Posted on 08/08/2009 10:33:34 AM PDT by FromLori
What's really behind the push in the healthcare bill to limit, by government decree, healthcare options? It's because of the government's medicare Ponzi scheme that makes Bernie Madoff look like just a simple short-game grifter.
As Gary North points out, Medicare's hospital fund is already bankrupt:
This is taken from a March 25, 2008 press release from the U.S. government's Department of Health and Human Services. This year the HI Trust Fund will spend more than its income, and from 2009 through 2017, about $342 billion will need to be transferred from the Federal treasury to cover beneficiaries' hospital insurance costs.
The hospital trust fund is the heart of Medicare. How is medicare going to make up the difference? It is going to sell off non-marketable Treasury IOU's back to the Treasury? What is that going to mean? Here is North again:
If the trust fund were filled with corporate bonds or bonds issued by foreign governments, the sale of trust fund assets would not have any effect on the Federal deficit. But because the trust fund contains nothing but Treasury IOUs, it will have an effect on the deficit. It will raise it.
This means that funds from general revenues must pay Medicare obligations this year. Problem: General revenues in fiscal 2009 are expected to be $1.8 trillion in the red...Part of that general fund deficit is covered by Social Security revenues (FICA). These revenues are paid into Social Security by employers and employees. Excess revenues after Social Security payouts are transferred to the Treasury in exchange for nonmarketable IOU's from the Treasury.
The increase in the debt for Social Security's trust fund does not appear on the on-budget debt of the U.S. government, i.e., the debt reported by the various government debt clocks. It is off-budget debt. The public is unaware of this.
This cookie jar is expected to be empty in 2017, as the Trustees report. But the recession is creating unemployment. Unemployed people do not pay FICA taxes. So, the 2017 date is optimistic. The cookie jar could be empty as early as 2013, according to Prof. Kent Smetters of the University of Pennsylvania's Wharton School.
Smetters is an expert on the issue of the two programs' trust funds. His 2005 testimony before Congress on the off-budget unfunded liability -- $83 trillion -- is here (pdf). Like Bernie Madoff's scam, the government's medicare/social security scam is about to be overloaded with money demands. The government won't be able to meet these demands given its current expenditures and income stream. Aside from printing money, the only option the government has is to cut expenditures. Got the picture? So where are they going to cut? The young that they can patch up and put back into the workforce, or those whose working days are over?
If you are no longer working, the government considers you a burden. You have already had your "good years". (Translation: "Good years" = Taxpaying years)
Overall, one-fourth (24 percent) of the elderly population reports their health status as fair or poor. Chronic conditions requiring increased contact with the medical care system and ongoing health care costs are more prevalent in the elderly population than in the non-elderly population.
When you here government managed care, think government decisions on who gets what care and when.
Bottom line: There are two steps that need to be taken, let the young start saving up and buying their own health insurance. Under their own control, they are not going to put their money into nutty programs that kill then off when they get older. For those trapped, Bernie Madoff style, in the current system, well, they stripped Mrs. Madoff of her playthings, including her house, her furs and her jewelry. It's time to follow Ron Paul's advice and strip the government of its playthings, wars here, wars there, outposts here and outposts there and use the money to pay for healthcare for the elderly Americans who built this country, but were conned by their government that now wants to kill them off.
1945 + 65 years = Baby boomers start retiring in 2010. How are the Dems going to keep spending like rabid Marxists if an ever gowning portion of their annual budget is being ate up by COL adjustments to pay for Soc Security benefits?
Thanks MN good point!
Getting them to die off fixes both SS and Medicare.
Now that we obeyed a whole slug of pain-in-the-arse laws allegedly passed to protect us and have us live longer, the goobermint wants to kill us off.
I don't care about collecting any interest on the SSI I and my employers have paid in on my behalf. Just give me my money back.
AND the democrat politicians get to keep their 50+ years of Social Security payments to buy more votes from the illegal aliens (for the coming amnesty bill).
Oboma didn't pick a Hispanic Supreme court judge for nothing, you know. He could have gone completely communist like he did his Czars, but didn't.
The democrats need to trade the outgoing baby boomer vote for the illegal vote, otherwise, their base will dwindle to almost nothing a decade or so from now.
Power and privilege. To the democrats, it's ALWAYS about voting blocks. Always!
You have certainly got it right. It has nothing to do with healthcare at all, its just so the elitists will still have a source of money to steal and keep them in power. I wonder if anyone really thinks Ogabe cares on way or the other what happens to them. He’d as soon have you “put to sleep “ as look at you.
We’ll have to re-make “Old Yeller”, starring Grandma
Wouldn't killing off the "burdens to society" (the elderly and disabled) be cruel and unusual punishment? I thought that was unconstitutional.
BFL
DO NOT FORGET THE DEATH TAX ON ESTATES. Property will have to be sold to settle debts and taxes will be levied on those sales. This is a win-win-win-win for the government.
There has been alot of discussion for years about the pending crisis with Soc. Security/Medicare as the baby boomers retire. Obamacare has come up with a solution-—the final solution.
As a boomer I must say there is a certain irony that the socialist / communist government the majority of the boomers consistently voted for is the type of that kills them when they are most defenseless. How’s that Hopey Change working out for you AARP members?
Well, you’re also dealing with the culture of death here. They just like to see people die, from the unborn, to the partial born, to the infirm and the elderly. Very simple. There’s really no “why” to it, they just like control and death.
Someone convince me otherwise.
They are a drain on Society, and those resources can be best used on those who can make a Contribution to the PARTY...errr ... Society.
So said the Propaganda films produced for ADOLF HITLER, as part of the “Existence without Life” films. I guess they were used as a test run for the “Final Solution”.
Today the OLD and the ABORTED.. then the final Solution.. Camps for Conservatives.
(NO, I’m not laughing...no sarc tag)
LOL!
This video proves that liberalism is a mental disease. Watch this dem congresscritter tell a child that is worried about healthcare for our vets that our soldiers are killing themselves. It’s unbelievable!
In a socialist society, when the money starts to run out, someone is chosen to die. Most dictators just pick a group and shoot them because it's quicker.
Oboma and the democrats are choosing the "Terry Schiavo method" instead.
If we make it to 2017, the bankruptcy of the United States will be complete.
In 2017, the United States of America will officially be a third world nation.
The federal government of the usa is absolutely evil.
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