Paul Ryan: Hiding Spending Doesn't Reduce Spending
"I will not sign a plan that adds one dime to our deficits -- either now or in the future."
(Remarks by President Obama to a Joint Session of Congress, September 9, 2009)
This afternoon Budget Committee Ranking Member Ryan walked through why the bill put forward by Democrats FAILS the President's deficit test.
--
The Majority Leader said the bill scores as reducing deficit by $131 billion over the next 10 years.
First a little bit about CBO: I work with them every single day; very good people; great professionals. They do their jobs well. But their job is to score what is placed in front of them. And what has been placed in front of them is a bill that is fill of gimmicks and smoke and mirrors.
Now what do I mean when I say that?
First off, the bill has ten years of tax increases and ten years of Medicare cuts to pay for six years of spending. The true ten year cost when subsidies kick-in? $2.3 trillion.
The bill is full of gimmicks that more than erase the false claim of deficit reduction:
- $52 billion of savings is claimed by counting increased Social Security payroll revenues. These dollars are already claimed for future Social Security beneficiaries, and claiming to offset the cost of this bill either means were double-counting or were not going to pay Social Security benefits.
- $72 billion in savings is claimed from the CLASS Act long-term care insurance. These so-called savings are not offsets, but rather premiums collected to pay for future benefits. Senate Budget Committee Chairman Kent Conrad has called these savings, A ponzi scheme that would make Bernie Madoff proud.
Additionally, the nearly half-trillion dollars in Medicare cuts cannot be counted twice. Medicare is in dire need of reform in order to make certain that we can ensure health security for future seniors.
Using Medicare as a piggy bank, it raids a half trillion dollars from retirees health coverage to fund the creation of another open-ended health care entitlement.
The Presidents chief Medicare actuary says up to 20% of Medicare providers may go bankrupt or stop taking Medicare beneficiaries as a result. Millions of seniors who have chosen Medicare Advantage will lose the coverage they now enjoy.
Objections to the policy aside, you cannot use these savings twice to both extend the life of Medicare and to pay for other spending. The half-trillion dollars in Medicare cuts are either to extend the programs solvency or to reduce the cost of this deficit but not both as its authors claim.
When you strip away the double-counting of Medicare cuts, the so-called savings from Social Security payroll taxes and the CLASS Act, the deficit increases by $460 billion over first ten years and $1.4 trillion over second ten years.
Finally, one of the most expensive and most cynical of the gimmicks applies to Medicare physician payments, the so-called Doc Fix.
By your own estimate, the Doc Fix adds an additional $371 billion to the cost of health care reform. With the price tag beyond what most Americans could handle, the Majority decided to simply remove this costly provision and deal with it in a stand-alone bill.
Ignoring this additional cost does not remove it from the backs of taxpayers. Hiding spending doesnt reduce spending.
Obama’s New OIC Envoy Defended Activist Who Aided Terrorist Group
|
THE TRUTH ABOUT SARAH PALIN
---VERY ENLIGHTENING AND VERY DISTURBING!!
By Dewie Whetsell, Alaskan Fisherman.
As posted in comments on Greta's article referencing the MOVEON ad about Sarah Palin.
The last 45 of my 66 years I've spent in a commercial fishing town in Alaska. I understand Alaska politics but never understood national politics well until this last year. Here's the breaking point: Neither side of the Palin controversy gets it. It's not about persona, style, rhetoric, it's about doing things. Even Palin supporters never mention the things that I'm about to mention here.
1. Democrats forget when Palin was the Darling of the Democrats, because as soon as Palin took the Governor's office away from a fellow Republican and tough SOB, Frank Murkowski, she tore into the Republican's "Corrupt Bastards Club" (CBC) and sent them packing. Many of them are now residing in State housing and wearing orange jump suits The Democrats reacted by skipping around the yard, throwing confetti and singing, "la la la la" (well, you know how they are). Name another governor in this country that has ever done anything similar.
2. Now with the CBC gone, there were fewer Alaskan politicians to protect the huge, giant oil companies here. So she constructed and enacted a new system of splitting the oil profits called "ACES." Exxon (the biggest corporation in the world) protested and Sarah told them, "don't let the door hit you in the stern on your way out." They stayed, and Alaska residents went from being merely wealthy to being filthy rich. Of course, the other huge international oil companies meekly fell in line. Again, give me the name of any other governor in the country that has done anything similar.
3. The other thing she did when she walked into the governor's office is she got the list of State requests for federal funding for projects, known as "pork." She went through the list, took 85% of them and placed them in the "when-hell-freezes-over" stack. She let locals know that if we need something built, we'll pay for it ourselves. Maybe she figured she could use the money she got from selling the previous governor's jet because it was extravagant.
Maybe she could use the money she saved by dismissing the governor's cook (remarking that she could cook for her own family), giving back the State vehicle issued to her, maintaining that she already had a car, and dismissing her State provided security force (never mentioning - I imagine - that she's packing heat herself). I'm still waiting to hear the names of those other governors.
4. Now, even with her much-ridiculed "gosh and golly" mannerism, she also managed to put together a totally new approach to getting a natural gas pipeline built which will be the biggest private construction project in the history of North America. No one else could do it although they tried. If that doesn't impress you, then you're trying too hard to be unimpressed while watching her do things like this while baking up a batch of brownies with her other hand.
5. For 30 years, Exxon held a lease to do exploratory drilling at a place called Point Thompson. They made excuses the entire time why they couldn't start drilling. In truth they were holding it like an investment. No governor for 30 years could make them get started. Then, she told them she was revoking their lease and kicking them out. They protested and threatened court action. She shrugged and reminded them that she knew the way to the court house. Alaska won again.
6. President Obama wants the nation to be on 25% renewable resources for electricity by 2025. Sarah went to the legislature and submitted her plan for Alaska to be at 50% renewables by 2025. We are already at 25%. I can give you more specifics about things done, as opposed to style and persona Everybody wants to be cool, sound cool, look cool. But that's just a cover-up. I'm still waiting to hear from liberals the names of other governors who can match what mine has done in two and a half years. I won't be holding my breath.
By the way, she was content to return to AK after the national election and go to work, but the haters wouldn't let her. Now these adolescent screechers are obviously not scuba divers. And no one ever told them what happens when you continually jab and pester a barracuda. Without warning, it will spin around and tear your face off. Shoulda known better.
You have just read the truth about Sarah Palin that sends the media, along with the democrat party, into a wild uncontrolled frenzy to discredit her. I guess they are only interested in skirt chasers, dishonesty, immoral people, liars, womanizers, murderers, and bitter ex-presidents' wives.
So "You go, Girl." I only wish the men in Washington had your guts, determination, honesty, and morals. I rest my case. Only FOOLS listen to the biased media.
If you've read this far ...............................................
First Lady Michelle Obama's Servant List and Pay Scale
First Lady Requires More Than Twenty Attendants
1. $172,2000 - Sher, Susan (Chief Of Staff)
2. $140,000 - Frye, Jocelyn C . (Deputy Assistant to the President and Director of Policy And Projects For The First Lady)
3. $113,000 - Rogers, Desiree G (Special Assistant to the President and White House Social Secretary)
4. $102,000 - Johnston, Camille Y. (Special Assistant to the President and Director of Communications for the First Lady)
5. $100,000 - Winter, Melissa E. (Special Assistant to the President and Deputy Chief Of Staff to the First Lady)
6. $90,000 - Medina , David S. (Deputy Chief Of Staff to the First Lady)
7. $84,000 - Lelyveld, Catherine M. (Director and Press Secretary to the First Lady)
8. $75,000 - Starkey, Frances M. (Director of Scheduling and Advance for the First Lady)
9. $70,000 - Sanders, Trooper (Deputy Director of Policy and Projects for the First Lady)
10. $65,000 - Burnough, Erinn J. (Deputy Director and Deputy Social Secretary)
11. $64,000 - Reinstein, Joseph B. (Deputy Director and Deputy Social Secretary)
12. $62,000 - Goodman, Jennifer R. (Deputy Director of Scheduling and Events Coordinator For The First Lady)
13. $60,000 - Fitts, Alan O. (Deputy Dir ector of Advance and Trip Director for the First Lady)
14. $57,500 - Lewis, Dana M. (Special Assistant and Personal Aide to the First Lady)
15. $52,500 - Mustaphi, Semonti M. (Associate Director and Deputy Press Secretary To The First Lady)
16. $50,000 - Jarvis, Kristen E. (Special=2 0Assistant for Scheduling and Traveling Aide To The First Lady)
17. $45,000 - Lechtenberg, Tyler A. (Associate Director of Correspondence For The First Lady)
18. $43,000 - Tubman, Samantha (Deputy Associate Director, Social Office)
19. $40,000 - Boswell, Joseph J. (Executive Assistant to the Chief Of Staff to the First Lady)
20. $36,000 - Armbruster, Sally M. (Staff Assistant to the Social Secretary)
21. $35,000 - Bookey, Natalie (Staff Assistant)
22. $35,000 - Jackson, Deilia A. (Deputy Associate Director of Correspondence for the First Lady)
(This is community organizing at it's finest.)
There has NEVER been anyone in the White House at any time who has created such an army of staffers whose sole duties are the facilitation of the First Lady's social life. One wonders why she needs so much help, at taxpayer expense, when even Hillary, only had three; Jackie Kennedy one ; Laura Bushone ; and prior to Mamie Eisenhower social help came from the President's own pocket.
Note: This does not include makeup artist Ingrid Grimes-Miles, 49, and "First Hairstylist" Johnny Wright, 31, both of whom traveled aboard Air Force One to Europe .
FRIENDS.....THESE SALARIES ADD UP TO SIX MILLION, THREE HUNDRED SIXTY FOUR THOUSAND DOLLARS ($6,364,000)FOR THE 4 YEARS OF OFFICE????? AND WE ARE IN A RECESSION????? WELL....MOST OF US ARE. I GUESS IT'S OK TO SPEND WILDLY WHEN IT'S NOT YOUR OWN MONEY??
Copyright 2009 Canada FreePress.Com
Yes, I know, The Canadian Free Press has to publish this because the USA media is too scared they might be considered racist. Sorry USA!
Rush Limbaugh’s Letter to President Obama
From the January 28, 2010 edition of the Rush Limbaugh Show: Rush reads his letter to President Obama.
A Dose of Reality, a Bid to Restore Magic
|
Breitbart Wires
- Golf: JLPGA money rankings+
- LEAD: Golf: Kitada gets 6th career win at T-Point Ladies+
- 10 Afghans killed in blast in Helmand province
- LEAD: Baseball: 9th-inning rally lifts Orix over Rakuten+
- East Jerusalem construction policy unchanged
- 2ND LD: Strong winds buffet Japan, causing some injuries in Tokyo area+
- AP NewsAlert
- LEAD: Soccer: Miyazawa earns Yamagata point against Reds+
- Grave robbers steal Cyprus Archbishops' remains
- GM's SKorean unit recalling nearly 60,000 vehicles
United American Patriots
- Surprise! Sgt. Evan Vela Has A Clemency Hearing In A Week – Time Sensitive! Major Bill Donahue, USMC -Ret
- The Dame Truth Interview – 2010-02-27 United American Patriots
- Opportunity To Help A Soldier And His Family Wendy Gumpert
- The Dame Truth Interview – 2010-02-22 United American Patriots
- Chandler’s Watch Interview – 2010-02-15 United American Patriots
- Twana Blevins Interview – 2010-02-11 United American Patriots
- The Dame Truth Interview – 2010-01-25 United American Patriots
- 2009-12-22 – For Immediate Release United American Patriots
Tags
On Point
Meta
Most Active Discussions
- Hope Rides Alone (33 comments)
- Terrorism Reality Check (8 comments)
- Obama's First 6 Months (5 comments)
- ‘Moderate’ Mosques - Yeah Right! (5 comments)
- Harry Reid calls on a higher power (4 comments)



