Posted: July 11, 2011 | Author: bostonboomer | Filed under: income inequality, jobs, Medicare, Psychopaths in charge, Republican politics, Social Security, the villagers, U.S. Economy, U.S. Politics, voodoo economics | Tags: Barack Obama, Federal debt ceiling, jobs, John Boehner, lying liars, medicare, Social Security, taxes |

President Obama at his press conference this morning, responding to a question by Ben Feller of the Associated Press (emphasis added):
Q Thank you very much, Mr. President. Two quick topics. Given that you’re running out of time, can you explain what is your plan for where these talks go if Republicans continue to oppose any tax increases, as they’ve adamantly said that they will? And secondly, on your point about no short-term stopgap measure, if it came down to that and Congress went that route, I know you’re opposed to it but would you veto it?
THE PRESIDENT: I will not sign a 30-day or a 60-day or a 90-day extension. That is just not an acceptable approach. And if we think it’s going to be hard — if we think it’s hard now, imagine how these guys are going to be thinking six months from now in the middle of election season where they’re all up. It’s not going to get easier. It’s going to get harder. So we might as well do it now — pull off the Band-Aid; eat our peas. (Laughter.) Now is the time to do it. If not now, when?
We keep on talking about this stuff and we have these high-minded pronouncements about how we’ve got to get control of the deficit and how we owe it to our children and our grandchildren. Well, let’s step up. Let’s do it. I’m prepared to do it. I’m prepared to take on significant heat from my party to get something done. And I expect the other side should be willing to do the same thing — if they mean what they say that this is important.
That’s pretty insulting. We’re not children after all. I guess the President was aiming his remarks at Congress, but really we serfs are the ones who will have to face the pain of these decisions aren’t we? That’s the real issue here.
President Obama has made some kind of proposal to the Republicans and hasn’t shared the details with us or with his fellow Democrats, as far as I know. All we know for sure is that two programs that we pay for with a separate revenue stream are on the table–Social Security and Medicare. Well, as of today, we know a little more. Sam Stein reports that Obama offered to raise the Medicare eligibility age to 67.
According to five separate sources with knowledge of negotiations — including both Republicans and Democrats — the president offered an increase in the eligibility age for Medicare, from 65 to 67, in exchange for Republican movement on increasing tax revenues.
The proposal, as discussed, would not go into effect immediately, but rather would be implemented down the road (likely in 2013). The age at which people would be eligible for Medicare benefits would be raised incrementally, not in one fell swoop.
Sources offered varied accounts regarding the seriousness with which the president had discussed raising the Medicare eligibility age. As the White House is fond of saying, nothing is agreed to until everything is agreed to. And with Republicans having turned down a “grand” deal on the debt ceiling — which would have included $3 trillion in spending cuts, including entitlement reforms, in exchange for up to $1 trillion in revenues — it is unclear whether the proposal remains alive.
Social Security and Medicare are vital programs that no one should be talking about cutting, especially now when unemployment is at levels not seen in this country since the Great Depression. Furthermore, we pay into these programs with our hard-earned money–they are not “entitlements.” But that’s mostly what we’re hearing about from the President and his Republican buddies–they are just drooling over the prospect of slashing the social safety net.
This isn’t a joking matter, Mr. Obama. Show a little respect for the people who pay your salary. Actually, one group liked the President’s remark about eating our peas, The Peat and Lentil Council.
A spokesman for the pea council said it wasn’t interpreting the remarks in a negative context.
“We take President Obama’s comment on the need to ‘eat our peas’ as a reference to the first lady’s push to get all Americans to eat a more healthy diet as part of the Let’s Move campaign,” Pete Klaiber, the council’s director of marketing.
“We know that if tasty and nutritious meals featuring peas are served more frequently in the White House and in the cafeterias of both Houses of Congress, it will contribute to a balanced diet, if not a balanced budget.”
Klaiber added, “Eating more lentils couldn’t hurt, either.”
If the President is really serious about “sharing the pain,” perhaps he should tell the White House chef to serve split pea soup and lentil loaf at his next dinner party.
Now to House Speaker John Boehner’s remarks.
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Posted: July 5, 2011 | Author: bostonboomer | Filed under: income inequality, Medicare, Psychopaths in charge, Republican politics, Surreality, Team Obama, The Great Recession, The Media SUCKS, the villagers, U.S. Economy, U.S. Politics, voodoo economics, We are so F'd | Tags: Barack Obama, crashing the economy, draconian spending cuts, economy, Great Depression, Health care, Medicaid, medicare, Republicans |

Please read this shocking story at The New York Times — there’s no way for me to excerpt all the important parts.
Obama administration officials are offering to cut tens of billions of dollars from Medicare and Medicaid in negotiations to reduce the federal budget deficit, but the depth of the cuts depends on whether Republicans are willing to accept any increases in tax revenues.
Administration officials and Republican negotiators say the money can be taken from health care providers like hospitals and nursing homes without directly imposing new costs on needy beneficiaries or radically restructuring either program.
What this really means is that more doctors and hospitals will refuse to accept Medicare and Medicaid patients, and nursing homes will turn away frail elderly patients who can’t pay out of pocket–because Medicaid will no longer be able to assist those who are poor or have already spent their life savings on health care.
“Congress smells blood,” said William L. Minnix Jr., the chief lobbyist for nonprofit nursing homes.
Mr. Minnix, the president of a trade group known as LeadingAge, is urging nursing homes to “bombard your senators with the message that Medicaid cannot be cut by $100 billion” over 10 years, as President Obama and many Republican lawmakers have suggested.
A coalition of hospital lobbyists, worried about the direction of the budget talks, has begun a national advertising campaign to block further cuts in the two health care programs, which account for about 55 percent of hospital revenues. The hospitals have made a commitment to spend up to $1 million a week through August on television, print and online advertising.
Now check this out: Chuck Schumer, supposedly a Democrat, is quoted in the article as saying, “We are very willing to entertain savings in Medicare. Medicare gives very good health care very inefficiently.”
Really? Medicare has almost no overhead, and it pays way below the going rate for health care services. That’s why so few private doctors accept Medicare patients right now.
Now think about what Dakinikat has told us about the dangers of cutting federal spending and read this:
Medicare and Medicaid insure more than 100 million people, account for 23 percent of all federal spending and are likely to be an important part of any budget deal. Military spending, which accounts for about 20 percent of federal expenditures, is likely to be included as well.
President Obama and his Republican pals are on a mission to bring down the American economy and bring on a repeat of the Great Depression. Can anything or anyone stop them? We need riots in the streets, but can elderly people do it alone?
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Posted: May 30, 2011 | Author: dakinikat | Filed under: Afghanistan, Elections, Foreign Affairs, Medicare, morning reads, Republican politics | Tags: Afghanistan, casualities, Memorial Day, NATO, Tornado relief, war |
Happy Memorial Day!
While this is the usual time to remember America’s war dead from past wars, it’s good to remember that we still have two wars going on today. As the saying goes, War is Hell. The BBC reports that Afghan leaders have put NATO on warning for recent ‘collateral damage’.
The BBC’s Quentin Sommerville said villagers brought their dead children to the governor’s office shouting: “See they aren’t Taliban”
Afghan President Hamid Karzai has forcefully condemned the killing of 14 civilians in the south-west of the country in a suspected Nato air strike.
Mr Karzai said his government had repeatedly asked the US to stop raids which end up killing Afghan civilians and this was his “last warning”.
A Nato spokesman said a team had been sent to Helmand province to investigate the attack carried out on Saturday.
Afghan officials say all those killed were women and children.
The strike took place in Nawzad district after a US Marines base came under attack.
The air strike, targeted at insurgents, struck two civilian homes, killing two women and 12 children, reports say.
“The president called this incident a great mistake and the murdering of Afghanistan’s children and women, and on behalf of the Afghan people gives his last warning to the US troops and US officials in this regard,” his office said.
The White House said it shared Mr Karzai’s concerns and took them “very seriously”.
A group from Sera Cala village travelled to Helmand’s capital, Lashkar Gah, bringing with them the bodies of eight dead children, some as young as two years old, says the BBC’s Quentin Sommerville in Kabul.
“See, they aren’t Taliban,” they chanted as the carried the corpses to local journalists and the governor’s mansion.
While insurgents are responsible for most civilian deaths in Afghanistan, the killings of Afghans by foreign soldiers is a source of deepening anger, our correspondent adds.
In other Afghan war news, a Nato commander was injured in Taliban suicide attack in Afghanistan. This is from the UK Guardian.
A Taliban suicide bomber attacked a provincial governor’s compound in Takhar, killing the police chief of northern Afghanistan and seriously injuring a top Nato commander. Two other Afghan officials were also reported to have died in the attack. Several international servicemen were reported injured by eyewitnesses.
German officials confirmed to Spiegel magazine Major General Markus Kneip, who commands NATO forces in the north Afghanistan, had received wounds that were “severe” but not life-threatening.
A Nato spokesman in Kabul confirmed western casualties but was unable to provide details.
The Taliban, meanwhile, claimed responsibility for the attack and pledged that “killing high ranking officials will continue.”
Mujeebullah Rahman, the deputy director of the local council in Takhar province, said the attack took place at about 4pm when a meeting to discuss local security operations was ending.
“The bomber was waiting in the corridor, wearing the uniform of an Afghan policeman,” Rahman said.
The attack capped a bloody 48 hours in which seven Americans, two British and two other Nato servicemen were killed by roadside bombs or by insurgents in the south of the country. So far 44 Nato soldiers have been killed this month, and .nearly 200 have died in the year.
While we continue to fund these wars, Republicans are demanding that any relief to tornado-wrecked Joplin Missouri must be offset by spending cuts elsewhere. Congressman Eric Cantor–house majority leader–has joined in the call first sent out by Senator Majority Leader Mitch McConnell last week. Talk about kicking people when they’re down!
Rep. Eric Cantor (R-Va.) continued to stress Sunday that disaster relief funds for tornado-ravaged Missouri would have to be offset in the federal budget with cuts elsewhere.
The House majority leader added on CBS’ “Face the Nation” that there was a certainly a federal role in helping to rebuild Joplin, Mo., and that Congress would move after getting a request from President Obama.
But, he said, the government needs to act in this case like a family who faces an unforeseen expense and has to cut elsewhere.
“Because families don’t have unlimited money,” Cantor said. “And, really, neither does the federal government.”
Cantor began calling for offsets last Monday, the day after the tornado that has killed well over 100 struck Joplin. On Tuesday, a House appropriations subcommittee found a $1.5 billion offset to help finance an aid package.
Somebody needs to remind these guys that the government can raise revenues via taxes for legitimate expenditures. That’s something families don’t have the ability to do. There’s also printing money and borrowing money at nearly zero interest via Treasury Auctions. Cantor was honest enough to admit that Medicare played an “undeniable” role in the recent election in NY 2 6.
“It’s undeniable that it played some role in the election. Any time you have one side demagoguing and frankly, accusing the other side in a way that’s not factual of trying to reform the program, certainly that’s going to influence the electorate,” Cantor said on CBS’s “Face the Nation.” “As far as Medicare is concerned, there’s a simple choice here – either we’re going to save the program or let it go bankrupt.”
Wasserman Schultz, who appeared just after Cantor said, “Coming from the majority leader,” who was one of the “architects” of a 2010 midterm congressional election victory “focused on scaring seniors about what Democrats were doing with Medicare, he would know.”
“What we’re doing is making sure we can prevent Republicans from ending Medicare as we know it,” she said. “That’s what Kathy Hochul ran on leading up to her victory this Tuesday in New York 26.”
Voters were making it clear that they didn’t support the GOP’s budget plan, Wasserman Schultz asserted.
So, I thought I’d offer up some history of Memorial Day for you. One of the things that I learned moving down here was that much of the south does not really celebrate the holiday and refer to it as a Yankee holiday even though it was supposed to be in remembrance of all civil war dead. Many southern cities actually claim to have started the holiday. I guess Mississippi sees things a little different. The holiday originated after the Civil War as “Decoration Day”. It didn’t become a federal holiday until 1971.
Memorial Day was originally known as Decoration Day because it was a time set aside to honor the nation’s Civil War dead by decorating their graves. It was first widely observed on May 30, 1868, to honor the sacrifices of Civil War soldiers, by proclamation of General John A. Logan of the Grand Army of the Republic, an organization of former sailors and soldiers. On May 5, 1868, Logan declared in General Order No. 11 that:
The 30th of May, 1868, is designated for the purpose of strewing with flowers, or otherwise decorating the graves of comrades who died in defense of their country during the late rebellion, and whose bodies now lie in almost every city, village, and hamlet churchyard in the land. In this observance no form of ceremony is prescribed, but posts and comrades will in their own way arrange such fitting services and testimonials of respect as circumstances may permit.
During the first celebration of Decoration Day, General James Garfield made a speech at Arlington National Cemetery, after which 5,000 participants helped to decorate the graves of the more than 20,000 Union and Confederate soldiers buried in the cemetery.
This 1868 celebration was inspired by local observances of the day in several towns throughout America that had taken place in the three years since the Civil War. In fact, several Northern and Southern cities claim to be the birthplace of Memorial Day, including Columbus, Miss.; Macon, Ga.; Richmond, Va.; Boalsburg, Pa.; and Carbondale, Ill.
So, it’s not all about mattresses and sales tax holidays!!! My mother used to tell me that all the relatives would go clean up the family cemeteries on memorial day in Missouri and Kansas. They would all have huge picnics along with trimming the overgrown bushes or flowers. We used to continue the tradition when I was very young until most of the cemeteries started using huge mowers and removed all bushes and flowers. As I recall, we had an ongoing battle in one cemetery with massive and profuse peony bushes.
So, that’s my offering for the day! Have a really wonderful holiday! What’s on your reading and blogging list today?
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Posted: May 17, 2011 | Author: dakinikat | Filed under: 2012 presidential campaign, Medicare, Social Security, We are so F'd | Tags: medicare, Social Security |
It’s pretty much a given that people do not save or cannot save for a secure retirement these days. The cost of every day items has been going up more than wages. The returns on safe investments are rock bottom. Health insurance costs have been rocketing. That is why social security and medicare are still the most important investment that we make in planning for our old age. They shouldn’t be the only thing we rely on, but they have been the safest pillar. The stock market has been volatile, risky, and not as lucrative as it was 20 or 30 years ago. Home values have plummeted. Medicines are unbelievably expensive as are tests and hospital stays. The only security most people really have in their old age are these twin safety nets for old age. Recently, the wealthiest demographic has been the elderly. Prior to the New Deal, it was the most poverty ridden. Unfortunately, the most poverty ridden title now goes to young children.
Bruce Bartlett, an economist that used to adviser Ronald Reagan, has a fairly good article up in the NYT that provides some fodder for discussion. Bartlett has not thrown his economics degrees to the wind for political expediency like many Republicans. Recently, the Republicans have been doing everything they can to make the country and the Twin Safety nets appear “bankrupt”. This is chilling on two accounts. First, they’ve been primarily responsible for the recent structures of medicare, social security, and the high level of government spending. It’s interesting to see them try to blame this on others. Dubya morphed medicare last. Ronald Reagan “reformed’ social security. Both of these guys ran up expenditures on the military like crazy. Dubya and the Republicans have passed excessive, unproductive and draining tax cuts. Bartlett straightens up some of this disinformation basically by introducing shock therapy.
The trust fund for Social Security and Medicare are something most people don’t understand. Government accounting is unlike any other type of accounting. They can’t amortize or depreciate or otherwise defer capital expenditures. They also don’t market assets to market. When they buy a Space Shuttle, it gets paid for the year it is bought. The land they own is on the books for whenever value it had when it was put on there. They also have the power to tax and print money. No business or household does any of this. Also, the trust fund for Social Security and benefits for medicare aren’t exactly like what a business does or a household does either.
Benefits are not paid out of a trust fund filled with income-producing assets, like a private pension fund; benefits are paid out of tax revenues. The trust funds are merely accounting devices best thought of as budget authority. As the trust funds draw down their assets, general revenues — that is, tax revenues besides the payroll taxes earmarked for these programs — are injected into the trust funds to redeem bonds that had previously been placed there during years when revenue from the payroll tax exceeded costs.
Although there is often speculation that Social Security and Medicare benefits would have to be slashed to the level of payroll tax revenue on the day the trust funds are empty, this is simply nonsense. It would take Congress a matter of hours to change the law to allow explicit general revenue financing for these programs.
There is never going to be a day when Social Security checks are cut across the board because the Social Security trust fund became exhausted.
That’s a pretty succinct explanation of things. Scaring old people and folks like me that have small time lines to re-plan their retirement is just plan immoral. There are plenty of ways to change things including raising the ceiling on wages exempt from Social Security. Most of these never get discussed, however. They’d rather scare us with disinformation. Just raising the joint contribution would solve problems too. The deal is that the Republicans don’t want to fund anything. They didn’t even adequately fund the last two wars.
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