Another One Bites The Dust

Yet another government entitlement program looks to be about to go belly up.

Social Security Disability Payments Could End in 2017

Aging baby boomers and laid-off workers are inundating Social Security’s disability program with benefit claims, a financial strain that new congressional estimates report could leave the program bankrupt by 2017.

Applications have increased by 50 percent over the past decade, according to a report from the Congressional Budget Office (CBO), as more people with disabilities lost their jobs — and often remain unemployed for months or even years — in an economy that has been hemorrhaging jobs.

See also:
Social Security Disability and SSI going broke
Social Security Disability Payments May Cease in 2017
Social Security disability on verge of insolvency
Report: Disability fund losing cash
A look at Social Security’s disability program
Old And In The Way: The Politics, Policies and Poverty Of Aging
Soc. Sec. disabilities claims up by 50%
U.S. Trust Funds
Social Security Disability Payments In Peril by 2017
Another Looming Entitlement Crisis
Social Security Disability Fund In Trouble
Government Running Out of Funds for Social Security
Social Security disability payments could end in 2017

Medicare, Social Security, and now Social Security Disability are all well down the road toward insolvency and the politicians, particularly the Democrats, don’t have the guts to do a damn thing about it. So, if you’re under say, 50, I wouldn’t be counting on any of these entitlement programs to be there for you when you might need them in the future.

/it’s the Age of Obama economy and you’re just going to have to learn to fend for yourself

Slip Slidin’ Away

Gee, the weasel politicians in Washington continue to abdicate their responsibility and keep kicking the can down the road and the Social Security and Medicare insolvency problem keeps getting worse year after year. Go figure.

Financial Outlook Worsens for Social Security, Medicare

Social Security and Medicare’s annual checkup found that the entitlement system continues to face long-term financial challenges. The Social Security trust fund is expected to be exhausted in 2036, one year sooner than was projected last year. And the date Medicare’s hospital insurance trust fund is projected to be depleted has advanced up to 2024, five years earlier than in last year’s report. Once those dates pass, there will only be sufficient resources coming in to pay out about 77 percent of scheduled Social Security benefits and 90 percent of retirees hospital insurance costs, unless changes are made to the program.

Read the Medicare trustees’ report:

2011 ANNUAL REPORT OF THE BOARDS OF TRUSTEES OF THE FEDERAL HOSPITAL INSURANCE AND FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUNDS

See also:
Social Security Board of Trustees: Projected Trust Fund Exhaustion
One Year Sooner

Outlook Worsening for Social Security, Medicare, Trustees Say
New report warns Social Security, Medicare could run out of money even earlier than feared
Outlook for Social Security, Medicare Poor: Trustees
Medicare could run out of money sooner than previously predicted
Bleaker outlook for Social Security, Medicare
Outlook for Medicare, Social Security worsens
Government: How bad is the news about Social Security?
Medicare and Social Security Trustees report: Capitol Hill reaction
Medicare funds will be depleted in 13 years, report says

And, since we’re already into the 2012 election cycle, I wouldn’t expect Obama or Congress to step up and have the courage to make the hard, politically unpopular decisions that will have to be made in order to put Medicare and Social Security back on the path to solvency. Just look at how Paul Ryan is already being attacked for lucidly speaking truth to the demagogues. And so, next year, there’ll be another report telling us that the insolvency problem for Medicare and Social Security has gotten even worse.

/seriously, you didn’t really think you were going to collect Medicare and Social Security benefits, did you?

The Path To Prosperity

Adult swim, Democrats out of the pool!

Republicans embrace Rep. Ryan’s government budget plan for 2012

House Republicans announced a far-reaching vision for a leaner federal government on Tuesday, presenting a 2012 budget blueprint that would privatize Medicare for future retirees, cut spending on Medicaid and other domestic programs, and offer sharply lower tax rates to corporations and the wealthy.

The proposal represents the most comprehensive philosophical statement by resurgent Republicans since they claimed control of the House in last fall’s midterm elections. It promises to define the party heading into the 2012 presidential election and to shape the policy debate in Washington as both parties grapple with a soaring national debt.

Drafted by House Budget Chairman Paul Ryan (R-Wis.), the proposal aims to eventually shrink federal spending, measured against the economy, to its lowest level since 1949. Ryan said the plan would create jobs, promote growth, and rebuild an economy ravaged by recession and “relentless government spending, taxing and borrowing.”

Read the budget proposal:

The Path to Prosperity

See also:
House Republicans unveil ‘Path to Prosperity’ budget cuts
U.S. Republicans present budget plan with massive cuts
Proposal Transforms Role of Government
The CBO scores Paul Ryan
The Ryan Resolution
GOP budget proposal would cut feds, extend pay freeze
Ryan Rides To The Rescue With Realistic Budget Plan
Editorial: Ryan’s Budget Plan Gets The Job Done
The GOP Path to Prosperity

Right on cue, the Democrats are already squealing like stuck pigs being electrocuted in an acid bath. Children will die, senior citizens will be forced to eat cat food! Brace yourself, because the cynical and deceitful doomsday din will only get louder. Gird yourself for the 2012 elections, Republicans need to oust Obama, take the Senate, and hold the House in order to wrangle this country back onto the road to fiscal sanity. The Democrats’ irresponsible and ruinous spending gravy train must be brought to an end, the status quo is unsustainable and not an option. Vote Republican to save this country’s future from the economic abyss.

/the Path to Prosperity won’t be painless, but it has to be taken, the other road leads the United States down the third world drain

Obama Sets Another New Record

And it’s not a good one.

U.S. posts record monthly budget deficit

The U.S. government posted a budget deficit of $222.5 billion in February, the largest monthly deficit on record, the Treasury Department reported Thursday.

The government spent about $333 billion in the month and took in about $110 billion. February is typically a deficit month.

Year-to-date, the deficit is $641.2 billion, according to Treasury.

And just how bad is Obama’s out of control spending?

Big government doesn’t come cheaply. According to Congressional Budget Office (CBO) figures released Monday, the budget deficit for February hit a staggering $223 billion – meaning the Obama administration added more in debt last month than was borrowed in all of 2007.

Yep, that’s right, Obama added more to the national debt, money that we don’t have, in a single month, than George Bush added in the entire year of 2007. What’s wrong with this picture?

See also:
U.S. Runs $222.5 Billion Deficit in February; Highest for Any Month
U.S. Budget Deficit Expanded to Monthly Record $222.5 Billion in February
U.S. Posts Record Monthly Budget Deficit In February
February budget deficit highest ever for any month
Budget deficit hits record $222.5 billion in February
US budget deficit hits record in February
U.S. federal gov’t monthly budget deficit rises to record high in February
US Trade & Budget Deficits Get Worse
Deficit this month more than all of 2007
Obama Is Setting Records but Not in a Good Way

Everybody knows exactly what has to be done, Medicare, Medicaid, and Social Security need to be reformed back into solvency. It’s going to be painful and unpopular and the longer we wait to do what’s necessary, the more painful and unpopular the reforms are going to be. Unfortunately, no one seems to want to take the lead on this issue and get the job done, least of all Obama, who’s supposed to be leading this country. Obama is nothing more than a narcissistic political opportunist, more concerned with getting reelected than he is concerned with doing what’s right for the American people and the country.

Hopefully, when they release their 2012 budget proposal, the Republicans will step up to the plate as patriotic adults, negative political repercussions be damned, and include entitlement reform that will start to bring this country back on to the path to fiscal sanity.

/because someone has to do the right thing for America, a concept lost on Obama and the Democrats

Obamacare: Way Beyond Anything Rube Goldberg Could Have Ever Imagined

This is your health care on drugs. Does this look like it’s going to be more efficient and save money to you?

Download Chart (PDF format)

Obamacare Only Looks Worse Upon Further Review: Kevin Hassett

One of the more illuminating remarks during the health-care debate in Congress came when House Speaker Nancy Pelosi told an audience that Democrats would “pass the bill so you can find out what’s in it, away from the fog of controversy.”

That remark captured the truth that, while many Americans have a vague sense that something bad is happening to their health care, few if any understand exactly what the law does.

To fill this vacuum, Representative Kevin Brady of Texas, the top House Republican on the Joint Economic Committee, asked his staff to prepare a study of the law, including a flow chart that illustrates how the major provisions will work.

The result, made public July 28, provides citizens with a preview of the impact the health-care overhaul will have on their lives. It’s a terrifying road map that shows Democrats have launched America on the most reckless policy experiment in its history, the economic equivalent of the Bay of Pigs invasion.

Before discussing what the law means for you, we have to look at what it does to government. That’s where the chart comes in handy. It includes the new fees, bureaucracies and programs and connects them into an organizational chart that accounts for the existing structure. It’s so carefully documented that a line connecting two structures cites the legislative language that created the link.

See also:
AMERICA’S NEW HEALTH CARE SYSTEM REVEALED
UPDATED CHART SHOWS OBAMACARE’S BEWILDERING COMPLEXITY

Republicans draw circles around Obama health plan
ObamaCare: A Tangled Knot Around America’s Throat
Obamacare: Read it and weep
Charting the Murky Waters of ObamaCare
Brady bashes government
Republican Chart Outlines House Democrats’ Government Takeover of Health Care
Congressman Kevin Brady
Kevin Brady

Well, I for one DO NOT welcome our new health care overlords. Hopefully, if the Republicans can at least take back the House, they can strangle this vile monstrosity to a slow death by withholding funding, assuming it can’t be straight up repealed.

/in the meantime, be afraid, be very afraid, this is idiotic craziness, far beyond sheer insane madness

Can We Call It The Biggest Boondoggle In American History Yet?

Obama and the Democrats lied, ObamaCare is going to cost way more than if they had passed nothing? Say it ain’t so! Seriously, what sane person didn’t see this coming? The really scary part is, it’s only going to get much worse.

CBO Hikes ObamaCare Cost Estimate By $115 Billion

Better sit down, because you are in for a “shock”: ObamaCare will cost more than previously thought.

The Congressional Budget Office today released an analysis of discretionary spending in the law, and found that those costs will “probably exceed” $115 billion over 10 years.

At a stroke, that erases almost all of ObamaCare’s $143 billion in budget savings based off rushed, incomplete CBO projections given just before the decisive House vote in March.

Of course, that original forecast also assumed politically poisonous Medicare cuts and numerous other budget tricks. But, continuing to set those issues aside, the CBO suggests even its surplus forecast may prove ephemeral.

The new estimate includes the costs of administering the law by the IRS and the Dept. of Health and Human Services, and the cost of “future appropriations for a variety of grant and other program spending for which the act identifies the specific funding levels it envisions for one or more years.”

Yet there are other programs for which “no specific funding levels are identified in the legislation,” and the CBO couldn’t estimate the cost of those. The smart money says those costs will exceed $28 billion.

See also:
CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director, May 11, 2010
Discretionary Spending in the Final Health Care Legislation
Health overhaul law potentially costs $115B more
Health Overhaul Law Potentially Costs $115B More
CBO ups health care cost projections
CBO revises estimate on reform law costs
Republicans jump on new CBO score to blast health reform bill
Consequences of health care law coming to light

The sooner we toss out enough Democrats and elect Republicans instead, the sooner we can get rid of or at least modify this incomprehensible, money devouring mountain of [expletive deleted].

/vote like you mean it in November, this Democrat induced travesty is coming out of your wallet

Bloviator In Chief

Hoo boy.

Obama’s 17-minute, 2,500-word response to woman’s claim of being ‘over-taxed’

Even by President Obama’s loquacious standards, an answer he gave here on health care Friday was a doozy.

Toward the end of a question-and-answer session with workers at an advanced battery technology manufacturer, a woman named Doris stood to ask the president whether it was a “wise decision to add more taxes to us with the health care” package.

“We are over-taxed as it is,” Doris said bluntly.

Obama started out feisty. “Well, let’s talk about that, because this is an area where there’s been just a whole lot of misinformation, and I’m going to have to work hard over the next several months to clean up a lot of the misapprehensions that people have,” the president said.

He then spent the next 17 minutes and 12 seconds lulling the crowd into a daze. His discursive answer – more than 2,500 words long — wandered from topic to topic, including commentary on the deficit, pay-as-you-go rules passed by Congress, Congressional Budget Office reports on Medicare waste, COBRA coverage, the Recovery Act and Federal Medical Assistance Percentages (he referred to this last item by its inside-the-Beltway name, “F-Map”). He talked about the notion of eliminating foreign aid (not worth it, he said). He invoked Warren Buffett, earmarks and the payroll tax that funds Medicare (referring to it, in fluent Washington lingo, as “FICA”).

. . .

Even Obama seemed to recognize that he had gone on too long. He apologized — in keeping with the spirit of the moment, not once, but twice. “Boy, that was a long answer. I’m sorry,” he said, drawing nervous laughter that sounded somewhat like relief as he wrapped up.

But, he said: “I hope I answered your question.”

See also:
Obama’s 17 Minute, 14 Second Answer on Higher Taxes and Health Care
The great elaborator: Obama gives 17-minute answer to health-care query in N.C.
Obama’s 17-minute answer
Obama’s answer was rather loquacious
Obama Fights Adversity With Verbosity
Defensive much? Obama gives rambling, incoherrent 17 minute response to concern about being ‘overtaxed’
President Obama takes 17 minutes to answer a question

Let’s see, Obama takes 17 minutes to not answer a simple question, Alan Grayson is threatening doctors, Henry Waxman is threatening major U.S. corporations, and, a week into this new entitlement fiasco, most Americans still think Obamacare sucks.

/yeah, I see nothing but smooth sailing for Democrats going forward

Just Say No Repeatedly, As Often As Possible

What crackhead devil spawn manner of bull[expletive deleted] is this?

Although nobody has any idea as to what’s really in this bill that hasn’t even really been written yet, let’s start with some educated guesses.

SuperCaliforniaGuy (5 hours ago) Show Hide 0 Marked as spam
Reply The real costs are:

(1) 10 years of taxes for 6 years of benefits.
(2) Cut $460 billion from Medicare.
(3) Rob $52 billion from SS.
(4) Rob $72 billion from long-term disability.
(5) Double count the above as bill cost offsets.
(6) Transfer $371 billion into another bill called Doc Fix.

Thus, the true cost is $2.3 trillion for first 10 years, not the democrats advertised $950 billion. This means ballooning the deficit.

Just say no, make your voice heard before it’s too late.

The Free Our Health Care NOW! Action Army

Stopping Obamacare: Weekend Targets

/just do it, before it’s too late

A Real Man With A Real Plan

Rep. Ryan proposes radical solution to budget problem

I spent the first part of the week thinking about President Obama’s proposal for next year’s budget. It’s a modest document meant to take current policy and nudge it forward and leftward while beginning the hard work of pushing the deficit downward. It makes its changes at the edge of the state, freezing growth here and expanding programs there.

But I spent the latter part of the week thinking about the proposal from Rep. Paul D. Ryan (R-Wis.) for what our budget should look like 60 years from now. Ryan’s budget is a radical document that takes current policy and rolls a live grenade underneath it. Social Security? Ryan’s adds private accounts. Medicaid? Ryan privatizes it. Medicare? Same thing. Health care? Ryan repeals the subsidy for employer-provided insurance, replacing it with a tax credit.

The boyish Ryan is a conservative darling and the ranking Republican on the House Budget Committee, but there’s nothing conservative about this document. It does not respect, much less preserve, the status quo. But then, that’s a point in Ryan’s favor. The status quo does not deserve our respect. It is unsustainable. Left unchecked, it will bankrupt our country. On that, Ryan’s radicalism is welcome, and all too rare. The size of his proposal is shocking, but it is proportionate to the size of our problem: According to the Congressional Budget Office, which examined a simplified version of his proposal, it would wipe out our projected long-term deficits.

GOP Rep. Paul Ryan tackles Obama’s path to deficit disaster

The new era of Democratic bipartisanship, like cut flowers in a vase, wilted in less than a week.

During his question time at the House Republican retreat, President Obama elevated congressman and budget expert Paul Ryan as a “sincere guy” whose budget blueprint — which, according to the Congressional Budget Office (CBO), eventually achieves a balanced budget — has “some ideas in there that I would agree with.” Days later, Democratic legislators held a conference call to lambaste Ryan’s plan as a vicious, voucherizing, privatizing assault on Social Security, Medicare and every non-millionaire American. Progressive advocacy groups and liberal bloggers joined the jeering in practiced harmony.

The attack “came out of the Democratic National Committee, and that is the White House,” Ryan told me recently, sounding both disappointed and unsurprised. On the deficit, Obama’s outreach to Republicans has been a ploy, which is to say, a deception. Once again, a president so impressed by his own idealism has become the nation’s main manufacturer of public cynicism.

To Ryan, the motivations of Democratic leaders are transparent. “They had an ugly week of budget news. They are precipitating a debt crisis, with deficits that get up to 85 percent of GDP and never get to a sustainable level. They are flirting with economic disaster.” So they are attempting some “misdirection,” calling attention to Ryan’s recently updated budget road map — first unveiled two years ago — which proposes difficult entitlement reforms. When all else fails, change the subject to Republican heartlessness.

Read the report:

A ROADMAP FOR
AMERICA’S FUTURE
Version 2.0

See also:
The Roadmap Plan
A GOP Road Map for America’s Future
Roadmap to Solvency
Ryan’s fiscal plan draws attention
Paul Ryan’s Long (Deficit) Goodbye
Wisconsin Rep. Paul Ryan Stands Alone on Economic Solution
Rep. Paul Ryan says his budget plan doesn’t represent GOP
Political Punch Podcast: Rep. Paul Ryan, R-Wisc
Paul Ryan and his critics
The Savaging of Paul Ryan
Ryan Gets Serious

Paul Ryan is my favorite Republican, he gets it. He understands, like anyone with even half an ounce of honesty, that the current path of America’s fiscal future is bleak, unsustainable, and will inevitably lead to collapse and default. Sure, Ryan’s plan is radical, full of hard, painful choices, a big solution for a big problem. But, unlike the current “keep kicking the can down the road” policy, RYAN’S PLAN WILL ACTUALLY GET US OUT OF THE GIGANTIC MESS WE’RE IN AND IT’S ALREADY LONG PAST TIME THAT SOMEONE DID SOMETHING!

/although he says he won’t, I wish Ryan would run for President, he’s exactly the kind of leader this country needs right now

And The Loser Is . . . The American People

The last Democrat Senator has literally been bribed and his vote bought and paid for. Harry Reid has the 60 votes he needs to screw the American people who, by the way, are rapidly souring on this travesty.

Nelson Accused of Selling Vote on Health Bill for Nebraska Pay-Off

What started as Sen. Ben Nelson’s personal stand against covering abortion with taxpayer money translated, somehow, into millions of dollars in federal aid for his home state.

The Nebraska Democrat, following weeks of negotiations with his caucus, finally agreed to back the Senate’s health care reform bill this weekend after Democratic leaders made a series of concessions. Nelson’s support gives Democrats the 60 votes they need to overcome a filibuster, barring any last-minute defections.

But critics by Sunday were heavily questioning Nelson’s motivations, given that the abortion restrictions he sought and won did not satisfy several major anti-abortion lawmakers and groups and that it took a major federal payoff to his state to seal the deal.

Critics were calling it the “cornhusker kickback” and the “Nebraska windfall,” lobbing accusations of political deal-making at Nelson.

“It’s pretty obvious votes have been bought,” Sen. Saxby Chambliss, R-Ga., said.

And if anyone tries to tell you that passing this monstrosity is budget neutral, will lower health care costs, will save money, won’t add to the national debt, or will “bend the cost curve” down, well, they’re just flat out lying.

CBO: Real 10-Year Cost of Senate Bill Still $2.5 Trillion

The Congressional Budget Office’s score is in for the final Senate health bill, and it’s amazing how little Americans would get for so much.

The Democrats are irresponsibly and disingenuously claiming that the bill would cost $871 billion over 10 years. But that’s not what the CBO says. Rather, the CBO says that $871 billion would be the costs from 2010 to 2019 for expansions in insurance coverage alone. But less than 2 percent of those “10-year costs” would kick in before the fifth year of that span. In its real first 10 years (2014 to 2023), the CBO says that the bill would cost $1.8 trillion — for insurance coverage expansions alone. Other parts of the bill would cost approximately $700 billion more, bringing the bill’s full 10-year tab to approximately $2.5 trillion — according to the CBO.

In those real first 10 years (2014 to 2023), Americans would have to pay over $1 trillion in additional taxes, over $1 trillion would be siphoned out of Medicare (over $200 billion out of Medicare Advantage alone) and spent on Obamacare, and deficits would rise by over $200 billion. They would rise, that is, unless Congress follows through on the bill’s pledge to cut doctors’ payments under Medicare by 21 percent next year and never raise them back up — which would reduce doctors’ enthusiasm for seeing Medicare patients dramatically.

And what would Americans get in return for this staggering sum? Well, the CBO says that health care premiums would rise, and the Chief Actuary at the Centers for Medicare and Medicaid Services says that the percentage of the Gross Domestic Product spent on health care would rise from 17 percent today to 21 percent by the end of 2019. Nationwide health care costs would be $234 billion higher than under current law. How’s that for “reform”?

See also:
H. R. 3590 Patient Protection and Affordable Care Act
Manager’s Amendment
Nelson vote triggers firestorm
An Unholy Compromise
House Dems cool to Nelson compromise
Senate Democrats seek to seal health care overhaul
McCain: GOP can’t stop health care

So, barring a miracle, there’s not much left at this point that can stop this deficit busting citizen suppository from becoming law. Bend over American taxpayer and get ready to pay more to wait longer for less health care. Remember, for Democrats, this isn’t even about health care reform, it’s about expanding the size and scope of the Federal government and making more Americans dependent on it. Because a dependent voter is a Democrat voter.

/beginning in 2010, get ready to clean House and start to repeal the socialist bull[expletive deleted]