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Originally posted by xuenchen
I am wondering ...
Why are people on Medicare "all for" ObamaCare?
What does ObamaCare do to make Medicare better (or worse) ?
What was wrong with Medicare before ObamaCare ?
I thought AARP was slanted to Left Wing agendas ?
I wonder if the "crowd" had planted disruptors ?
Originally posted by Monger
It's hilarious that the Romney campaign has completely alienated its voting base - old white people.
Ya, and all the Lies Ryan said at the GOP, were dubbed in too I guess.
Originally posted by xuenchen
I wonder if the "crowd" had planted disruptors ?
Once known as the American Association of Retired Persons, AARP is one of the most powerful political lobbies in Washington. It spent $21 million last year building up its close ties to Democrats in Congress and exerting massive political influence in Washington, D.C., and state capitals. It takes in tens of millions of dollars in federal grants annually as a registered nonprofit charity and its for-profit corporation makes millions of dollars licensing the AARP brand name. AARP reported revenue of over $1 billion and assets of $994 million in 2008.
What really brings in revenue is the money AARP gets by licensing out its well-known name to for-profit companies, such as health insurers.
That means AARP is a player in the health insurance industry — a fact that complicates its support for the Obama healthcare overhaul that many critics say will harm AARP members.
AARP’s new CEO is Barry Rand. A longtime Xerox executive, Rand was subsequently chairman and CEO of Avis and Equitant, a global provider of “outsourced management services.” Rand, who is also chairman of the board of trustees of Howard University, gave the maximum allowed contribution to Obama in 2008 before he was tapped to run AARP.
AARP’s role in the healthcare debate is complicated by the fact that it is an insurance broker. The organization is not itself an insurer, but it funnels its membership list to for-profit insurance companies, and in exchange collects hundreds of millions of dollars annually in royalties.
In 2008, AARP brought in $1.14 billion in revenue. Only $249 million—less than a quarter of the group’s total revenue—was from membership dues. The overwhelming majority of AARP’s 2008 income—$653 million—came from “royalties” according to the organization’s tax returns. The royalties came from several different product lines. AARP-branded health-related offerings brought in about $425 million, while financial products and services generated about $205 million.
• Opposition to the balanced budget amendment • Support for continuation of the estate tax, often called the “death tax”. Conservapedia claims that AARP’s rationale is a liberal wealth redistribution scheme to “help reduce the concentration of wealth” • Support of the CHIP children’s health program and AARP’s opposition to the Bush veto of expanding the program • Support of Health Care Reform, including sponsoring “listening sessions” on the issue. The listening sessions were subsequently cancelled. • Numerous instances of supporting and sponsoring LGBT activities, including gay sensitivity training and gay pride events • Opposition to Social Security reform that included private retirement accounts and opposition to Medicare reform. The Moderate Voice (s.tt...) Read more at themoderatevoice.com...’s-partisan-liberal-agenda/#VkhslXpBQQdpiyUW.99
Originally posted by timetothink
reply to post by Tardacus
Read my above post , that is a lie, their is no trust fund.
The Social Security Act of 1935
Section 201. (a) There is hereby created an account in the Treasury of the United States to be known as the Old-Age Reserve Account hereinafter in this title called the Account.
(2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under the Second Liberty Bond Act, as amended, are hereby extended to authorize the issuance at par of special obligations exclusively to the Account. Such special obligations shall bear interest at the rate of 3 per centum per annum. Obligations other than such special obligations may be acquired for the Account only on such terms as to provide an investment yield of not less than 3 per centum per annum.
(c) Any obligations acquired by the Account (except special obligations issued exclusively to the Account) may be sold at the market price, and such special obligations may be redeemed at par plus accrued interest.
(d) The interest on, and the proceeds from the sale or redemption of, any obligations held in the Account shall be credited to and form a part of the Account.
(e) All amounts credited to the Account shall be available for making payments required under this title.
In 1937, the Social Security Act was declared unconstitutional because, according to the federal Appellate Court, it was using public funds for private purposes, as a "trust fund" and as "insurance" - Davis v. Boston, 89 F2d 368. The court declared that as an excise tax, which it claimed to be, it could not be imposed on wages since an excise may be placed only on articles of consumption. (This case reversed a lower court's ruling in 17 F. Supp 97, which decided that it was valid as an excise tax). A month later, the Supreme Court, in both Helvering v. Davis, 301 US 619 and in Steward Machine Co. v. Davis 301 US 548, decided on the same day that the Appellate Court was wrong without explaining why the Appellate Court was wrong. The Supreme Court found that the Appellate Court was wrong to claim that there is a Trust Fund or insurance. THERE IS NO TRUST FUND AND IT IS NOT INSURANCE. The Supreme Court refused to face the question of whether Social Security was an excise tax. They declared: "We find it unnecessary to make a choice between the arguments, and so leave the question open."
As further proof that there is no Trust Fund or insurance: In 1980 the Supreme Court in Fleming v. Nestor determined that Social Security remains constitutional because there has never been a promise to pay benefits. Again I repeat: SOCIAL SECURITY REMAINS CONSTITUTIONAL BECAUSE THERE IS NO TRUST FUND AND IT IS NOT INSURANCE AND THERE IS NO PROMISE TO PAY BENEFITS.
Originally posted by Tardacus
you`ll never get elected if you make the old folks mad
there`s like about 100 bazillion aging baby boomers, that`s a lot of votes.