{"id":1717718,"date":"2022-10-31T08:02:40","date_gmt":"2022-10-31T12:02:40","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1717718"},"modified":"2022-10-31T08:03:49","modified_gmt":"2022-10-31T12:03:49","slug":"joe-biden-is-lying-to-americans-about-medicare-and-social-securitys-insolvency","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/joe-biden-is-lying-to-americans-about-medicare-and-social-securitys-insolvency\/","title":{"rendered":"Joe Biden Is Lying To Americans About Medicare And Social Security\u2019s Insolvency"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjoe-biden-is-lying-to-americans-about-medicare-and-social-securitys-insolvency%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1717718&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A dozen years ago, Democrats faced a dilemma. A long-term care entitlement known as the CLASS Act that they added to what became Obamacare faced serious solvency concerns. But after Scott Brown, R-Mass., won a shock Senate victory for Republicans in a January 2010 special election, ending Democrats\u2019 filibuster-proof majority, Democrats didn\u2019t have the votes to alter the CLASS Act or remove it from Obamacare.<\/p>\n<p>What did Democrats do? The Obama administration suppressed the internal documents showing that the CLASS Act wouldn\u2019t work. (I and Republican staff colleagues later obtained these documents, compiling them into a <a href=\"https:\/\/www.thune.senate.gov\/public\/_cache\/files\/f03d8200-bfa4-4891-8a4c-aa78a54e2de0\/C36C5CAFE5E1079F63B5508E247BC5C1.class-untold-story.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">report<\/a>.)<\/p>\n<p>Democrats also convinced many in the disability industry to support Obamacare, in no small part by arguing that the CLASS Act would benefit them \u2014 even though many, if not most, Democratic policymakers realized the program contained too many structural flaws ever to get off the ground. The Obama administration eventually <a href=\"https:\/\/aspe.hhs.gov\/reports\/report-actuarial-marketing-legal-analyses-class-program\" target=\"_blank\" rel=\"noreferrer noopener\">admitted just that<\/a> \u2014 18 months after the law passed.<\/p>\n<p>It was one of the more cynical stunts I have seen in my time in Washington of exploiting a vulnerable community by selling them false hope. But in some ways, it echoes the tactics President Biden is using in a likely futile attempt to avoid an electoral wipeout on Nov. 8.<\/p>\n<p> <strong>Selling People a Lie<\/strong> <\/p>\n<p>In a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2022\/10\/21\/remarks-by-president-biden-on-historic-deficit-reduction\/\" target=\"_blank\" rel=\"noreferrer noopener\">recent speech<\/a> that more closely resembled a harangue, Biden attacked \u201cmega-MAGA trickle-down\u201d economics. He inveighed against Republican lawmakers who he claimed will \u201cthreaten the full faith and credit of the United States for the first time in our history, putting the United States in default unless \u2014 unless we yield to their demand to cut Social Security and Medicare.\u201d He followed up by proudly proclaiming, \u201cI will not cut Social Security. I will not cut Medicare, no matter how hard they work at it.\u201d<\/p>\n<p>By claiming he will never reduce Medicare or Social Security spending, Biden is trying to sell the American people a lie \u2014 the lie that either program can last without significant changes. Medicare is <a href=\"https:\/\/thefederalist.com\/2022\/06\/10\/fact-check-medicare-is-already-functionally-insolvent\/\" target=\"_blank\" rel=\"noreferrer noopener\">already functionally insolvent<\/a> and faces a cash crunch that will see the program officially unable to pay its bills within six years. That could happen even sooner if an impending recession lowers the amount of payroll taxes going into the program\u2019s trust fund. Social Security faces similar solvency issues soon afterward.<\/p>\n<p>If you need any additional convincing that our entitlement programs need fixing, consider this quote: \u201cIf you look at the numbers, then Medicare in particular will run out of money and we will not be able to sustain that program no matter how much taxes go up. I mean, it\u2019s not an option for us to just sit by and do nothing.\u201d<\/p>\n<p>That quote comes from, of all people, Barack Obama, in a <a href=\"https:\/\/obamawhitehouse.archives.gov\/the-press-office\/2011\/07\/11\/press-conference-president\" target=\"_blank\" rel=\"noreferrer noopener\">2011 press conference<\/a>. Yet what have his vice president and the rest of his party done to fix the problem? Not just nothing \u2014 worse than nothing.<\/p>\n<p> <strong>Destroying Medicare, in Three Simple Steps<\/strong> <\/p>\n<p>Thus far, Democrats\u2019 \u201cplan\u201d for Medicare has consisted of the<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Biden and his cronies line their own pockets, ordinary voters will get hit the hardest by Democrats\u2019 debt denial.<\/p>\n","protected":false},"author":521,"featured_media":1717721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[546],"tags":[],"class_list":["post-1717718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1717718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/521"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1717718"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1717718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1717721"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1717718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1717718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1717718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}