Obama administration spokesman Bill Burton pleaded with reporters to not call President Obama’s 10-day vacation in Martha’s Vineyard a ‘vacation’ since, “you can bet that there will still be work that he’s doing every day.”
The Age of Entitlements Must End:
The latest Democracy Corps poll, performed by Democratic pollsters Stan Greenberg, James Carville and Bob Shrum, shows that by a 64% – 29% margin, the American people believe that things in this country “have gotten pretty seriously off on the wrong track.” But nobody seems to have bothered to tell President Barack Obama who, on the second-to-last leg of a $4 million fundraising trip for Democrats, told a group of supporters in Columbus, Ohio: “Slowly but surely, we are moving in the right direction. We’re on the right track.” And that wasn’t the most completely divorced-from-reality statement that the President made yesterday. Responding to a question about Social Security, the President insisted: “So here’s the thing. Social Security is not in crisis.” Oh yes it is.
The debate about whether Social Security needs to be fixed is over. The 2010 Social Security Trustees Report, released on August 5, shows that the program will run cash-flow deficits in both 2010 and 2011 due to the effects of the recession. Then in 2015, Social Security will begin to inflict massive permanent annual deficits on American taxpayers. And Social Security is just one of the Big Three entitlements (Social Security, Medicare and Medicaid) that is set to bankrupt our country. Unless major reforms are made, spending on just these three programs alone will consume all federal government revenues by 2052. According to the International Monetary Fund, over the next 20 years the United States will experience the second highest projected increase of all the G20 countries in health care and pension spending as a share of GDP.
"How strangely will the Tools of a Tyrant pervert the plain Meaning of Words!" -- Samuel Adams