For years now, the American people have been treated to a single response from Democrat lawmakers and executives when it comes to reforming our bloated, foundering retirement programs: There Is No Crisis. That’s been the mantra of Barack Obama, Harry Reid, Nancy Pelosi, and many other Democrats since George W. Bush attempted to stave off the collapse of the taxpayer-funded retiree safety net – the | Read More »
The New Testament book of Matthew contains a well-known allegorical tale known as the “Parable of the Ten Talents.” In this story, Jesus told of a man who entrusted his property to three servants while he was away. One servant was given five silver talents; another two; and a third one. The first two servants put that which their master had given them to good | Read More »
That’s what White House Budget Director Peter Orszag had to say about the Congressional Budget Office’s latest statement that “the probability is high that no [health care] savings would be realized” by creating yet another federal board to oversee the federal government’s $33 trillion Medicare mess. Here’s what Orszag said: With regard to the long-term impact, CBO suggested that the proposal, with several specific tweaks | Read More »
It’s no secret to anybody who’s been paying attention to budget numbers that the United States, with a current GDP of just under $14 trillion, is $52 trillion in the hole in one specific area: Medicare and Social Security payments owed to those who have already prequalified by paying into the system. “Think about that: Unless you accept government-run health care, you have to forfeit | Read More »
Steve Steckler thinks so, saying at The Arena: [K]udos to Obama for so boldly bring Medicare (and Social Security) into the conversation regarding fiscal discipline. The one big hope I have for Obama — a hopefulness encouraged by his selection of economic advisors — is that his enormous popularity, especially among liberals and labor/elderly constituencies that normally block reform — will give him enough confidence | Read More »
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