Round 5

RaceBannon

https://foxbusiness.com/money/coronavirus-stimulus-plan-could-include-social-security-fix


As Congress and the White House intensify negotiations on the fifth round of emergency coronavirus aid, a bipartisan group of senators is hoping the relief package will include a controversial proposal to fix diminishing funds for Social Security, Medicare and the nation's highways.

This week, Sen. Mitt Romney, R-Utah, and 14 co-sponsors introduced the TRUST Act, or the Time to Rescue United States' Trusts Act, to be included in the next stimulus legislation. It's an updated version of a bill that Romney introduced in 2019.

“Among its many devastating effects, COVID-19 has threatened the fiscal health of essential programs like Medicare and Social Security,” Romney said in a statement. “If Congress does not respond quickly, the day of insolvency for these programs will now come years sooner than expected."

The proposal would require the Treasury Department to deliver a report on the solvency of the trust funds by January 2021.

Congress would then be charged with creating bipartisan "Rescue Committees" to come up with plans to restore the solvency of the trust funds. Each group would include at least two members from each party. The goal would be to come up with legislation to create a plan to bring the funds back to solvency; bills advanced from the committees would be expedited for consideration by the House and Senate.

Although the bill has bipartisan support, some advocacy organizations for retirees have attacked the proposal as a Republican attempt to cut Social Security.

“The TRUST Act creates a closed-door process to fast track cuts to Social Security. It is a way to undermine the economic security of Americans without political accountability," said Nancy Altman, president of Social Security Works.


We fucked. Set up a committee to set up a commission to report sometime on legislation that is dead on arrival


By the way, ROUND 5????? Maybe open it up and risk catching that cold

RoadTrip

RaceBannon said:

https://foxbusiness.com/money/coronavirus-stimulus-plan-could-include-social-security-fix


As Congress and the White House intensify negotiations on the fifth round of emergency coronavirus aid, a bipartisan group of senators is hoping the relief package will include a controversial proposal to fix diminishing funds for Social Security, Medicare and the nation's highways.

This week, Sen. Mitt Romney, R-Utah, and 14 co-sponsors introduced the TRUST Act, or the Time to Rescue United States' Trusts Act, to be included in the next stimulus legislation. It's an updated version of a bill that Romney introduced in 2019.

“Among its many devastating effects, COVID-19 has threatened the fiscal health of essential programs like Medicare and Social Security,” Romney said in a statement. “If Congress does not respond quickly, the day of insolvency for these programs will now come years sooner than expected."

The proposal would require the Treasury Department to deliver a report on the solvency of the trust funds by January 2021.

Congress would then be charged with creating bipartisan "Rescue Committees" to come up with plans to restore the solvency of the trust funds. Each group would include at least two members from each party. The goal would be to come up with legislation to create a plan to bring the funds back to solvency; bills advanced from the committees would be expedited for consideration by the House and Senate.

Although the bill has bipartisan support, some advocacy organizations for retirees have attacked the proposal as a Republican attempt to cut Social Security.

“The TRUST Act creates a closed-door process to fast track cuts to Social Security. It is a way to undermine the economic security of Americans without political accountability," said Nancy Altman, president of Social Security Works.


We fucked. Set up a committee to set up a commission to report sometime on legislation that is dead on arrival


By the way, ROUND 5????? Maybe open it up and risk catching that cold

I thought this poast would be about WW5.

RaceBannon

If we are on round 5 how come I only got one check?

HoustonHusky

Is there anything Romney isn’t a spineless weasel about?

greenblood

“If Congress does not respond quickly, the day of insolvency for these programs will now come years sooner than expected."

This pisses me off. First, it shows that the government knows it's going to go insolvent, and second, had the government not spent years stealing from it, we wouldn't be in this predicament anyway.

WestlinnDuck

The dems win, then the problem is fixed. Just raise the hell out of taxes and then spend the money on bailing out Cali and Illinois pensions and call it good.

NorthwestFresh

WestlinnDuck said:

The dems win, then the problem is fixed. Just raise the hell out of taxes and then spend the money on bailing out Cali and Illinois pensions and call it good.

When I was in medical sales one of my main doctors was a asthma-respiratory specialist at OHSU who had retired but had a private practice. The Oregonian ran an article over a decade ago on the Top 10 government pension recipients at the time. He was #10. When asked by the paper, he replied, “it’s too bad I’m not #11.” He was hilarious, one of my favorite docs in over a decade of that game. At least he provided a service.

DoogieMcDoogerson

RaceBannon said:

If we are on round 5 how come I only got one check?

You got a check? You sound poor.

ReignMan

Mitt is an entitled gold spoon piece of shit and a bully too LOL.

"Mr. Romney, brandishing a pair of scissors, led other boys on a hunt for Mr. Lauber, teasing him and holding him down while Mr. Romney snipped off his long locks."

RaceBannon

DoogieMcDoogerson said:

RaceBannon said:

If we are on round 5 how come I only got one check?

You got a check? You sound poor.

I'm a man of the people

Knew here?

Internet middle class guy

WestlinnDuck

ReignMan said:

Mitt is an entitled gold spoon piece of shit and a bully too LOL.

"Mr. Romney, brandishing a pair of scissors, led other boys on a hunt for Mr. Lauber, teasing him and holding him down while Mr. Romney snipped off his long locks."

At least Mittens went old school and stuck his dog on top of his car when taking his golden spoon family vacations. barry would have eaten him (the dog, not Mittens) prior to the vacay.

MikeDamone

Why the fuck do they call it a stimulus? There is nothing to stimulate as long as shit is shut down.

WestlinnDuck

Well, Amazon, Netflix, Verizon, Facebook etc. Big grocery store chains and Costco making out like bandits. Small businesses phucked. School kids phucked (although they were getting phucked at school instead of over the internet).