Rep. Jerry Moran, R-Hays, who increasingly looks prescient for his refusal to vote for the Medicare prescription drug bill, noted this month in Clay Center that congressional politics has stalled the discussion about how to fix the drug program, which has been a nightmare for some pharmacists and citizens. Moran predicted Congress eventually would do “some tweaking” to the program. “We have to get through November before anyone is willing to admit there is a problem,” Moran told the Clay Center Dispatch. Funny how that works.
Posted by Rhonda Holman
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8 Comments
I guess they want to spend more money.
Right now the Federal Government spends 40% of it’s budget on social security, SSDI, and the Perscription drug plan.
Today it takes 7 workers who input into the SS system to sustain 1 retiree. That tells you the system is in big trouble.
Once the full force of the baby boomers retire, the Federal Government will spend upwards of 60% of it’s budget.
heheh joe. I am going to assume you mean 60% of its budget on s.s.
The republican conservatives in congress are already spending waaaaaaaaaay more than 100% of their budget.
Deficits are such a cute accounting trick…
With the way much of the younger generation is allergic to hard work, we baby boomers are in big trouble. I don’t count on SS to live on when I retire, the more independant, the better. The thought of someone else being in charge of whether I can eat or pay my utilities scares the hell out of me. No thank you!
Ks Farm GirlYou need an economics lesson. The deficit is a VERY small figure in relation to the actual budget, or in relation to actual federal revenues.The deficit is definately less than 10%, and I am guessing, when all is said and done, that the 2006 deficit will come in around 4%.It is a moving target, it is not possible to perfectly “balance” the budget, but we are in very good shape after natural disasters, wars, and the Clinton recession.(As JFK also taught us, “deficits are caused not by wild eyed spending but by periodic recessions”)FDR ran deficits of over 20% more than once.The deficit has been declining rapidly this year, primarily as a result of the supply-side Bush tax rate cuts, the same thing that Reagan and JFK used to spur the economy.By the way, back to the original subject of this thread, I have sold nearly 100 “Part D” Prescription Drug plans. Most of the problems I find are due to government bureacracy, problems that I find in all government programs that I have dealth with.For the most part, The Part D program is working very well.If you know of someone with a specific problem, please let me know.I might be able to help.(And before someone calls this a commercial, I have to tell you my commissions on Part D plans are pathetically low, and I frequently advise people to keep what they have in place, rather than switch to me.)
Specter is drafting a bill, that may be ready by the end of the week to allow congress to sue the president for his 800 signing statements, which violates his duty to either sign, veto, or take no action on bills. It’s about damn time he finds out this isn’t a monarchy.
Paul–
And you work as CFP, sheesh!
What would you tell a family of five who had a credit card debt of 140,770 dollars?
http://www.brillig.com/debt_clock/
Because that’s what a family of five owes to pay off their share of the national debt now approaching 8.5 TRILLION dollars.
The deficit this year is the fifth largest in history:
Highest Budget Deficit: 1943 $486.2 billion.Second highest Budget Deficit: 1945 $456.8 billion.Third highest Budget Deficit: 1944 $448.2 billion.Fourth highest Budget Deficit: 2004 $383.7 billion (estimated).
The other ones all happened while we were fighting WW2 and while Bush was president.
ProfEverything is relative.It is the percentage of GDP that must be taken into account.Raw numbers, due to inflation and changing times, are meaningless.Also, Bush is saddled with more entitlement programs, and an older population, than any other President in history.Again, the deficit is declining.It is tax rate cuts that are forcing the economy into a boom cycle, and reducing the deficit.
By the wayArlen Spector has no support.I wish he would switch parties and get it over with.