ELDER PATRIOT – The Left has been successful in moving America closer to Marxism-Socialism because they have been able to convince people that those opposing their vision are nefarious actors who are conducting a war on their interests – a war on women, a war on poor people, a war of old people, the list is endless.
It’s a siren’s song that has led many groups to ignorantly but emotionally, vote against their own interests. And despite an apparent rejection of such nonsense by the voters, yesterday newly elected Senate Minority Leader Chuck Schumer showed that this strategy is not going to change under his leadership.
Almost as soon as President-elect Trump announced that Georgia Congressman Tom Price was going to be his Secretary of Health and Human Services, Schumer started his disinformation campaign intended to scare America’s senior population when he said, “It’s clear that Washington Republicans are plotting a war on seniors next year.” On what does Minority Leader Schumer base such scathing rebuke of Price?
Congressman Price has been an outspoken opponent of Obamacare. Unlike the Marxist ideologues who wrote the Affordable Care Act (Obamacare,) Price actually understands how the health care markets work and, unlike those ideologues, he wants solutions that empower and enrich the people and not the government.
Before running for office, Price spent twenty years in private practice as an orthopedic surgeon. He knows what is important to both sides in the doctor-patient relationship. As Chairman of the House Committee on the Budget and as a member of the House Committee on Ways and Means, Congressman Price knows as well as anyone just how unaffordable the Affordable Care Act has been and will continue to be.
Price is also a member of the Doctors Caucus, a group of 18 doctors whose purpose is to use their expertise of the health care industry to better shape public policy.
Frankly, it would be hard to find a better-qualified person inside or outside of government to come up with a solution to the runaway expenses of health care in America than Congressman Price.
That didn’t stop Senator Schumer from resorting to the same tired playbook that the Democrats have used to undermine far too many qualified candidates in the past.
Schumer took to the podium at the Senate Democratic Legislative Agenda press conference on Tuesday and said:
“After the 2004 elections, Republicans tried to take the rug out from under seniors to privatize Social Security. And now after the 2016 elections it seems they are intent on trying the same trick on Medicare. Just as their efforts failed then, they will fail now.
Okay Chuck, you want to use Social Security as an example of how you staunchly led the charge to protect our seniors? Let’s check the facts.
Since 2005, Social Security benefits have barely kept pace with inflation falling 2% short of doing so. CNBC reports that the cost of propping up even this modest payout has the program facing a $32 Trillion shortfall.
So what about Schumer’s claim that his party saved seniors from George Bush’s proposal to privatize Social Security? Had taxpayers chosen to invest in a broad based Dow Jones Industrial fund they would’ve seen a return on their money that was 51% greater than Social Security currently pays.
In real numbers the person receiving $1,000 in monthly benefits in 2005 would be receiving $1,840 in benefits today. Instead, that person is receiving $1,220 in monthly benefits today.
Over the average person’s expected 40-year working career the benefits from privatization exposes Schumer as the real enemy of our seniors and especially of our future seniors.
As an example let’s look at the family earning the average median income. That family has $639 in FICA taxes (Social Security) withheld and paid to the federal government every month. If, over the next forty years that family never received a raise and continued paying only that amount into a private account they would have accumulated $1.7 million for their retirement even if an artificially low interest rate (significantly less than any previous 40-year period of DJIA growth) were applied. More importantly, they would have ownership of that money and be able to pass it on to their heirs upon their passing.
That’s real money and real wealth.
Today, the costs of Medicare and its associated programs have overtaken Social Security in both annual expense and its annual shortfall. This is the system Schumer declared he is prepared to defend with all of his political might even though health savings accounts offers a similar opportunity for individual wealth accumulation over the course of a lifetime.
So why do Leftists in general and Chuck Schumer in particular always stand against private sector wealth development for individuals? The answer is simple they don’t care about solving problems and empowering people. They are only concerned with growing their voter base by increasing more peoples’ dependence on government.
With his deplorable record of stonewalling the creation of a wealth-based federal retirement system why would seniors now look to or trust Chuck Schumer to protect Medicare — or anything else?
Having been sharply rebuked in the November elections it appears that Chuck Schumer and the Democrats insist on doubling down on proselytizing for more government even as Americans have told them they’ve had enough of big government. Does this signal that there’s nothing else left in their arsenal?