[SkyPilot]

Anger Over Credit Rating Resurfaces in Washington

I am in deep fear of where we are right now. I believe the stock market may crash on Monday. I know what the downgrade means - the cost of financing our soon to be $15 Trillion Dollar debt is going to eat up a much larger portion of our Federal budget.

There is a lot of blame to go around. The "Prescription Drug Benefit" that GW Bush and a Republican Congress pushed through was criminal - it has cost us dearly.

But, the majority of the blame goes to the Democrats and those who are greedy entitlement collectors, lazy welfare breeders, 99ner unemployment check direct deposit queens, Food Stamp schemers, and all the rest.

Entitlements are breaking our back, and no one will do anything about it.

[ilovesarah2012]

Cost of Medicare’s Part D drug plan is dropping

“Popular with beneficiaries, the program has also proven far less costly than budget analysts originally expected, in part because of competition among private plans and the growing use of less expensive generic drugs.

In 2012, the average Part D plan will charge seniors about $30 a month, the Department of Health and Human Services said.

That’s down from $30.76 in 2011 and would mark the second time average premiums have declined since the drug benefit was initiated in 2006.

By comparison, overall healthcare spending in the U.S. is expected to grow by nearly 5% a year between now and 2014, according to the latest estimates by government actuaries. Premiums on many private medical insurance policies are rising even more sharply.”

http://articles.latimes.com/2011/aug/05/nation/la-na-medicare-benefits-20110805

[rstrahan]

Tell Aviv stock market open this AM. Has fallen 12% with trading halted at one time. Look for the Asian and European markets to tank when they open late today our time.

[upchuck]

Entitlements are breaking our back, and no one will do anything about it.

You must understand that back-breaking entitlements are a big part of nobama's plan.

With nobama in the WH and Reid in the Senate, government teat sucker entitlements will not be touched. That does not include Social Security and Medicare. It does include Supplemental Security Income (SSI), food stamps, Temporary Assistance for Needy Families (TANF), Special Supplemental Nutrition Program for Women, Infants and Children (WIC) Medicaid, etc.

They may raise the qualifying age for Social Security, but they won't touch the "welfare" benefits. Gotta increase the size of that non-taxpaying underclass.