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November will tell us a lot about Americans

September 7, 2012 1 comment

Jobs numbers are out.  Even though we added only 96,000 jobs, which is less than what we need to simply keep up with the population increase (in other words, it represents a net decrease in jobs), the unemployment rate actually dropped from 8.3% to 8.1%.  Why?  Because 368,000 people dropped out of the workforce, i.e., stopped looking for jobs.  This drops the labor force participation rate to 63.5%; its lowest since 1981.  The percentage of men in the labor force?  69.9%.  The lowest since 1948.

Let’s face it, the economy simply hasn’t improved.  It’s been 43 consecutive months of unemployment over 8%, and in addition to being a crappy unemployment rate, 8% also represents the primary argument for Obama becoming a one term proposition.  We were sold a bill of goods just a few months into the Obama presidency.  We were told that borrowing $800 billion of what is ultimately taxpayer money, and giving it to those constituents favored by the Dems, would result in unemployment never rising above 8%.  Not only has unemployment gone far above 8%, it has yet to drop below it.  8% would destroy any other president, and it should destroy this one.

This is where I get to the part about November telling us a lot about Americans.  Are we really that stupid?  And by “we,” I mean someone other than myself, since I didn’t vote for him last time.  Let’s face it: Hope and Change has given us about as much as one might rationally expect.  That’s right, I said “rationally.”  I’ve always said liberalism is the politics of the weak-minded.  Why?  Because it’s emotionally satisfying to say things like “everyone should have enough to eat,” or “everyone should have affordable health care.”  No one will ever disagree with these statements.  The problem is, actually making them so is impossible; decades of liberal policies have proven it.  The left’s desire to push low-income housing gave us the economic collapse.  The left’s Social Security and Medicare programs are bankrupt.  And now we have Obamacare, which seeks to force insurance companies to provide “government approved” plans to everyone, regardless of their health, for “governent approved” premiums.  These things aren’t possible.  But try telling that to a crowd consisting of college students, government employees, and these people:

We’re totally middle class

Gas prices have more than doubled since Obama became president.  He’s added more to our debt than any president in history.  There are more people using food stamps then ever before.  And now he wants to increase taxes on all the rich bastards, which will do something positive, although no one has ever been able to tell me what.

Barry wants more time.  Does he deserve it?  If any of us failed at his level over a four year period at our jobs, and then told our bosses we simply needed more time, we’d likely get just enough to clean out our offices.  Yes, he inherited a mess…that he specifically sought out.  It’s not like someone put his name in the presidential voting box as a joke, and he just happened to win (although sometimes I wonder…).  Four years ago, Barry put on his big-boy pants, bumped fists with Bill Ayers, and decided to spend millions to become the most powerful person in the world (notice how I didn’t say “most powerful man.”  #toleranceanddiversity).   As much as he’d like to run from it, he owns this economy.

The polls show a dead heat.  At this point in their race, Carter and Reagan were similarly situated, with Reagan eventually running away with it.  When push came to shove, the American people concluded that Carter was incompentent, so hey, let’s elect the other guy.  If Americans don’t come to the same conclusion in November, I will finally have the proof of what I have for so long suspected: everyone is stupid.  Especially Scarlett Johansson.

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Why None of this Debt Ceiling Stuff Matters. Vol. II: This Time With Graphs

August 2, 2011 Leave a comment

Well Congress did it…they passed the debt ceiling bill.  Hooray!  Hooray!  We’ve avoided certain DOOM.  So, it’s all over now right?  Well, sorta.  I mean, the debt ceiling crap is over (for now), but we did just pass a bill that allows the treasury to borrow another $2.4 trillion!  From a conservative’s perspective, the deal seems better than contracting syphilis, but not by much.  But still you ask how could averting DOOM not matter?  DOOM is, after all, bad.  This is why:

So what does this fancy graph mean?  It means that, by 2049, every penny of tax revenue will get eaten by the entitlement programs.  And even if we raise revenue by taxing the filthy rich, it might get us a few more years.  And absolutely nothing is being done about it…and I don’t really anticipate anything being done about it until we simply run out of money and the programs all go bust.

I know, you’ve been told that stuff like Social Security doesn’t contribute to the deficit.  “Never contributed a nickel” is what libs like to say.  They point to the FICA on your paystub and say “see, it’s earmarked for Social Security.”  Here’s the problem: there is no special little fund where the FICA goes…it goes into the same pot as all the other taxes, and Social Security (and Medicare, and Medicaid) get paid out of that pot.  So, instead of your FICA going to a bucket somewhere so that it can pay you upon retirement, it’s actually going straight to your dad (freeloader).  Anywhere else, this sort of “take from Peter to pay Paul” relationship would be illegal…it’s called a Ponzi scheme (see Bernie Madoff).

Here’s the point: we’re never going to get rid of our debt without significantly changing the entitlements…and no one will touch “granny’s income” until there literally is no income.  Without doing something about entitlements, we eventually get this…

…debt we literally can’t pay for and we get DOOM for real.  Don’t believe me?  See Greece.  Don’t worry though.  Your Congressman who doesn’t want to hurt granny will be dead by then.  And you’ll be eating cats.   But not those big fat cats like Garfield.  I’m talking the small, bony cats you see in those ASPCA commercials.  Yes.  The ones with all the lesions.

Oh, and you think I’m kidding.  Remember Moody’s from Vol. I?  Well, even with the debt ceiling increase, they’re still considering downgrading us.  Why?  Because of the fancy graphs upstairs.  So, hooray for compromise!  Hooray for cooperation!  Hooray for taking over my t.v. for several days and ultimately doing nothing that will matter in the long run.

My argument for the wealthy.

July 12, 2011 1 comment
Official portrait of United States Secretary o...

I want your money.

I’m here to stand up for the wealthy.  And by that I mean the ridiculously wealthy.  You know…the Scrooge McDuck types.  Is it because they need it?  Obviously not.  Is it because I’m one of them?  Obviously not (If I was, you’d know it because you’d see my awesome blog (and face) on huge billboards.  Everywhere.).    Is it because I hope to be one someday?  No.  In fact, the longer I live, the less I care about how much money I make.  I’m perfectly happy spending my weekends scaring my neighbors by mowing my lawn shirtless while drinking PBR.  I’m going to stand up for the wealthy because, well, I’ll get to that later.

As you may know by now, Washington is all a-twitter with the debt ceiling debate.  Apparently Congress needs to authorize itself to spend more of our money, and it’s having a difficult time securing such authority.  The right wants huge spending cuts…which include cuts to the entitlements.  The left doesn’t like to cut any entitlements, but instead, wants to raise taxes on the dirty rich people.  Many people out there think asking the ultra-wealthy to carry a little more of the burden, as opposed to taking food out of the mouth of grandma, is fair.  I say many people are idiots (and no one is trying to take food away from grandma, by the way).

Today, Treasury Secretary Tim Geithner said this:

‘The president has proposed some very sensible tax reforms that would eliminate loopholes and ask the wealthiest Americans to pay a modest additional share of the burden,’ Geithner said.

“Modest additional share of the burden.”  To that request, I ask this: why?  It’s an undisputed, proven, absolute fact that the United States has the most progressive income tax in the industrialized world.  What does that mean?  This:

The latest data show that a big portion of the federal income tax burden is shoul­dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 per­cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare.

In other words, the wealthy are paying the majority of income taxes, while earning a comparatively disproportionate amount of the money.  At the same time, the bottom 50% pay virtually nothing as far as income tax.  What’s the point?  The wealthiest Americans already shoulder far more than their fair share.

Why do I care?  Because citizens of this country should benefit from their success.  We should all get to keep more of what’s ours.  And everyone should actually have to pay their fair share.  In fact, I’d bet you my lunch that if everyone actually did have to pay their fair share, you’d see both parties drop tax rates real quick.  But I digress….

The idea that we should tax the wealthy more because liberals can’t stop throwing money at the “most vulnerable” is nonsense.  And don’t start talking to me about “doing what’s right.”  Liberals lost the right to make the morality argument once they offered the assertion that an unborn baby equates to an appendix.  Oh, and if you’re really interested in “helping your vulnerable neighbor,” try walking next door and offering them some help.  That’s what most of us do.

None of this matters at the end of the day though, because real reform won’t occur without the economy truly crashing.  What’s real reform, you ask?  Allowing me to opt out of Social Security.  Allowing me to opt out of paying for public schools that my kids don’t attend.  Reforming the tax code and related legislation so that there are simple low rates for everyone (and every business), and all subsidies and deductions are eliminated.  That means no more of my money going to a solar energy plant that can’t light my house in January.  So, in a round about way, it’s all about me.

Paul Ryan actually has a plan to save Medicare. And he explains it on the interwebs with colorful graphs.

May 25, 2011 Leave a comment

Everybody seems to realize that Medicare is driving our economy into the ground long-term.  Few seem to have the guts to tackle it though.  Paul Ryan has taken up the mantle of being the only adult in the room, and has actually provided a detailed plan that works. Except he’s losing the messaging battle.  The Dems have convinced America that Ryan’s plan amounts to throwing granny off of a cliff.  It doesn’t though…in fact, it doesn’t affect Medicare benefits to anyone 55 or over at all.

The problem with Ryan’s plan: it involves too many numbers.  As such, Americans are falling asleep, only to be awakened to the sound of lefties yelling about grand-dad being left to die alone in the dark somewhere…while surrounded by lots of laughing-and evil-oil executives.  Fortunately, Ryan has realized the nature of Americans, and created a video with handy graphics.  I’ve embedded it below.  After you’ve watched it, and reviewed your copious notes, you can educate your parents and grandparents.

Categories: economics, health Tags: ,

Even the Feds admit Obamacare will increase costs.

September 10, 2010 1 comment

That thud you hear is yet another obamacare fantasy falling to earth.  This time it comes with fancy charts, courtesy of the federal Centers for Medicare and Medicaid Services, via the Wall Street Journal:

 

What’s fun about about this thud is that it directly refutes the primary justification for Obamacare: to cut the rising costs of medical care.  Not only does it not cut costs, it’s projected to increase them!  And it isn’t just those with private insurance that it affects either.  As you can see, everyone’s costs will go up.  The only exception is medicare, and that’s only because the feds are going to under-reimburse doctors for their services (which sounds like a great way to secure quality care).  And keep in mind, this isn’t a Wall Street Journal study; it’s a federal government study. 

The dems are right about one thing: Obamacare will certainly go down in history. 

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