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View Diary: Obama budget raises federal worker pension contributions but cuts pension payouts (82 comments)

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  •  No doubt his pension and that of his pals are (3+ / 0-)
    Recommended by:
    CitizenOfEarth, glattonfolly, Ramoth

    safe and sound.    

    Obama administration officials say Obama's proposal will help improve the financial stability of Medicare by reducing taxpayer subsidies for retirees who can afford to pay a bigger share of costs. Congressional Republicans agree with the president on this one, making it highly likely the idea will become law if there's a budget deal this year.

    --snip--

    IRS rules require people age 70-and-a-half and older to make regular minimum withdrawals from tax-deferred retirement nest eggs like 401(k)s. That was enough to nudge her over Medicare's line.

    --snip--

    But its biggest impact would come through inflation.

    The administration is proposing to extend a freeze on the income brackets at which seniors are liable for the higher premiums until 1 in 4 retirees has to pay. It wouldn't be the top 5 percent anymore, but the top 25 percent.

    "Over time, the higher premiums will affect people who by today's standards are considered middle-income," explained Tricia Neuman, vice president for Medicare policy at the nonpartisan Kaiser Family Foundation. "At some point, it raises questions about whether (Medicare) premiums will continue to be affordable."

    Slowly he turned.  Step by step.... Obamacare instead of Medicare for all until everyone is paying tribute to his corporate pals.  

    Why doesn't all the fuss over SS include Medicare?   How hard is to go from no cuts to Social Security to no cuts to Social Security/Medicare.    Not a criticism, a question.

    What we need is a Democrat in the White House.

    by dkmich on Sun Apr 14, 2013 at 05:18:14 AM PDT

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