Lucille
04-23-2012, 12:58 PM
US Welfare State To Run Out Of Cash Sooner Than Hoped For (http://www.zerohedge.com/news/us-welfare-state-run-out-cash-sooner-hoped)
Medicare trustees just released their annual report on the program's finances and it does not make for healthy reading. In fact the main headline takeaway is that the social security fund itself will now run dry three years sooner than was projected in 2011. While 2035, the new deadline, seems a long way off, the 5% rise in medicare costs in 2011 should be enough to worry most and perhaps more disturbing is the separate disability program is set to run dry in 2016 (two years earlier than expected) and Medicare is to be depleted by 2014...
Check out Geithner's last line.
The GOP used to want to dismantle the Welfare State. Now they run on "saving" it. It's further proof that Americans' choice is between the big government party, and the really big government party.
Related:
hxxp://market-ticker.org/akcs-www?post=205077
You know I've written often about the fact that Medicare as it exists today cannot continue. The problem can't be fixed with either it or Medicaid, because the problem isn't Medicare or Medicaid -- it's the medical system and fixing that requires*****ing off a lot of very powerful corporations who make lots of bribes campaign contributions to various representatives, senators and of course Presidential candidates.
Call it President Obama’s Committee for the Re-Election of the President — a political slush fund at the Health and Human Services Department.
Only this isn’t some little fund from shadowy private sources; this is taxpayer money, redirected to help Obama win another term. A massive amount of it, too — $8.3 billion. Yes, that’s billion, with a B.
What Obama intends to do is fill in the hole that exists in Medicare Advantage (the "supplement" plans available to Seniors) for just a few months until after the election.
This will con Seniors into thinking they're going to all be ok with their Medicare but as soon as the election is over you will find out that you get screwed -- hard.
This is what the utter dishonesty of both sides of the aisle has come down to -- now we're to the point that we're literally buying a month of lies at a time to the tune of $8 billion that is being basically expropriated from a program intended for experimental "proof of concept" programs and redirected into literal vote-buying -- and a conjob for Seniors.
The question of course is "will you fall for it?"
LOL...
Medicare trustees just released their annual report on the program's finances and it does not make for healthy reading. In fact the main headline takeaway is that the social security fund itself will now run dry three years sooner than was projected in 2011. While 2035, the new deadline, seems a long way off, the 5% rise in medicare costs in 2011 should be enough to worry most and perhaps more disturbing is the separate disability program is set to run dry in 2016 (two years earlier than expected) and Medicare is to be depleted by 2014...
Check out Geithner's last line.
The GOP used to want to dismantle the Welfare State. Now they run on "saving" it. It's further proof that Americans' choice is between the big government party, and the really big government party.
Related:
hxxp://market-ticker.org/akcs-www?post=205077
You know I've written often about the fact that Medicare as it exists today cannot continue. The problem can't be fixed with either it or Medicaid, because the problem isn't Medicare or Medicaid -- it's the medical system and fixing that requires*****ing off a lot of very powerful corporations who make lots of bribes campaign contributions to various representatives, senators and of course Presidential candidates.
Call it President Obama’s Committee for the Re-Election of the President — a political slush fund at the Health and Human Services Department.
Only this isn’t some little fund from shadowy private sources; this is taxpayer money, redirected to help Obama win another term. A massive amount of it, too — $8.3 billion. Yes, that’s billion, with a B.
What Obama intends to do is fill in the hole that exists in Medicare Advantage (the "supplement" plans available to Seniors) for just a few months until after the election.
This will con Seniors into thinking they're going to all be ok with their Medicare but as soon as the election is over you will find out that you get screwed -- hard.
This is what the utter dishonesty of both sides of the aisle has come down to -- now we're to the point that we're literally buying a month of lies at a time to the tune of $8 billion that is being basically expropriated from a program intended for experimental "proof of concept" programs and redirected into literal vote-buying -- and a conjob for Seniors.
The question of course is "will you fall for it?"
LOL...