Aug 23, 2008

Response To I.O.U.S.A.

I had posted about the new documentary movie, I.O.U.S.A.. Here is an early response to the movie:
For years, Americans have been told revenue-slashing tax cuts are the answer to our financial woes and a borrow-and-spend economy is not a problem. Now, when faced with the ensuing budget deficits and an economic meltdown we’re being told we can’t afford Social Security and Medicare. This is not “speaking the truth” as David Walker has claimed. Instead, we are seeing the same old anti-Social Security and anti-Medicare ideology now masquerading as fiscal responsibility. We must talk about tax reform, spending and responsible healthcare reform if we’re serious about controlling our fiscal future. Unfortunately, that balance is still missing in this debate."

Barbara B. Kennelly, President/CEO, National Committee to Preserve Social Security and Medicare

1 comment:

Anonymous said...

"The fuzzy math of “Unfunded Liabilities”. David Walker and the Peterson Foundation use worst-case assumptions about Medicare and Social Security, add the national debt, assume no changes in either program or tax revenues and then extend these costs into the indefinite future rather than the customary 75-year horizon."

Lets see how this plays compared to Al Gore's Global Warming predictions of how things are going to be 100 years from now. Media and Congress ran with Al's BS and next week's weather can't be predicted correctly half the time