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August 6, 2010
Medicare Trustees: 'Trust us. Medicare is healthy'
I like optimists. Their sunny dispositions and can-do attitude work like a tonic on old curmudgeons like me who always seem to find that the glass is half empty. Ordinarily, we want optimists in government. Not only does it make the behemoth more pleasant to deal with but optimistic people also tend to be more competent than sourpusses.That said, there is a huge difference between optimism and bat guano crazy, pie in the sky fantasy. Case in point - the Medicare and Social Security Trustees who issued a report on the fiscal health of those funds that was so fantastically optimistic, one wonders if they made their observations from the vantage point of an alternate universe.An eye-opening editorial from Investors Business Daily: ObamaCare extends Medicare's trust fund by 12 years to 2029, administration officials said Thursday in the annual report on Social Security and Medicare, ignoring that the extra savings and taxes are already earmarked for the new health law's major expansion of...(Read Full Post)