Archive for retirement

Challenge: Let Young, Middle-Aged Tea Partiers Pay Their Own Cash for Parents' Medical Care and Retirement

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challenge battle of wits unarmed

Your Daily Dose of BuzzFlash at TruthOut, via my pal Mark Karlin:

[T]he Affordable Care Act (ACA) limits insurance company to spending 15% for administrative overhead. The ACA is going to also attempt to limit insurance company profit. ... Although the jury is still out, many studies thus far are already predicting -- due to its cost control measures -- that the Affordale Care Act should actually lessen the cost of medical care in the United States.

But here's the BuzzFlash at Truthout challenge, which we have mentioned before: if you are young or on the younger side of middle age, you can be responsible, in cash (without relying on any government assistance whatsoever), when your parents become ill. [...]

So let their children who might balk at the Affordable Care Act pay for their mom and dad's healthcare if there is no ACA. Also, let that young person who doesn't currently have insurance, but can afford it, sign a legal document that they will not use any government funds if they become ill or have a serious accident.

Let's go a step further and challenge those Tea Partiers and Republicans and some Democrats who want to cut back on Social Security and Medicare. (After all, "the grand bargain" proponents use the same strategy of telling young workers that they will be paying into Social Security at a higher rate in order to cover the aging population.)  You and those who agree with you must first sign a similar legal document that declares that you will support your parents and supplement their meager Social Security incomes as the government cuts back the checks that they earned as they worked toward retirement. [...]

And when these young or under-50 haters of the federal government complain that they are bankrupt from paying for medical care and their parents' stay in the nursing home, just tell them to -- in the colloquial -- shove it.

Please read the entire post here.

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Must-Read: Personal debt that enriches Wall St. -- NOT national debt -- is greatest threat to retirees

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must read

Your Daily Dose of BuzzFlash at Truthout, via my pal Mark Karlin:

Whenever the elected political tools of the oligarchs trash Social Security, they tout 401(k)-type accounts and voluntary retirement savings programs. [...]

...WP article is entitled, "Most Americans accumulating debt faster than they’re saving for retirement":

A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation’s troubled system for old-age saving, a new report has found....

[...]

So the problem facing even non-Social Security dependent retirees (who have earned their checks by paying into the fund) is due to personal debt not national debt. What people owe money on are non-government expenses such as college, housing, cars, credit cards, etc.  This is private indebtedness that is contributing to a looming personal retirement shortfall of funds.

Ironically, Social Security is one of the few programs that is keeping most seniors from economic impoverishment, as meager as the average monthly check is.  [...]

Since the Reagan era, wages have been relatively stagnant in the United States as debt has risen.  It is indeed this growing personal (again not national) debt that has been a primary source of profit for the banks too big to fail.  Persons who owe large amounts of money are paying off interest at often exorbitant sums (think credit cards) while in many cases barely scratching away at principal.  This is all easy money for banks that are paying out literally .01 % on savings accounts. [...]

So, let this WP article be a mini-lesson on what the oligarchy and their minions on the Hill, such as Paul Ryan, have been up to. Since the Reagan era, they have been promoting policies that increase personal debt while stagnating wages (except for themselves, of course).  In turn, a likely majority of the 99% has to go into debt and borrow money at high interest rates, while those who save receive virtually no interest on their savings.  This, in turn (except for Social Security) limits what they can save for retirement.

Then the financial titans sponsor think tanks and give campaign contributions to blame "entitlements" for all the personal indebtedness which has fueled their profitsSo, if a "grand bargain" of Social Security and Medicare cuts are enacted, the elderly become indebted and poorer, while the Wall Street barons make even a greater profit from increased borrowing as the national debt is lowered in the name of "austerity" (without revenue increases in the form of higher progressive taxes on the rich).

Please read the entire post here.

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Cartoons of the Day- The GOP's Class Warfare

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classwar2

Chan Lowe

classwar

David Horsey

classwar1

Cameron Cardow

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John McCain: "I don’t want to be one of these old guys that should’ve shoved off.” Too late.

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overstay your welcome

John Sidney McCain is a 27-year veteran of the Senate. He's run for president and lost. He's gone from "maverick" to tea party suck-up to tea party critic and back to maverick. He inexplicably failed to thoroughly vet tea party darling Sarah Palin and chose her as his cringe-worthy running mate, apparently oblivious to her ineptitude and loonitude. He wants to bomb-bomb-bomb just about everyone, and has been a fixture for so long that his latest policy position pendulum swing is to actually legalize weed.

In other words, he's been around a long, long time and has committed the political crime of overkill, but somehow he's oblivious to that, too.

The Wrap did an interview with Grampy McCain, and The Hill has highlights. The Hill's headline is "McCain hints at retirement in 2016":

“The president and I, he's in his last term, I'm probably in mine, the relationship we have had over the past three years is quite good,” McCain told The Wrap in an interview. “Quite good."

The 77-year-old's current term is up in 2016. When asked if this would really be his last term, McCain backtracked a bit.

“Nah, I don’t know,” McCain said. “I was trying to make a point. I have to decide in about two years so I don’t have to make a decision. I don’t want to be one of these old guys that should’ve shoved off.”

Then he felt the need to clarify in a tweet:

mccain tweet reelection decision

So those rumors about McCain's impending retirement can be... retired. At least for now.

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Even though she's retiring, Bachmann still fundraising on her campaign website saying Dems "trying to defeat her"

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bachmann close up smaller

Here is what you see if you click on Michele Bachmann's campaign's donation page:

bachmann donation page

Obama and the Democrats are targeting Michele for speaking out against their extreme liberal agenda. They will do, say and spend whatever it takes to defeat her.

Please make a secure online contribution today to help defend Michele and the conservative values we share!

That would be the same Michele Bachmann who said she won't run for re-election.

The very same Michele Bachmann who frequently finds herself in hot water (Can Michele pray this away? FEC fines Bachmann $8,000 for 2010 campaign finance violations).

Why does she still have her hand out? Targeting Michele for what? Getting into ethical and legal trouble? Embarrassing herself? Retiring? Being herself? Here's an idea, Michele: Stop drawing those bullseyes and we'll stop aiming.

Still, you never know what she's capable of; after all, there's always the Senate, right?

eek!

But with all the baggage she's lugging around, a Senate run seems unlikely... or does it?

Smart Politics:

Nearly two weeks after announcing she would not seek a 5th term from Minnesota's 6th Congressional District, Republican Michele Bachmann's congressional campaign website is still locked and loaded to take in money. [...]

Bachmann has not officially ruled out another campaign in the current 2014 cycle or beyond - recently telling FOX's Sean Hannity, "I may run for another public office."

However, since her retirement announcement, Representative Bachmann has not issued a tweet on her campaign Twitter account, a press release on her campaign web site, or a post on her campaign Facebook account.

How can we stop targeting you miss you if you won't go away?

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NOOOO!!! Minn. Rep. Michele Bachmann says she won’t run for re-election in 2014- Video

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tempertanrum1

Let me make it clear that I don't want her to serve, but she's just too good of a story generator to lose. Whattaya think? Marcus headed for "ex gay" therapy and she's just trying to get ahead of the story?

WASHINGTON — Minnesota Rep. Michele Bachmann, a conservative firebrand and a favorite of tea party Republicans, said Wednesday she will not run for another term in the U.S. House.

Bachmann, who ran for the Republican presidential nomination last year, announced her decision in a video on her website.

“My decision was not influenced by any concerns about my being re-elected,” Bachmann said. She narrowly won a fourth term in 2012 over Democrat Jim Graves, a hotel chain founder who is running again in 2014.

Bachmann also said, “This decision was not impacted in any way by the recent inquiries into the activities of my former presidential campaign.” In January, a former Bachmann aide filed a complaint with the Federal Election Commission, claiming the candidate made improper payments to an Iowa state senator who was the state chairman of her 2012 presidential run. The aide, Peter Waldron, also accused Bachmann of other FEC violations.

Bachmann had given few clues she was considering leaving Congress. Her fundraising operation was churning out the regular pitches for the small-dollar donations that Bachmann corralled so well over the years, and she had an ad running on Twin Cities television talking about her role in opposing President Barack Obama’s health law.

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Montana's former governor, Brian Schweitzer, will consider campaign to replace Max Baucus

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Brian Schweitzer

As Paddy posted earlier, Max Baucus (D-Montana) decided to retire rather than seek re-election in 2014. Buh-bye now.

And hopefully, hello to former Democratic Montana Gov. Brian Schweitzer. He told The Hill he'd consider running for Baucus' Senate seat. However, we'll have to wait at least a week or two before we know for sure, because he won't decide until after May 2.

"I'm the kind of guy that, when I see a broke-down pickup, I'll get out with my tools and try to fix it, and I can tell you looking at Washington, D.C., from Montana, there is no bigger broke-down pickup than the Senate in Washington, D.C.," Schweitzer said in an interview, when asked if he was looking at a run to replace Baucus, who announced his retirement Tuesday morning.

Spot. On.

"I'm not ruling anything out, or anything in, but I can tell you right now I'm focused like a laser … I'm focused on the mine, on climbing that mountain... Then I'll take a deep breath; I'll take a look around [at the Senate race]. And when you're standing on a mountain in Montana, you can see a long ways... You can't see where I'm leaning. I'm leaning looking out the window here in the mountains."

Oh come on, rule in! Lean toward a run!

We need someone who would be an improvement over Baucus. (At this point it seems anyone would be.) Remember, ConservaDem Baucus worked with the GOP to co-write the infamous Bush tax cuts and Medicare prescription plan.  He also voted against some Democratic social issues, and he was one of only four Democratic "No" votes on the Manchin–Toomey amendment to extend background checks to private gun sales.

Schweitzer's approvals were good when he left office. Public Policy Polling had him at 56 percent in February, with 37 percent disapproving. He's our best shot.

By the way, here's an interesting tidbit from Dave Weigel:

A key Baucus staffer during that race was Jim Messina, better known now as the 2012 campaign manager for Obama-Biden.

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