Andy Griffith's new role: pitching health care law
WASHINGTON (AP) - Actor Andy Griffith has a new role: pitching President Barack Obama's health care law to seniors in a cable television ad paid for by Medicare.
The TV star - whose role as sheriff of Mayberry made him an enduring symbol of small-town American values - tells seniors that "good things are coming" under the health care overhaul, including free preventive checkups and lower-cost prescriptions for Medicare recipients.
Polls show that seniors are more skeptical of the health care law than younger people because Medicare cuts provide much of the financing to expand coverage for the uninsured.
Medicare says the national ad is not political, but part of its outreach to educate seniors about new benefits available next year. Griffith is 84.
Gee Sheriff what’s great about the fact Medicare, Medicaid and Social Security are bankrupting this country. I think I got to use some pictures to help you.
Social Security versus Medicare. Politicians and the media focus on Social Security's financial health, but Medicare's future liabilities are far more ominous, at more than $89 trillion. Medicare's total unfunded liability is more than five times larger than that of Social Security. In fact, the new Medicare prescription drug benefit enacted in 2006 (Part D) alone adds some $17 trillion to the projected Medicare shortfall - an amount greater than all of Social Security's unfunded obligations.
Future Payroll Tax Burdens. Currently, a 12.4 percent payroll tax on wages funds Social Security and a 2.9 percent payroll tax funds Medicare Part A (Hospital Insurance). But if payroll tax rates rise to meet unfunded obligations:
•When today's college students reach retirement (about 2054), Social Security alone will require a 16.6 percent payroll tax, one-third greater than today's rate.
•When Medicare Part A is included, the payroll tax burden will rise to 25.7 percent - more than one of every four dollars workers will earn that year.
•If Medicare Part B (physician services) and Part D are included, the total Social Security/Medicare burden will climb to 37 percent of payroll by 2054 - one in three dollars of taxable payroll, and twice the size of today's payroll tax burden!
Thus, more than one-third of the wages workers earn in 2054 will need to be committed to pay benefits promised under current law. That is before any bridges or highways are built and before any teachers' or police officers' salaries are paid.
Impact on the Federal Budget. The combined deficits of both programs now require about 14 percent of general income tax revenues [see Figure I]. As baby boomers begin to retire, however, that number will soar, and it will be increasingly difficult for the government to continue spending on other activities. In the absence of a tax increase, if the federal government keeps its promises to seniors and balances its budget:
•By 2020, in addition to payroll taxes and premiums, Social Security and Medicare will require more than one in four federal income tax dollars.
•By 2030, about the midpoint of the baby boomer retirement years, the programs will require nearly half of all income tax dollars.
•By 2060, they will require nearly three out of four income tax dollars.
Impact on Federal Revenues. On average, every year since 1970, Medicare and Medicaid spending per beneficiary has grown 2.5 percentage points faster than per capita Gross Domestic Product (GDP). In the future, Medicare spending may rise even faster than the Trustees estimate. According to the Congressional Budget Office (CBO), if Medicare and Medicaid spending continues growing annually at 2.5 percentage points above GDP growth:
•By 2050, Social Security, Medicare and Medicaid (health care for the poor) will consume nearly the entire federal budget.
•By 2082, Medicare spending alone will consume nearly the entire federal budget.
Can Higher Taxes Solve the Problem? The CBO also found that if federal income tax rates are adjusted to allow the government to continue its current level of activity and balance its budget:
•The lowest marginal income tax rate of 10 percent would have to rise to 26 percent.
•The 25 percent marginal tax rate would increase to 66 percent.
•The current highest marginal tax rate (35 percent) would rise to 92 percent!
Additionally, the top corporate income tax rate of 35 percent would increase to 92 percent
The programs are not stainable so what does B Hussein Obama and liberals like you do…let’s add millions to the program. I point out these are the numbers without Obamacare added in.
Andy, you won’t have to pay for this abomination. One, your rich and liberal, so you don’t have to worry about paying for medical care or death panels, excuse me, Medicare review panels. Two, quite frankly you are long in the tooth and your time is rather limited. You won’t see this disaster come to full execution. But I would think you would care about your kids and grand children, not to mention your country.
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