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Text of the page (random words):
er aid 0 00 for food stamps and 0 00 for everything else government spends money on for over 8 years out of every 10 funding isn t exactly addressed outside a supplemental handout but even there the math comes up well short the most optimistic estimate of 16 trillion increase over 10 years from all the proposed tax increases covers only half of the cost klein also briefly notes that medicare as currently structured has a huge funding problem it s actually worse than what he notes medicare part a which deals with hospital and hospice expenses is spending more than it takes in and is expected to burn through what remains of its trust fund in less than 8 years while the other parts of medicare don t have the trust fund portion of this problem it is not because the costs aren t exploding they are it is because they have what is known in the bankruptcy world as a senior secured claim on general federal revenue that means that before the first dollar goes out the coffers on say defense or disaster aid the last dollar for medicare parts b outpatient c medicare advantage and d drugs gets spent regardless of whether there is enough money from all revenues or not the only reason medicare hasn t already hit its financial crisis point is because it is underpaying medical providers guess who is picking up the difference between what medicare pays and what medical care costs the rest of us now take that ability to soak up the losses from other users away from the medical industry guess what happens some combination of a reduction in the quality of service and the quantity of service add in the notion that not only a lot more people will be in the system but that said system will be covering items it hadn t before as klein observes that s how you get to a cost of at least 32 trillion in a decade as for medicare s popularity it is a result of two things neither of which are the actual results provided by medicare the fiction that one pays for their last decade or so of health care over 4 decades or so of work which makes it popular across age groups the reality that the young and middle aged pay for much of the health care for the elderly which makes it popular among the elderly putting everybody on medicare blows up both the fiction and the reality behind medicare s popularity no longer will the defenders of medicare be able to claim that it is an investment in one s future health while there will still probably be some subsidizing of health care for the elderly it won t be nearly as generous as p j o rourke said if you think health care is expensive now wait until you see what it costs when it s free now go read the rest of klein s piece if you haven t already comments off on why medicare for all will and must fail link tb march 7 2017 the not quite final betrayal placebocare edition by steveegg 8 23 filed under placebocare politics national so the republican plan to repeal and replace placebocare 2 0 is out those of us who dreaded what would result once the words and replace were appended to the 7 year old slogan were right allow me to quote philip klein barring radical changes republicans will not be passing a bill that ushers in a new era of market based healthcare in reality the gop will either be passing legislation that rests on the same philosophical premise as obamacare or will pass nothing at all and thus keep obamacare itself in place but at the same time the gop bill preserves much of the regulatory structure of obamacare leaves the bias in favor of employer healthcare largely intact replaces obamacare s subsidies with a different subsidy scheme and still supports higher spending for medicaid relative to what was the case before obamacare ultimately it doesn t do much to foster the development of a free market system under gopcare individuals would not be able to take insurance with them from job to job because tax credits would not be available to people who have an offer of job based insurance they would not be able to purchase whatever plan they want because the federal government will still be dictating what has to be in insurance policies making insurance more expensive then it needs to be if this bill passes everybody would have to get their insurance either through government their employer via tax subsidy or be left to purchase government designed health policies using federal subsidies those are not the only elements of placebocare 2 0 that are planned to survive the transition into placebocare 3 0 platinum edition sen rand paul and rep mark meadows point to a few other very troubling items that survived the platinum coating formatting errors in the original fixed 2 leadership wants to keep the obamacare cadillac tax but rename it a tax on the top 10 of people who have the best insurance 3 leadership wants to keep the individual mandate but instead of mandating a tax penalty to the government they mandate a penalty to the insurance company can it possibly be constitutional to mandate a penalty to a private insurance company 4 leadership wants to keep 100 billion of the insurance company subsidies from obamacare but call them reinsurance why because insurance companies love guaranteed issue as long as the taxpayer finances it should we have expected anything else from the party that got elected as president a fan of single payer health care should we have expected anything else from the party that ran in the presidential election immediately after the adoption of placebocare 2 0 the guy who created placebocare 1 0 should we have expected anything else from the party that got the federal government into the senior citizen drug insurance game 7 years prior to placebocare 2 0 no wonder why i ve gone radio silent i got tired of being played and betrayed comments off on the not quite final betrayal placebocare edition link tb january 6 2017 tax tease by steveegg 22 23 filed under taxes just a quick tease here i was doing some research for a piece i m planning to write for rightwisconsin and i decided to compare taxes collected versus wages over the last 30 years this little series of nuggets ought to be worth a mention in a whole host of pieces before i unleash i ought to mention my sources the bureau of labor statistics for wage data specifically the average weekly earnings for production and nonsupervisory employees in the private sector and the organization for economic co operation and development for taxes all major taxes levied at every level in 1985 the average weekly wage was 304 62 and the total tax take was 1 069 914 million or a shade over 1 trillion by 1995 the average weekly wage rose to 400 04 while the total tax take rose to 2 028 327 million by 2007 just before the start of the great recession the average weekly wage rose to 589 18 while the total tax take rose to 3 867 405 million in 2009 the year the great recession officially ended though only for government types and wall street the average weekly wage rose again to 615 96 while the total tax take actually fell to 3 318 696 million in 2015 the last year oecd data is available the average weekly wage only rose to 709 13 while the total tax take spiked to 4 754 120 million and yet some people wonder why there aren t too many stay at home parents anymore why the recovery feels like anything but and why we can t re double the transportation taxes in wisconsin revisions extensions 10 44 pm 1 6 2017 so you want to consider gdp okay let s do that in fact i ll give you the advantage of considering the private sector portion not only is it the portion that funds government but its growth is greater than the government portion direct from the bureau of economic analysis in 1985 private sector gdp was 3 438 3 billion or if you prefer just over 3 4 trillion in 1995 private sector gdp was 6 211 9 billion in 2007 private sector gdp was 11 675 7 billion in 2009 private sector gdp was 11 329 6 billion in 2015 private sector gdp was 14 818 3 billion in short both between 1985 and 2015 and since the great recession ended and especially since the great recession ended growth in tax collections outstripped even private sector gdp the why is a subject of yet another post but it starts with huge and ends with government growth and not the portion that adds to gdp either r e part 2 10 47 pm 1 6 2017 read the wrong line for everything except 1985 private sector gdp on the spreadsheet corrected comments off on tax tease link tb january 4 2017 election bauble by steveegg 8 20 filed under elections politics national politics wisconsin though this place may not exactly reflect the truism the election cycle never really stops yesterday saw the last date candidates could file for the spring non partisan election headlined at least on paper by the state supreme court seat currently held by justice annette ziegler and the state superintendent of public instruction seat currently held by tony evers as well as the release of most of the counties reimbursement requests for conducting the presidential recount first the shocking and surprising item the jill stein campaign will almost certainly have spent significantly less than originally billed for her total net 66 vote gain and 778 net vote loss vice winner president elect donald trump with final reimbursement requests from 69 of 72 counties and a preliminary request from a 70th milwaukee those 70 counties spent a total of 1 533 488 25 on the recount a mere 51 6 of their estimates of 2 992 849 31 if brown and kenosha counties spent a similar percentage of their original 368 757 estimates the counties municipalities portion of the bill will come to just a tick over 2 million the wisconsin elections commission has yet to produce its costs but i somehow doubt that it will be anywhere close to 1 5 million this may be a flashing vcr correct moment more rare than the stopped clock right moment but you do have to love efficient accurate government if only the dot would take a lesson from this and not do expensive stuff like putting in a 300 foot dedicated right turn lane to service a half dozen residences next the shocking but shouldn t have surprised anyone moment justice annette ziegler will be unopposed on the ballot it s shocking in that the last person to run unopposed was the late justice patrick crooks in 2006 with 7 contested elections the last 6 with sitting justices though the last was essentially an open seat in the interim it shouldn t have been surprising because 5 of those sitting justices won re election with justice michael gableman s defeat of then justice louis butler in 2008 being the only defeat of a sitting justice since 1967 another item in the shouldn t have been surprising bin jr ross notes justice ann walsh bradley was unopposed in 2005 meanwhile evers weac weac drew a former beloit superindent lowell holtz and walker recall signer john humphries to force a february 21 primary comments off on election bauble link tb december 12 2016 the recount is over to be certified at 3 pm by steveegg 12 42 tags 2016 election filed under politics national politics wisconsin that is the news from the wisconsin elections commission which is due to certify the recults at 3 it earlier said that the counting was complete with only 4 counties yet to submit their official canvass speaking of unofficial results as of saturday night 90 8 of the reporting units representing 91 3 of the votes originally cast for the 7 candidates on the ballot were recounted besides the partial results from the city of milwaukee there had been 10 reporting units not recorded in the daily spreadsheets there had been a total net vote change of 1480 or 0 055 as ed morrissey noted earlier today that is purer than ivory soap individually hillary clinton gained 691 votes donald trump gained 628 votes and jill stein gained wait for it wait for it 68 votes i hope the nearly 4 million stein spent on validating trump s win was worth it for her meanwhile the recount efforts in both michigan and pennsylvania and thus the fever dreams of the left were shut down by various judges comments 1 link tb december 6 2016 aggrieved hacked not exactly by steveegg 20 33 tags 2016 election filed under politics national politics wisconsin first a bit of self cross promotion i did what is effectively a weekend update over at rightwisconsin my analysis of the presidential recount will be split between there and here there was a massive data dump to the wisconsin elections commission last night with over 55 of the votes originally cast in 58 of the reporting units hillary clinton managed to gain a net 3 votes on donald trump 142 to 139 vice the county canvasses while jill stein gained 50 votes the big news is that a rather massive hole got blasted in the theory that the election was hacked in st croix county which completed its portion of the recount monday 5 voting machines in 4 municipalities fell under suspicion after the modems which remotely report results to the county clerk were serviced however the wisconsin elections commission investigated and found nothing improper indeed the stein campaign representatives in st croix county in its own contempraneous review of the recount in various reporting units agreed with the machine tape in each case meanwhile the nightmare may be over before it really begins in michigan a state appeals court ruled that stein is not an aggrieved candidate and thus should be denied a recount that state s board of canvassers which split evenly on partisan lines on the issue last week thus triggering the recount is scheduled to meet tomorrow morning to take that under advisement also stein s pennsylvania federal lawsuit is scheduled for a friday hearing the timing of which doesn t appear to bode well for her clinton s chances comments off on aggrieved hacked not exactly link tb december 3 2016 wisconsin presidential recount day 3 by steveegg 18 14 tags 2016 election filed under politics national politics wisconsin just a few quick items after the wisconsin elections commission posted the spreadsheet of day 2 of the won t change a thing wisconsin recount jill stein dropped her attempt to get a court to force a recount in pennsylvania after her campaign couldn t come up with the 1 million bond the court required with that even without the results from wisconsin and michigan donald trump has 280 electoral votes maybe the wec should have got the full 3 9 million from stein up front instead of the 3 5 million with 24 of the original number of votes recounted representing 29 7 of the reporting units trump has gained 308 74 votes over the original county canvasses hillary clinton has gained 187 45 votes and stein has gained 171 41 votes projecting that over the remaining ballots trump s lead over clinton would grow by 121 votes and his lead over stein would grow by 137 votes the three biggest errors of the election thus far all came from election officials not from either hacked voting machines or voters not making their intent clear enough to be known on...