Posted on 04/14/2005 1:46:32 PM PDT by babylontoday
By GAO (Government Accounting Office) estimates the "prescription drug benefit" program INCREASED BY 26% IN 2004, all historically accumulated, future spending obligations and committments of the U.S., including SS, Medicare, vet benefits, etc., accumulated throughout U.S. history, since before Roosvelt.
http://www.babylontoday.com/#gao_financial
The prescription drug benefit is the 8.1 trillion dollar portion, of the 13 trillion dollar increase, to a total 43 trillion, of current U.S. future spending obligation. But don't worry, according to the GAO, that only represents a $350,000 obligation per full-time worker in the U.S., SO FAR!
But sadly the following demonstrates that the spending will be much greater than that.
http://www.babylontoday.com/#cbo_drug
This according to the GAO Financial Statement 2004 GAAP (Generally Accepted Accounting Practices) "Fiscal Year 2004 Government Financial Statement". Here is a link with a graph of the CBO's own figures (which, if you don't think they do everything they can to be low, you have a screw loose) for the first 10 years of the prescription drug benefit using Excel Trend Projection to project the numbers forward conservatively into the future.
http://www.babylontoday.com/#cbo_drug
Do you really believe that this is the kind of spending we need in light of our exponentially mounting national debt?
http://www.babylontoday.com/#debt_chart
How long before our generous international creditors (kindness of strangers) decide that they are going to have to be paid higher interest rates in order to be convinced that they should risk extending us credit considering the obvious risk of U.S. default? What would this do to adjustable rate mortgages?
The following Treasury link
http://www.publicdebt.treas.gov/opd/opdpdodt.htm
demonstrates that foreigners are presently holding 3 trill 185 bill of the current 7 trill 800 bill of our outstanding debt. Today the U.S. requires 1.5 billion dollars worth of foreign capital every single working day, to finance our enormous deficits. When will foreigners get worn out by the spendthrift habits of our politicians and the increasingly obvious inability of the U.S. to ever pay back the loans? When will they tire of being hosed by holding U.S. dollar denominated assets in a rapidly collapsing dollar?
http://tfc-charts.w2d.com/chart/US/M
Look at the chart of U.S. income compared to debt. It is obvious that we cannot service exponential debt with linear income. What if this applied to YOUR household? I'll tell you what. You would be scrambling to take out home, so-called "equity", loans in the fast lane.
http://www.babylontoday.com/#debt_to_income
Clearly we should rescind the drug "benefit".
Fat chance of that happening. Bush has promised to veto it. Cannot mess with his legacy.
Bush has yet to veto anything.
http://www.heritage.org/research/features/budgetchartbook/charts_C/c5.cfm
Yea, just tell the AARP that it won't happen....right!
But the democrats promised even MORE!!!
Osama Bin Ladin caused an UPTURN in the economy. His deeds offered a REASON for the fall of the stock market. After the "explaination" Americans were ready to buy again. Stock markets are the product of mass social mood. Here's a chart of the Nasdaq and outside of volume on 9-11 you explain to me how Bin Ladin wasn't other than a postiive for the markets based on the Nasdaq chart below.
http://futures.tradingcharts.com/chart/NA/M
But then markets are the product of social mood.
http://www.socionomics.org/pdf/Bob_Futures_Interview.pdf
The DEMS are the real charlaitans!!!!!!!!
That's stupid. The democrats promised even more drug welfare.
And you don't find a 43% increase in a single year, in all previously accumulated future obligation, staggaring? Sorry admin but you are a nitwit!!!!!!
AND YOU CALL MY POST VAIN!!!!!!!!1
I am not talking about a drop in the stock market. Bin Laden introduced a high level risk aversion that people were not used to before. Anyone making any long term investment plans will be put off because of terrorism. But, that will eventually go away as he dies. This govt program, like any other program, will not only not go away but also grow to the point that it consumes our economy and the future generation. Thanks to Bush.
Yes by petty partisan nitwit trolls. Principle is what this is all about. The Consitiution Party is about the Constitution and the framers original intent.
It should be drug "entitlement."
Sorry, the level of risk is the result of social mood. If you look at this chart of the Nasdaq you will see that Bin Ladin is an absolute non-event-entity, except for briefly by volume and perhaps giving REASON for the misery everyone was feeling pre 9-11 as the chart demonstrates. Don't confuse the facts.
http://futures.tradingcharts.com/chart/NA/M
char·la·tan ( P ) Pronunciation Key (shärl-tn) n.
A person who makes elaborate, fraudulent, and often voluble claims to skill or knowledge; a quack or fraud.
It seems to me that the GOP are the "real charlaitans (sic)" since they are the ones supposedly in favor of limited government. The dems don't fraudulently make that claim.
And don't confuse your personal excuses for your losses, with the factual circumstances that actually caused them, namely GREED.
Why just pick on Nasdaq? There are lots of other exchanges. I dont really care what happened in the stock market. Stock markets go up and down and one act of terrorism will only cause a temporary flutter. What Osama did was introduce long term uncertainty in the economy, what you call social mood, that wont go away until he dies/surrenders/get caught and takes down the whole terrorism industry with him. But I could see that happening a lot before anything happens to the prescription drug program.
Comparing the two parties by this definition the Democrats are ALWAYS guilty.
The problem is the masses of idiots willing to be seduced by the bullsqueeze excreted by the likes of Bush, Kerry and the rest of those parasites.
If you think I'd "choose" either of those Big Stupid Government big spenders, you're nuts.
I have no time for stupidity.
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