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Seniors' Advocate Reacts To President Bush's FY 2009 Budget
Following a review of the Administration's FY 2009 budget, the National
Committee to Preserve Social Security and Medicare's President and CEO
Barbara B. Kennelly stated:
"While health care costs soar, millions of Americans remain uninsured and
baby boomers approach retirement, the last thing this nation needs is more
of
the same from the Bush administration. Proposing $178 billion in Medicare
cuts which will directly impact healthcare access for millions of seniors,
while
at the same time preserving $150 billion in insurance industry giveaways,
is
outrageous and indefensible."
Once again, the President's priorities are clear. This FY 2009 budget
proposes draconian cuts in healthcare programs, which would touch the
lives
of millions of seniors, the disabled, and poor while allowing billions of
dollars in
insurance industry subsidies to continue. This budget proposes:
- Massive Cuts to Mandatory Spending Programs of $16 billion in
2009, $208 billion over the next five years, and $619 billion over 10
years.
- Medicare Cuts Beyond Reason. In response to the arbitrary 45% cap
created in the flawed Medicare Modernization Act, the President's budget
proposes legislation to reduce Medicare spending by $556 billion over the
next
10 years and more than $10 trillion over the next 75 years.
- More Budget Deficits and Record Federal Debt. This budget
proposes making tax cuts to the wealthiest Americans permanent. Both debt
held by the public and gross federal debt are estimated to reach all-time
highs in FY 2009, totaling $5.856 trillion and $10.413 trillion,
respectively.
- Protecting Insurance Industry Profits. Once again, private insurers
in Medicare will collect $150 billion over ten years in taxpayer-supported
subsidies while also reporting record profits due to the privatization of
Medicare.
- Privatizing Social Security. The President's budget proposes
spending $30 billion in FY 2009 and $647 billion over the next 10 years to
create Social Security private accounts.
America faces a Budget crisis not a Social Security crisis. Without the
Social
Security surpluses, the federal government would be running larger
deficits.
Based on OMB estimates, $204 billion dollars of Social Security surpluses
will
be used to mask the true size of the federal deficit in FY 2009. OMB
expects
the FY 2009 deficit will reach $407 billion. However, without the Social
Security surpluses the FY 2009 would be approximately $611 billion.
"The President's Budget does not reflect Americans' current needs or their
future priorities. The nation's most vulnerable populations cannot
continue to
pay the price for this administration's ruinous economic policies.
Continuing to
slash vital programs that serve millions in need to pay for tax cuts for
the
wealthy and billions in insurance industry subsidies is clearly not
working"...Barbara B. Kennelly
The National Committee, a nonprofit, nonpartisan organization acts in the
interests of its membership through advocacy, education, services,
grassroots efforts and the leadership of the Board of Directors and
professional staff. The work of the National Committee is directed toward
developing better-informed citizens and voters.
The National Committee
Seniori "Avocatul reacþioneazã la Preºedintele Bush a FY 2009 buget - Seniors' Advocate Reacts To President Bush's FY 2009 Budget - articole medicale engleza - startsanatate