a fight that they absolutely cannot win. The Democratic party built Social Security, Medicare and Medicaid that helped protect the American middle class.
Donald Trump is in the process of creating a Cabinet full of millionaires and billionaires and they will attempt to roll back all the gains created for the American middle class. If he is as wise as some may think, Donald Trump may veto any such plans for privatisation. But I wouldn’t bet money on it.

What is to come next regarding plans for Medicare from a totally Republican controlled Congress led by Donald Trump is not predictable. On one hand, Trump says that he will not allow Medicare to be prioritised, but on the other, he nominates people for Cabinet positions that want to prioritise Medicare. But to be sure, Donald Trump will loose his base overnight if he tries to mess with Medicare that helps the middle class. If Trump doesn’t realise that it would a very stupid thing to do, then I sincerely believe his political future will be in jeopardy, not to mention how stupid it is in the terms of economic management.
So essentially how they want to prioritise is to give everyone 401K’s, giving wall street the edge and our 401K funds will be dependent on the ups and downs on wall street.

Here is what President-Elect said in a speech he gave back on June 15, 2015…

“Save Medicare, Medicaid and Social Security without cuts. Have to do it. Get rid of the fraud, get rid of the waste and abuse, but save it. People have been paying into it for years, and now many of these candidates want to cut it. you save it by making the United States, by making us rich again by taking back all of the money that’s being lost.”

But Donald Trump reverses course on just about anything he says or promises. But if he even attempts to mess with Medicare or Social Security for that matter, it will be nothing less than a disaster in the making. The Democrats will come at this with everything they have and the political impact would have a incredibly negative effect against Trump.

So at first when I heard about some of the hires to be in Donald Trump’s Cabinet, I was alarmed, but all you have to do is go into the history books and look up George W. Bush and what happened to him when he tried to prioritise programs that would hurt the middle class.

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