The Price Of Social Justice

The turkey is stored in the fridge ready to be my lunch for at least a week, and everything we have to be thankful about has been reset for another year. So it's time to turn my attention back toward the ever problematic federal government. Every time we elect progressive liberals into office they plant a ticking time bomb waiting to implode and be a destructive force on our federal budget and the economy. Let's take a quick look at the gifts they've left.

The first beauty is the Social Security Act, you'll recognize it as the deduction from your paycheck FICA. This gem of destruction was passed in 1935 by FDR. The FICA stands for Federal Insurance Contribution Act, they thought you wouldn't object as much if you thought you were contributing, instead of being taxed. Ergo, you'd not be as likely to cut the program if your paying into it. Here's the scoop, your not! The funds are being intermingled with other taxes used to snow job the public into thinking the politicians didn't raise their taxes. Or, they used the overflow that was supposed to be saved and spent it. So it's a tax that cons you into thinking you've vested money into the program, when in fact it was just additional tax revenue and there isn't a fund sitting there with your money in it. Just a box of IOU's, because Congress has already spent the money.

In 1965 we were blessed with yet another progressive bombshell Medicaid. This brainchild was the work of the Lyndon Baines Johnson, (yet another progressive) administration. It was an afterthought to the Medicare legislation, the other half of this two for one financial disaster. Cost estimates at the time of the debate of the Medicare legislation was 1.1 billion dollars over the first two years, and several billion dollars spread over the next decade. Long term projections had it at a 12 billion dollar outlay by 1990 inflation rates considered. The actual initial cost was 2.8 billion dollars, and the several billion over the next decade added up to 13.2 billion dollars. The actual cost of this entitlement in 1990 wasn't 12 billion dollars as projected but, wait for it....98 billion dollars.

Now we've done it again and voted in another progressive looking for social change.Progressive President Obama has gifted us his health care bill. The costs and estimates are already proving to be a fallacy invented in some spin makers head. If the Medicare program missed the mark of a 6.5 billion dollar cost projection by the actual amount of 457 billion dollars per year, how badly is this health care bill off the mark? Anybody care to wager it'll blow the other three progressive social benefits out of the water? The smart money says it will. The seeds are planted to ruin our economy. Will we ever learn?

God Bless!
Capt. Bill