misterno, Are you an idiot? Joke right? All politicians are idiots. Scams. Scum. The biggest ponzi scheme of all time is the guberment. SS, medicare and medicaid are monsters compared to madoff. It's pretty funny! Do you know who holds the most of our debt? It's not China, it's intra-guberment holdings. The scam of all scams. The USA owns the most debt of itself....it's crazy....it's the biggest ponzi scheme of all time! obama will destroy this Country. Look at Greece and the UK and California. Do you know who rules the roost in the EU? It's Germany....b/c they refuse to take the socialist attitude and tax the sh*t outta peeps and spend ourselves into hell. No TT tax, little taxes is what empowers a Nation = Germany. obama said "no new taxes for the middle class".....TOTAL SCAM. How about Volker? A VAT TAX on top of the scam of the guberment?????? obama is increasing the guberment by 30%.....IRS alone will increase by 15%. Insane, and November will be the D-Day of what our Founding Father's empowered us to escape the evil socialist and guberment control of our lives. Get it? Anyone remember "We the People...."? Take responsibility and guide your life! Pick yourself up and get to work, my late Dad and GrandDad tought me. This crap of we deserve this and that...ugh. "You get what you deserve". BTW. THE AFLCIO.....whatever unions who bitch and complain about bailout's and wall street = Guess who bailed the auto industry out? obama. Told all bond holders to take a hike....broke all constitutional laws. GM cannot even sniff paying the pensions. And all these "Cadillac Plans" they bitched about? Sheesh, wish I had an GED, worked for GM, with benefits making $120k and drink beer and smoke out all day. <----That sums up a union person. That is the TRUTH.
bigpapi, hope your not the papi from Seinfeld that didn't wash his hands after making pizza. Eh? Get ready to get slammed in November. The biggest outrageous yelling is the liberal ass-wipes which the media doesn't not cover at all! Just like your post. Keep watching your "msnbs" rookie.
Amtrak - most people fly nowadays. USPS - people pay bills online and use email to send letters and documents. Medicare will not go broke. With the new healthcare bill, the law would raise the Medicare payroll tax by an additional 0.9% (to 2.35%, from the current 1.45%) on earned income above $200,000 for individuals and $250,000 for joint filers. It would also impose a Medicare tax of 3.8% on investment income, such as dividends and interest, for individuals with adjusted gross income above $200,000 and joint filers with AGI above $250,000. These taxes will go into effect in 2013. As far as Fannie Mae and Freddie Mac go, many other corporations in various industries lose money.
The whole reason for the bill is to save the ponzi scheme medicare. Ask any doctor or lawyer. Simple. It's all a SCAM.
The guberment owns 37% of our debt. How can that be? Well, it's a big shuffling of money. Does anyone know that the Federal Reserve is a privately owned institution....and the last filings of who owns it was 10 years ago? You cannot even get the shareholder list. The Federal Reserve is NOT a part of the guberment, even thou it sounds like it should be. So, when we hear about the Fed's decision about rates.....that is not guberment. It's the......
The good things about the bill are... 1) Insurance companies will have to take on people with pre-existing conditions. 2) Insurance companies cannot drop your coverage when you get sick and need the insurance the most. 3) Insurance companies won't be able to place lifetime dollar limits on your coverage. If every company in the U.S. stopped offering health insurance for their employees and families and cancelled their coverage, and everyone in the country had to go out and buy their own individual health insurance, then everyone will be glad that this bill passed. When you get coverage through an employer, it is a group plan, it costs more than an individual plan, but the coverage is guaranteed, even if you have pre-existing conditions. When you buy individual insurance, they can turn you down if you have pre-existing conditions, except in New Jersey, New York, Maine, Massachusetts, and Vermont, which are guaranteed issue states. Some of those 5 states do have a waiting period before they will start covering pre-existing conditions. Starting in 2014, insurance companies will have to take on people with pre-existing conditions in all states. Until then, individuals with preexisting conditions who have been uninsured for more than six months will be eligible to enroll in a national high-risk pool and receive subsidized premiums. Cost sharing will be capped at $5,950 for individuals and $11,900 for families.
Why would you force an insurance co. to pay for this: Think about it....it's like after a car wreck, they should be forced to cover them even though they had no coverage? That's a pre-existing condition...right? And that goes into the point of why this bill will take this Great County down. What obama is trying to do is force Capitalism to the knee's and say that the guberment can do it better. What obama is trying to do, will be financed by who? Seriously, it all sounds good on paper.....just like my analogy about the car wreck, but no one can fiance that deal. Well, the guberment and plastic peliso...she is from california right? The state that is more in the hole because of the same give out's u r talking about. Boxer....she from there, right? Cali is toast. If you want a real State....it is Texas. Bring your liberal ass's here and we will smoke them. The best economy, no state taxes, housing prices steady. So, print more money.....and get us in more debt!
As usual with you hermit, it isn't that simple... and the chart leaves off Obama!! Oh my the higher bars just would ruin the scaling. Let's review: there are 3 branches of government and it is the congress, not the president, that makes laws (budgets). I do agree that Bush and congress 2002-2006 could have done better. Reagan however never had a chance to get his budgetary wishes since dems pronounced them DOA and forced him to compromise by spending on their programs. Carter numbers look ok, because he didn't get along with a demo congress and they could not do too much. The carter years were marked by stagflation and that era is considered an economic failure. By the late 80's medicare and medicaid started exploding, these were entitlement programs and nobody touched them. They were by then the primary drivers of debt. Bush I and and demo congress made a deal to stop the deficit plunge, the famous breaking of the 'read my lips' vow because it raised taxes. The chart is biased (gee I wonder why) because it incorrectly assigns the '93 cycle to Clinton. The 93 budget is set in the fall of 92, when Bush I is still around. So in spite of recession it appeared the deal worked. Carters years are 78-81, but since that looks worse then I'm sure the author would not correct it. Along comes Clinton with his gay little spending plan, which was so small as to be insignificant. But what got him into real trouble was gays in the military and health care reform, so much trouble that along came the republican revolution. I notice the chart ignores that eh? These were real conservatives who had control of the checkbook. Slick Willie was forced to the right. We had welfare reform, cap gains cuts, etc. I agree they benefitted enormously from the stock bubble, and ignored the coming entitlement bomb, but aside from cutting military too much it pretty much worked. Almost everyone looks to 1995-2000 as a time when things felt ok, a time when real live conservatives were in power. Bush II started off ok, but along came 9/11 and I think he and congress didn't handle it well at all. That along with his new entitlement were pretty much the story to 2006. The war should have been paid for with a war tax. The main story now though is how since Carter no one will do anything about exploding entitlements. This is the primary driver of deficits and by 2020 the entire federal revenue intake will cover only entitlements and interest. This is actually the optimistic plan that Obama puts out, guess what if there is another crisis? We have had 3 major economic crisis in the last 10 years, any bets on a fourth? Obama doesn't know jack about economics, he was curiously quiet in the fall of 2008. He can serve up endless hollow platitudes but when it comes to hard choices and analysis he hasn't a clue. I don't fault him for that since most presidents are that way, however he is no smarter than any of the previous. The plans all come from Paulson, Geithner, Summers, and faceless staffers in congress. Their only 'genius' so far has been to spend over $2T of money we don't have to goose up and economy to maybe an annual 3% growth. Put it another way, they spent the equivalent of 13% GDP to get us an increase in 3% GDP activity, stimulus is a joke. So just because we have a better today you ignore the credit card bill it took to achieve that? My dog could have done that. How anyone with a working brain can look at all this and think that somehow things will all be ok is beyond me. How anyone can love Obama for this plan to hell just shows that religion an idealogy are more important than reality. Taxes will HAVE to increase enormously or there will HAVE to be enormous cuts. Barry just accelerated the already unworkable US model, maybe 2012 is right on.