Wednesday, February 04, 2009

Obamacare and Daschle

What a relief
The Magic Negro's Plan X From Outer Space



WALLACE: And it -- it becomes clear from your answer that you played a role in the decision for him to...

OBAMA: No. No, no, no, no, no. I don't want to -- I don't want to mistake the issue here. Tom made the decision here. He called me and indicated this was his decision.

I don't want to mistake the issue?  WTF does that mean?  Oh.  No teleprompter.  Sorry. Anyway, Chris Wallace is talking to Obama about the third tax cheat he tried to appoint to his cabinet, Tom Daschle.  Here's the really good part.
Ultimately, I have to take responsibility for a process that resulted in us not having a HHS secretary at a time when people need relief from their health-care costs.
And how does the Magic Negro think gummint can grant Health Care relief?  And how in hell was a political hack like Tom Daschle going to help?  This is an opportune time to snippet George Will's column yesterday, Congress Will Have the Buffet

President Lyndon Johnson, to make the deficit numbers during the Vietnam War less scary, adopted the "unified budget," under which Social Security's surplus was mingled with general revenue, thereby reducing -- disguising, really -- the deficit's size. That, Cooper says, was the "original sin" in the budgeting sleight of hand that prevents the public from knowing, and Congress from being compelled to act on, facts about the entitlement programs' unfunded liabilities -- promises to future beneficiaries that future taxpayers may not be willing to keep.

...  the 188-page 2008 Financial Report of the United States Government -- the only government document that calculates what deficit and debt numbers would be if the government practiced, as businesses must, accrual accounting.

Under such accounting, future outlays to which beneficiaries are entitled by existing law are acknowledged as expenditures before they are paid. Were the Social Security surplus sequestered for accounting purposes, reflecting the truth that it is already obligated, and were there similar treatment of the other entitlement programs' liabilities, the deficit for the fiscal year that ended Sept. 30 would have been $3 trillion rather than $454.8 billion. The report's numbers show that the true national debt is $56 trillion, not the widely reported $10 trillion.

The report says that in 25 years the portion of the population 65 and older will increase from 12 percent to 20 percent, while the share of the population that is working and paying taxes will decrease from 60 percent to 55 percent. If Medicare spending continues to grow, as it has for four decades, more than 1 1/2 times as fast as the economy, the big three entitlements, which currently are 44 percent of all federal expenditures (excluding interest costs of the national debt), will be 65 percent by 2030. Under current law, 30 years from now government revenue will cover only half of anticipated expenditures.

Liberalism's signature achievement -- the welfare state's entitlement buffet -- will, unless radically reduced, starve government of resources needed for everything on liberalism's agenda for people not elderly.
Among Obama's Health Care plan is a proposal to establish an advisory board, which mission must include, of necessity, denying  treatment to coffer-draining elderly, and anyone else who can't return to the tax rolls.  Sort of like decisions the SS made at the entrance to Auschwitz.    You can kiss new medical and pharmaceutical breakthroughs goodbye as well.  That's how you'll spell R-E-L-E-I-F.

5 comments:

Anonymous said...

Yep, nationalized health care will solve the surplus of elderly problem. Won't help the shortage of income-producers problem, though.
—DougM

Anonymous said...

Wait. Chris Wallace?

Al Arabiya has their own Chris Wallace?

Anonymous said...

Of our $10.7 trillion national debt, $4.8 trillions are comprised of looted trust funds including $2.4 trillion from Social Security. Other big ones are Medicare and the highway trusts.

The only "good" news is that the SCOTUS has already ruled that entitlements can be changed any time our children wake up and say Hell No!

Anonymous said...

The $56 trillion estimate seriously lowballs the debt. Social Security and Medicare are bigger problems than that in and of themselves.

Medicare (Part A) is due to run out of cash in 2016 or 17 and that's without the changes buried in the stimulus bill. They expand the program many times over without doing anything to increase the level of funding.

Anonymous said...

Oh Sweet Sweet Euthanasia. To be able to make a left turn in Boca Raton again.

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