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	<title>Geek PalaverGeek Palaver &#187; war</title>
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		<title>Bernanke: Cut Social Security and Medicare to Respond to Financial Problems</title>
		<link>http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/</link>
		<comments>http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 21:47:19 +0000</pubDate>
		<dc:creator>Russell</dc:creator>
				<category><![CDATA[polity]]></category>
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		<guid isPermaLink="false">http://www.geekpalaver.com/?p=132</guid>
		<description><![CDATA[<p>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, &#8220;That&#8217;s were the money is.&#8221; Interestingly enough, the Defense Department&#8217;s budget, along with [...]</p><p>The post <a href="http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/">Bernanke: Cut Social Security and Medicare to Respond to Financial Problems</a> appeared first on <a href="http://www.geekpalaver.com">Geek Palaver</a>.</p>]]></description>
				<content:encoded><![CDATA[<!-- Start Shareaholic LikeButtonSetTop Automatic --><div style="clear: both; min-height: 1px; height: 3px; width: 100%;"></div><div class='shareaholic-like-buttonset' style='float:none;height:30px;'><a class='shareaholic-fblike' data-shr_layout='button_count' data-shr_showfaces='false' data-shr_href='http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/' data-shr_title='Bernanke%3A+Cut+Social+Security+and+Medicare+to+Respond+to+Financial+Problems'></a><a class='shareaholic-fbsend' data-shr_href='http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/'></a><a class='shareaholic-googleplusone' data-shr_size='medium' data-shr_count='true' data-shr_href='http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/' data-shr_title='Bernanke%3A+Cut+Social+Security+and+Medicare+to+Respond+to+Financial+Problems'></a><a class='shareaholic-tweetbutton' data-shr_count='horizontal' data-shr_href='http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/' data-shr_title='Bernanke%3A+Cut+Social+Security+and+Medicare+to+Respond+to+Financial+Problems'></a></div><div style="clear: both; min-height: 1px; height: 3px; width: 100%;"></div><!-- End Shareaholic LikeButtonSetTop Automatic --><div class="shr-publisher-132"></div><p>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, &#8220;That&#8217;s were the money is.&#8221;</p>
<p>Interestingly enough, the Defense Department&#8217;s budget, along with the recent announcement by President Obama&#8217;s decision to send 30,000 more troops into Afghanistan was not mentioned as an equally large bank of money.</p>
<p>In addition to the <a title="2009 Federal Budget" href="http://www.gpoaccess.gov/usbudget/fy09/pdf/budget/tables.pdf" target="_blank">$660 billion dollar budget</a></p>
<div id="attachment_133" class="wp-caption alignleft" style="width: 160px"><img class="size-thumbnail wp-image-133" title="BernankeCongress" src="http://i2.wp.com/www.geekpalaver.com/wp-content/uploads/2009/12/BernankeCongress.jpg?resize=150%2C150" alt="&quot;Take the money from entitlements!&quot;" data-recalc-dims="1" /><p class="wp-caption-text">&quot;Take the money from entitlements!&quot;</p></div>
<p>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<a title="CRS Report Cost of Iraq, Afghanistan, and other GWOT since 9/11" href="www.fas.org/sgp/crs/natsec/RL33110.pdf" target="_blank"> 8 years</a>.<cite> </cite></p>
<p>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&#8217;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&#8217;re funding our multiple wars? We have to end these wars.</p>
<div class="shr-publisher-132"></div><!-- Start Shareaholic LikeButtonSetBottom Automatic --><div style="clear: both; min-height: 1px; height: 3px; width: 100%;"></div><div class='shareaholic-like-buttonset' style='float:none;height:30px;'><a class='shareaholic-fblike' data-shr_layout='button_count' data-shr_showfaces='false' data-shr_href='http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/' data-shr_title='Bernanke%3A+Cut+Social+Security+and+Medicare+to+Respond+to+Financial+Problems'></a><a class='shareaholic-fbsend' data-shr_href='http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/'></a><a class='shareaholic-tweetbutton' data-shr_count='horizontal' data-shr_href='http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/' data-shr_title='Bernanke%3A+Cut+Social+Security+and+Medicare+to+Respond+to+Financial+Problems'></a><a class='shareaholic-googleplusone' data-shr_size='medium' data-shr_count='true' data-shr_href='http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/' data-shr_title='Bernanke%3A+Cut+Social+Security+and+Medicare+to+Respond+to+Financial+Problems'></a></div><div style="clear: both; min-height: 1px; height: 3px; width: 100%;"></div><!-- End Shareaholic LikeButtonSetBottom Automatic --><!-- Start Shareaholic Recommendations Automatic --><!-- End Shareaholic Recommendations Automatic --><p>The post <a href="http://www.geekpalaver.com/2009/12/03/bernanke-cut-social-security-and-medicare-to-respond-to-financial-problems/">Bernanke: Cut Social Security and Medicare to Respond to Financial Problems</a> appeared first on <a href="http://www.geekpalaver.com">Geek Palaver</a>.</p>]]></content:encoded>
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