When President Obama gets around to presenting his budget keep in mind that under his watch:
- Food stamp usage has increased by 14.2 million recipients.
- While Social Security recipients received no COLA for two years federal worker did enjoy the adjustments.
- The country now spends $1.6 billion per year on free cell phones for the deserving poor.
- The Department of Energy funneled almost $30 billion into green energy investments with 16 of 20 loan guarantees going to political allies of the administration.
Although the proposed budget will still be hopelessly out of balance Obama has found one area to cut. That area, which has already been scheduled to be cut $500 billion over ten years thanks to Obamacare, is Medicare. From WSJ: Obama’s Budget Includes Cuts, Not Changes, to Medicaid & Medicare;
The president will propose cutting spending on Medicare, the federal health program for the elderly, and Medicaid, the joint federal-state program for the poor and disabled. However, he isn’t proposing the structural changes that experts say are needed to control spending in these programs over the long term. For instance, Mr. Obama won’t suggest raising the Medicare eligibility age, as he was willing to do over the summer during bipartisan budget negotiations that failed to produce a deal. He also doesn’t plan to propose changes to Social Security.
Instead, he again will put forward proposals to reduce spending by roughly $248 billion on Medicare and roughly $72 billion on Medicaid. The proposals include higher premiums and deductibles for many beneficiaries and lower payments to drug companies, hospitals and nursing homes.
Does anyone else see a pattern with Mr. Hopenadchange's budgetary priorities? The stimulus bill poured $800 billion into auto company bailouts, green energy initiatives, and public sector jobs for teachers, cops and firemen, but to pay for theses excesses he has the effrontery to ask senior Americans to pick up the tab.
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