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Thu Dec 27, 2012, 01:31 PM

 

Just so we're clear: Does the automatic "fiscal cliff" that will kick in involve cuting SS

or Medicare or Medicaid? If so, who set this in motion? Why would the Democrats allow this to happen in the first place?

Educate me. I'm all ears.

12 replies, 874 views

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Reply Just so we're clear: Does the automatic "fiscal cliff" that will kick in involve cuting SS (Original post)
UnrepentantLiberal Dec 2012 OP
RomneyLies Dec 2012 #1
newfie11 Dec 2012 #2
madfloridian Dec 2012 #3
Samantha Dec 2012 #12
ieoeja Dec 2012 #4
sabrina 1 Dec 2012 #5
UnrepentantLiberal Dec 2012 #6
Recursion Dec 2012 #7
UnrepentantLiberal Dec 2012 #8
geek tragedy Dec 2012 #10
geek tragedy Dec 2012 #9
UnrepentantLiberal Dec 2012 #11

Response to UnrepentantLiberal (Original post)

Thu Dec 27, 2012, 01:32 PM

1. I believe there are cuts to the MEdicare and Medcaid programs

 

but I think they are to what's paid to care providers.

Nothing in SS is cut.

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Response to RomneyLies (Reply #1)

Thu Dec 27, 2012, 01:38 PM

2. I think the Medicare cuts are not supose to affect the patient

Sorry I can't recall exactly but I think it was cutting excess spending that had nothing to do with patient care.

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Response to newfie11 (Reply #2)

Thu Dec 27, 2012, 01:42 PM

3. Of course it will affect the patients.

Because doctors can not be forced to take Medicare patients.

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Response to newfie11 (Reply #2)

Thu Dec 27, 2012, 06:25 PM

12. I think it is about 716b in cuts that were duplicative or unnecessary that the providers

agreed could be cut. This cut does not impact beneficiaries.

Sam

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Response to UnrepentantLiberal (Original post)

Thu Dec 27, 2012, 01:43 PM

4. And this is mandated by the Budget Act of 2011 which was written by the new Teabaggers in Congress.


If any baggers complain about it, be certain to remind them that THEY wrote the damn thing and refused to raise the debt limit until Democrats let them pass it into law.

They own this 100%. They wrote it. They held America hostage to get it. This exists solely because of the Teabagger election in 2010.


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Response to UnrepentantLiberal (Original post)

Thu Dec 27, 2012, 01:57 PM

5. There would be no cuts to SS. The Bush tax cuts would expire, but so would

other tax cuts. Military spending would be cut significantly.

Here is an overview of what would happen if they did nothing:

http://en.wikipedia.org/wiki/United_States_fiscal_cliff

A number of laws led to the fiscal cliff, including these provisions:
Expiration of the Bush tax cuts extended by President Obama in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010;

Across-the-board spending cuts ("sequestration") to most discretionary programs as directed by the Budget Control Act of 2011;
Reversion of the Alternative Minimum Tax thresholds to their 2000 tax year levels;

Expiration of measures delaying the Medicare Sustainable Growth Rate from going into effect (the "doc fix"), as extended by the Middle Class Tax Relief and Job Creation Act of 2012 (MCTRJCA);

Expiration of the 2% Social Security payroll tax cut, most recently extended by MCTRJCA;

Expiration of federal unemployment benefits, as extended by MCTRJCA, and
New taxes imposed by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010.

Without new legislation, these provisions would automatically go into effect on January 1 or 2, 2013, except for the Alternative Minimum Tax growth, which can be changed retroactively until December 31, 2012. Some provisions would increase taxes (the expiration of the Bush and FICA payroll tax cuts and the new Affordable Care tax and AMT thresholds) while others would reduce spending (sequestration, expiration of unemployment benefits and implementation of the Medicare SGR).

On the other hand, some lawmakers intend to attach a bipartisan extension to the expiring wind-power tax credit. Unlike the provisions above, this will reduce, not increase, taxes by $1.3 billion.

Proposals to avoid the fiscal cliff involve repealing legislation containing certain of these provisions or passing new legislation to extend provisions that are due to expire. Different proposals may include changes to some or all of the above provisions. For example, the Congressional Budget Office's "Alternative Fiscal Scenario" includes only the first four items above. Changes to other provisions are also sometimes included in such proposals; for example, changing the original caps on discretionary appropriations contained in 2011's Budget Control Act, indexing the AMT exemptions for inflation (rather than capping them for one year at a time) or the wholesale or partial reform of the tax laws and/or the entitlement programs (sometimes called "the grand bargain").

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Response to sabrina 1 (Reply #5)

Thu Dec 27, 2012, 02:01 PM

6. Thanks for the link.

 

I'll peruse it when I have time.

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Response to UnrepentantLiberal (Original post)

Thu Dec 27, 2012, 02:38 PM

7. The Medicare cut was passed in the 1990s

And has been "temporarily" suspended every few years since then; that's called the "doctor fix".

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Response to Recursion (Reply #7)

Thu Dec 27, 2012, 02:46 PM

8. This I didn't know either.

 

I'll have to read up on it.

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Response to Recursion (Reply #7)

Thu Dec 27, 2012, 02:48 PM

10. Budget Control Act sequester is on top of the doc fix. nt

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Response to UnrepentantLiberal (Original post)

Thu Dec 27, 2012, 02:48 PM

9. 29% cut to Medicare providers (2% per Budget Control Act plus 27% due to Doc Fix failure)

I guess people can pretend that those wouldn't affect Medicare beneficiaries . . . . also a ton of lost jobs.

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Response to geek tragedy (Reply #9)

Thu Dec 27, 2012, 05:40 PM

11. 29% cut to Medicare providers hurt Medicare beneficiaries?

 

Nah. The glass is half full. Government actions rarely have consequences.

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