The Democrats and Obama passed the largest entitlement thus far. It too will fail. In the interim, Congress and Obama refuse to learn.
Social Security is now unfunded. This year Social Security will pay out more in benefits than it will receive in taxes. Social Security was supposed to reach that stage in 2016 according to the Congressional Budget Office. Stephen Goss, the chief actuary of the Social Security Administration, said the problem of joblessness and decreased payroll taxes are the issues. Social Security is a Ponzi scheme. It works just like Bernie Madoff's fraud.
Bernie Madoff:
- Takes money from investors with the promise that the money will be invested and made available to them later - similar to a "trust".
- Instead of investing the money Madoff spends it on expensive yachts and homes.
- When the time comes to pay the older "investors" back, Bernie finds new contributors (investors) to provide new money to pay the older investors.
- When Bernie's scheme is discovered, he gets no more new cash
- Bernie goes to prison
Social Security
- Takes money from wage earners with the promise the money will be invested in a 'trust fund" and made available later.
- Instead of a "trust fund" (which does not exist), the money is used by politicians to fund other government spending and vote buying.
- When the time comes to pay the older "investors",the US Treasury finds younger workers to provide new money to pay the older investors.
- When the money runs out, as it has, taxpayers are forced to make up the difference.
- Politicians are not in prison-- they receive generous perks and wonderful retirement.
When the tax money runs out, as it has, the US Treasury just prints more. It is good to be king.
The many reasons the latest entitlement of universal health care will fail are ignored by the Democrat Congress and the Democrat president.
- Costs of health care are uncontrolled.
- Physicians will leave or refuse to accept government enslavement
- Plaintiff attorneys are not able to practice medicine.
- Bureaucrats are not able to practice medicine.
- Congress is unable to practice medicine.
- Obama is unable to practice medicine.
- Reducing the pay of physicians and raising the pay of bureaucrats will encourage physicians to become bureaucrats.
- Whoever can afford it will either leave the USA for medical care or find competent physicians who have opted out of government controlled medicine in the USA
- Under current circumstances, a physician shortage is present. It will worsen substantially in the future.
- Thousands of physicians are opting out of medicine today, retiring early, changing professions and simply quitting practice.
- Morale and productivity are dreadful in socialist countries when physicians are surveyed. Recent surveys in the USA have found morale and productivity of US physicians has deteriorated.
Medical innovations originate in the USA more than any other place in the world. Nobel Prizes in Medicine and Physiology have gone to more Americans more than all other nations combined. Obama and the Democrats will kill that.
The British National Health Service is the third largest employer in the world with 1.4 million employees. The number of employed physicians is about 113,000. Most of the physicians are trained in Third World countries. One British trained physician shared a Nobel Prize in Medicine in 1988. He is the only one since 1946. Our so-called representatives are ignoring the reality and destroying the most productive medical care system in the world. They are rewarded with perks, high salaries and generous retirement.
The future is not bright unless the people undo the radical agenda just put in place.
references: Jason Cutts, "This sums up Social Security"
Jim DiFillippo, "Will Social Security Be There for YOU?"
Saul William Seidman, MD, FACS, Trillion Dollar Scam, Exploding Health Care Fraud. availiable bn.com & amazon.com
Saul William Seidman, MD, FACS, Inevitable Incompetence, Soaring Medical Costs, Dangerous Medical Care, available amazon.com & bn.com
Comments
Social Security would have been much worse off (obviously) if Dubya's attempts to railroad it out of the public's hands and into private investments had been successful - and we know how high a priority for him THAT was. Very, Very High.
Social Security has been much abused by our past administrations (largely Republican, BTW – Bill Clinton was fiscally responsible) as a gigantic slush fund for covering up the extent of our debts. The solution, however, is easy – we need to raise the cap on contributions into the fund, and not by a huge margin either. Really, that’s all it would take – and the numbers for this have been crunched endlessly. If Social Security proves to be a recurring theme, I will dig up the links and hound you mercilessly until you decide to give your own payments back to Uncle Sam. Feel free to do that anyway, big guy.
Computer Your Own Tax Cap Here: bit.ly/dcTwIx
P.S. Love the anti-Boxer political ad sponsored by Carly Fiorina. You might want to talk to a few ex-Hewlett Packard employees to see what they think of her - has any Silicon Valley CEO ever commanded less respect? She was fired for cause, golden parachute and all. The HP Way Is Dead - Long Live HP.
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