The Truth about Social Security and the Federal Budget

The Publius Forum ^ | November 14, 2010 | Dan Scott

[dscott8186]

The coming federal budget debacle is one shrouded by lies wrapped in euphemisms, obfuscated by spin. Just as an example of the less than truthful statements coming from the Federal Government in it’s denial of the impending disaster to befall the nation I need only to point to the excerpt from the Trustee’s Report on Social Security.

The outlook for Medicare has improved substantially because of program changes made in the Patient Protection and Affordable Care Act as amended by the Health Care and Education Reconciliation Act of 2010 (the “Affordable Care Act” or ACA). Despite lower near-term revenues resulting from the economic recession, the Hospital Insurance (HI) Trust Fund is now expected to remain solvent until 2029, 12 years longer than was projected last year, and the 75-year HI financial shortfall has been reduced to 0.66 percent of taxable payroll from 3.88 percent in last year’s report. Nearly all of this improvement in HI finances is due to the ACA. The ACA is also expected to substantially reduce costs for the Medicare Supplementary Medical Insurance (SMI) program; projected program costs as a share of GDP over the next 75 years are down 23 percent relative to the costs projected for the 2009 report.

[dscott8186]

There can be no sacred cows, nothing can be spared from the ax that needs to be taken to the Federal Budget. If you voted to remove Democrats from government to stop the over spending now is the time to make those whom you sent clearly know they have to be tone deaf to the screams of liberals and faux tears when their programs get cut. If you fail to back those who take their poltitical life in their hands doing what you voted for then don't ever expect to see an America that was better than when you grew up not even for your children.

[kitkat]

***That’s right, the Law passed by Congress mandated the Trustees to LIE to the public BECAUSE they are required to knowingly make false assumptions about the effects of the ACA. The first false assumption is that doctors are going to work for peanuts and not drop most if not all seniors on Medicare.***

[screaminsunshine]

They are such obvious total liars. I can not trust anything they say. Nothing.

[screaminsunshine]

Just reduce communism and increase americanism. Works every time it is tried.

[RC one]

There can be no sacred cows, nothing can be spared from the ax that needs to be taken to the Federal Budget.

If that is the case, we should look at pulling our troops out of Korea and Japan. I'll bet we build quite a few F22s for the cost of annual operations in Korea alone.