Pelosi, Social Security, Health Care Reform, False Media Polls
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Thursday March 25, 2010
Zinger Has Taken A Few Weeks Off. I Need A Break. We Will Return The Week Of April 12, 2010.
Today’s Zinger:
When Is Social Security Not Social Security.......When It's Social Insecurity
There's a lot going on so Zinger takes a shot (oh no, someone is going to say that I am stirring up a riot or threatening someone) at four different topics:
1) Nancy Pelosi and the walk of shame.
2) Health care reform receives world praise from….Chavez and Castro.
3) Social Insecurity. The deficit and debt is about to go higher, much higher.
4) Political polls in the hands of political pundits will result in lies and manipulation.
Who Said It?
"The ignorance of one voter in a democracy impairs the security of all".
The Discussion:
Nancy Pelosi:
Did you notice when Nancy Pelosi walked to the Hill to chair the vote on health care? She walked down the street, with guards, carrying her gavel. Please explain to me why the Speaker of the House would walk down the street carrying her gavel? Congress has underground passages to connect to the Hill without walking outside. Secondly, why is the gavel in her hand and not on the podium in the house? Something is not right about this picture. Either she is tempting fate, trying to instigate trouble or flaunting her power. To me, it was the walk of shame.
At a time when the Democratic leadership was cautioning about threats and bad behavior, please tell me why she would do this? And to think, they called Tom Delay "The Hammer".
Health Care Reform:
The United Sates has received world praise for passing health care reform. Hugo Chavez and Fidel Castro have sent congratulations. Have you heard of any other country sending congratulations? I haven't.
Social Insecurity:
For years we have known that Social Security and Medicare were going broke. Many people disregarded the warnings. Other people simply said that we will be able to resolve this problem before they become insolvent. Then there are those that didn’t even bother to understand the magnitude of the problem and went about their daily life. Some didn’t realize that the trust funds that were set up to store the money for future generations of payments had been depleted by Congress and used in the general funds to pay for excessive spending in prior years. The trust funds have no money, none, zero.
Up until last week we were told that Medicare would have sufficient funds until 2016 and Social Security would go in the red (meaning they were spending more money than they were collecting) in 2014 with bankruptcy in 2024 (unless something is done to save it). Well, things have changed. As a result of the recession, Social Security is now spending more money than they are collecting. Additionally, we anticipate that it will take at least 5 years for the economy to absorb all of the unemployed workers, which means that Social Security will most likely not be able to recover to a positive cash flow where they are collecting sufficient tax to pay current beneficiaries. From this day forward we may be operating at a loss.
What does this mean? Remember the $3.7 trillion budget deficit this year. How about that $12.7 trillion dollar national debt? Both are about to balloon. The only way to pay these bills is to print more money and accept the inflation consequences or borrow money. From China? How about anyone that is willing to lend us the cash we need.
Our government must get focused on rebuilding this economy and doing it fast. The administration seems to be willing to allow the economy to recover at its own pace, which it will. In the meantime, the economy struggles, unemployment remains around 10%, incomes remain depressed and government tax collections are declining which increases the budget deficit and national debt.
So, to all of you that think this thing is going to fix itself, it is time to start paying attention to what is going on. The administration is committed to tackling immigration reform (a payoff for a health care vote), financial reform (thank goodness that Chris Dodd is retiring so he can attack this problem without concern to his political life, because it is over) and cap and trade (there’s a real jobs builder). Maybe they should start with budget reform.
Who can forget President Obama’s speech after Brown won Ted Kennedy’s Senate seat from Massachusetts…..Jobs, Jobs, Jobs… That’s what he said. Sorry, it doesn’t feel that way. Secondly, that lack of jobs is disclosing the true vulnerability of our economy as the social programs that require a continuous feeding of tax revenue from workers go belly up. Social Security, Medicare and Medicaid have become current liabilities and not future liabilities. The future is now.
The Polls:
I read two polls in the past week that show how the media distorts the facts. Huffington Post, which is a liberal blog, posted a report that said that the public is now supporting health care reform. What they didn’t say is that this poll is done twice a week by a different polling group asking the same questions. The group that did the poll that week reported that public opinion has changed in favor of health care reform. What they didn’t say is that all other polls done by different groups asking the same questions showed the public was against this reform legislation, with the exception of two other times in the past 6 months. Interestingly, the other two times where done by the same firm that brought you this weeks numbers. I would say they don’t know how to survey.
I also read another Huffington report that said their survey shows that the majority of Americans (53%) support the health care reform or would support it if the bill were more liberal. When you look at the data, what they didn’t tell you is 82% of Americans support the bill or would support the bill if it were less liberal. Only 13% wanted the bill more liberal and 42% wanted it less liberal.
The moral of this story is that there is a survey for everyone. It also shows that the media must think that no one is reading or really evaluating the facts and just listen to their biased rhetoric.
Who Said It?
"The ignorance of one voter in a democracy impairs the security of all."
John F. Kennedy
Today's ZingerToon:
What's In The Way of World Peace
The Implications of Health Care Legislation
Health Care Experiments and Pilots Are Parking Lots Of Political Decisions
Confessions of an Academic: Obama's Advisors.
America's Health Care, Universal Health Care
The President's State Of The Union Speech
Supreme Court Rules On Corporate Political Advertising
A Republican In A Democrat's Seat. Brown In Kennedy's Seat.
How Parenting Style Shows Up In International Politics. Non-Verbal Communications.
The Role Of Government: Provider or Enabler?
The Corruption Of Health Care Legislation
Inflation Is Coming, Inflation is Coming. Inflation And The Deficit
The Administrations Decision Process For Afghanistan
President Obama's Job Fair and Search for Jobs
President Obama's Afghanistan Strategy and Speech
Shameless Request For Support:
ZingerKing operates without advertising or government funding (obviously). The purpose is to inform and educate its readers about economic and political issues that affect our lives.
Help ZingerKing grow. Have you Zinged someone lately? Please forward a link to ZingerKing to a friend, family member or neighbor. If you enjoy reading the Zinger please subscribe (see the subscribe box at the top of the article in the purple side band). Subscribers receive the "Morning Briefing" when published with a link to the full article. Periodic alerts are sent to subscribers only with important updates and insights into critical issues. Your email address will not sold to others and will not be shared.
Write To Us:
You can comment on any article by clicking on the comment button at the bottom of each article or you can write to us at ZK@ZingerKing.com
Thursday March 25, 2010
Zinger Has Taken A Few Weeks Off. I Need A Break. We Will Return The Week Of April 12, 2010.
Today’s Zinger:
When Is Social Security Not Social Security.......When It's Social Insecurity
The Morning Briefing:
There's a lot going on so Zinger takes a shot (oh no, someone is going to say that I am stirring up a riot or threatening someone) at four different topics:
1) Nancy Pelosi and the walk of shame.
2) Health care reform receives world praise from….Chavez and Castro.
3) Social Insecurity. The deficit and debt is about to go higher, much higher.
4) Political polls in the hands of political pundits will result in lies and manipulation.
Who Said It?
"The ignorance of one voter in a democracy impairs the security of all".
The Discussion:
Nancy Pelosi:
Did you notice when Nancy Pelosi walked to the Hill to chair the vote on health care? She walked down the street, with guards, carrying her gavel. Please explain to me why the Speaker of the House would walk down the street carrying her gavel? Congress has underground passages to connect to the Hill without walking outside. Secondly, why is the gavel in her hand and not on the podium in the house? Something is not right about this picture. Either she is tempting fate, trying to instigate trouble or flaunting her power. To me, it was the walk of shame.
At a time when the Democratic leadership was cautioning about threats and bad behavior, please tell me why she would do this? And to think, they called Tom Delay "The Hammer".
Health Care Reform:
The United Sates has received world praise for passing health care reform. Hugo Chavez and Fidel Castro have sent congratulations. Have you heard of any other country sending congratulations? I haven't.
Social Insecurity:
For years we have known that Social Security and Medicare were going broke. Many people disregarded the warnings. Other people simply said that we will be able to resolve this problem before they become insolvent. Then there are those that didn’t even bother to understand the magnitude of the problem and went about their daily life. Some didn’t realize that the trust funds that were set up to store the money for future generations of payments had been depleted by Congress and used in the general funds to pay for excessive spending in prior years. The trust funds have no money, none, zero.
Up until last week we were told that Medicare would have sufficient funds until 2016 and Social Security would go in the red (meaning they were spending more money than they were collecting) in 2014 with bankruptcy in 2024 (unless something is done to save it). Well, things have changed. As a result of the recession, Social Security is now spending more money than they are collecting. Additionally, we anticipate that it will take at least 5 years for the economy to absorb all of the unemployed workers, which means that Social Security will most likely not be able to recover to a positive cash flow where they are collecting sufficient tax to pay current beneficiaries. From this day forward we may be operating at a loss.
What does this mean? Remember the $3.7 trillion budget deficit this year. How about that $12.7 trillion dollar national debt? Both are about to balloon. The only way to pay these bills is to print more money and accept the inflation consequences or borrow money. From China? How about anyone that is willing to lend us the cash we need.
Our government must get focused on rebuilding this economy and doing it fast. The administration seems to be willing to allow the economy to recover at its own pace, which it will. In the meantime, the economy struggles, unemployment remains around 10%, incomes remain depressed and government tax collections are declining which increases the budget deficit and national debt.
So, to all of you that think this thing is going to fix itself, it is time to start paying attention to what is going on. The administration is committed to tackling immigration reform (a payoff for a health care vote), financial reform (thank goodness that Chris Dodd is retiring so he can attack this problem without concern to his political life, because it is over) and cap and trade (there’s a real jobs builder). Maybe they should start with budget reform.
Who can forget President Obama’s speech after Brown won Ted Kennedy’s Senate seat from Massachusetts…..Jobs, Jobs, Jobs… That’s what he said. Sorry, it doesn’t feel that way. Secondly, that lack of jobs is disclosing the true vulnerability of our economy as the social programs that require a continuous feeding of tax revenue from workers go belly up. Social Security, Medicare and Medicaid have become current liabilities and not future liabilities. The future is now.
The Polls:
I read two polls in the past week that show how the media distorts the facts. Huffington Post, which is a liberal blog, posted a report that said that the public is now supporting health care reform. What they didn’t say is that this poll is done twice a week by a different polling group asking the same questions. The group that did the poll that week reported that public opinion has changed in favor of health care reform. What they didn’t say is that all other polls done by different groups asking the same questions showed the public was against this reform legislation, with the exception of two other times in the past 6 months. Interestingly, the other two times where done by the same firm that brought you this weeks numbers. I would say they don’t know how to survey.
I also read another Huffington report that said their survey shows that the majority of Americans (53%) support the health care reform or would support it if the bill were more liberal. When you look at the data, what they didn’t tell you is 82% of Americans support the bill or would support the bill if it were less liberal. Only 13% wanted the bill more liberal and 42% wanted it less liberal.
The moral of this story is that there is a survey for everyone. It also shows that the media must think that no one is reading or really evaluating the facts and just listen to their biased rhetoric.
Who Said It?
"The ignorance of one voter in a democracy impairs the security of all."
John F. Kennedy
Today's ZingerToon:
Recent ZingerKing Articles:
Articles can be found under “Recent Articles” in the purple sidebar. Older articles can be found in the archives that are stored by month. These are found at the bottom of the purple sidebar as well. Here is a list of the most recent articles.
What's In The Way of World Peace
The Implications of Health Care Legislation
Health Care Experiments and Pilots Are Parking Lots Of Political Decisions
Confessions of an Academic: Obama's Advisors.
America's Health Care, Universal Health Care
The President's State Of The Union Speech
Supreme Court Rules On Corporate Political Advertising
A Republican In A Democrat's Seat. Brown In Kennedy's Seat.
How Parenting Style Shows Up In International Politics. Non-Verbal Communications.
The Role Of Government: Provider or Enabler?
The Corruption Of Health Care Legislation
Inflation Is Coming, Inflation is Coming. Inflation And The Deficit
The Administrations Decision Process For Afghanistan
President Obama's Job Fair and Search for Jobs
President Obama's Afghanistan Strategy and Speech
Shameless Request For Support:
ZingerKing operates without advertising or government funding (obviously). The purpose is to inform and educate its readers about economic and political issues that affect our lives.
Help ZingerKing grow. Have you Zinged someone lately? Please forward a link to ZingerKing to a friend, family member or neighbor. If you enjoy reading the Zinger please subscribe (see the subscribe box at the top of the article in the purple side band). Subscribers receive the "Morning Briefing" when published with a link to the full article. Periodic alerts are sent to subscribers only with important updates and insights into critical issues. Your email address will not sold to others and will not be shared.
Write To Us:
You can comment on any article by clicking on the comment button at the bottom of each article or you can write to us at ZK@ZingerKing.com



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