What the hell's happening here? Why is my bank in the tank? And my house and job? And my retirement money? Even my state's teetering on the brink of broke! Who did this to us? Fair questions, but we're not getting honest answers.
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A tale of two drug plans
You’ve no doubt heard that Congress plans to extend prescription-drug coverage to folks on Medicare. Alas, their plan is meager and might do more harm than good.
Republican leaders cited “budget constraints” as their reason for shortchanging seniors. Of course, the budget is constrained largely because of the more than $1 trillion they took for tax giveaways to the wealthiest 1% of Americans. But that’s another story.
What you may not have heard is that these same leaders have since passed a drug-benefit bill for a select group of retirees that happens to include . . .
themselves! There were no budget constraints when it came to the needs of senior Congress critters, for their benefits package is far more generous than what they doled out to ordinary seniors. While regular retirees would shell out an extra $420 for the out-of-pocket annual premium and a $250 deductible, congressional retireees will pay nothing extra.
Rep. Pete Stark disgustedly summed it up best: “This bill says, ‘We take care of our own, and to hell with the average American.’”