Driven crazy over budget
Can you stand one more column on the budget? If there are two good things that have come out of all the discussions over the last six months, it is honesty about how much government is spending and perhaps more importantly just exactly how they calculate savings and spending.
First we learned that Social Security isn't the "guarantee" that we've been told it has been since its inception. Oh sure, we've all pretended that the Social Security trust fund exists and that it will be there when we all retire. Only President Barack Obama let the cat out of the bag during the debt ceiling negotiations when he tried to scare seniors by claiming that if we defaulted we wouldn't have the money to pay those checks. So much for that "lockbox" that Al Gore was talking about just 11 short years ago.
So, there is no protection or guarantee of the Social Security money. Can we now stop with the nonsense of not fixing the system to benefit those of us who have been paying into the system our entire working lives? There is no money there. It's been spent. It's gone. We are using current tax revenues to pay existing retirees. Hopefully we can now move forward with a serious discussion toward replacing the system with something that actually works.
Oh, I know, this means more scare tactics from the left about "ending Social Security as we know it," but we need to, and Medicare, too. Correct me if I'm wrong ("oh that's all the time" my fans on the left) but didn't a former president take great credit for "ending welfare as we know it?" In fact, it helped his re-election campaign in 1996. Never mind that it was a Republican-controlled House and Senate that forced President Bill Clinton to sign on, and in no way do I foresee Obama taking a page out of the Clinton playbook, but the fact that we "ended welfare as we know it," and it benefitted the country means that perhaps ending things is good for us. I, for one, would love to "end the Obama presidency as we know it," but I'll have to wait until next November like everybody else.
Second, we learned exactly what counts as a "cut" to the government. Currently the federal government uses what is called "baseline budgeting." This means that every year, for example, for an agency with a $200 billion annual budget asks for a $10 billion increase in the next year but instead Congress only gives it a $5 billion increase, the Congressional Budget Office will score that as a cut, or "savings" of
$5 billion because they "cut" the appropriation in half.
Tennessee Social Security Claim - News
First we learned that Social Security isn't the "guarantee" that we've been told it has been since its inception. Oh sure, we've all pretended that the Social Security trust fund exists and that it will be there when we all retire.
Even if lawmakers reach a compromise, the spending cuts involved could damage Medicare, Social Security, college grants and other popular programs that receive federal funds, according to some think tanks and Tennessee organizations.
Without a birth certificate or Social Security card, they find themselves with few options but dead-end jobs working for bosses who don't ask questions. A small but growing number are finding a path to college, staking their hopes that the federal
She and her husband have to get by on a fixed income, with her on disability and him on Social Security. Their previous month's bill was past due, and their current month's was $161.45, with a line item for TVA's “fuel cost adjustment” of about $13.40.
As of now, it appears that the heaviest cuts would fall on the social services, Medicare, Medicaid, and Social Security. In other words, the poor and elderly are to bear the brunt of budget reductions. More guns, less butter. More than 50mn Americans
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