One problem with the unearned income Medicare contribution tax is the name Congress chose for it, which is a triple misnomer. The income that will be subject to the tax isn’t unearned -- it is earned by savers who receive market rewards for delaying consumption and providing funds to finance business investment.Read more
Many states are wisely signaling that they aren’t interested in doing the Obama administration’s bidding on Obamacare. As a result, many if not most of Obamacare’s insurance exchanges — the heart of the beast — will have to be set up and run by the Obama administration at the federal level.Read more
First off, it’s not a “fiscal cliff.” What we’re slated to hit as of New Year’s Day, as the Wall Street Journal notes, is a tax cliff. Our fiscal cliff, which drops off into a far deeper canyon, is what looms because of our $16,000,000,000,000 debt and the runaway entitlement spending that fuels it — Medicare, Medicaid, (and now) Obamacare. In truth, the debt deal passed in the summer of 2011 — which the press now says we must scrap if we are to avoid the “fiscal cliff” — was designed to postpone our going over the (actual) fiscal cliff.Read more
Politico writes that Nancy Pelosi’s “drive to regain the [House] majority for Democrats is on the verge of a complete collapse.” It adds, “Democrats are expected to pick up five seats at best — a fraction of the 25 they need. On the eve of the election, some party officials are privately worried that Democrats might even lose ground and drop one or two seats to the Republican majority.” Why? In large part because Obamacare continues to haunt the Democrats, while the Democrats’ Mediscare campaign has fallen flat.Read more
Several months ago, President Obama’s Health and Human Services (HHS) secretary, Kathleen Sebelius, initiated the Senior Swindle, an $8.35 billion ploy (far more than either presidential campaign will raise this year) to hide the effects of Obamacare’s Medicare Advantage cuts from seniors until after the election.Read more
In 2008, Barack Obama promised to cut federal spending, cut wasteful programs, reform Medicare and Social Security, and create "5 million new jobs" in a "new energy economy." At Buzzfeed, Andrew Kaczynski has four videos of Obama making those promises at the town hall debate in 2008. Here, for instance, is Obama talking about the need to reform entitlements in his first term:Read more
During last Wednesday’s presidential debate, President Obama claimed that the private sector just can’t match the leanness and efficiency of the federal government. He was speaking specifically about privately covered health care versus government-run health care.Read more
After staring in some amazement at PolitiFact’s ostensibly unbiased rulings on the truthfulness of various statements made during Wednesday night’s presidential debate, I finally realized what the problem is: PolitiFact’s self-described Truth-O-Meter is clearly broken. Thankfully, however, it’s broken in a way that’s both predictable and fixable. You see, if you simply turn the Truth-O-Meter two notches to the right for any claim made by a Republican, and two notches to the left for any claim made by a Democrat, its reading actually becomes surprisingly accurate.Read more
“Can we stay on Medicare?” Mitt Romney asked debate moderator Jim Lehrer after several minutes of back and forth on the issue between himself and President Barack Obama. It was a characteristic moment in Romney’s strong performance in Denver, when the former governor of Massachusetts sensed an advantage on a topic and kept pushing. It was also an indication of how these days, Republicans talking about Medicare are playing on their home turf.Read more
Addressing the audience at an AARP convention today, Paul Ryan declared, "The first step to a stronger Medicare is to repeal Obamacare." He explained to those in attendance how Obamacare would turn "Medicare into a piggy bank," while also putting "15 unelected bureaucrats in charge of Medicare’s future." Ryan added, "The president doesn’t talk much about what Obamacare will really mean for seniors." Why? "People don’t like it."Read more
At the official kickoff of his reelection campaign, President Obama offered a tacit (although unintended) admission of four years of failure, declaring, "We have to move forward, to the future we imagined in 2008. ... That’s why I’m running for a second term as president of the United States." This peculiar yet revealing emphasis on the future, the past, and the imaginary neglects only two things: the present and reality. Lacking laudable achievements to tout in the present, Obama wants voters to focus on the future they imagined in the past.Read more
Perhaps if we all ignore PolitiFact, they'll go away. But for the time being, the supposedly independent organization continues to crank out skewed and partisan work. There's no better example of this than the the current jihad the "fact checking" organization is waging against the Romney-Ryan health care plan.Read more
The end of Medicare and Medicaid as we know them—through reform, the Ryan way, or -bankruptcy, the Obama way. The direction of the country—via the Romney-Ryan right track, or the Obama-Biden wrong track. Those are the choices, made stark by the addition of Paul Ryan to the Republican ticket.Read more
The oddly convenient academic study has long been a weapon in the Democratic party’s arsenal of election-season demagoguery. Do you need to say that conservative policies would sink the republic? Here’s a paper by scholars from a respected university, published in a respected journal, and released just as your campaign was turning to the issue in question, which happens to say just what you had in mind. It might all fall apart on closer inspection, but in the heat of a campaign it’s a perfect fit.Read more
The Villages, Fla.
“This is my mom Betty,” vice presidential candidate Paul Ryan said as he took the stage at a campaign rally with his 78-year-old mother in Florida’s largest retirement community. “She's why I'm here,” Ryan continued. “She and her grandkids are why I'm here.”
“Old age puts more wrinkles in our minds than on our faces; and we never, or rarely see a soul that in growing old does not come to smell sour and musty. Man grows and dwindles in his entirety.”—Montaigne
Before the sun had set on Mitt Romney’s choice of Paul Ryan, the Obama campaign was out with ads talking of the “End Medicare as we know it.”Read more
Steve Hayes, with Juan Williams and Charles Krauthammer, last night on Fox News:Read more
President Obama is creative. He’s given up on a palpable falsehood about the Romney-Ryan plan to reform Medicare. But he’s retained a few old canards and trotted out a new one.
The new charge? In his speech in Dubuque, Iowa, on Wednesday, he said: “My plan reduces the cost of Medicare by cracking down on fraud and waste and subsidies to insurance companies.”Read more
Republican vice presidential candidate Paul Ryan stopped by the Original Hot Dog Shoppe here this afternoon to chat with voters and grab some lunch. The Wisconsin congressman and fitness nut chowed down on two hot dogs with onion, extra kraut and mustard, a side of small chili-cheese fries, and an unsweetened iced tea. The total bill came to $8.78, including a chili-cheese dog Ryan purchased for a reporter celebrating his twenty-seventh birthday.
During a campaign event Wednesday night at Miami University of Ohio, vice presidential candidate and Miami U. alumnus Paul Ryan reminisced about the fond memories of his alma mater. "I spent a lot of formative years here," Ryan said. "I like my Skyline 5-way [chili], turkey gobblers, cheese fries, stickers.” He mentioned the time he got hurt at the local ice rink. “That’s why I have a cleft chin—14 stiches playing hockey here."
The conventional wisdom on the state of the 2012 presidential race is that, thanks to his endorsement of the House GOP Budget and his selection of Paul Ryan to be his running mate, Mitt Romney has opened himself up to one of the Democrats' favorite attacks -- fear-mongering over Medicare, or "Mediscare."
This consensus is wrong; instead, the Democrats are much more vulnerable on this issue in 2012.Read more
Mitt Romney's latest campaign advertisement knocks President Obama for "[cutting] Medicare to pay for Obamacare." The Romney campaign appears to be addressing the Medicare criticisms that come with adding Paul Ryan to the ticket head-on. It's a strategy that's worked for Republicans before, specifically in Nevada's Second Congressional District special election last year.Read more
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