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News & Politics News & Politics

Creative Accounting 101

Posted by on Sep. 23, 2012 at 7:45 PM
  • 4 Replies

Unfortunately, (and I really hate to say this), but we have been deceived by none other than Bill Clinton himself. Either that or he blindly follows what the Democrats tell him to say, I personally think he's doing this to keep Hillary in good standing with the DNC, but regardless, the man has lied to the American people - AGAIN. There is no reason good enough to excuse this one. Bill stood before everyone and convincingly told us that we are better off now with the Affordable Care Act, (ACA), than without it and that it does not "rob" Medicare of $716 Billion Dollars, like the Republicans are saying, and in fact it extends the life of the Medicare Trust Fund, (MTF), 10 years instead of only 8 years as originally stated. Bill, you need to go back to school! Because you are sorely mistaken in your math, or you flat out lied. This is why: YOU CANNOT COUNT THE SAME MONEY TWICE. This is exactly what the Democrats have done and they have just about slipped it right past our noses.

The fact is that ACA does indeed cut $716 Billion out of Medicare over 10 years, however, it spends it elsewhere. This is how it really is: There is the new 3.8% tax on Investment Income which is deposited into the MTF to, theoretically, extend it's life. But the money is then withdrawn immediately and spent on the new Insurance Subsidy & Entitlement & Entitlement & Medicaid Expansions. It is an illusion to think that MC will last longer and proves that the CBO was correct when they said so in a 2009 memo.

  ACA raises taxes and spends the revenues. The money is transferred in nano seconds and then gone. The only way to spend Trillions of dollars on new subsidies, medicade expansion and other outlays and still make good on future Medicare commitments is to cut $716 Billion elsewhere or raise taxes. Neither of which the ACA does.

Whether it is considered 'robbery' or not, the end result is that the money is gone and no amount of clever Trust Fund accounting can extend the life of Medicare.

And this is the sad truth. We have to cancel this not so affordable ACA now, before the drop dead date or it will be too late to do anything about it. 

by on Sep. 23, 2012 at 7:45 PM
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chipperer1ca
by Member on Sep. 23, 2012 at 7:50 PM
2 moms liked this
I will admit that the penalties for not having insurance is the one issue that makes me the most angry. I am that person who had to choose between groceries and health iinsurance when. I got divorced and became a single mother of 3. Under Obama i would've been fined for being unable to afford healthcare. Tell me exactly how that helps the middle class??
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Sisteract
by Socialist Hippie on Sep. 23, 2012 at 7:55 PM

So you could not afford HC insurance and do no believe that you could afford the penalty for not having insurance? If both of these were true, how would you be able to fund a catastrophic illness? Where would that funding come from?

Every other industrialized nation on the planet has figured it out for less money and with better HEALTH outcomes.

Something is wrong in this for profit system. Too much $$$ to the middleman and not enough to HC maintenance-

Quoting chipperer1ca:

I will admit that the penalties for not having insurance is the one issue that makes me the most angry. I am that person who had to choose between groceries and health iinsurance when. I got divorced and became a single mother of 3. Under Obama i would've made been fined for being unable to afford healthcare. Tell me exactly how that helps the middle class??


Separation of church and state is for the protection of BOTH church and state.
Leading with hate and intolerance only leads to MORE hate and intolerance.
gsprofval
by Gold Member on Sep. 23, 2012 at 8:32 PM
2 moms liked this

I know exactly how you feel. People do not realize that even insurance for healthcare will rise by over $3,000 per year under obamacare.

And the penalities for not buying obamacare will keep going up every year,too. Ya, can you imagine paying a "fine" of $6,000 a year because you can't afford healthcare?

There are also payroll taxes to the tune of 3.8% whether employees have healthcare or not.  Businesses cannot withstand that.

Doctors are getting ready to quit in groves because of obamacare, so there really won't be any one to see you for medical problems. No, that's not a scare tactic, but what will happen.

It's already happening.  One ER nurse said the doctor told her that under obama care, a child whose body is 80% covered in flea bites would not be allowed to be treated in the ER under obamacare. That poor child would have to wait probably days to get into a doctor's office. And that comes from someone working in ER!

Quoting chipperer1ca:

I will admit that the penalties for not having insurance is the one issue that makes me the most angry. I am that person who had to choose between groceries and health iinsurance when. I got divorced and became a single mother of 3. Under Obama i would've made been fined for being unable to afford healthcare. Tell me exactly how that helps the middle class??


Xlandria
by Bronze Member on Sep. 23, 2012 at 8:33 PM
1 mom liked this


Quoting Sisteract:

So you could not afford HC insurance and do no believe that you could afford the penalty for not having insurance? If both of these were true, how would you be able to fund a catastrophic illness? Where would that funding come from?

Every other industrialized nation on the planet has figured it out for less money and with better HEALTH outcomes.

Something is wrong in this for profit system. Too much $$$ to the middleman and not enough to HC maintenance-

Quoting chipperer1ca:

I will admit that the penalties for not having insurance is the one issue that makes me the most angry. I am that person who had to choose between groceries and health iinsurance when. I got divorced and became a single mother of 3. Under Obama i would've made been fined for being unable to afford healthcare. Tell me exactly how that helps the middle class??


If I'm not mistaken, that is her point exactly. And how is that helping our unemployment problem when the cost of insurance makes it impossible to expand and be able to employ more people? I think that if it were affordable enough that people could have it, they would, especially where children are concerned. And the penalty for not getting it is crazy. It is a way of controlling people thru their wallet in order to achieve your goal. I believe another word for that is Blackmail and is just another governmental control tool. As for other countries, it would be very interesting how they stack up against us in certain medical areas. I've already seen the statistics on cancer between the U.S, Canada & the U.K. The survival rate is better here mainly because there is a shorter wait time to see a specialist and the fact that we have more equipment, such as MRI machines at out disposal to use. As you know, the quicker something is diagnosed, the better the chances of living longer. Awhile back I saw where the UK is considering putting their current government health care to a vote to see if they should do something else.

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