Archive for December 17th, 2007

Entitlement Peril!!!

Just in case there hasn’t been enough drumbeating for Social Security reform, it looks like the AP has gotten into the act:

The shortfall between the promises the government has made on Social Security, Medicare and other benefit programs is $45 trillion over the next 75 years, up nearly $1 trillion in just one year, the Bush administration reported Monday.

The administration, releasing the “Financial Report of the United States Government” for 2007, said that the gap between benefits that have been promised and projected revenues is up 67.8 percent from just four years ago, when it was estimated at $26.9 trillion.

This shortfall includes Social Security and Medicare in addition to Railroad Retirement and the Black Lung program.

(…)

Members of Congress said the increase in the unfunded liability for Social Security and Medicare underscored the critical urgency to do something in light of the looming retirement in coming years of 78 million baby boomers.

(…)

[O]fficials warned that something must be done to address the significant shortfall in the government’s largest benefit programs for Social Security and Medicare.

Shorter AP: Oh noes! Socialsecurityandmedicare is totally insolvent! We must reform Social Security immediately! (Because no-one ever, ever wants to talk about reforming Medicare)

Of course, if you actually look at the report, the Medicare deficit dwarfs the Social Security one, either $34T-$6T (p. 46) or $29T-$16T (p. 25), depending on whether you’re including people under 14 (the $34T-$6T number). But somehow Social Security reform is all anyone ever wants to talk about.

Even more interesting, if you look at expenditures as a percentage of GDP (p. 5, the chart titled “Current Trends Are Not Sustainable”), you see that Social Security holds fairly steady, Medicare and Medicaid expand significantly, and Net Interest positively explodes. This is why running up the national debt is bad, kids.

Me personally, I’m not worried about whether Socialsecurityandmedicare is insolvent or not, because Billgatesandeli has a net worth of $59 billion.

(h/t dakine)

December 17th, 2007 at 10:52pm Posted by Eli

Entry Filed under: Media,Politics,Republicans,Social Security,Wankers

Republican Quote Of The Day

The authoritarian mind revealed:

Senator Jeff Sessions of Alabama, said in a very derogatory tone:

“The civil libertarians among us would rather defend the constitution than protect our nation’s security.”

Oh the humanity.

(h/t Jane)

3 comments December 17th, 2007 at 09:31pm Posted by Eli

Entry Filed under: Constitution,Politics,Republicans,Wankers

Least Believable Statement Of The Month

By way of The All-Seeing Eye Of Froomkin, this is some truly epic bullshit right here:

Bush’s decisions on Iraq and Afghanistan could heavily influence his ability to pass on to his successor stable situations in both countries, an objective his advisers describe as one of the president’s paramount goals for his final year in office….

HAHAHAHAHAHAHAHAHAHAHA

*gasp*

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Oh, goodness. It… hurts to breathe.

December 17th, 2007 at 08:33pm Posted by Eli

Entry Filed under: Afghanistan,Bush,Iraq,Quotes,Republicans,Wankers

FISA Update

Holy shit! It worked! Reid backed down and pulled the FISA-with-telecom-immunity bill. I suppose this could have been his plan all along, that he would go through the motions just in case a miracle occurred and the FISA-without-telecom-immunity bill ended up passing, but I don’t trust him enough to give him that much credit.

I would love to see the Democrats now adopt a minimalist, take-it-or-leave-it position now, along the lines of, “Okay, Dubya, we’re going to pass a bill that resolves the foreign-to-foreign-via-the-US problem… and absolutely nothing else. If you don’t want to sign it, we’re perfectly happy to let the Protect America Act lapse in February, and we don’t think anyone will notice the difference. Your move, tough guy.”

Of course, this can only happen inside my head, but hey, a guy can dream, and hopefully the Democrats can get closer to that ideal next time around. If they can internalize the concept that a Bush veto and the resulting expiration of the PAA is not the end of the world, they should be in good shape.

If you want to show Dodd some… financial love, go here. I think he’s earned it.

1 comment December 17th, 2007 at 07:51pm Posted by Eli

Entry Filed under: Constitution,Coolness,Democrats,Dodd,Politics

The Official Multi Medium Presidential Endorsement

Not that it makes a whole lot of difference, but it’s more relevant than Lieberman’s.

I’m endorsing Chris Dodd for President.

It’s long, but read the whole thing. He’s the only Democratic presidential candidate in the Senate with the balls, honor, and integrity to stand up for the Constitution and the rule of law.

It’s just too bad that Harry Reid has decided that he wants his legacy to be that he was so dead-set on granting telecoms retroactive immunity that he was willing to disregard another Senator’s hold, which is Just Not Done. And not a hold by a Republican trying to screw the country over or cover his own ass, but a fellow Democrat, advocating for something he claims to agree with???

Harry, if you’re not going to give ’em Hell, then just go there.

December 17th, 2007 at 06:30pm Posted by Eli

Entry Filed under: Constitution,Democrats,Dodd,Elections,Politics

Traitor Joe Gets His Comeuppance

Well, after stabbing the Democratic Party in the back yet again, this time by endorsing a Republican for president, it should come as no surprise that Lieberman would take some heat from his former party.

Behold, as the ol’ boxer, Harry Reid, unleashes The Most Savage Beatdown Of All Time:

“I have the greatest respect for Joe, but I simply have to disagree with his decision to endorse Senator McCain,” Senate Majority Leader Harry Reid, D-Nevada, told CNN in a written statement.

BAM! Take THAT, Joe! He won’t soon recover from that one, I can assure you.

Sure, Harry could have said he strongly disagreed, but that would have just been piling on. No need, after dismantling the poor man so thoroughly. Brutal, yet classy.

1 comment December 17th, 2007 at 11:50am Posted by Eli

Entry Filed under: Democrats,Elections,Lieberman,McCain,Politics,Republicans,Wankers

Mostly Vertical B&W NYC Photoblogging

From the general vicinity of the Museum Of Modern Art:

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December 17th, 2007 at 11:07am Posted by Eli

Entry Filed under: NJ/NYC,Photoblogging

Monday Media Blogging

Yet another great Japanese music video by way of Pink Tentacle. 80s videogame sound effects, break-dancing skeleton, and naked women with eyeball heads.

What’s not to love?

4 comments December 17th, 2007 at 07:06am Posted by Eli

Entry Filed under: Monday Media Blogging


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