When unveiling a proposal to reform Medicare alongside Senator Tom Coburn (R-Okla.), Senator Joe Lieberman (I-Conn.) warned that the entitlement program will eventually “go broke” and lead to a “fiscal disaster” for the United States.
“Each Medicare enrollee will on the average take almost three times more out in Medicare benefits than they contribute in payroll taxes and premiums,” Lieberman said during a press conference at the Capitol on Tuesday.
Chris Matthews Tuesday once again showed that his tenuous grasp of reality is getting dangerously weak.
During the final segment of "Hardball," the host unequivocally blamed the 2007 financial crisis and resulting recession on George W. Bush just moments before he said, "Okay, Obama hasn't been able to get us out of it yet, but...there’s no sense blaming one Party or the other" (video follows with transcript and commentary):
And why beholdest thou the mote that is in thy brother's eye, but considerest not the beam that is in thine own eye? -- Matthew 7:4
On a somewhat slow Thursday night, let's have a good chuckle. On his MSNBC show this evening, Cenk Uygur jumped on a poll showing Paul Ryan with a 26% unfavorability rating to declare that America "can't stand" the Wisconsin congressman and that the 26% unfavorable rating is "disastrous."
Question for Cenk: if a 26% unfavorable rating is that bad, how would you describe Nancy Pelosi's unfavorable rating of . . . 63%? Just wondrin' . . .
View video after the jump.
Lawrence O'Donnell on Tuesday accused Congresswoman Michele Bachmann (R-Minn.) of being a socialist.
"The Last Word" host, who has admitted on national television to himself being a socialist, did so by cherry-picking from an article published at the perilously liberal website "The Huffington Post" (video follows with commentary and full transcript at end of post):
In the run-up to the passage of Obamacare in March 2010, Nancy Pelosi infamously told a friendly audience: "We have to pass the bill so that you can find out what is in it."
Fifteen months later, we still haven't learned everything about a bill which no honest congressperson or senator can claim to have read and fully understood.
Today's "discovery" is that some couples in their early 60s earning up to $64,000 a year can qualify for Medicaid. As has become establishment press custom since Obamacare's passage, Ricardo Alonso-Zaldivar at the Associated Press reports on the "anomaly," without getting to its root cause, namely that nobody who voted for the 2000-page legislation knew it was there:
Top House Democrats are going on the offensive against business consulting firm McKinsey & Company over a study the company conducted that found that significant numbers of employers would stop offering health insurance due to Obamacare’s mandates.
The McKinsey study found that 30 percent of employers would “definitely or probably” stop offering their employees health insurance due to Obamacare’s minimum coverage mandate for employers with 50 or more employees.
Newsweek's Evan Thomas on Friday tried to float the typical media meme that neither Party is doing anything to solve our nation's budget crisis.
Unfortunately for him, fellow "Inside Washington" panelist Charles Krauthammer accurately noted that the Republicans have offered a proposal to cut $6.6 trillion in the next ten years, "but the Democrats have done nothing except to demagogue the plan and to destroy it" (video follows with transcript and commentary):
CBS hounded four Republicans from the left during a town hall on the economy which aired on Tuesday's Early Show. Bob Schieffer, Erica Hill, and Rebecca Jarvis pressed Reps. Paul Ryan and Allen West, Senator Tom Coburn, and South Carolina Governor Nikki Haley to consider tax hikes to deal with the deficit. Schieffer also specifically accused the three members of Congress of "doing nothing" to fix the economy.
The two online questions which Jarvis took from viewers touted Democratic talking points about deficits under former President George W. Bush and how cutting the federal budget would lead to an increase in the unemployment rate, due to the laying off of federal employees. She also vigorously pursued both Rep. Ryan and Rep. West. about the issue of jobs. In the first instance, the CBS business correspondent used an earlier answer from Haley, which emphasized the issue, to actually accuse the greater Republican Party of not paying enough attention to this issue, as well with the overall issue of the economy:
CNN's Eliot Spitzer arrogantly lectured about the benefits of Keynesian economics Sunday while accusing fellow panelists on "Fareed Zakaria GPS" of not knowing what they were talking about because they weren't business owners.
This led British historian Andrew Roberts to point out that President Obama's administration are mostly academics, and Ann Coulter to ask Spitzer, "What business have you ran? You’re a governor" (video follows with transcript and commentary):
Author Ann Coulter sparred with Joy Behar on Reaganomics on Wednesday's episode of The View. "How are you going to solve it if you don't have any revenue coming in?" asked Joy Behar of the conservative commentator, who is currently promoting her latest book, Demonic. "When Reagan cut taxes, each year, as the taxes went down, revenue to the treasury went up" Coulter responded.
As The View's most ardent leftist, Behar went on to try to blame bad loans and the housing crisis on Republicans. Coulter merely rebutted with the facts. "You cannot blame the Republicans on that" said Coulter. "The big banks then bundled them to the mortgage-backed securities, they got spread out into everyone's portfolio. So it was like a poison in the economy."
(video after the break)
Dennis Cauchon at USA Today has been one of a very few establishment press reporters willing to expose federal workers' disproportionate pay and benefits (previous examples here and here) as well as Uncle Sam's precariously dangerous financial situation.
Cauchon has two USAT items today on the latter topic (HT to NB commenter Gary Hall): "U.S. funding for future promises lags by trillions," which reports that federal obligations totaled $61.6 trillion as of September 2010, a $5.3 trillion increase from a year earlier, and "Government's Mountain of Debt," which itemizes those obligations by major source.
Unsurprisingly, 75% of federal obligations, or a combined $46.2 trillion (actually more, which will be seen at the end of this post), relate to Social Security and Medicare, which no one but a few deluded leftists believe (or pretend to believe) are sustainable in their current form. Unfortunately, at the end of his first story, Cauchon quoted one of them, Michael Lind, whom the USAT reporter described as "policy director at the liberal New America Foundation's economic growth program," who said the following:
On Friday, Cass Sunstein, the White House's 56 year-old Administrator of the Office of Information and Regulatory Affairs (pictured at right), attempted to disavow a 42-page paper he wrote called "Lives, Life-Years, and Willingness to Pay," which recommended that the government reduce resources directed at benefitting the elderly in favor of increasing what goes to young people, because young people have more years of life ahead of them. His statement, as carried at CNS News:
“I’m a lot older now than the author with my name was, and I’m not sure what I think about what that young man wrote,” he said. “Things written as an academic are not a legitimate part of what we do as a government official. So I am not focusing on sentences that a young Cass Sunstein wrote years ago.
So, dear readers, before you go to the rest of this post, guess how "young" Sunstein was when he engaged in his de facto "death panels" advocacy.
... Ready? Okay, here goes: