Obama begging to be impeached

The conservatives are trying to convince us that we're going broke so that they may tear apart Social Security and Medicare, but our debt ratio to GDP will get no worse by the end of this decade. Despite what the conservatives tell us, we most definitely have a revenue problem!

http://www.usgovernmentspending.com/federal_debt_chart.html

John Boehner says that the impeachment talk is a scam by the Democrats, even those his majority "whip", Steve Scalise, won't take it off the table:

http://finance.yahoo.com/news/boehner-talk-obama-impeachment-democratic-145009265.html

So who is scamming whom ?

red_hill wrote:

The unfunded pension liabilities are the far larger problem

Not necessarily correct....

The latest annual report from the trustees for Social Security and Medicare came out today. It provided some very good news on the health care front: the report extended Medicare’s solvency by four years from 2026 to 2030. This improved financial health can be attributed in part to the Affordable Care Act, which is helping to reduce costs. Just a few years ago, before the Affordable Care Act was fully implemented, the trustees predicted that the Medicare trust fund would run out by 2016. Another reason to be thankful for the ACA.

On the Social Security front, some news reports are focusing on the financial shortfall that the program faces in the next 75 years. But it is both expected and manageable. Here are the four key takeaways, from a post by Center for American Progress experts Rebecca Vallas and Christian E. Weller:

1. Social Security can continue to pay all promised benefits for the next two decades. As was the case in last year’s report, the Trustees continue to estimate that Social Security will be able to pay all scheduled retirement, disability, and survivorship benefits through 2033. Social Security has two trust funds: one for the retirement and survivorship benefit programs, and one for the much smaller Disability Insurance (DI) program (although experts generally consider the two funds together due to the interrelated nature of Social Security’s programs). Individually, the Old Age and Survivors Insurance (OASI) trust fund is projected to deplete its reserves in 2035, and the DI trust fund will do so in 2016. After 2033, the Trustees project that Social Security income from payroll taxes will be sufficient to cover 77 percent of promised benefits after 2033, unless policymakers implement changes before then.

2. Social Security’s shortfall is modest. The Trustees project that the entire Social Security shortfall for the next 75 years will be about 1 percent of GDP, or 2.88 percent of taxable payroll. The bulk of this shortfall, 2.55 percent of payroll or 88.5 percent of the entire shortfall, is attributed to OASI. The Trustees have long projected both the OASI and DI shortfalls. While an aging population is frequently discussed as the driving factor, recent analysis by Monique Morrissey at the Economic Policy Institute finds that as much as half of the shortfall is attributable to rising inequality and wage growth that has lagged behind gains in productivity.

3. The fact that action will soon be needed to address Disability Insurance’s finances has long been expected. As with last year’s report, this year the Trustees continue to project that the DI trust fund will be exhausted in 2016—something that has been expected for nearly 20 years.

4. A routine step would ensure that Social Security can pay all benefits in full through 2033. Rebalancing—an adjustment in the share of payroll taxes allocated to each of the trust funds—has occurred in a bipartisan manner 11 times in the program’s history to account for demographic shifts or other changes. About half the time funds have been reallocated toward OASI, and about half the time toward DI.

BOTTOM LINE: The trustees for Social Security and Medicare brought the good news that Medicare’s financial health is better than expected. And the predictions it makes for Social Security are both expected and manageable–permitting our elected officials can take action to strengthen this program that is a bedrock of economic security for working Americans.
http://thinkprogress.org/progress-report/the-state-of-social-security-and-medicare/?elq=~~eloqua..type--emailfield..syntax--recipientid~~&elqCampaignId=~~eloqua..type--campaign..campaignid--0..fieldname--id~~

News Buzzard wrote:John Boehner says that the impeachment talk is a scam by the Democrats, even those his majority "whip", Steve Scalise, won't take it off the table:

http://finance.yahoo.com/news/boehner-talk-obama-impeachment-democratic-145009265.html

So who is scamming whom ?

You are the one being scammed.

Republicans keep saying impeachment is not on the table, yet Democrats keep claiming that's just what the GOP is doing...and fundraising off their claims.

Are Democrats around the country really this uninformed and gullible? Can’t House Democrats come up with a fundraising pitch based more on hope than fear? This administration is using the false threat of impeachment as a fear mongering method. Obama and his cohorts are simply trying to rile up their base. Obama and the Dems scream…”give us your money… the Republicans are going impeach Obama and take away your Social Security and healthcare.”

Yet somehow his base won't see how they are being manipulated again.

DCCC sent nine fundraising emails about impeachment since Friday. Anyone thinking the Republicans are serious about impeaching Obama is seriously misinformed about how they feel about Joe Biden.

I'm opposed to impeachment. Narcissists always try to escape before the stuff hits the fan and Obama needs to face the real consequences of his actions.

Really???? That's funny because that guy talking about Obama being perilously close to impeachment, back in August, 2013, looked an awful like Senator Tom Coburn!!!

http://news.msn.com/us/sen-coburn-obama-could-qualify-for-impeachment

Great post, News Pigeon! Thank you!!!

There is nothing funny about it. The sad truth is Obama deserves to be impeached, but the hearings alone would all but guarantee the Democrats keep the Senate. The Republicans know this so they will not act on it. The Democrats know this that is why they are pushing for it.

It is pathetic and embarrassing we have the POTUS daring Congress to impeach him.

Outerlimits wrote:The sad truth is Obama deserves to be impeached,

The real sad truth is you apparently don't know the definition of high crimes and misdemeanors! You just toss around this fancy hogwash but you really don't have bulldinky on Obama. Nice try!!!!  

Outerlimits wrote:"...It is pathetic and embarrassing we have the POTUS daring Congress to impeach him..."  

Obama's in perfect alignment with Narcissism.

  





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I heard again last night this impeachment is wanted by the White House. They think it will help the Dems. so they are pushing it.

Republicans will say just about anything! There is no end to the Right Wing Book Of Mythology!!!   

http://www.politicususa.com/2014/07/29/republicans-deny-gunning-impeachment-roundup-impeachment-talk-speaks.html

WHL wrote:I heard again last night this impeachment is wanted by the White House.  They think it will help the Dems. so they are pushing it.

Nice try...seems some of your parties 'young guns" shot off their ignorant mouths and now it's up to John (hiccup) Boehner to walk it back!
I say bring it on losers!!!!!!!!

News Buzzard wrote:"...So who is scamming whom...?"

'Not sure, but it could be Obama...