Posted on 12/28/2005 8:06:10 AM PST by soccer_maniac
Social Security, Medicare and Medicaid accounted for more than $1 trillion in the 2004 budget year, according to the Consolidated Federal Funds Report being released today by the Census Bureau.
Overall federal spending was $2.2 trillion, an increase of 5 percent from 2003.
(Excerpt) Read more at signonsandiego.com ...
Spending on Medicare, the federal health insurance program for the elderly, will increase with the introduction of a drug benefit in January.
The federal government estimates it will spend about $724 billion over 10 years to provide the Medicare drug benefit.
Maybe it will bankrupt Medicare within 10 years so we don't HAVE to sign up.....hoping....praying...
This'll turn into one of those Boomer-Basher threads pretty quicklike, I think...they always do.
Sh**, a drop in the bucket. We'll be looking back on 2004 as the "salad days" 5 years from now.
You DON'T have to sign up ever! Why did you think you HAD to??
Probably not as bad a number as the real cost of millions of illegals here.
Oh come on...whats $2,200,000,000,000 between friends?
Let's not forget that it was "the greatest generation" and their hero FDR that brought us this slippery slope.
Thanks RINO's for this great new debt that nobody even wants!!!!
I think, because most employers retirees get health insurance that coordinates WITH Medicare, and THAT'S where my husband is headed....
By 2031, there will be almost twice as many older Americans as today -- from 37 million today to 71 million.
There are currently 3.3 workers for each Social Security beneficiary. By 2031, there will be 2.1 workers for each beneficiary.
Might as well get the ball rolling . . . .
DAMN selfish baby boomers!!!
(I'm a boomer - so, yes, it's sarcasm!)
A large part of the probelm is this: SS taxes are delivered to the general fund as just another tax and is replaced with an IOU. The money that isn't used to pay SS benefits is spent by the gov't for other things. If the pols had to keep their hands of of the SS taxes, the problem would not be quite as large.
2.1 workers? Depends on what you consider a worker haha. According to all reports, educational standing within the world is dropping like a rock here in the U.S.
In other news, thug culture is on the rise in Toronto ha!
My Dad was a Commander in the United States Navy during WWII. And he HATED FDR. Every business man I know is very Conservative and do not believe in ANY socialist programs which are being jammed down our throats by uneducated lazy liberals.
Mine was a LtCdr, survived being sunk in Leyte Gulf, became a senior officer in a major US corporation, and to his dying day believed that FDR was the greatest president in our history. Needless to say, with my disdain for socialism of any stripe, this gave rise to many "interesting" conversations.
That aside, lets not forget that in addition to 12+ years of FDR, "the greatest generation" gave us 6 years of Truman, 6 of Johnson, 4 of Carter, and nearly 40 years of Democratic Congresses. We have their legacy to thank for Social Security, Medicare, Medicaid, and the establishment of federal entitlement spending.
The only equivalent increase is from Bush and the 109th: $724B for Drug Coverage, 1 million more federal employees, 81% growth in Dept of Ed. spending, 38% growth in Dept of Ag., 31% growth in Dept of Labor, 13,997 ($27.3B) in pork projects (31% increase over '04), and 6300 highway pork projects (another $24B), and lets not forget the efficient job we did spending taxpayer monies on Katrina relief.
My tagline is sufficient.
(shaking head)
Within 20 years from now the entire country will look like down town Detroit or Newark.
I keep telling my (mid-twenties) children to NOT have children. It is a pathetic statement to make to my children as I want grand-children. However, my Dad's prediction 50 years ago are becoming reality. And my predition for this country 50 years from now will become reality.
Sorry for the doom and gloom....
Yep, now I know how the President feels about getting bashed.
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