america's astroid

Below is a great article that really helps one visual the crisis of Medicare and Social Security. Hopefully it'll inspire you not to vote for the presidential candidate proposing government funded, universal health care. Our country would not be in this situation if more people would have fought FDR's expansion of government and spending. We need to let our voices be heard and support honest candidates who let the constitution guide them and are not led by potential constituant votes or the political breezes. I keep praying for such canidates nightly.

I do not want to be an apathetic American voter. There was a reason our Founding Fathers granted the vote only to land owners; land owners had a vested interest in the politcal and economic status of the country and were more likely to be educated and to look into the issues before voting. Of course expanding the vote to include other groups, such as blacks and women, was needed, but why do institutionalized people have the vote? Should there be some bar that we have to measure up to to have such an honor and power aside from being 18, and a breathing legal citizen not in prison? I know I am speaking democratic heresy, but it frustrates me when I find out someone's political views and voting records are based on the evening news' sound bites. It frustrates me when politicians try to make it easier for people to vote, such as mail in ballots and not requiring a legal picture ID. This only opens the door wider for fraud. If someone truly cares about the issues they won't mind being inconvienced to excercise their polical voice in voting. It agrivates me when I hear pundits declaring the need for getting more people out to vote as if getting more people coming out for a vote makes the country better. Well it would be if the people were informed and voting on the premise of "what is good for the country?" and not "what's in it for me?" I'll get off my heretical high horse now so you can move onto to a better read by Glenn.

By Glenn BeckCNN

Glenn Beck: The economic asteroid will first hit America when the Medicare trust fund becomes insolvent in 2019.

NEW YORK (CNN) -- Let's say a giant asteroid was headed toward Earth right now and experts say it has a good chance of ending civilization as we know it. Let's also say that we've known about this asteroid for years but even as it gets closer and closer our leaders do nothing.
"Don't worry," they tell us, "The next administration will figure something out."
With the future of our country at stake, would Americans really sit back and tolerate that kind of inaction? Of course not -- we'd be sharpening our pitchforks and demanding answers.
Well there may not be a space asteroid heading toward us, but there is an economic one -- and the threat to our future is just as severe.

You might think that I'm talking about the recession (sorry: potential recession) or credit crisis, but I'm thinking bigger. Much, much bigger.
Let me give you three numbers that will put this economic asteroid into perspective: $200 billion, $14.1 trillion, and $53 trillion.

$200 billion is the approximate total amount of write-downs announced so far as a result of the current credit crisis.

$14.1 trillion is the size of the entire U.S. economy

And $53 trillion is (drum roll please) the approximate size of this country's bill for the Social Security and Medicare promises we've made.

While no one will ever mistake me for Alan Greenspan, it seems to me that the third number is quite a bit larger than the other two. It also seems very few people care.
According to the latest Social Security and Medicare Trustees report (and I use that term loosely since it has the word "trust" in it) released earlier this week, the economic asteroid will first make impact in the year 2019 when the Medicaid trust fund becomes insolvent.
Only an immediate 122 percent increase in Medicare taxes and a 26 percent increase in Social Security taxes can prevent (or more likely, delay) its impact.


Realizing that Americans have become pretty much numb to these kinds of ridiculous sounding proposals, U.S. Treasury Secretary Henry Paulson tried to up the ante this week. "Without change," he said, "Rising costs will drive government spending to unprecedented levels, consume nearly all projected federal revenues, and threaten America's future prosperity."
Now, I know we're all worried about important sounding things that none of us understand, like CDO's, SIV's, and Credit Default Swaps, but did you hear what our Treasury Secretary just said?
"Rising costs will ... consume nearly all projected federal revenues ..."

Translation: Every single tax dollar that is sent to Washington will be used to pay for just these two programs.

That means no money is left for anything else. Nothing. No Department of Defense or Homeland Security, no Department of Energy, no Department of Justice, no Environmental Protection Agency, no Internal Revenue Service. Actually, knowing our government, they'd probably keep the IRS going somehow.

Of course, none of this is exactly breaking news. Our leaders have known about this rapidly approaching asteroid for years now and they've done nothing but debate it. At the same time, I'm a realist. I understand that this stuff is "the third rail of politics," but our leaders' negligence on this issue is damn near criminal. No, correction, it is criminal.

Americans aren't afraid of the truth. In fact, we crave the truth only slightly more than we crave a leader who will actually give it to us. But part of the problem with this issue is that numbers followed by 12 zeroes aren't very relatable to the average American. Instead, try this on for size.

A million seconds is 12 days. A billion seconds is 32 years. A trillion seconds is 32,000 years. And 53 trillion seconds? 1.7 million years.

In an article that will appear in an upcoming issue of my magazine, Fusion, former Comptroller General of the United States David Walker tries a different tactic. He writes that our unfunded promises translate into "an IOU of around $455,000 per American household."

Wow. Does the size of our debt hit home now?

The America that I know doesn't sit around waiting for someone to rescue it from disaster. Besides, who do we expect to swoop in and save the day? Congress? The president? Please -- they're not only the ones who put the asteroid into space, they've also been making it bigger with irresponsible spending on everything from prescription drugs to billions in rebate checks and bailouts.

Bruce Willis and Tommy Lee Jones? They're more likely to be on Social Security than to save it.
And that leaves only us: We the People. Like every other crisis we face, it's up to us to save ourselves.

But how? Be honest, no matter what side of the political aisle you're on, it's obvious that our financial deficit is dwarfed only by the deficit of trust we have in our leaders.

I'm willing to do the right thing for our future, I'm willing to sacrifice, but not when I believe that our leaders will do nothing but make the asteroid even larger.