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<blockquote data-quote="Babagounj" data-source="post: 751364" data-attributes="member: 12952">Re: Obamanomics<a href="http://www.investors.com/NewsAndAnalysis/Article/539411/201007061804/Are-Overdue-Reports-Concealing-ObamaCare-Impact-On-Medicare-.aspx" target="_blank">http://www.investors.com/NewsAndAnalysis/Article/539411/201007061804/Are-Overdue-Reports-Concealing-ObamaCare-Impact-On-Medicare-.aspx</a>&nbsp; &nbsp;&nbsp; Are Overdue Reports Concealing ObamaCare Impact On Medicare? &nbsp; &nbsp; &nbsp; By <a href="http://www.investors.com/Search/SearchResults.aspx?source=filterSearch&amp;Ntt=PETER+FERRARA&amp;Nr=AND%28Author%3aPETER+FERRARA%29" target="_blank">PETER&nbsp; FERRARA</a> Posted 07/06/2010 06:04 PM ET &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; Every year, the Annual Report of the Social Security&nbsp; Board of Trustees comes out between mid-April and mid-May.&nbsp; Now it&#039;s&nbsp; July, and there&#039;s no sign of this year&#039;s report.&nbsp; What is the Obama&nbsp; administration hiding?&nbsp;The annual report includes detailed information about Social Security&nbsp; and its financing over the next 75 years, produced by the Office of the&nbsp; Actuary of the Social Security Administration.&nbsp;The Congressional Budget Office reported last week in its Long Term&nbsp; Budget Outlook that Social Security was already running a deficit this&nbsp; year.&nbsp; According to last year&#039;s Social Security Trustees Report, that&nbsp; was not supposed to happen until 2015, with the trust fund to run out&nbsp; completely by 2037.President Obama keeps telling us a fairy tale that he saved us from&nbsp; another Great Depression. But he is actually leading us into another&nbsp; Depression.&nbsp;The National Bureau of Economic Research scores the recession as&nbsp; officially starting in December 2007.&nbsp; Thirty-one months later, with&nbsp; unemployment still near 10% and the work force still declining, the NBER&nbsp; says it still cannot determine an official end to the recession.&nbsp;The longest recession since World War II previously was 16 months,&nbsp; with the average being 10 months.&nbsp; By next month, it will be twice as&nbsp; long as the previous postwar record since the latest recession started.&nbsp;&nbsp; The markets echoed by many pundits are now suggesting a renewed&nbsp; double-dip downturn may be starting, with the comprehensive Obama tax&nbsp; rate increases next year poised to pour napalm on this developing&nbsp; bonfire.&nbsp;How soon will the trust funds run out with this utter failure of&nbsp; 1930s-style Obamanomics?&nbsp;The implications for Social Security aren&#039;t what the Obama&nbsp; administration is hiding by delaying the annual trustees reports. Those&nbsp; annual reports also include information regarding Medicare over the next&nbsp; 75 years. What the administration is trying to hide are sweeping&nbsp; draconian cuts to Medicare resulting from the ObamaCare legislation,&nbsp; which the annual report will document.</blockquote>

[QUOTE="Babagounj, post: 751364, member: 12952"] [b]Re: Obamanomics[/b] [url]http://www.investors.com/NewsAndAnalysis/Article/539411/201007061804/Are-Overdue-Reports-Concealing-ObamaCare-Impact-On-Medicare-.aspx[/url] [B] Are Overdue Reports Concealing ObamaCare Impact On Medicare? [/B] By [URL="http://www.investors.com/Search/SearchResults.aspx?source=filterSearch&Ntt=PETER+FERRARA&Nr=AND%28Author%3aPETER+FERRARA%29"]PETER FERRARA[/URL] Posted 07/06/2010 06:04 PM ET Every year, the Annual Report of the Social Security Board of Trustees comes out between mid-April and mid-May. Now it's July, and there's no sign of this year's report. What is the Obama administration hiding? The annual report includes detailed information about Social Security and its financing over the next 75 years, produced by the Office of the Actuary of the Social Security Administration. The Congressional Budget Office reported last week in its Long Term Budget Outlook that Social Security was already running a deficit this year. According to last year's Social Security Trustees Report, that was not supposed to happen until 2015, with the trust fund to run out completely by 2037. President Obama keeps telling us a fairy tale that he saved us from another Great Depression. But he is actually leading us into another Depression. The National Bureau of Economic Research scores the recession as officially starting in December 2007. Thirty-one months later, with unemployment still near 10% and the work force still declining, the NBER says it still cannot determine an official end to the recession. The longest recession since World War II previously was 16 months, with the average being 10 months. By next month, it will be twice as long as the previous postwar record since the latest recession started. The markets echoed by many pundits are now suggesting a renewed double-dip downturn may be starting, with the comprehensive Obama tax rate increases next year poised to pour napalm on this developing bonfire. How soon will the trust funds run out with this utter failure of 1930s-style Obamanomics? The implications for Social Security aren't what the Obama administration is hiding by delaying the annual trustees reports. Those annual reports also include information regarding Medicare over the next 75 years. What the administration is trying to hide are sweeping draconian cuts to Medicare resulting from the ObamaCare legislation, which the annual report will document. [/QUOTE]

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