09 Jul 2010 What is the Obama Administration Hiding?
I know, you’re thinking, “topic, please,” because the Administration is hiding things in so many areas.
It’s Medicare and Social Security, and specifically, why the Administration has yet to release the annual report on the health of Social Security and Medicare, which should have been released in April or May.
In a report for Investor’s Business Daily, Peter Ferrara notes some very bad news for Social Security:
The Congressional Budget Office reported last week in its Long Term Budget Outlook that Social Security was already running a deficit this year. According to last year’s Social Security Trustees Report, that was not supposed to happen until 2015, with the trust fund to run out completely by 2037.
But, he says, it’s most likely much worse news the Administration is hiding: the impact of ObamaCare on Medicare.
What the administration is trying to hide are sweeping draconian cuts to Medicare resulting from the ObamaCare legislation, which the annual report will document.The administration is trying to delay the report until mid-August, when it’s hoping the country will be on vacation and won’t notice. Or maybe the delay is because the White House is trying to bludgeon the chief actuaries for Medicare and Social Security into fudging the numbers.
Those chief actuaries are dedicated, career professionals who have worked their way up the bureaucracy over decades.
During the Reagan administration, the congressional Democrat majorities and the New York Times made clear to us that tampering with the work of the government’s career professionals, let alone the career number crunchers, would be grounds for impeachment.
I’m not certain the rule of law applies to this administration, where the Justice Department cites “payback time” as its reason for not prosecuting Black Panther Voting Rights Act violations.
For more about what all this means to Medicare and the fiscal future of the United States, go here.