Thursday, January 13, 2005

Musings 10--"when their lips move..."

I know that I said that I was going to have some New Year's here it is: I will not make any New Year's Resolutions.

Wouldn't it be nice if all promises were that easy to keep?

Social Securtiy: Crisis or not?

Mr. President is taking on social security. Why he has decided to do so is quite unclear...or fuzzy.

I have been reading everything that I can find about social securtiy. Basicly, the system is fine until 2015 or 2018. Exact years are hard to come by until exact numbers come in, but most experts and the 2004 Annual Social Security and Medicare Trust Fund Report (ASSMTFR) feel that this is a safe span of time. (I feel I must say that the ASSMTFR lends itself to be called the ASSMETER Report. So now I've said it, and I can go onward.)

According to the ASSMTFR on page ten, listed under key dates for the Trust Funds, it states the following: The first year outgo exceeds income is 2018. The first year outgo exceeds income including interest is 2028. The year trust fund assets are exhausted is 2042.

Keeping the above paragraph in mind...where is the crisis? It needs to be dealt with, for sure. But, in case everyone has forgotten, this is 2005. We have 13 years till we are spending more than we're making and 23 years before we have exhausted the earned interest.

The system needs to be upgraded. No one will argue this. However, there is no crisis Mr. President. (He used that word several times yesterday in referring to social security.) As a matter of fact, there is the possibility of four more Presidents, depending on reelections, coming and going before social security hits critical mass. Most likely everyone of these future leaders will have their own take on the situation. Chill out and study the problem, Mr. President. We don't need any more fuzzy math.

So I guess it,s like the cons used to say about Clinton: How do you know if he's lying...his lips are moving. For Mr. President we can say: If there is no crisis...invent one. Kinda like WMD's.

One last educational note:

Thre are four separate trust funds. Social Security has two: Old Age and Survivors Insurance and the Disability Insurance Trust Fund. Medicare has two: Hospital Insurance and The Supplementary Medical Insurance Trust Fund known as Part B.

The trust fund that is growing the fastest is Medicare Hospital Insurance. It ran out last year, 2004, and is now eating up the other trust funds. Maybe we should get a handle on it. Absolutely, you say. Pass medical malpractice caps and it will hold down medical costs. Well, ah, let us cite Texas. Yep, the place that Mr. President is from. They capped out at $250,000 on malpractice suits. The top four insurance companies in Texas rose between 16 to 35 per cent last year. How do you think that will work nationwide. Oh, boy!

Now for something completely different.

It was 70 degrees here in Huntington, WV yesterday. A new high for January 12th. It must be a sign of the times. The end is no doubt nearer. If there was a rumor of war, I'd be worried. Whoa, you say, there is a war. Yep, but it isn't a rumor of war...its a fact. We're good for another day...maybe.

The old print shop is considering some changes...stay tuned for new developments.

Keep it real...till later.


At 10:13 PM, Blogger I Think You're All Idiots said...

This comment has been removed by a blog administrator.

At 10:36 PM, Blogger I Think You're All Idiots said...

Good grief, man. You flip floppers are too much.

When G.W. cited Iran, Iraq, and North Korea in the axis of evil the left went nuts saying "Why is he including N. Korea in there?!" Then when he proceeds into Iraq your tune turns to "Why isn't he going after N. Korea?!" I'm positive if he decided to take out Kim Jong Il the left would say "What are you crazy? What about those crazy U.N. people. Let's focus on withdrawing from that!" And then of course if he came out tomorrow and stated his intent to withdraw from the U.N. it would be met with "We need the U.N. to attack N. Korea".

But now the focus is on SSI and your asking why G.W. Bush is giving it so much attention. When only a few weeks ago you were stating that someone needs to do something, AND FAST! So Bush decides to begin the process of overhauling the 70 year old system and you ask "What's the hurry?" And absolutely undoubtedly if he left it unattended for the next guy to deal with, the left would be pounding him for his inattention to a yet future problem.

I'll leave it to the great minds that are the leftist , and some closet Republicans, to ponder the answer to your question...What's the hurry? And as I always love to get the last word in....Look through the history of SSI and see which party most consistently dips into the system to fund other ventures. By the way my New years Res. are far easier to keep...I resolve not to climb Everest, trek to the North Pole, or wrestle a crocodile.


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