Headlines a plenty, and recent articles have all discussed the national issues facing this country, and the republican presidential debates have them front and center during prime time while both liberal and conservative media sources attack the opposing candidates. The super PACs pay millions for negative attack ads compounding the problem of dealing with facts.
To cut through the bull being tossed around as political rhetoric, we wanted to discuss some known facts with several key areas impacting our national budget — the first issue is Medicare.
As employees, we pay 1.45 percent of our wages toward Medicare, and employers pay another 1.45 percent. Fact.
In return, the federal government promises to pay our medical bills when we retire. Fact.
With the baby boomers moving into retirement and beyond, entering the most expensive phase of their life for medical costs, it is projected that our government will struggle to pay for these costs. Adding to the problem is GWB’s Medicare D unfunded component which has added billions more to our national deficit.
While the baby boomer generation is an already known fact for being the highest percent of our population, we now have millions of unemployed workers no longer paying their 1.45% share into the Medicare account. The current democrat and republican hopefuls all predict Americans will return to work and our economy will grow.
The republican hopefuls want to “honor our commitments” to the senior population and have attacked President Obama for his proposed cuts when we are facing severe budget deficits. They are even attacking the Affordable Care Act when it promises to reduce healthcare costs.
Quite frankly, we don’t have the money to cover the bills sent to the accounting office.
Projections of future growth is not a fact. If they all lower our taxes to fuel the economy and ease the burden on those suffering, and the economy doesn’t go anywhere, than we will have even less revenue to pay for our increasing medical bills.
Our country has some serious budget issues, and our anticipated Medicare bills are atop the list. Now is not the time for political games and maneuvering. We need real solutions based on facts, and our public servants on both sides need to end the political rhetoric and start providing some leadership.