Why we need Obama Care when we had this already?

Here is Lyndon B Johnson medical benefits…

LBJ Library  website… http://www.lbjlibrary.org/press/the-1965-medicare-amendment-to-the-social-security-act

The 1965 Medicare Amendment to the Social Security Act

Aug 27, 2012

On July 30, 1965, President Johnson signed the Social Security Amendments which established Medicare and Medicaid, promising that they would “improve a wide range of health and medical services for Americans of all ages.” Now Presidential hopefuls are debating the fate of federally funded health insurance in very different terms. Because of the current controversy over the future of Medicare, the LBJ Library has created this web page with historical information about the law.

From the Wiki Pages… http://en.wikipedia.org/wiki/Social_Security_Amendments_of_1965

Johnson administration

With the election of Lyndon B. Johnson in 1964, Democrats controlled both the Presidency and the Congress, claiming a 2:1 ratio to Republicans in the House and 32 more seats in the Senate. The Democrats in the House Ways and Means Committee shifted away from Southern Democrats, making the committee more sympathetic towards health insurance reform.

Those who had previously worked on the King-Anderson Bill drafted a new bill providing coverage of the aged, limited hospitalization and nursing home insurance benefits, and Social Security financing. Wilbur Cohen, Assistant Secretary for Legislation of the Department of Health, Education and Welfare (and later Secretary), pushed the Medicare bill. Cohen convinced Johnson to give the bill high priority, and Johnson declared its importance to his Great Society program. The bill was given the labels H.R. 1 and S. 1 as the first bill introduced in each House of the new Congress.

What I see is that Social Security was trust fund getting fatter and the administration was looking for ways to milk it.  That is why is going broke; was not intended to be used the funds until you retire, but, the LBJ administration allowed the Gov in general to use the Funds for Pork Barrel Projects (Vietnam comes to mind).

Lets put that in perspective…  You have a Trust Fund that you put money on the side until you retire.  The Gov says that is OK to take the money and have fun with it.  I think they were gambling that you die before you can cash in.

Now Mr O administration wants to add another insurance on top of all this.

How much they need?

They are only happy until others people money is depleted; and then what is next?


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