Archive for the ‘health care’ Category

Why Republicans will defeat Obama on health care

May 19, 2009

Barack Obama is making an enormous mistake on the most important initiative of his presidency. In recent weeks, Obama has stressed that health care reform is the essential ingredient for the success of his economic recovery plan. Yet the president, easily the most gifted White House communicator since Ronald Reagan, has the message all wrong.

By Byron York
The Examiner

“Our businesses will not be able to compete, our families will not be able to save or spend, our budgets will remain unsustainable unless we get health care costs under control,” Obama said in his radio address Saturday. He has said the same thing on many other occasions, almost always stressing the threat of runaway cost. When Obama talks health care, it’s cost, cost, cost.

But that’s not what people want to hear, or at least not all they want to hear. Of course they complain about the expense of medical treatment, but controlling cost is not their top health care concern.

“Americans will prioritize cost over quality right up until the moment they realize that it’s their quality that they are sacrificing,” writes the Republican pollster Frank Luntz in “The Language of Healthcare 2009,” a brilliant new analysis of the public’s health care concerns that also serves as a roadmap for defeating Obamacare. Basing his conclusions on extensive polling and focus-group research, Luntz writes that the public is very worried that a government takeover of health care — Obamacare — will result in politicians and government bureaucrats making decisions about what kind of care patients will receive and when they will receive it.

“Nothing else turns people against the government takeover of healthcare more than the realistic expectation that it will result in delayed and potentially even denied, treatment, procedures and/or medications,” Luntz writes. “When asked which was a higher priority — spending less on healthcare or being treated in a timely fashion — timely treatment beat cost almost unanimously.”

People know that delayed and sometimes denied care is a way of life in other countries with national health care systems. And when they hear the president’s repeated emphasis on cutting costs, they sense that there’s no way Obamacare can not result in delayed and denied treatment. Luntz urges Republicans to make that the focus of their challenge to the president’s plan. “It is essential that ‘deny’ and ‘denial’ enter the conservative lexicon immediately,” Luntz writes, “because it is at the core of what scares Americans most about a government takeover of healthcare.”

Read the rest:
http://www.washingtonexaminer.com/politics/W
hy-Republicans-will-defeat-Obama-on-hea
lth-care-45366932.html

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How Washington Is Already Rationing Health Care

May 19, 2009

Try to follow this logic: Last week the Medicare trustees reported that the program has an “unfunded liability” of nearly $38 trillion — which is the amount of benefits promised but not covered by taxes over the next 75 years. So Democrats have decided that the way to close this gap is to create a new “universal” health insurance entitlement for the middle class.

Such thinking may be a non sequitur, but it will have drastic effects on the health care of all Americans — and as it happens, this future is playing out in miniature in Medicare right now. Desperate to prevent medical costs from engulfing the federal budget, the program’s central planners decided last week to deny payment for a new version of one of life’s most unpleasant routine procedures, the colonoscopy. This is a preview of how health care will be rationed when Democrats get their way.

At issue are “virtual colonoscopies,” or CT scans of the abdomen. Colon cancer is the second leading cause of U.S. cancer death but one of the most preventable. Found early, the cure rate is 93%, but only 8% at later stages. Virtual colonoscopies are likely to boost screenings because they are quicker, more comfortable and significantly cheaper than the standard “optical” procedure, which involves anesthesia and threading an endoscope through the lower intestine.

Read the rest:
http://online.wsj.com/article/SB12426
8737705832167.html#mod=rss_opinion_main

[How Washington Rations] 

OMB Director Peter Orsza, not your doctor, is now calling some of the shots….(AP Photo)

Romney says US is less safe now

May 16, 2009

Former Massachusetts governor Mitt Romney joined Bush administration officials, including the former vice president, Dick Cheney, yesterday in arguing that President Obama’s approach to combating terrorism had left the country less safe.

By Sasha Issenberg
Boston Globe Correspondent 

“It’s the very kind of thinking that left America vulnerable to the attacks of Sept. 11th,” Romney told the National Rifle Association’s annual gathering. “And the approval of left-wing law professors and editorial boards won’t be worth much if this country lets down its guard and suffers an attack.”

Even while declaring an end to interrogation practices he calls “torture,” Obama has alienated many in his own party with a cautious approach to the issue. He has rebuffed calls to investigate Bush administration policymakers and release photographs that military leaders have said would be unnecessarily provocative.

Yesterday, the White House announced it would resume the use of military commissions to try those in American custody, a practice that Obama had criticized as a candidate.

“I’m glad he’s continuing to hold military tribunals for terrorists,” said Romney, who also said he approved of Obama’s hawkish approach to ongoing wars in Iraq and Afghanistan. “In fact, whenever he adopts the policies of John McCain and George W. Bush like this, I’m glad.”

Romney, who ran for president in 2008, was the closing speaker on an agenda that included Republican National Committee chairman Michael Steele and McCain, last year’s Republican presidential nominee. The stop was Romney’s latest on a circuit of conservative interest groups that many Republicans see as the opening lap in a prospective 2012 campaign.

Despite Romney’s solidarity with their priorities, gun owners were slow to rally behind him as a candidate. Romney joined the National Rifle Association only shortly before becoming a national candidate and did not own a gun. He reluctantly acknowledged that he had only been hunting twice in his life and had focused on prey such as rodents and rabbits. “Small varmints, if you will,” he said then.

Yesterday Romney was warmly received as he paid tribute to gun rights. Most of his speech, however, was devoted to the day’s broadest critique of a Democratic agenda he said amounted to “the greatest federal power-grab in American history.”

Romney took issue with Obama’s plans to change the healthcare system, which is based partially on the plan Romney helped enact in Massachusetts: mandating that citizens carry insurance.

“The best path to healthcare reform is to let the American people make their own decisions, not have those decisions forced on them by government,” Romney said. “Let Washington choose the stamps for the Post Office, but let the American people choose who we want for our doctor.”

Obama’s The President of National Fiscal Suicide

May 15, 2009

Barack Obama came to office with a theory. He believed that the country was in desperate need of new investments in education, energy and many other areas. He also saw that the nation faced a long-term fiscal crisis caused by rising health care and entitlement costs. His theory was that he could spend now and save later. He could fund his agenda with debt now and then solve the long-term fiscal crisis by controlling health care and entitlement costs later on.

By David Brooks
The New York Times

In essence, health care became the bank out of which he could fund the bulk of his agenda. By squeezing inefficiencies out of the health care system, he could have his New New Deal and also restore the nation to long-term fiscal balance.

This theory justified the tremendous ramp-up of spending we’ve seen over the last several months. Obama inherited a $1.2 trillion deficit and has quickly pushed it up to $1.8 trillion, a whopping 13 percent of G.D.P. The new debt will continue to mount after the economy recovers. The national debt will nearly double over the next decade. Annual deficits will still hover around 5 percent or 6 percent of G.D.P. in 2019. By that year, interest payments alone on the debt are projected to be $806 billion annually, according to the Congressional Budget Office.

Obama believes these deficit levels are tolerable if he can fix the long-term fiscal situation, but he hasn’t been happy about them. He’s been prowling around the White House prodding his staff to find budget cuts. Some of the ideas they have produced have been significant (Medicare reforms), some have been purely political (asking cabinet secretaries to cut $100 million in waste, fraud and abuse), and many have been gutted on Capitol Hill (cap and trade, proposed changes in charitable deductions, proposed changes to the estate tax).

In any case, these stabs at fiscal discipline haven’t come close to keeping up with the explosion in spending. The government now borrows $1 for every $2 it spends. A Treasury bond auction earlier this month went poorly, suggesting the world’s hunger for U.S. debt is not limitless. President Obama has been thrown back on his original theory. If he is going to sustain his agenda, if he is going to prevent national insolvency, he has to control health care costs. Health care costs are now the crucial issue of his whole presidency.

Obama and his aides seem to understand this. They have gone out of their way to emphasize the importance of restraining costs. The president has held headline-grabbing summits with business and union leaders. Unlike just about every other Democrat on the planet, he emphasizes cost control as much as expanding health coverage.

So what exactly is the president proposing to help him realize hundreds of billions of dollars a year in savings?

Obama aides talk about “game-changers.” These include improving health information technology, expanding wellness programs, expanding preventive medicine, changing reimbursement policies so hospitals are penalized for poor outcomes and instituting comparative effectiveness measures.

Nearly everybody believes these are good ideas. The first problem is that most experts, with a notable exception of David Cutler of Harvard, don’t believe they will produce much in the way of cost savings over the next 10 years. They are expensive to set up and even if they work, it would take a long time for cumulative efficiencies to have much effect. That means that from today until the time President Obama is, say, 60, the U.S. will get no fiscal relief.

The second problem is that nobody is sure that they will ever produce significant savings. The Congressional Budget Office can’t really project savings because there’s no hard evidence they will produce any and no way to measure how much. Some experts believe they will work, but John Sheils of the Lewin Group, a health care policy research company, speaks for many others. He likes the ideas but adds, “There’s nothing that does much to control costs.”

If you read the C.B.O. testimony and talk to enough experts, you come away with a stark conclusion: There are deep structural forces, both in Medicare and the private insurance market, that have driven the explosion in health costs. It is nearly impossible to put together a majority coalition for a bill that challenges those essential structures. Therefore, the leading proposals on Capitol Hill do not directly address the structural problems. They are a collection of worthy but speculative ideas designed to possibly mitigate their effects.

The likely outcome of this year’s health care push is that we will get a medium-size bill that expands coverage to some groups but does relatively little to control costs. In normal conditions, that would be a legislative achievement.

But Obama needs those cuts for his whole strategy to work. Right now, his spending plans are concrete and certain. But his health care savings, which make those spending plans affordable, are distant, amorphous and uncertain. Without serious health cost cuts, this burst of activism will hasten fiscal suicide.

Related:
Obama: To Cut Medical Costs, Services Probably Must Reduced, Limited, Restricted and Eliminated

Obama: To Cut Medical Costs, Services Probably Must Be Reduced, Limited, Restricted and Eliminated

May 15, 2009

Here’s a message for the fixer in chief: if medical costs are to come down, services will probably be reduced, limited, restricted and eliminated.

So now we have the question: what kind and how much health “care” can we afford?

Because if we all share one pot of money, “care” and other services must be reduced, limited, restricted and eliminated.

Related (Promis Broken?)
Obama Was Against Military Tribunals Before He Was For Them
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Doctors sworn to keep us alive shouldn’t and can’t make that determination.  You’d basically be asking a doctor, “How much of the national pot can we spend on Mrs. Adams?”  What his medical oath dictates is a question more like, “What is the best medical course of action to make Mrs Adams well?”

This jumped into my mind when I read that after meeting with six major health care organizations on Monday, Mr. Obama hailed their cost-cutting promise as historic.

Many in the media and the president himself wanted us to believe that by some magic, the health care “industry” had suddenly found a way to save billions and billion of dollars.

Actually, the New York Times said the promised savings were $2 trillion.

And the president believed this?  Because he wanted to believe it.  Just as he wanted to close Gitmo and he wanted to eliminate military commissions for detainees.

When is the president going to read the tea leaves instead of smoking them?  He needs to stop drinking and recycling the cool aid.

Obama on medical care savings is tilting at windmills, again.

Since our population is aging and the cures are not jumping off the shelf and the Pope hasn’t worked any miracles in a while, why have so few in the media asked how in God’s name can the medical people promise anything about costs?  Costs of medical treatment have gone up every year since before blood letting by leaches was proscribed.

Speaking of leaches, how in God’s name can the President of the United States swallow such a promise of magical costs cuts and spread that promise around?  Has he been speaking with Nancy Reagan’s psychic?

Monday’s meeting between Obama and the health care “industry” was just another ill- conceived photo op without merit….

Don’t forget, the president rang the alarm bell of crisis and demanded an immediate vote on the stimulus — instead of making a plan on a long range, sustainable jobs program: that would get work done at good wages with benefits and make America more taxpayers.  No: he made more debt.

The plan for the stimulus was left to Nancy Pelosi and her House leadership: and they had no time to make a plan.  No lawmaker even admitted to reading the bill.  Now almost $800 billion is gone and what do we have?  A new Boardwalk (planned) for the Delaware beachfront….

Now we are promised health care: and Obama has demanded the money and promised to leave the details to Pelosi and Congress.

And he is ringing the alrm bell of ciris and asking us to believe that the medial industry will save is $2 trillion if we act fast.  But, wait, there’s more….

Obanma’s promises are starting to sound like late night TV commercials….

Moday’s meeting between Obama and the heath care gang was a photo op about as good as the HUGE Federal cuts of $100 million cabinet meeting….

In this photograph released by the White House, Air Force One ...
Time someone told the White House their photo ops aren’t working….

Was it Joe Biden, Barack Obama or Hillary Clinton that thought up the “reset” button photo op with Russia?

Secretary of State Hillary Clinton and Russian Foreign Minister Sergei Lavrov with a red button marked "reset" in English and "overload" in Russian.
Coffrini/Getty

Related:
The gathering storm on Social Security and Medicare
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Obama Must Think U.S. Voters Are Morons: Offers Cuts in Teaspoons As We Go Over Niagra Falls In Spending, Debt

Health Care Costs Will Increase:
http://neoavatara.com/blog/?p=1804

http://hotair.com/archives/2009/05
/15/did-obama-misstate-the-hea
lth-industry-agreement/

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Obama’s The President of National Fiscal Suicide

Latest News On Social Security, Medicare, Debt Show Inability of Government To Make Accurate Financial Predictions

Other “Great” Obama Photo Ops
Off The Teleprompter: “Cinco de Cuatro,” Austrians Speak Austrian and Don’t Get On The Flu-Filled Subway

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From the New York Times

Hospitals and insurance companies said Thursday that President Obama had substantially overstated their promise earlier this week to reduce the growth of health spending.

Mr. Obama invited health industry leaders to the White House on Monday to trumpet their cost-control commitments. But three days later, confusion swirled in Washington as the companies’ trade associations raced to tamp down angst among members around the country.

After meeting with six major health care organizations, Mr. Obama hailed their cost-cutting promise as historic.

“These groups are voluntarily coming together to make an unprecedented commitment,” Mr. Obama said. “Over the next 10 years, from 2010 to 2019, they are pledging to cut the rate of growth of national health care spending by 1.5 percentage points each year — an amount that’s equal to over $2 trillion.”

Read it all:
http://www.nytimes.com/2009/05/15/healt
h/policy/15health.html?_r=1&partner=rss&emc=rss

Michelle Malkin:
http://michellemalkin.com/2009/05/15/
bad-habit-companies-say-obama-inflat
ed-promises-again/

Top Ten Reasons The Republican Party Will Recover

May 13, 2009

Here’s our Peace and Freedom list of the top ten reasons to expect the Republican Party to make gains over the course of the next two to four years:

1)  The economy: Despite the huge spending measures already enacted by the Obama administration, including the stimulus and the many ‘bailouts,” the economy may not even start any really significant recovery until this time next year.  Voters are already tiring of the recession and showing discontent.

Related:
Bank of England: Recovery will be slow, starting next year
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New Jobless Claims Rise More Than Expected, as 52,000 Auto Workers Become Unemployed

2)  Democratic leaders like Harry Reid, Nancy Pelosi, and John Murtha.  There is already rumbling that our Congressional leaders are disappointing voters.  Most polls rate congress very poorly even though some 60% like Obama.  Scandals, a lack of integrity and broken promises on transparency can add to the woes of Democrats easily over time.

Related:
Pushy Practices of Pelosi, Murtha Back To Haunt Them?
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Democratic Party a “One Man Show” — After Obama, It’s a “Second-Division Ball Club”
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Pelosi Vehemently Challenges CIA’s Account of Briefings To Her on Waterboarding; Agency “Lied to Congress”
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“Democratic Party is Bought and Paid For By The Unions” Lawmaker Says

House Speaker Nancy Pelosi of Calif. gestures during a news ...

3)  National debt, deficit and spending.

Related:
America’s Ability To Borrow More Questioned, At Risk — Too Much Spending “Breaking the bank”?
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What Did We Get for $180 Billion “Bailout”? AIG Still “Toxic”
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One Hundred Billion Goes To IMF: Money U.S. Taxpayers Will Likely Never See Again
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Obama’s Spending, Debt, Taxes Will Lower America’s Standard of Living

4)  Taxes.  Taxes will go up.  There is just no way to support all our current spending let alone the promises of overhauls to health care, education, and the environment without raising more money and that means raising taxes.

Related:
Taxes: People and Business Flee Higher Rates; Why Can’t Obama, Congress Get That?
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Governors of Texas, South Carolina to Host “Tea Party 2.0″ This Week


Gov. Rick Perry, Texas
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5)  Unexpected world events.  Just as nobody could have predicted 9/11, there could well be an event as yet unknown that unfolds to change the game for everyone before long.  Just as Joe Biden predicted last year, this president will be tested….

Related:
Battles over energy may lead to wars, Russian strategists conclude

China’s Navy Grows and the World Watches Warily
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6)  Democratic Infighting.  This is the party that has, for a long time, been unable to get along with itself, for too long, before all hell breaks loose….

7)  Inflation.  With all the borrowing of the federal government, inflation is indeed likely.  Nobody will like that one bit.  Which will hurt incumbents….

8)  Loss of buying power and credit.  Obama’s current campaign to rein in the credit card companies is admirable but it may result in millions of people unable to get the credit they’ve grown used to….Expect retail sales to lag other indicators of recovery…..

Retail sales remain slow in April:
http://finance.yahoo.com/news/Reta
il-sales-drop-apf-15227744.html?.v=3

9)  Broken Promises.  “Green jobs” won’t be as numerous or high paying as once promised and work for good jobs will dry up as GM and Chrysler and others move more jobs overseas….The health care overhaul may actually harm enough people that there could be a backlash that wants to punish lawmakers…

Related:
Latest News On Social Security, Medicare, Debt Show Inability of Government To Make Accurate Financial Predictions
.
Obama, Daschle and Socialized Medicine: Care of GE
.
Fiat threatens to walk away from Chrysler deal unless unions agree to concessions

10) Desire for Change/Hope (The Pendulum): In our American system, the pendulum has been swinging to and fro; from Republicans to Democrats and back again for almost all of time.  People will tire of our current way of doing business and even the euphoria over Obama will wane.

Related:
Republican Party Dead? Hardly. Polls Show Erosion and Doubt in Democratic Advantage

Bonus:

11) Traditional Republican Discipline.  The Republicans in general have traditionally shown much more discipline and togetherness than Democrats.  The current squabbling over Cheney, Powell, Gingrich, Rush et al can be expected to wind down as elections near.

12)  The law of unintended consequences.  President Obama has changed so much, so aggressively, so often, so soon in his presidency that the effort is unprecedented.  But this could mean that there is trouble lurking that has not been foreseen.  And we know how well our government foresees things: like the current recession….

13)  Bad Obama planning and staff work.  Nobody had time to read the stimulus?  This will come back to hurt the president and the Democrats in Congress.  Many other examples of stupidity an ineptitude come to mind…..

14)  The “Tea Parties.”  “The real genesis of the tea party movement was not taxes, but out-of-control spending and the debts we are leaving our children,” wrote Paul Gessing in the Albuquerque Conservative Examiner.  “The tea party movement (at least in Albuquerque) is not simply a bunch of angry Republicans who don’t like Obama and understand their own self-interest. Rather, the tea party here was organized by average citizens who are terrified of what the government is doing to our economy. The fact is that America can’t live on borrowed money forever.”  The fact that people are taking to the streets — people who are both Democrats and republicans — is unprecedented.John E. Carey
Peace and Freedom
In this photograph released by the White House, Air Force One ...

 

Related:
Republicans Determined to Lose?
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Obama Backs Off Promise to Release Abuse Photos
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If you had told me some of these Obama stories three months ago I would have said “impossible!”
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Obama’s Dumb Moves Getting More Difficult to Ignore? On Friday Mainstream Media Realizes Monday’s Cabinet Meeting Was Laughable, Really

Conservatives Need To Recommit to Conservative Values

Michelle Malkin:
http://michellemalkin.com/2009/05/1
3/big-labors-investment-in-obama-pays-off/

http://hotair.com/archives/2009/05/13/
stupid-rnc-to-pass-resolution-rebrand
ing-democrats-the-democrat-socialist-party/

Obama Special Friends, Union, Pressuring California on Budget

May 13, 2009

The budget deal that the Legislature grudgingly approved in February left few Californians unbruised. State programs were slashed and taxes and fees were hiked in an effort to close a $42-billion budget gap, causing many to decry the impact on vulnerable residents and struggling businesses. Some of those voices carried further than others, however. Now, the state could lose $6.8 billion in supplemental Medicaid dollars because of a complaint lodged by the union representing home healthcare workers, many of whom face reductions in their already low wages. Although we don’t like the cuts, we don’t think the federal government should use its leverage to pressure California on behalf of a well-connected group.

Counties negotiate the home healthcare workers’ wages and benefits, with the federal government covering half the cost and the state about a third. The state’s contribution is capped, however, so it doesn’t pay any share of the costs above $12.10 an hour. The budget deal lowers that cap to $10.10 on July 1. Twenty counties exceed the new cap, and some are contractually bound to make up for the loss in state dollars.

The Service Employees International Union, whose negotiators won those contracts, is now using them as ammunition against the wage reductions. The economic stimulus package that Congress enacted in mid-February offers billions of dollars to states to help them keep their healthcare programs for the poor from running short of cash. The bill includes a “maintenance of effort” clause to prevent states from using the new federal dollars to lower their spending on healthcare at counties’ expense. The SEIU argued that California’s cuts violated that clause, and at least one attorney at the federal Department of Health and Human Services has agreed.

From The L.A. Times

Read the rest:
http://www.latimes.com/news/opinion/e
ditorials/la-ed-seiu12-2009may12,0,5
692544.story

Latest News On Social Security, Medicare, Debt Show Inability of Government To Make Accurate Financial Predictions

May 13, 2009

This is exactly why all Americans should be gravely concerned about the current rates of government spending:

“Today’s report confirms that the so-called Social Security crisis exists in only one place — the minds of Republicans,” said Senate Democratic Leader Harry Reid of Nevada on March 23, 2005. “In reality, the program is on solid ground for decades to come.”
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Yesterday, Social Security trustees said that Social Security will start paying out more in benefits than it collects in taxes in 2016, one year sooner than projected last year, and the giant trust fund will be depleted by 2037, four years sooner than predicted last year.

The trustees said Medicare was in even worse shape. They said that the trust fund for hospital expenses will pay out more in benefits than it collects this year and will be insolvent by 2017, two years earlier than the date projected in last year’s report.

Both of these programs are likely to be adding to the national debt before long.

President Obama has already added to the national debt with the $787 billion stimulus, the omnibus spending bill topping $400 billion, enormous “bailouts,” and budgets in the trillions.

He still wants to fix health care, education and the environment.
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On Monday, the Office of Management and Budget said for the first time ever, the U.S. government is borrowing 50 cents of every dollar it spends.
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This could even still go up.

Barack Obama and democrats will quadruple the U.S. deficit this year, based upon the current rate of spending and receipts.

The receipts of the U.S. government from taxes paid was down 15% in January 2009 compared to January 2008.  In April, receipts were off a full 30%.

April 2009 was the first April since 1983 that the U.S. government spent more than it took in….

Meanwhile, U.S. government spending is way up: up fully $38 billion in April alone over April 2008.

The difference between receipts and money spent is the deficit and that could exceed $1.8 trillion this year; added to the U.S. burden of borrowed money and interest paid.

The massive budget deficit created by democrats this year represents a massive 12.9%of gross domestic product. President Obama expected the deficit level to be 12% of GDP this year. This puts the US above the UK deficit that runs more than 10% of GDP, and puts the US above troubled states Pakistan and Hungary.

As several commentators have said, the U.S. would not be given permission to join the EU with this much debt….

Makes one ask: if the January and February government economic predictions on debt and deficit are $600 billion too low by May 11: what else is wrong and how bad can it get?

All the budget and debt figures in the Obama plan are based upon assumptions and prediction which have already been proven to be way wrong….

Social Security and Medicare Finances Worsen; Likely Will Add To Nation’s Debt
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Obama Debt, Budget Numbers Stagger Most (One Trillion = Million Million)
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U.S. Government Borrowing 50 Cents on Every Dollar Spent; Interest Likely To Rise
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America’s Ability To Borrow More Questioned, At Risk — Too Much Spending “Breaking the bank”?

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From CNN Money

The government ran up a $21 billion budget shortfall last month, the first April deficit in 26 years, the Treasury Department said Tuesday.

The total deficit for the first seven months of the fiscal year hit $802 billion, compared to a deficit of $153 billion in the same period a year earlier, the government said in the monthly budget report.

“This is historic,” said Dan Clifton, head of policy research at Strategas Research Partners. “Our country has never seen something like this.”

From October – the beginning of the fiscal year – to April, total revenue declined 19%, Clifton said. That’s the largest drop in revenue and almost double the previous record, he said.

Notably, April is usually a good month for Uncle Sam because many taxpayers file their returns and send checks to the Treasury. But this year, tax receipts have fallen sharply because of the recession and the government’s response to it.

The downturn is a triple whammy to government revenue: fewer people are working and providing income taxdollars; corporation tax receipts are on the wane; and tax cuts aimed at juicing the economy reduce paycheck withholdings.

“It’s a perfect storm of every tax revenue source declining at once,” Clifton said.

At the same time, government is spending massive amounts to try to recapitalize the nation’s financial system and spur economic growth.

In March, the government added $191.6 billion to the deficit.

Spending: The total outlays for April were $287.1 billion, a decrease from $320.5 billion spent in March.

Spending is up 26% year-over-year, according to Clifton, who said the number is “astronomical. Even a fifth of that increase would have been a big deal.”

So far this fiscal year, the government has spent $2.06 trillion and expects to spend $3.94 trillion for the full year ending Sept. 30.

Total receipts for April were $266.2 billion, bringing the total amount that the government has taken in so far this year to $1.3 trillion.

Read the rest:
http://finance.yahoo.com/news/US-budge
t-deficit-jumps-with-cnnm-15222803.html?.v=7

http://hotair.com/archives/2009/0
5/13/us-speeding-towards-financial-crash/

Obama, Daschle and Socialized Medicine: Care of GE

May 12, 2009
Tom Daschle is back and working on nationalized healthcare. It’s obvious now, GE is a chosen winner by Obama who is choosing which companies win and lose based around his policies, and that doesn’t include the government has been buying GE’s bad paper. Daschle has been chosen as a board member of Healthymagination. GE will drive socialized medicine through a happy-named company.
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Healthymagination will be in charge of the national patient database, which is established in the stimulus plan. The reports show that GE with Intel Corp is investing $6 billion to improve and make healthcare affordable through Healthymagination, and I have no doubt it is our money they are investing.
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Healthymagination is founded by GE, and GE’s CEO, Jeffrey Immelt, sits on Obama’s team of economic advisers. Healthymagination’s landing page describes the company will change the way we approach healthcare, with more than 100 innovations all focused on addressing three critical needs, lowering costs, touching more lives, and improving quality
Let’s not forget Daschle is one of the hardest pushers of socialized medicine in this country. Socialized medicine will be controlled by the government with General Electric as its partner, who will make billions as your health care is sacrificed.

Read the rest:
http://bungalowbillscw.blogspot.com/200
9/05/healthy-imagination-or-obv
ious-path-to.html

GE’s other arm, Universal, which includes NBC and MSNBC, will make thousand of “commercials” touting the benefits of the healthymagination approach.  That’s called propaganda in Communist nations….

GE has also gotten more than $130 billion in FDIC bailout money….

Related:
Incest is Best: GE Largest Supplier of Wind Turbines, Owns Obama TV (NBC), Obama Went To Turbine Plant for Earth Day

Social Security and Medicare Finances Worsen; Likely Will Add To Nation’s Debt

May 12, 2009

The financial health of Social Security and Medicare, the government’s two biggest benefit programs, worsened in the past year because of the severe recession.

Trustees of the two programs said Tuesday that Social Security will start paying out more in benefits than it collects in taxes in 2016, one year sooner than projected last year, and the giant trust fund will be depleted by 2037, four years sooner.

Related:
Borrowing Needed For Social Security? We Weren’t Supposed To Ever Get There
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The trustees said Medicare was in even worse shape. They said that the trust fund for hospital expenses will pay out more in benefits than it collects this year and will be insolvent by 2017, two years earlier than the date projected in last year’s report.

The financial health of Social Security and Medicare, the government’s two biggest benefit programs, worsened in the past year because of the severe recession.

Trustees of the two programs said Tuesday that Social Security will start paying out more in benefits than it collects in taxes in 2016, one year sooner than projected last year, and the giant trust fund will be depleted by 2037, four years sooner.

The trustees said Medicare was in even worse shape. They said that the trust fund for hospital expenses will pay out more in benefits than it collects this year and will be insolvent by 2017, two years earlier than the date projected in last year’s report.

Read the rest from the Associated Press:
http://news.yahoo.com/s/ap/20090512/ap_on_bi_
ge/us_social_security;_ylt=AvqmzIuVOc
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G9zAzMEcG9zAzkEc2VjA3luX3RvcF9z
dG9yeQRzbGsDc29jaWFsc2VjdXJp

http://www.butasforme.com/2009/0
5/12/medicare-social-security-too-big-to-fail/