Carter spoke at the Texas Association of Business Central Star Chapter luncheon Wednesday at the Wildflower Country Club. Carter answered questions posed by Bill Hammond, chief executive officer of the Texas Association of Business and members of the audience.
The first question was on the sustainability of Social Security and if it would be around when Carter’s grandchildren reached retirement age.
It won’t be without some changes, Carter said. “You have to have the courage to fix it.”
The majority of people in government don’t want to touch the subject. The most recent number indicates that Social Security disability payments will exceed retirement payments next year, Carter said.
One way to help the program remain solvent is to raise age eligibility, he said.
When the Social Security Bill was enacted in 1935, most people didn’t live to 65. Carter’s grandfathers died at age 60 and 54.
“Most of the people in this room will live into their 80s,” Carter said.
Short-term highway funding has been put in place and Hammond asked if a long-term highway bills is in the offing.
“We’re going to try,” Carter said.
One item that should be considered is the fuel tax, which is used to fund highway projects, he said. The mileage vehicles get continues to increase, resulting in less money for the highway trust fund.
Carter wants to stop taxing fuel and instead tax mileage.
“It’s not popular, but it could work,” he said.
First his comments on Social Security. There’s a quick easy and painless (except for the wealthy) way to fix Social Security. Currently Social Security has an earnings cap of $118,500/yr. If that cap was raised significantly or taken off altogether Social Security would have no sustainability problems as far as the eye can see.
Keep in mind that raising the eligibility age is the same as a benefit cut. Social Security is not going broke, if left unchanged, it will not be able to pay out 100% of benefits as it does today. It will still be able to pay out a significant benefit though, and that’s if nothing is done.
Of course Carter talks about the “courage” it takes to fix the problem. But the only one’s that are supposed to have courage are the future recipients. No courage required from those who exceed the cap it would seem.
As far as the gas tax goes, it simply needs to be raised at the state and federal level. It’s been over 20 years since the gas tax has been raised at the federal level and in Texas. How would your family budget be if you hadn’t had a raise 20 years? There’s no reason to try a new tax that “could” work, when we have a tax in place that can be raised that we know works.
Carter’s talk of courage falls flat when he veers off into this sort of misguided rhetoric.
Bernie has much better ideas for the middle class in America.
Sometimes it takes great distress to reveal greatness of leadership. As the 10th Anniversary of Hurricane Katrina approaches on August 29th, Texas Leftist reflects on the extraordinary role Houston played in the storm’s aftermath and recovery.
For a time, many Houstonians considered it a point of pride that the city repealed the use of Red Light Cameras in 2010. But as Texas Leftist has recently discovered, a Houston without camera accountability has become much more dangerous for all transit users…Even deadly.
Not a trace of irony has been found to be present in the recent pronouncements of a certain Democratic so-called frontrunner for the 2016 presidential nomination. PDiddie at Brains and Eggs — with an assist from the biting cartoons of Ted Rall — illustrates some of the things making Clintonites so nervous of late, none of which have anything to do with e-mail servers or sagging poll numbers.
Relatives of children with disabilities are joining therapy providers in a lawsuit against the Texas Health and Human Services Commission, weeks before the agency is scheduled to slash payments to a therapy program for the poor.
The families and therapy providers have asked a Travis County judge to stop the state from implementing the budget cuts on Sept. 1, alleging they will cause “immediate and irreparable injury” to thousands of kids in the state’s Medicaid program.
“Those rates will force Texas Medicaid providers to cease providing services critical to the health and development of Texas’ most vulnerable residents, its children,” the suit reads.
The state budget crafted by lawmakers directs Medicaid, the state’s insurance program for the poor and disabled, to cut roughly $260 million in payments to the therapy program over the next two years and to find another $130 million in savings from “medical policy reductions.” Combined, that’s a 28 percent reduction to the therapy program’s current two-year budget of about $1.4 billion.
When the Affordable Care Act took effect in October 2013, there were 14 states in which more than 1 in 5 adults lacked health insurance; today only Texas remains, according to data from a Gallup survey.
At the other end of the scale, only five states’ populations were so well-insured in 2013 that fewer than 1 in 10 adult residents lacked insurance. Today, more than half the states have achieved that goal.
The state-by-state insurance levels, which detail how rapidly the insurance picture has changed since President Barack Obama’s signature health care reform started, come from a large-scale, twice-a-year survey by Gallup. The survey included more than 178,000 adults in 2013, before the law took effect, and 88,667 in the first half of 2015, allowing unusually precise estimates of the effect the law has had at the state level.
Texas, whose officials have strongly resisted cooperation with the new law, had the highest level of residents lacking insurance before the law took effect and has made among the least progress of any state. Its uninsured rate fell from 27 percent in 2013 to just under 21 percent in the first half of this year, making it the only state that has more than one-fifth of its residents uninsured.
By contrast, in Arkansas and Kentucky, both of which started above 20 percent uninsured, just 9 percent of adult residents lack insurance. [Emphasis added]
The speech was among Abbott’s highest-profile appearances outside of Texas since the end of the most recent legislative session. He wasted no time bragging about what lawmakers accomplished under his watch, including increased spending on border security, millions of dollars in tax cuts and open carry of handguns.
The governor received two standing ovations accompanied by thunderous applause during his speech at the RedState Gathering, a conservative grassroots political conference being held over two days in Atlanta.
It’s hard to understand how a man who has received so much assistance since his tragic accident is so willing to cut other people off from assistance. But he, along with the Texas GOP, have one goal, Texas governor signs tax cuts worth $3.8 billion.
Gov. Greg Abbott signed into law tax cuts for homeowners and businesses Monday worth $3.8 billion over the next two years.
The Republican governor also approved a bill repealing $250 million worth of professional fees in 2016-17.
The $4 billion package for the next two-year budget will help Texas “be a more prosperous state,” Abbott said after signing the package at the sleek campus of tech company Advanced Micro Devices on the outskirts of Austin.
Abbott reiterated his plans to travel the country and globe to urge corporate executives to move to Texas. One of the targets, he acknowledged, is the corporate headquarters of General Electric in Connecticut.
“This happens at a time when other states around the country are raising taxes and increasing the cost of doing business — whereas here … we are focused on lowering taxes and making the state more affordable for everybody,” he said.
Business tax cuts for all, health care for the few. It would be nice if we had a government in this state that cared half as much for the poor and disabled as they did for big business and corporations.
This can change if the people of Texas, who don’t show up and vote, want it to change. Other then that we’ll continue to get more of the same. Only Texas remains….
A blogger started a petition to have the NFL relocate the 2017 Super Bowl away from Houston if the HERO is defeated by the voters in November. And then a Houston television station picked up the story. PDiddie at Brains and Eggs is in wonderment at how things can snowball — or go viral, as the kids say these days — so quickly.
Ken Paxton’s indictments broke news on Saturday afternoon, about 24 hours later than PDiddie at Brains and Eggs predicted. The one remaining question is: how long does our lazy-eyed attorney general twist in the wind before Gov. Greg Abbott cuts down his stinking carcass?
Ben Hall and Steven Hotze, Ben Hall and Dave Wilson… a lot of prayers got answered for the Houston bigots and homophobes when the Texas Supreme Court ordered the City of Houston to either repeal its equal rights ordinance or put it on the November ballot. PDiddie at Brains and Eggs knows that we don’t need another HERO referendum, but we’re going to get one anyway.
The disruption at Netroots Nation’s presidential town hall forum by activists associated with Black Lives Matter was a clash between the politics of the old-school Social Democrats and that of the New Democrats’ identity politics. PDiddie at Brains and Eggs thinks there will a coming-together of the two movements or a cleaving of the Democratic Party as the dynamic unfolds.
Ken Janda asks how can Texas continue to ask for billions of dollars in uncompensated care payments to hospitals for uninsured patients coming to emergency rooms, when more than one million of those people could be put into Medicaid Managed Care?
The TSTA Blog warns of “dangerous anti-educator” Scott Walker.
Lightseeker at Texas Kaos exposes Rick Perry and Greg Abbott’s myth that tort reform ensures more public access to affordable healthcare. In GOP Texas tort reform means insurance companies and corporations are the winners while real people pay the price. Abbott and Perry: Tort Reform as a Trojan Horse.
2012 saw the Republican Party lose the Presidency once again, mostly because of their complete refusal to learn from their mistakes, and evolve. As we inch ever closer to 2016, Texas Leftist is left to wonder if the GOP learned anything from the last cycle. Given the dominance of Media Harlot Donald Trump, the answer is a likely “no”.
And here are some posts of interest from other Texas blogs.
Mike Tolson hears the echoes of Loving v. Virginia in the arguments made by same-sex marriage opponents.
Paradise in Hell counts down the last days of freedom in Bastrop until the inevitable Obama/UN takeover of Texas.