Glenn Beck–The Plan And The Problem: Unfunded Medicare and Social Security Entitlement Obligations–Videos
U.S National Debt Clock
Glenn Beck-04-13-10-A
Glenn Beck-04-13-10-B
Glenn Beck-04-13-10-C
Glenn Beck-04-13-10-D
The Heritage Foundation: 2010 Budget Chart Book
http://www.heritage.org/budgetchartbook/
Paul Ryan-Obama Proposed Debt Will Literally Crash the Economy
The Roadmap Plan
“…Unfunded Liabilities. Another way of viewing the government’s disastrous budgetary situation is by looking at its fiscal position the way a private company would. To do so, analysts focus on the “unfunded liabilities” of the Federal Government’s major benefit programs. These liabilities reflect the excess of projected spending in these programs over the amount of revenue currently estimated to be available for them.
The problem is most acute in Medicare. Like Social Security, Medicare faces the daunting demographic challenge of supporting the baby boomers as they retire. But its much larger problem is that of medical costs, which are rising at roughly double the rate of growth in the economy. Today Medicare has an unfunded liability of $38 trillion over the next 75 years (see Figure 1). This means that the Federal Government would have to set aside $38 trillion today to cover future benefits for the three generations of Americans: retirees, workers, and children. This translates to a burden of about $335,350 per U.S. household. Moreover, the problem worsens rapidly: in just the next 5 years, by 2014, Medicare’s unfunded liability is projected to grow to $52 trillion – or about $458,900 per household.
When Social Security and Medicare are taken together, the total unfunded liability is
$43 trillion, or about $379,475 per household (see Figure 2). In the next
5 years, that total will grow to $57 trillion, or $500,414 per household.
Without fundamental changes, the government would have to finance these obligations with higher taxes, higher debt, or a combination of the two. Either way, the results would be crippling for the U.S. economy: they would entail shifting unprecedented amounts of economic resources away from growth-generating activities of the private sector: …”
http://www.roadmap.republicans.budget.house.gov/plan/
Background Articles and Videos
Milton Friedman – The Social Security Myth
Milton Friedman – The Great Depression Myth
Milton Friedman – The Robber Baron Myth
Milton Friedman – Socialized Medicine
Lesson 1 National Debt & Budget Deficit Explained
Inhofe Forces Vote on Fiscal Responsibility
“… U.S. Sen. Jim Inhofe (R-Okla.), National Journal magazines top-ranked Senate Conservative, today posed a choice for the U.S. Senate: support reducing the deficit by $1 trillion or support giving President Obama more money to spend on his liberal priorities.
In forcing the Senate to vote on his Honest Expenditure Limitation Program (HELP) Act of 2010 as an amendment to the Federal Aviation Administration Air Modernization and Safety Improvement Act currently moving through the Senate as H.R.1586, he provided an opportunity for Senators to vote for real spending reforms instead of an earmark ban shell game. While Inhofes amendment received bipartisan support, it ultimately failed by a vote of 41-56.
FACTS ABOUT THE HELP ACT * The proposal would freeze discretionary spending at FY08 levels for all non-security appropriations, which exclude Defense, Homeland Security, State, Veterans Administration, and national security functions of Energy. * The spending freeze at the 2008 level would be phased in over 5 years from FY11 to FY15, reducing the cap by an equal percentage each year. From FY15 to FY20, the cap would remain at the FY08 level until the legislation expires at the end of FY20. * The freeze would be enforced through sequestration. Any total non-security appropriations enacted that breach the FY08 cap would be tallied by the Office of Management and Budget and excess amounts above the cap would be rescinded through an across-the-board cut by the Administration (compelled by law). This proposal would ensure that a major portion of the federal budget is subjected to a credible and effective spending restraint. * A 67-vote Point Of Order in the Senate would be triggered by any appropriations bill that causes the total non-security discretionary cap for a Fiscal Year to be breached. It would also be triggered by a provision in any legislation, amendment, or conference report that attempted to legislatively exempt new spending from sequestration. The type of sequestration process this proposal contemplates existed in the 1990s with limited success because Congress would routinely use legislation to exempt new spending from the process. The Point Of Order would make doing so much more difficult. * Spending for overseas military operations would be exempt from the cap. * Using the Obama Administrations own numbers and assumptions, this proposal would save $634 billion more than enacting Obamas proposed spending freeze by 2020, and it would save close to $1 trillion over the same 10 years compared to doing nothing. …”
History of Tyranny
Mark Levin – Boston Tea Party
Boston Tea Party
“…The Boston Tea Party was a direct action by colonists in Boston, a town in the British colony of Massachusetts, against the British government. On December 16, 1773, after officials in Boston refused to return three shiploads of taxed tea to Britain, a group of colonists boarded the ships and destroyed the tea by throwing it into Boston Harbor. The incident remains an iconic event of American history, and reference is often made to it in other political protests.
The Tea Party was the culmination of a resistance movement throughout British America against the Tea Act, which had been passed by the British Parliament in 1773. Colonists objected to the Tea Act for a variety of reasons, especially because they believed that it violated their right to be taxed only by their own elected representatives. Protesters had successfully prevented the unloading of taxed tea in three other colonies, but in Boston, embattled Royal Governor Thomas Hutchinson refused to allow the tea to be returned to Britain. He apparently did not expect that the protestors would choose to destroy the tea destroyed tea. Colonists in turn responded to the Coercive Acts with additional acts of protest, and by convening the First Continental Congress, which petitioned the British monarch for repeal of the acts and coordinated colonial resistance to them. The crisis escalated, and the American Revolutionary War began near Boston in 1775. …”
“…Influence
The Boston Tea Party has often been referenced in other political protests. When Mohandas K. Gandhi led a mass burning of Indian registration cards in South Africa in 1908, a British newspaper compared the event to the Boston Tea Party.[64] When Gandhi met with the British viceroy in 1930 after the Indian salt protest campaign, Gandhi took some duty-free salt from his shawl and said, with a smile, that the salt was “to remind us of the famous Boston Tea Party.”[65]
American activists from a variety of political viewpoints have invoked the Tea Party as a symbol of protest. In 1973, on the 200th anniversary of the Tea Party, a mass meeting at Faneuil Hall called for the impeachment of President Richard Nixon and protested oil companies in the ongoing oil crisis. Afterwards, protesters boarded a replica ship in Boston Harbor, hanged Nixon in effigy, and dumped several empty oil drums into the harbor.[66] In 1998, two conservative US Congressmen put the federal tax code into a chest marked “tea” and dumped it into the harbor.[67]
In 2006, a libertarian political party called the “Boston Tea Party” was founded. In 2007, the Ron Paul “Tea Party” money bomb, held on the 234th anniversary of the Boston Tea Party, broke the one-day fund-raising record by raising $6.04 million in 24 hours.[68]
In early 2009, a series of citizen gatherings called “Tea Parties” began to protest recent increases in government spending, particularly in President Obama’s budget and economic stimulus package.[69][70] One of the first of these was held on April 15, 2009, on Boston Common, just a few blocks from the original Boston Tea Party.[71] …”
http://en.wikipedia.org/wiki/Boston_Tea_Party
Paul Ryan talks about progressivism on Glenn Back Radio Show – Part 1 of 2
Paul Ryan talks about progressivism on Glenn Back Radio Show – Part 2 of 2
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