Bernanke: Cut Social Security and Medicare to Respond to Financial Problems

In testimony before the Senate Banking Committee today, Ben Bernanke, Chairman of the Federal Reserve and nominee for a second term, called for cutbacks in entitlement spending such as Social Security and Medicare. In his best imitation of Willie Sutton, Bernanke said, “That’s were the money is.”

Interestingly enough, the Defense Department’s budget, along with the recent announcement by President Obama’s decision to send 30,000 more troops into Afghanistan was not mentioned as an equally large bank of money.

In addition to the $660 billion dollar budget

"Take the money from entitlements!"
"Take the money from entitlements!"

that the DoD and the Global War on Terror receive each year, we have fought two wars at a cost of $944 billion dollars over the past 8 years.

Bernanke is mistaken. Entitlement programs are not where the money is. The real money in America is not in helping people, but rather in killing them. We’ve had 8 months of debate over spending $800 billion over the next decade to provide health insurance to all of America. How much debate has occurred over spending more in a shorter time when we’re funding our multiple wars? We have to end these wars.

 
Russell
"Children see magic because they look for it." --Christopher Moore, Lamb: The Gospel according to Biff, Jesus' childhood pal.

4 Comments

  1. Ok. You guys aren’t supposed to be paying attention to government spending and climate change. We should all be worried about Tiger Woods’ love life and taking the “christ” out of christmas. What is wrong with you people?

    1. Clearly we’ve lost all perspective on the world. Can’t believe how messed up I must be for not caring at all who Tiger Woods is sleeping with.

      Now Christ and Christmas . . . I feel a song (and a posting) coming on.

  2. Tiger is insane. Have you seen the skanks he’s been sleeping with? Jeez, man, at least cheat on your smoking hot wife with smoking hot adultresses. What is the world coming to . . .

  3. My wife and I today (12/15/09)got Soc. Sec. letter notifying us altogether our SS income is being reduced by $231 a month for Medicare. We are renters. 
    I have diabetes, and recent quad bypass and liver desease and ton’s of bills due to “exclusions” and payment benefit limits.
    I cannot afford to live with the bills that will come ontop of current nor can I afford to die leaving wife in debt.
    We are truly screwed!!! Oust all current politicians and figuratively speaking… shoot the corporate lobbyists along with any “REPLACEMENT elected OFFICIAL” in future who deminish the lives and worth of living human soles of people. It started long ago when 1st few Congresses in USA history gave “Companies” each… Equal Human Entity status/consideration (as if it had a sole, lol.) Bet back then those had been swayed just like today with special interests groups representing heartless buisnessmen stuffing them with Wine & Cheese & $$$ to get such legislation to be where they are Today. People whine about the DOW not long ago, but back in 1981 DOW over 2100.
    At that rate of increase there would’ve been no such thing as a Stk. Mrkt. prior to year 1976. Everything is over inflated to take as many as they can to the cleaners, thus gap between rich & poor grows. Remember… “those who own ($$$) the game makes all the rules”

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