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Friday, August 24, 2007

Democrats Worried About Debt From Entitlements Like Medicare, Social Security

According to the New York Sun, the numbers for the federal deficit have been shrinking.

2004: $413 billion
2005: $318 billion
2006: $248 billion
2007: $158 billion

The deficit as a percentage of the nation’s Gross Domestic Product has been shrinking as well:

2004: 3.6%
2005: 2.6%
2006: 1.9%
2007: 1.2%

So that’s relatively good news right?  We’re not shrinking the national debt, which isn’t great, but the rate at which that debt is growing has come down.  Which is nice.

The Democrats’ reaction?

Democrats responded to yesterday’s good news on the budget by predicting that the red ink would start flooding again in future years as the bills for entitlement programs such as Medicare and Social Security come due.

Wow.  Yet, if anyone tries to suggest even a reduction in the rate of spending growth on those entitlement programs the Democrats are quick to brand them as one who doesn’t care about sick people or hates the elderly.

Personally, I’d be enthused if Democrats were really worried about what Medicare and Social Security are costing us as a nation.  But really, the only solution they ever have for expensive spending programs is “raise taxes.” Reducing spending is never, ever an option.

But hey, at least the Democrats are willing to admit that Social Security and Medicare, among other massive government entitlements) are problems.  Maybe now they’ll quit trying to point to Medicare as evidence of working government-provided health care.

Comments

Doesn’t that mean to you that somethings wrong with these future entitlement programs?


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on August 24, 2007 at 07:29 am

This is like the Dems criticizing the President for his spending programs.  Pure hypocrisy.


If you don’t know by now, don’t mess with it.

robert108 on August 24, 2007 at 08:59 am
Avatar for Heidi

Finally Congress fesses up to its fiscal irresponsibility. U.S. Comptroller General David M. Walker has said “We’re spending more money than we make…charging it to our nation’s credit card…and expecting our grandchildren to pay for it. And that’s immoral.” Go to http://www.yourchild’sdebt.org to see what else Walker says that few politicans will.

Heidi on August 24, 2007 at 12:15 pm

You might want to give us the correct url Heidi.

http://www.yourchildsdebt.org/

likwidshoe on August 24, 2007 at 12:21 pm
Avatar for Heidi

oops.  Thanks likwidshoe. The correct url is:

http://www.yourchildsdebt.org

Heidi on August 24, 2007 at 12:24 pm
Avatar for California healh insurance

the only solution they ever have for expensive spending programs is “raise taxes.” Reducing spending is never, ever an option.

You nailed that one.

California healh insurance on October 11, 2007 at 11:05 pm
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