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?

Bogus Obama Math Busted

It’s bad enough that Obama had the gall to release a farcically irresponsible 2012 budget that kicks the fiscal sanity can down the road and shoves the United States well down the path to third world status, but then he and his clown posse minions have the further, cynical audacity to lie about it to the American public.

CBO: W. House Lowballs Debt

The president’s budget plan would double the debt over 10 years to $20.8 tril, the CBO estimated, $2.3 tril more than the White House had projected. Interest on the debt would top 18% of federal revenue in 2018, a level that Moody’s has said could trigger a downgrade of America’s AAA rating.

Read the Congressional Budget Office report:

Preliminary Analysis of the President’s Budget for 2012

See also:

Report says Obama budget underestimates deficit
CBO Claims Obama Budget Underestimates Future Deficits by $2 Trillion
CBO: Obama budget underestimates deficits by $2.3 trillion over upcoming decade
CBO: Obama understates deficits by $2.3 trillion
Obama Budget Underestimates Deficits by $2 Trillion
CBO: Obama FY12 Budget Would Result In $9.5T In Deficits Over Next Decade
CBO: Obama policies would require deficits of $9.5 trillion through 2021
CBO: Obama budget worse than projected on 10-year deficit
Congressional Budget Office projects higher Obama deficits
CBO Analysis: Obama’s 2012 Budget Increases Deficit
US budget to worsen deficits: CBO
UPDATE 2-Obama budget would worsen deficits – CBO report
Oooops! CBO says Obama’s budget understates deficits
To Bull[expletive deleted] . . . And Beyond!

Paul Ryan and the Republicans will soon unveil their 2012 budget which will address the looming entitlements disaster, make the hard choices, and put America back on the road to fiscal solvency. And, of course, Obama and the Democrats, in control of the Presidency and the Senate, will fight tooth and nail to sabotage and undermine any attempt to walk America back from the edge of the financial abyss which they seem hell bent on flinging us into.

/I can’t emphasize just how important the 2012 elections are, without a new President and Republican control of the Senate, the United States economy will continue to recklessly stagger towards economic collapse under Obama’s crushing, unsustainable debt load

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Watson Wins!

Okay, so it’s only a practice round but, nonetheless, it’s pretty damn impressive. Just remember, these aren’t ordinary Jeopardy! Champions that Watson is beating like a drum, Ken Jennings and Brad Rutter are the top two all time Jeopardy! Champions.


Computer beats Jeopardy! champs – is world domination far behind?

IBM recently created a supercomputer named Watson that will compete against humans in the “Jeopardy!: IBM Challenge.”

The other two contestants? Previous “Jeopardy!” champions Ken Jennings, who won 74 consecutive matches, and Brad Rutter, who won a record-breaking $3.3 million as a contestant. The televised match will air in February, but today IBM offered a teaser in a three-round test battle.

Watson has been in the works for approximately four years. It is powered by 10 racks of IBM servers and has 15 terabytes of RAM. However, Google or KGB are no help to the machine, as it’s not connected to the Internet. Instead, it gets its information from myriad encyclopedias, dictionaries, books, and other sources of information it has digested. According to IBM, Watson has access to the equivalent of 200 million pages of content.

Watson also works just like a human contestant would: he has a buzzer and answers in the form of a question. Although as a bonus for the audience, the top three answers that Watson believes are correct are projected on a screen, giving insight into its decision-making process.

The results of the today’s match shouldn’t be too surprising. Tech blog Engadget.com
reports that no question went answered incorrectly by any of the contestants, but the computer beat the human champs, as Watson led with $4,400, Jennings was second with $3,400, and Rutter rounded out the scoring with $1,200.

See also:
IBM’s Watson supercomputer destroys all humans in Jeopardy practice round (video!)
IBM’s Jeopardy supercomputer beats humans in practice bout
IBM’s Watson wins Jeopardy practice round: Can humans hang?
Are You Smarter Than A Computer The Size Of 10 Refrigerators?
Machine Bests Man in “Jeopardy!” Practice Round
Domo arigato, Mr. Watson: IBM computer takes on ‘Jeopardy’
Jeopardy! supercomputer: Is the next game show champ a machine?
The computer wore Jeopardy’s buzzer
Computer wins first test against 2 ‘Jeopardy!’ champs
The DeepQA Project
Watson Research Center
I’ll Take Machines That Play Jeopardy For $500, Trebek

Did you watch the way Watson destroyed those two hapless human Jeopardy! champions? Instead of Jeapardy! trivia, they should stuff Watson full of all the known economic, military, scientific, and political knowledge.

/I’d vote for Watson over Obama for President in 2012, America would be a much safer and more prosperous country