Intermarkets' Privacy Policy
Support
Moron Meet-Ups
MI/Midwest Meet-up:
10/5-10/6/2018

It has a website!

SoCal Meet-up: 8/25/2018 In Irvine CA
Contact Jim

NY/NJ MoMe: 8/23/2018, 6pm-9pm in Hoboken
Contact CBD

Central NJ MoMe: 10/13/2018: Hillsborough-Somerset County
Contact fenelonspoke

SW Ohio MoMe: 10/20/2018, 7-10pm in Dayton OH
Contact ibguy

Texas MoMe: 10/20/18
Contact Ben Had
WaPo Opinion: "There Will Be No Trump Collapse" | Main | Soylo Gets Beaten Up by Girls
June 11, 2018

Government Begins Dipping Into Social Security Reserve; Social Security, Medicaid to Become Insolvent Faster Than Expected

A 50 year old bartab comes due.

Medicare's finances were downgraded in a new report from the program's trustees Tuesday, while the projection for Social Security's stayed the same as last year.

Medicare's hospital insurance fund will be depleted in 2026, said the trustees who oversee the benefit program in an annual report. That is three years earlier than projected last year.

This year, like last year, Social Security's trustees said the program's two trust funds would be depleted in 2034.

For the first time since 1982, Social Security has to dip into the trust fund to pay for the program this year.

Instapundit noted:

SUSTAINABILITY: In 16 years, Social Security will have to cut benefits by 21% if lawmakers do nothing to cure the program's long-term funding shortfall.

He also quotes a 63 year old, who realizes his Social Security payments may run out-- bankrupt -- before he dies.

This is partly Trump's fault, because he rejected any idea of reforming these systems to keep them solvent.

However, it is much more the media's fault. For 30 years, the media routinely published stories claiming the two parties' failure to address the looming crisis in entitlements proved the fundamental unseriousness of politicians.

They also routinely called for serious, courageous politicians to take the political risk of touching the third rail of American politics and putting forth a necessary, but politically dangerous, plan for reform.

Then something strange happened: In 2012, Mitt Romney and Paul Ryan did in fact take that risk and put forth a realistic plan for reforming the system.

But the plan had two related problems: First, the serious, courageous politicians putting forth this plan happened to be from the Wrong Party, the party which can never be right, and therefore the media attacked their plan rather than praise the plan as mostly what they themselves had been demanding for 30 years.

Second, the media's political party, the Democrat Party, indulged its fundamental recklessness and unseriousneess and demagogued the plan. The media completely reversed its 30 years of calling for reform to the system to demagoguge the plan right alongside its Democrat Party allies.

The media thus shifted the prospect of reforming entitlements from "politically dangerous" to "outright impossible."

The idea that anyone would push entitlement reform with the Democrat Media Complex demagoging any plan as pushing grandma off the cliff is now officially absurd.

So bow and take your applause, media. Your insane unprincipled partisanship has once again aided in bankrupting and destroying the country.


digg this
posted by Ace of Spades at 01:37 PM

| Access Comments




Recent Comments
Cicero (@cicero): "We should start out with something simple, like He ..."

Surfperch: "Better late than Never. ..."

ScoggDog: "[i]Landslide wasn't on Rumours. D'oh! Posted by ..."

Tuna: "''Weren't they on campus?'' Not when I was ther ..."

ALH: "Not bad. Only a 17 minute lag time. Hi MisHum, ..."

SMH: "I'll see you Roger and Zapp and raise you a Billy ..."

AlaBAMA: "This thread has a musty smell to it. Like gym sock ..."

Max Power: "NOOOOOOOOOOOOOOOOOOOD ..."

Oldcat: "More like 17.5 sequels or so -- a half one unfinis ..."

Mike Hammer, etc, etc.: " I think it is an emotional thing, but the heart o ..."

Stephen Price Blair : "[i] 'Uncle Tom's Cabin'. Then we can get really, r ..."

Cicero (@cicero): "867 I recommend War and Peace. Kind of long, but i ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64