Home

The House Fiscal Year 2019 Budget and Its Effect on Seniors

Leave a comment

 

 

The House Budget Resolution for Fiscal Year (FY) 2019 would make cuts to the Medicare, Medicaid and Social Security programs and repeal and replace the Affordable Care Act (ACA), actions which would be harmful to millions of Americans.

The House Budget Resolution for FY 2019, introduced by House Budget Committee Chairman Steve Womack (R-AR), was approved by the House of Representatives Budget Committee on June 21, 2018.  This budget proposes drastic cuts in federal spending for programs of importance to most low- and middle-income Americans while protecting nearly $2 trillion in tax cuts, which mainly benefit the very wealthy and large profitable corporations and dramatically increase our deficits and debt.  This paper summarizes some of the key proposals in the House Republican FY 2019 budget resolution that would affect seniors and people with disabilities who rely on Medicare, Medicaid and Social Security.

Medicare

The budget resolution proposes $537 billion in cuts to Medicare which would be achieved by ending traditional Medicare and increasing health care costs for beneficiaries.  Chairman Womack’s plan assumes savings for the federal government by privatizing Medicare and shifting costs to Medicare beneficiaries.

Privatizing Medicare with Vouchers/Premium Support Payments

Under premium support, when people become eligible for Medicare they would not enroll in the current traditional Medicare program which provides guaranteed benefits.  Rather they would receive a voucher, also referred to as a premium support payment, to be used to purchase private health insurance or traditional Medicare through a Medicare Exchange.  The amount of the voucher would be determined each year when private health insurance plans and traditional Medicare participate in a competitive bidding process.  Seniors choosing a plan costing more than the average amount determined through competitive bidding would be required to pay the difference between the voucher and the plan’s premium.  In some geographic areas, traditional Medicare could be more expensive.  This would make it harder for seniors, particularly lower-income beneficiaries, to choose their own doctors if their only affordable options are private plans that have limited provider networks.  Wealthier Medicare beneficiaries would be required to pay a greater share of their premiums than lower-income seniors.

More

God save the oil cartel subsidies and to hell with the poor!

11 Comments

Marti Oakley (c)copyright 2011 All Rights Reserved

_____________________________________________ 

While the Republicans disparage any thoughts of asking the upper 3% and corporations to pay their fair and equalized share of taxes, they also fight like banshees to prevent the repeal of the 36 billion in tax credits and subsidies to the oil cartels which continue to produce billions and billions and billions and more billions, in net profits.  

God forbid we should even bring up capping the prices the cartels can charge the public for their products.

With both party’s having done their fair share of damage to the economy, jobs and the standard of living for most of America, neither party is too keen on rolling back the unearned and unnecessary financial privileges extended to high dollar corporate campaign donors especially when these funds from the oil conglomerates are so lucrative. 

With the battle still raging in the District of Criminals regarding how to cut spending it is apparent that no one considered the idea that possibly cutting those massive subsidies to oil companies might just lessen the load a bit.  Instead, knowing that oil prices had risen an average of 40% above last year (no reason for this other than they could raise them) our collection of jackasses in the District decided the best way to save money would be to cut fuel assistance to low-income families; that was far more acceptable than exercising any sort of control over oil cartels. 

Besides, poor people aren’t likely to take you to expensive restaurants or to fly you around on one of their corporate jets to some vacation get away disguised as a government business trip and they don’t have the money to finance your political career…..so screw them. More

Psssst. Social Security. Can You Spare The Gov Another Trillion?

7 Comments

 W.R. McAfee, Sr.

Copyright © 2011 by W.R. McAfee, Sr.  All rights reserved.

_______________________________________________________

“Somewhere in a closed room—Washington, New York, hard to say— there is, in my opinion,  talk of  phasing out the most successful government program ever initiated for the common folk because the banksters, who’ve  openly  taken over the government’s finances are either unwilling  to bail it out or, since there’s not enough left in it to steal, are thinking about just shutting it down.   

____________________________________________

Today’s elected thieves, Wall Street crooks, and international banking cabal are trying to sell Social Security’s demise to the country in the midst of the financial shutdown they’ve engineered with its accompanying 15 million unemployed and a 22% unemployment rate  (Click here to view link) .

Without Social Security, millions more would become as desperate as the unemployed.

Desperate people are malleable people if you’re trying to sidestep a Constitution and force an elite-appointed global government on them. More

Dear Senator Harkin: Knock! knock! Puddin’ Head! We’re broke!

1 Comment

Marti Oakley (c)copyright 2010 All Rights Reserved

1-320-281-0585

_______________________________________________________

JACKASS ALERT!

This week’s Jackass Award goes to Senator Tom Harkin.  While the country founders in debt, Senator Harkin maintains that he has the constitutional right to create debt through the use of earmarks!  Makes him look really good at home come election time!

__________________________________________________________Yesterday I sat through about 45 minutes of arguments on the Senate floor via C-SPAN, regarding the use of earmarks which by the Senates’ own admission, costs the country an average of 350 BILLION dollars per year.  This is money spent by elected officials which amounts to an indirect tax on the country as a whole; a tax which will be converted to campaign slogans and bragging about how Senator “So&So” brought home the bacon.  Unfortunately, the entire country has to buy that pig although few us will get to sit down to the meal.

Much to my amazement Senator Harkin (D) IA. , gave a long and tedious speech about how the “sun shines” on all the earmarks and these are public knowledge, and how this is somehow the right of Senators to continue to spend us into un-repayable debt while indirectly taxing us to promote their campaigns.  Using the words “sunshine, transparency, and the CONSTITUTION, Harkin claimed it was their constitutional right to spend money we don’t have just to make themselves look good at home. 

I found this speech all the more amazing as Mr. Harkin just voted for cloture on S.510, the fake food safety bill, which assaults any number of constitutional rights of individuals.  It appears obvious those “rights” only apply to the Senate as far as Harkin is concerned.  During his high drama speech on S.510, filled with skewed data, and the usual bleating and crying about people “dying and suffering” right now!,  which he claimed he had personally worked on for years, it seems the Senator didn’t recollect anything about the Constitution as it pertained to the citizenry.  Must be some kind of congressional Alzheimers; selective memory or expedient mis-recollection.  Whatever it is, Harkin seems to be in advanced stages of the disease.

It also seems glaringly apparent that few Senators, nor any one else in government for that matter, have any comprehension or concern for the enormous debt that is piling up as we are systematically driven into a debt so massive and so incomprehensible to the average person, that the actual numbers cause the mind to go numb. 

I find it appalling that with 22 million Americans out of work, 48 million families on food stamps, the Federal Reserve poised to collapse the dollar, no one willing to buy any more of our treasuries due to our massive and unrepayable debt load, that any government official, much less a Senator would advocate for a practice that costs the country annually, 350 BILLION dollars! With annual revenues in the toilet due to massive unemployment, the idea that any Senator would be enraged by the idea that one of his cash cows was about to be tipped over while the country slips further into economic collapse,  just infuriates me.

So, to Senator Harkin and all those other government officials who obviously believe that money does grow on trees:

 KNOCK! KNOCK! PUDDIN’ HEAD!   WE’RE BROKE!  STOP SPENDING MONEY WE DON”T HAVE! 

I personally believe that any Senator or Representative who obtains the benefits of indirect campaign promotion through the use of earmarks, should be required to pay taxes on those funds and should also be required to forfeit their annual salary as an act of good faith to offset the debt they created through the practice of earmarks.

Hitting them in their pockets while they pick our pockets might slow the progression of one of the most corrupt practices in congress.

Obama Puts Social Security on the Chopping Block!

Leave a comment

A NATION BEGUILED.COM 

“Notice at the end, the point made about how, thus far, Social Security has been running a SURPLUS!  They don’t mention anything about that.”

__________________________________________

 By James Ridgeway

Hope for lasting liberal change was washed away on Tuesday—not just with the loss of the Democrats’ super-majority in the Senate, but with a closed-door deal that would lead to cuts in bedrock liberal programs such as Social Security, Medicare, and Medicaid. While Massachusetts voters were casting their ballots to install Republican Scott Brown in Ted Kennedy’s Senate seat, President Obama was hammering out an agreement with Democratic leaders to support a commission on the deficit with the power to propose reductions to entitlement programs. This proposal represents a capitulation to conservatives in both parties, and leaves liberals surrendering not only on health care, but on the core achievements of the New Deal and the Great Society.

Under the agreement, President Obama would issue an executive order to create an 18-member panel that would be granted broad authority to propose changes in the tax code and in the massive federal entitlement programs — including Medicare, Medicaid and Social Security — that threaten to drive the nation’s debt to levels not seen since World War II. More

An Urgent Message From Tom Tancredo

2 Comments

 

Tom Tancredo PicDear Friend, 

A new Congress was sworn in only yesterady, and already there is talk of amnesty!  Don’t these guys remember what happened the last time they tried to sell this country out with an amnesty?  Americans screamed “No Amnesty!”.  Well, we can’t waste any time — we have to keep the pressure on — we must stop them again!
 
Although I have retired from Congress, I haven’t retired from the fight to secure our borders against illegal immigration…far from it!  That’s why I urge you to stand with me again–becasue only together can we derail this new effort by the Senate to jam amnesty down our throats.
        
Senate Majority Leader Harry Reid told reporters that he “didn’t expect much of a fight” if he introduced amnesty.  Our job is to let him know he has it all wrong!
           
You and I, alongside Team America, fought in the trenches in that epic battle…and with the overwhelming support of the American people we beat back amnesty and defeated the Bush White House, La Raza, the U.S. Chamber of Commerce and the open-borders Democratic majority in the U.S. Senate.  
 
What’s changed since then?  Things have gotten worse!  Our nation’s economy in the tank; with unemployment climbing every month and state and local governments scrambling to meet their obligations as their tax revenues drop.  There is unprecedented violence and lawlessness on the US-Mexico Border.  The last thing we need is a massive amnesty that is a green light for even more illegals to pour over our southern border! 
 
The stakes are greater than ever.  We must beat them again!  And if it means going into the trenches against Senate Majority Leader Harry Reid, his Senate cronies, corporate America, and the La Raza crowd– and anyone else for that matter– then we must be ready!  
 
I need you to do two things:  First, start calling your Senators today! (Toll free number is 1 (866) 220-0044).  Tell them: “No Amnesty for Illegals!”  Tell them with record unemployment, deficits, and violence on the border, any amnesty is completely unacceptable.  We need to turn up the heat now!
 
Secondly, I must ask you to send a generous contribution to Team America!  We need your help to keep going.  That’s why your contribution to Team America PAC is so important!
         
Your best gift, for $35, $50, $100 or even more, is critically needed for us to be ready to again lead the anti-amnesty coalition in Congress and across the nation. 
          
We always knew the fight was not over.  And I know we can stop them again!  Thank you for your tremendous support of Team America and our immigration reform cause.  I deeply hope I can count on you to help us today!

Your Friend,
Tancredo Signature
Tom

Grandfather Economic Report series

Leave a comment

http://home.att.net/~mwhodges/debt.htm

 

Federal Government Debt ending fiscal year 2008 was $10 trillion and climbing
That’s about a Trillion dollars higher than last year.

In the 1990s $2.8 trillion of new debt was created;
more than created in the nation’s entire history prior to 1990

In the 4 years 1997-2001 total federal debt increased $438 billion,
a period when politicians bragged about a $557 billion surplus.
That’s a $1 Trillion creditability gap.
(Some might suggest Enron and others learned reporting gimmickry from government practices)

An additional $4 trillion of debt was added in 2002-2008

FEDERAL GOVERNMENT DEBT of $10 TRILLION = $32,716 per PERSON, and rising Fast !!

If  we divide fiscal year 2008 ending debt of $10 trillion by the population of 304 million we have debt per person.

                                                                                                At the left is a chart showing the rapid build-up of federal debt per man, woman and child to $32,716.

This means a family of four (4) shares $130,864 in federal debt responsibility – – including those still in diapers – $11,572 more than last year. And, that’s not all they owe.

Our nation’s founders were against debt. At the writing of the Constitution they were concerned about debt incurred to finance the Revolutionary War, and it was their intention to promptly pay it off. Alexander Hamilton (federalist paper #7) called for the “extinguishment of all debt.” Thomas Jefferson later wrote, “I place economy among the first and most important of republican virtues, and public debt as the greatest of dangers to be feared.”

If today’s debt ratio to national income were the same as in the early 1970s (40%), today’s debt would be a whopping $3.6 trillion ($12,000 per person) less than it is.

Is the debt going down? Nope!! In fiscal year 2008 (ending 9/30/08) federal debt rose to $10 trillion –  $1 Trillion more than the prior year, which is a one-year increase of $2,893 per man, woman and child – or $11,572 more per family of 4 – – another in a long string of new records.

During the period since the Sept. 11, 2001 terrorist attack, federal government debt increased $4.3 trillion.Some might say, “But isn’t more debt OK to fight the ‘war on terror’?” My response: did they reduce non-defense spending to fund our protection, since the major reason our founders formed a federal government was for national security? Answer: Nope!! They increased non-defense spending, too. How many senators and congressmen can you name who proposed serious legislation to significantly reduce non-defense spending in that period?

Question: Subterfuge continues, such as how could officials claim budget surpluses in the late 1990s, and that they paid down debt, when total debt increased to a new record high each and every year?


Answer: the general federal government did not have a surplus in any year in the past 20.  For example > During the 4-year period FY 1998-2001 politicians claimed a $557 billion surplus, yet total debt increased $438 billion in that period – – meaning the actual situation was nearly $1 trillion over-stated, which makes such ‘hide-the-debt’ scandals like Enron look like child’s play.

The Deficit-Trust Report shows the general government spent more than its general revenues every year, and covered up over-spending deficit by siphoning-off all $ 3.3 trillion cash surpluses incoming to trust funds, including spending every penny remaining in the social security trust fund on non-pension items – – creating even more non-marketable debt IOUs to ‘paper-over’ their actions – – while claiming they want to ‘save social security’. (If a private firm did that to its employee pension fund its officers would go to jail – a law in every state).

This site can also be accessed by clicking the “national debt clock’ in the links section.  This is an extensive site loaded with links to government debt and its source. 

 

http://home.att.net/~mwhodges/debt.htm

%d bloggers like this: