Wednesday, January 7, 2009

Pres-Elect Appoints Spending “Watchdog”

Written By D.

News flash from Tax-A-Lot … reform of government spending coming to an entitlement program near you. Social Security and Medicare are on the table for spending “reform.” Remember when Republicans tried to reform those programs and Democrats told Senior Citizens that the “Mean-Spirited GOP” wanted to take away their Social Security? My, how times have changed.

Not surprising that “few details” of the reforms were provided, don’t want to anger the Senior Citizens and Baby Boomers who are about to retire before you find a way to blame the GOP for the “reform.”

According to AP; http://news.yahoo.com/s/ap/20090107/ap_on_go_pr_wh/obama_15

“President-elect Barack Obama said Wednesday that reforming massive
government entitlement programs — such as Social Security and Medicare — would
be "a central part" of his effort to control federal spending.

Obama made the pledge but provided few details as he named Nancy
Killefer as his administration's chief performance officer, creating a new White
House position aimed at eliminating government waste and improving
efficiency.”


With all the bailouts and wild deficit spending that is going on, plus the new spending that is being proposed, excuse me if I doubt the sincerity of this new found fiscal responsibility.

At least the “news light’ folks of the msm can spend endless hours speculating on what breed of dog this watchdog should be … my guess is it will turn out to be a toothless Chihuahua.

Who is going to break the bad news to all those House and Senate Democrats who have built their long careers on entitlement programs and pork spending? Of course they may not notice since, at the moment, they are in a spending feeding frenzy.

In case you didn’t know how broke these programs are;

“projected expenditures for Medicare and Social Security programs exceed tax
revenues by over $40 trillion over the next 75 years. “
Source; http://en.wikipedia.org/wiki/United_States_public_debt

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