Congress and the president are obtuse in regards to solving the problem of Social Security and Medicare.
Cutting Medicare and Social Security is not an answer to the country’s woes. A vast jobs program is the answer; thereby creating an internal economy that cannot be outsourced
This would restore the tax base that supported Social Security and Medicare. Remove the earnings cap on the Social security tax, which allows those who earn more than $117,000 to not pay into the fund on their additional earnings. This alone would solve the Social Security income shortfall
Unfortunately, only Sen. Bernie Sanders, I-Vt., has spoken out about the earnings cap.
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To fix Medicare, place a 0.05 percent tax on capital gains earnings of more than $250,000, allow Medicare to purchase pharmaceuticals at bulk rates and remove Medicare Part D from the hands of the private insurance industry.
These steps would go a long way toward keeping the program solvent. To do these things, we need to remove members of Congress who have supported unregulated and unstructured tax cuts for those who did not need them and had no intention of creating jobs in this country over the past 30 years.
Further, those congressmen voted to privatize as many public jobs and services as they could, which only served to impose fewer jobs with lower pay and no benefits. While this has made large profits for international corporations, it has been at the taxpayers’ expense.
Louis A. Mollica