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August 12, 2011
The only reason Barney Frank doesn't have his head up his ass is that there's no room left in there
INSKEEP: Congressman, if I can, we've just got a few seconds. You have mentioned defense spending. You've mentioned tax increases. Those are two areas of disagreement. The biggest part of the federal budget is entitlements...
FRANK: No, wrong. I'm sorry. The Defense budget is bigger than Medicare, and Social Security is, in fact, self-financing, still is.It's not Medicare and Social Security that are the word games here. Frank and others of his ilk like to leave out Medicaid when discussing Medicare. Medicaid and Medicare combined for 2010 cost $ 793 billion. Defense for 2010 costs $689 billion. Clearly smaller. But Frank never met a fact he didn't try to fuck up. Chart via La Wik is here:
Posted by Vanderleun at August 12, 2011 1:24 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
Social Security is self-financing? Then why have they been taking FICA out of my paychecks all these years?
Posted by: BillT at August 12, 2011 4:43 AM
And the people of Massachusetts keep voting this slug in...
Posted by: tim at August 12, 2011 6:17 AM
I've said it before and I'll say it again:
Keep putting the pressure on Medicaid. Medicare has problems for sure, but it is 100% the province of people who've paid into SS all their lives and are now at least over 60.
Medicaid is the source of all the rot, from free health care for illegals to life-long free care for the permanent underclass. Never forget that at least Medicare recipients have to pay premiums and co-pays. Medicaid is a free ride, and the offices are indistinguishable from those O'Keefe videos.
Posted by: Rob De Witt at August 12, 2011 8:40 AM
And the people of Massachusetts keep voting this slug in...
They do it for the same reason they kept sending Teddy Kennedy back -- it keeps him away from their kids.
Posted by: BillT at August 12, 2011 10:59 AM