David Stockman: Republicans Have Abandonded Their Principles and Crippled the Economy

[Denny Crane]

Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

Medicare isn't a huge bureaucracy at all. It's the alternative which is--hundreds of competing insurance companies. That's what makes a doctor's billing department "needlessly complex."



If Reagan "saved Social Security," then I'd be "saving your retirement savings" by getting you into enormous debt, so that your interest payments exceed your pension.

Social Security trust fund is one of the largest holders of govt. T-Bills. It's not in debt, it's a creditor.

The system itself is fucked up because it has become an increasing tax burden on the people and it still isn't going to cover all the expenses it has from the takings it brings in.

 

[Denny Crane]

Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

http://www.washingtontimes.com/news/2010/aug/5/social-security-red-first-time-ever/


Social Security in the red this year

Social Security will pay out more this year than it gets in payroll taxes, marking the first time since the program will be in the red since it was overhauled in 1983, according to the annual authoritative report released Thursday by the program's actuary.

...

"The impact of health care reform is made clear by the Trustees Reports, which show some very positive developments for Social Security and especially Medicare," said Treasury Secretary Timothy F. Geithner. "But they also remind us that we must continue to make progress addressing the financing challenges facing the long-term solvency of these programs."