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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (80281)	6/14/2010 11:20:47 AM
From: Sully-	Respond to of 90947

Social Security cash flow suddenly negative By: Michael Barone Senior Political Analyst 06/12/10 6:54 PM EDT Here’s something I didn’t know, from financial blogger Bruce Krasting (via John Ellis): Social Security tax receipts for the first half of 2010: $346.9 billion; Social Security benefits payments for the same period: $347.3 billion. Before this year, projections have always been that Social Security wouldn’t cross that line into negative cash flow for five years or so. Now it’s a reality. Congress has been spending Social Security’s positive cash flow for years. Now there’s no positive cash flow to spend. To see how the negative trend has accelerated, consider the same figures for the first half of 2009: Social Security tax receipts were $366.0 billion and Social Security benefits payments were $334.3 billion. A positive cash flow of $31.7 billion has disappeared in the course of just 12 months. Scary. Read more at the Washington Examiner: washingtonexaminer.com

To: Sully- who wrote (80281)	6/14/2010 11:38:36 AM
From: Sully-	Respond to of 90947

NYT: Obamacare 'to fall short of sweeping commitments' you get to keep your insurance By: Mark Hemingway Commentary Staff Writer 06/14/10 11:24 AM EDT Even the New York Times is joining the reality-based community when it comes to assessing the impact of Obamacare: <<< In some respects, the rules appear to fall short of the sweeping commitments President Obama made while trying to reassure the public in the fight over health legislation. In issuing the rules, the administration said this was just one goal of the legislation, allowing people to “keep their current coverage if they like it.” It acknowledged that some people, especially those who work at smaller businesses, might face significant changes in the terms of their coverage, and it said they should be able to “reap the benefits of additional consumer protections.” >>> Read more at the Washington Examiner: washingtonexaminer.com