Democrats Say U.S. House Victory Sends Message on Medicare
This article is deeply disturbing. Republicans are going to have to spend a lot of money educating people. It’s cheap to spread FUD. It’s costly to educate. Maybe the country will need to go into default before people will realize the money is gone.
I’m really turned off by our senior generation. They have turned into a bunch of beggars. Pigs at the feeding trough. They don’t care what happens to the kids they spawned as long as they get their checks. Certianly, I’m not talking about everyone over 60. But if you voted Obamacare. If you are for increased benefits to yourselves. If you want to maintain the status que–I’m talking to you.
“It is difficult to comprehend the vastness and variety of payments the Treasury must make every day. Here are just a few samples: On May 2 it paid out $6.4 billion in interest on the debt, $4.5 billion to retired federal workers, $3.7 billion to military retirees, $2.6 billion to house the indigent and $1.6 billion in federal salaries, among other things. On May 3, the Treasury paid $21.8 billion to Social Security recipients, $1.6 billion to Medicare providers and $1.6 billion to vendors that sold supplies to the Department of Defense.
On most days, the Treasury does not take in enough in taxes to cover its payments. On May 2 it took in almost $26 billion, but on May 3 it took in less than $4 billion. Through May 3 the Treasury had received a little less than $1.3 trillion in taxes for fiscal year 2011, but had made payments of almost $7 trillion. The reason the payment number is so large is because it includes funds that were paid to Treasury’s lenders, whose bonds matured and needed to be paid off. Redemptions to owners of Treasury bonds eat up a vast amount of its cash on a day-to-day basis.” http://www.edmondsun.com/opinion/x898208609/To-raise-or-not-to-raise-the-debt-ceiling
This is no different than a family going to Best Buy to buy a big screen TV. They buy it on time requiring interest and principle payments over time. They then go get a credit card to make the monthly payments. Sound irresponsible? That is what our government is doing. So what’s the big screen TV? That’s certainly a matter of opinion but it’s built into every single bill. The US doesn’t just buy a car. They get the sunroof, CD changer, tinted windows and spinner rims. We pimp out everything. We have ZERO money for museums, tax credits for low flow toilets or subsidizing sugar growers.
