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U.S. Headed Toward Bankruptcy, Says Top Budget Committee Member

Discussion in 'Political Discussion' started by NEPatriot, Feb 21, 2010.

  1. NEPatriot

    NEPatriot Banned

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    U.S. Headed Toward Bankruptcy, Says Top Budget Committee Member (Must SeeVideo) - Home - The Daily Bail

    A must see video. Check it out.
     
  2. NEPatriot

    NEPatriot Banned

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  3. NEPatriot

    NEPatriot Banned

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    The Associated Press: US debt will keep growing even with recovery

    Thank you Obama and Democrats for speeding everything up.
     
  4. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Thanks for posting a good argument for national health care. Given the high cost of Medicare and Medicaid, we obviously need health care reform, and I hope the Democrats ram it through if Republicans continue to block it. Social Security is less of a problem. It is solvent for quite a few more years, and increasing the retirement age or requiring the wealthy to pay more are among the fixes available.
     
  5. Real World

    Real World Moderator Staff Member

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    Whatever you say pal.

    Premiums Jump 14 Percent on Medicare Private Plans

    Millions of seniors face 14 percent premium increase for popular Medicare Advantage plans

    By RICARDO ALONSO-ZALDIVAR Associated Press Writer
    WASHINGTON February 19, 2010 (AP) The Associated Press

    (AP)Millions of seniors who signed up for popular private health plans through Medicare are facing sharp premium increases this year — another sign that spiraling costs are a problem even for those with solid insurance.

    A study released Friday by a major consulting firm found that premiums for Medicare Advantage plans offering medical and prescription drug coverage jumped 14.2 percent on average in 2010, after an increase of only 5.2 percent the previous year. Some 8.5 million elderly and disabled Americans are in the plans, which provide more comprehensive coverage than traditional Medicare, often at lower cost.

    Lee Durrwachter, a retired chemical engineer from Grand Marais, Mich., said his premiums more than doubled this year — even though he switched plans to try to save money. "It doesn't bode well," Durrwachter said. "It's unaffordable."

    The Medicare findings are bad news for President Barack Obama and his health care overhaul that is bogged down in Congress. That's because the higher Medicare Advantage premiums for 2010 followed a cut in government payments to the private plans last year. And the Democratic bills pending in Congress call for even more cuts, which are expected to force many seniors to drop out of what has been a rapidly growing alternative to traditional Medicare.
     
  6. JackBauer

    JackBauer Pro Bowl Player

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    How does that article in any way undermine Patters' point?
     
  7. Real World

    Real World Moderator Staff Member

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    It doesn't Jack. Free cake and ice cream for you too.
     
  8. JackBauer

    JackBauer Pro Bowl Player

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    Well one would think that skyrocketing premiums would further bolster the case for health care reform.

    But maybe I'm wrong. It's my understanding that Medicare Advantage hasn't been all that effective, though, so it might be worth re-evaluating the program.
     
    Last edited: Feb 22, 2010
  9. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    The issue is unfunded liabilities, adding more entitlement programs increases the $$$ of unfunded liabilities. That is insane.
     
  10. JackBauer

    JackBauer Pro Bowl Player

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    What aspect of the HRC bill as presently constructed would you point to as an "unfunded liability"?
     
  11. cupofjoe1962

    cupofjoe1962 In the Starting Line-Up

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    We need to cut spending !

    Bush get's a lot of the blame, but so does Obama.

    What ever happened to Obama's idea of taxing people making over
    $250,000 - 6.25% for Social Security ?

    End the Wars & start paying down the debt.

    Stop giving money to every country that runs into hard times.
    We need to take care of the USA..... Let the UN worry about
    the rest of the world.
     
  12. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Which one the Senate, House or administration outline?


    They are guaranteeing healthcare that is an obligation for the government.

    Name for us an entitlement that didn't run far beyond the original budget forecast....
     

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