"Zombie" program cuts deficit

  • commoncoll

    Posts: 1222

    Oct 08, 2011 5:38 PM GMT
    Associated Press saidThey're calling it the zombie in the budget.

    It's a long-term care plan the Obama administration has put on hold, fearing it could go bust if actually implemented. Yet while the program exists on paper, monthly premiums the government may never collect count as reducing federal deficits.

    Real or not, that's $ billion over the next 10 years.
    "It's a gimmick that produces phantom savings," said Robert Bixby, executive director of the Concord Coalition, a nonpartisan group that advocates deficit control..

    "That money should have never been counted as deficit reduction because it was supposed to be set aside to pay for benefits
    ," Bixby added. "The fact that they're not actually doing anything with the program sort of compounds the gimmick."

    Let us remember how much "savings" $80 billion from a benefits program is compared to a $14 Trillion deficit from discretionary spending.
  • Posted by a hidden member.
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    Oct 08, 2011 5:42 PM GMT
    0.06% savings.

    Well they do need money to make universal health care work when there is no money as someone said in the article, but $80 billion ain't cutting it. I think everyone sees through this.

    Since this $ billion comes from benefits spending, it shouldn't be counted as savings.

    They need to separate the SS budge from the discretionary budget. Then we will see what all these IOUs the government has taken from SS amount to.