Well among other things. Just great … and I mean great … video because the Congressman pushes back and makes O’Donnell look like a fool.
Lawrence O’Donnell, the limousine liberal, socially unconscious, perpetually angry substitute anchor for Chris Matthews is ostensibly interviewing Texas Congressman John Culberson on health care. The specific question refers to the woman at the Specter town hall who asks what can be done to restore the constitution which you can see here.
Somehow the conversation drifts into whether Medicare and Social Security are socialism. Culberson attempts to explain the difference between single payer universal crap care and medicare but O’Donnell, playing the part of a grade school bully, has his Irish up and Culberson finally lets him have it. Just for the record the video below was recorded and edited by us … but the H/T goes to Newsbusters. Thanks.
Not to finish the Congressman’s thoughts but … social security, as we all know, was never meant to be a retirement program. It’s socialism as far as it is a government run social program but it was meant to be a safety net. Insurance, to supplement pensions and retirement, to which each individual bought into with a weekly payment. An annuity. It was designed originally to be self sustaining. It was meant to be your money to protect your retirement against the vagaries of the market. But as you will see whenever politicians can buy a vote, they shamelessly bought them with your SS.
Medicare too, was designed to do what the President says his new system must do; provide health care for the poor, disabled and elderly. It did the first two fine, and drove the private insurance companies out of the market for the latter.
Government intervention, and opportunistic politicians, over the decades turned it into a vote getter … promising benefits it knew payroll taxes could not cover, to win votes. Combine waste and fraud in the billions annually and it is the perfect example of how the government can turn a necessary program for the poor, disabled and elderly into a vast government wasteland and in the process put this valuable safety net’s very survival in jeopardy.
Like Social Security, Medicare, which so many have come to depend on, has been run with equal abandon and disregard for the very people it was designed to help.
The cost of Medicare is a good place to begin. At its start, in 1966, Medicare cost $3 billion. The House Ways and Means Committee estimated that Medicare would cost only about $ 12 billion by 1990 (a figure that included an allowance for inflation). This was a supposedly “conservative” estimate. But in 1990 Medicare actually cost $107 billion.
And it’s unfunded future liabilities (including those just born this week) total $27 trillion dollars.
Do you actually think they would do anything less if they ran the entire schabang. Please take a moment to read this entire article that was written in 1993 at Reason Magazine. It’s educational, although I doubt O’Donnell will take the time.
Update: This is a perfect example of what happens when conservatives grow a pair and start to push back. The left left polite behind long ago. More and more we are seeing push back like this and its about time. More examples on Tuesday’s show.