Social Security Upside Down

[Jarhead]

....The CBO says that Healthcare Reform will shrink the Debt....

Garbage In... Garbage Out. Simple as that.

Easy to say. I wouldn't listen to a word you had to say without seeing:

#1. A resume' with proven accolades in the fields necessary to create an informed opinion on a budgetary analysis.

#2. A report of your own refuting their findings.

Everything else is "mee fling poo poo at zee bad guys...uh hurrrr" and giggling with your opposition buddies.

Let's pretend that you somehow scientifically come to your conclusions for a day, USMB. K?

However, I heard a strategist say the following and I need to paraphrase:

"If a plan is submitted to the CBO by Congress and in it is an item that says 'at the end of the 5th year, there will be a pot of gold that simply appears out of thin air and the gold will offset any costs to that point', the CBO must incorporate that into their final analysis."

Now, if this is true, do any of us know what was presented by congress to the CBO?

For example, did the information assume prosperity and therefore an increase in tax revenue? Did it assume a stagnant economy?

Does anyone know?

And I am asking who knows. Not who wants to make believe they know, so a valid link would be appreciated.

Thanks.

 

[Murf76]

However, I heard a strategist say the following and I need to paraphrase:

"If a plan is submitted to the CBO by Congress and in it is an item that says 'at the end of the 5th year, there will be a pot of gold that simply appears out of thin air and the gold will offset any costs to that point', the CBO must incorporate that into their final analysis."

Now, if this is true, do any of us know what was presented by congress to the CBO?

For example, did the information assume prosperity and therefore an increase in tax revenue? Did it assume a stagnant economy?

Does anyone know?

And I am asking who knows. Not who wants to make believe they know, so a valid link would be appreciated.

Thanks.

There were all sorts of accounting gimmicks involved. In fact, you'll find quite a bit of info just by punching the words, "CBO. gimmicks" into your browser. Here's one:

CBO Confirms That Without Accounting Gimmicks, Obamacare Adds to Deficits

By Philip Klein on 3.19.10 @ 6:13PM

Responding to an inquiry from Rep. Paul Ryan, the Congressional Budget Office has confirmed that when you remove certain accounting gimmicks from the Democrats' health care legislation, it actually increases the deficit.

Democrats have touted a CBO report that found that their health care bill would reduce the deficit by $138 billion from 2010 to 2019. But that number assumes that hundreds of billions of dollars in Medicare cuts would be used to pay for the new health care entitlement. In a letter to Ryan, the CBO estimates that if the Medicare cuts were used to help shore up the effectively bankrupt Medicare trust fund instead, then the Democrats health care bill would run $260 billion in deficits over the next decade.

(more...)
The American Spectator : AmSpecBlog : CBO Confirms That Without Accounting Gimmicks, Obamacare Adds to Deficits

And here's yet another case of unrealistic expectations:

The Democrats in Congress argued that they would gain $5.4 billion in revenue by eliminating the tax break enacted in the 2003 Medicare Part D program as an incentive for businesses to keep their retirees out of the Medicare system. Instead, they have given businesses a reason to dump their retirees out of the private networks and into the Part D system now. Not only will the expected tax revenues never appear, but now we will have to spend a lot more money covering those prescriptions out of public funds. The seniors in these programs will suffer most of all, as the Part D coverage is vastly inferior to the private plans offered by businesses in the private sector.

(more...)
Hot Air Blog Archive AP: Say, guess what we just found in ObamaCare!

 

[Skull Pilot]

Huh?

There's no money in the Social Security Trust Fund!!!!

There are only IOU's and we just added another massive program on top of a massive Stimulus on top of a massive TARP that still has US banking in a fucking seizure!

The Economy is doing better, and The CBO says that Healthcare Reform will shrink the Debt., lower premiums (for those who don't choose to upgrade* to save you from the sneaky "no it won't!!" And I'm more inclined to believe their findings, and the American Medical Association's Endorsement, and the limited portions of the bill and financial/medical columns I've read, then people who:

A: Have not properly studied all of the elements
B: Are in the minority party with a vested interest to regain control
C: Ignore any facts in support of, yell all the negativities from the mountain tops, and pretend they rationally evaluated anything.

Sorry.

OK tell me how exactly forcing people to buy more expensive policies that they already may have will save them money?

Tell me how federally subsidizing someone who makes over 80K a year will save us money?

Tell me how limiting premiums and out of pocket expenses while lifting the cap on insurance pay outs will save money?

And you have all the proof you need just look at the MA version of Obama Care.

Premiums rose in MA well over the national average.

The program has cost more than 6 times the projections

And medical spending over the last 4 years has outstripped all other spending tune the tune of 4 billion dollars.

All that and the percentage of insured in MA rose from about 92% to less than 97%

So was that 4% increase in the number of insured worth it? And to you think a program larger in scope than MA will actually cost less?

http://www.usmessageboard.com/healthcare-insurance-govt-healthcare/107870-why-doesnt-obama-use-romney-care-as-an-example.html#post2063110

 

[Toro]

Social security is broken and must be reformed. The age of receipt must be raised, the trust should be allowed to invest in other securities besides low yielding government liabilities, and accounts should be set up so that people can privately manage their investments instead of the government.

does this somehow remind you of George Bush? And the demoncwats went bezerko..

Sort of, but Bush didn't go far enough.

This is a Democrat problem IMHO, since they are the ones who are most vocal at defending the status quo. They are wrong. SS won't exist as we know it in 10-20 years.

 

[Toro]

Like I said, the roof is falling in and Obama and the Dems are out buying new plasma TV for every room in the house.

Except, there's no real basis behind that. The roof has been fixed and there's still some leaks. It's no longer falling in. The plasma's are said by the CBO to actually lower the debt by-way of future cost savings and I won't pretend to qualify myself as an economist fully studied on 3, 000 pages to disagree like these rational mature adults do, just to justify whatever "their side" says.

Huh?

There's no money in the Social Security Trust Fund!!!!

There are only IOU's and we just added another massive program on top of a massive Stimulus on top of a massive TARP that still has US banking in a fucking seizure!

When was there money in the SS trust? 1968? The trust is filled with nonmarketable government liabilities, i.e. government IOUs. Its been like that for as long as I've known it.

The difference now is that the cash flow that flows in and out of the government earmarked for SS has turned negative. And this is because unemployment is so high and people are opting to take SS payments.

This is a ticking time bomb, a disaster waiting to happen. The good news is that government can eliminate most of the liabilities with the stroke of a pen. The bad news is that a whole lot of people or going to get a lot less SS than they thought, if they get any at all.

 

[The T]

Like I said, the roof is falling in and Obama and the Dems are out buying new plasma TV for every room in the house.

Except, there's no real basis behind that. The roof has been fixed and there's still some leaks. It's no longer falling in. The plasma's are said by the CBO to actually lower the debt by-way of future cost savings and I won't pretend to qualify myself as an economist fully studied on 3, 000 pages to disagree like these rational mature adults do, just to justify whatever "their side" says.

Huh?

There's no money in the Social Security Trust Fund!!!!

There are only IOU's and we just added another massive program on top of a massive Stimulus on top of a massive TARP that still has US banking in a fucking seizure!

just WAIT until Cap N' Tax becomes LAW? WAIT until the Statists add another 30+ Million "Citizens' to the rolls in the guise of "Immigration REFORM"...

WE are BROKE folks.

Good post CF!

 

[keee keee]

Hey Democrat CONGRESSMEN who voted infavor of OBAMA CARE last weekend this is the future of OBAMACARE
BROKE!!!!!
Name just one program that the government runs that isn't broke or at the stage of going broke!!!!
My question is if ObamaCARE is such a great program, why did all Democrat congressmen and senators and staff and families somehow exclude themselves from using this mandated program which I and every American citizen will be forced by law into using? Everyone who does not like this law should write your representatives and ask them this. I asked mine before the vote and am still waiting for a response. My congressman Dan Lipinski refuses to answer this or hold any townhall meetings. Hasn't had one for over a year and still says he values or input and opinions What a load of bullshit!!!! Time to instill our own term limits next Nov 2. Vote all these stinking bastards out!!!!!

 

[Charles Stucker]

The Economy is doing better, and

The new OscamaCare health care reform will take care of that.
Oh look, yet more costs for doing business in the USA. Wonder what will happen next. Will businesses find they can take their jobs overseas and the result be far fewer jobs and a downturn in the economy. Inquiring minds want to know.

Actually anyone with even a smidgen of skill at mathematical analysis can see that when you increase the cost of goods from one source, the other sources start to edge them out of the market. Goodbye American Jobs, hello bankruptcy;
Courtesy of Obama and his new socialism.

 

[keee keee]

The Economy is doing better, and

The new OscamaCare health care reform will take care of that.
Oh look, yet more costs for doing business in the USA. Wonder what will happen next. Will businesses find they can take their jobs overseas and the result be far fewer jobs and a downturn in the economy. Inquiring minds want to know.

Actually anyone with even a smidgen of skill at mathematical analysis can see that when you increase the cost of goods from one source, the other sources start to edge them out of the market. Goodbye American Jobs, hello bankruptcy;
Courtesy of Obama and his new socialism.

Wait till this Moron OBAMA trys to institute CAP AND TRADE!!! You think the cost of doing business or living is to high Wait till this passes. No one is working jobs are not available where are we going to get money to pay for all these new taxes and higher costs for everything? Cap and trade will raise the cost of everything not just energy. Energy is used for everything and by every business. If businesses costs go up then price goes up. But the access to jobs is going down thanks to OBAMA and his POLICIES!!!!!

 

[keee keee]

Democrats busted Social Security...terrific

Maybe they can do more Cash for Clunkers?

A Obama new stimulus program Cash for an OLD CLUNKER turn in an old person collecting social security the government destroys them (if the ObamaCare death panels didn't work) This solves the social security and Medicare problem!!!! Just like the movie Solent Green!!! Coming to your neighborhood soon compliment from the Obama Adminisrtation!!!!! It's Saturday tommorow time to put Granny on the street for the pick-up!!! Your check will be sent along with your Unemployment check!!!!OBAMA'S

 

[Toro]

Dude, tone down your caps. Its not necessary.