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Going For Broke
The Daily Grind ^ | 06/17/2008 | Howie Rich

Posted on 06/17/2008 8:21:47 AM PDT by Captain McAllister

Sometimes, what’s wrong with government in America really can be “boiled down” to a delicious metaphor – one that exquisitely encapsulates the failure of our politicians to get a handle on their insatiable “appetites.”

Take last week’s news that the U.S. Senate is finally privatizing its restaurant business after losing more than $18 million over the past fifteen years – a decision it reached after taking advantage of one last $250,000 taxpayer bailout just to make this month’s payroll, of course.

Sure, that amount is scarcely a drop in the bucket compared to the much larger pork smorgasbord Senators spread out for themselves every year in Washington, but the irony truly is delectable – for everyone but the taxpayers, at least.

“Financially breaking even has not been the objective of the current management due to an expectation that the restaurants will operate at a deficit annually,” said California Democrat Dianne Feinstein, who apparently fails to grasp how this trend applies to the rest of government.

After all, isn’t Washington’s worsening fiscal disaster just a continuation of this admittedly trivial passing of the buck? In fact, how is the Senate’s sinking food chain any different from our current Social Security quagmire? Or Medicare’s impending morass?

There is no difference – except Social Security and Medicare each suck up more than 20 percent of the federal budget.

Yet like the Senate restaurant, both are going under to the tune of trillions of dollars down the drain.

For each of these examples, there’s a word that sums up the fundamental problem we’re dealing with – entitlement.

Like Feinstein said, the Senate restaurants didn’t make money because they didn’t have to. In fact, it’s hard to fault the managers for failing to produce a profitable product because unlike hundreds of thousands of small businesses all across the country, the bottom line didn’t matter to them. They were “entitled” to keep on running deficits because millions of Americans who would never get the opportunity to dine in one of their swanky establishments were forced to foot the bill.

Similarly, millions of Americans are forced to continue taking out huge chunks of their paychecks to fund a Social Security program that will have gone broke long before they reach retirement age.

So, is the Senate going to follow suit and privatize Social Security? Of course not, despite the fact that the program will start spending more than it takes in by 2017, and will have exhausted all of its reserves by 2041. And never mind that each day our elected officials wait to fix the problem, the more expensive it becomes to fix.

As for Medicare, the program is already spending more than it takes in, with a recent report from the program’s board of trustees concluding that its hospital insurance trust fund will become insolvent by 2019.

And as if Medicare’s unsustainable expansions weren’t bad enough, a Washington Post report just last week exposed that the program is rife with health care fraud – part of a $60 billion annual problem for our country.

Clearly, the Senate’s restaurant bailout is small potatoes when compared to the downward spiral of these two twin government entitlement behemoths, but the principle remains the same.

At this point, neither major party (nor their respective presidential nominees) has proposed anything even resembling a sustainable solution for Medicare or Social Security. In fact, the leaders of both parties are guilty of exacerbating the problem. Behind Barack Obama’s telegenic appeal and John McCain’s maverick image are two politicians who, at present, lack the political will to grapple honestly with either issue.

Like their Senate counterparts, both Obama and McCain seem content to pass the tab onto the taxpayers – even if the people paying for it never get to taste what’s on the menu.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: congress; govwatch; house; reid; senate; taxpayers; ussenate

1 posted on 06/17/2008 8:21:47 AM PDT by Captain McAllister
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To: Captain McAllister

Let the Senate eat Cake.


2 posted on 06/17/2008 8:30:56 AM PDT by LomanBill (A bird flies because the right wing opposes the left.)
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To: Captain McAllister

And as if Medicare’s unsustainable expansions weren’t bad enough, a Washington Post report just last week exposed that the program is rife with health care fraud – part of a $60 billion annual problem for our country.
:::::::
The ComPost stumping for socialized medicine again. Nice try ComPost. At the same time, they failed to compare potential fraud of $60 BILLION in Medicare while NOT comparing it to the $300 BILLION in fraud upon the American citizen in the form of SUPPORT FOR illegal aliens — the latest estimated cost to the taxpayer for Washington’s ongoing malfeasance on the issue.

Those of us who paid MAJOR TAXATION all of our working lives deserve Medicare. Even though we still have to pay for much of it. If the government had let us keep our money, and the same applies to Social Security, and we could have earned simple interest on it, we would have been far better off today, that if the socialists in our government had not wanted to steal our money and squander it.

At the same time, for votes and power, the government gives Medicare and SS benefits to those WHO DID NOT PAY FOR IT! Further wasting our funds that the deserving recipients should have. So we should not blame the concept of Medicare and Social Security for the gross malfeasance of the government in managing both of these good programs. If they had been protected and USED ONLY for their original intended purpose, we would have no problems. Want to blame something? — blame the government.


3 posted on 06/17/2008 8:30:58 AM PDT by EagleUSA
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To: Captain McAllister

This is the same g’ment who wants us to trust them with our health care.


4 posted on 06/17/2008 8:46:23 AM PDT by devistate one four (Nam 67-68)
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To: Captain McAllister
A bunch of Millionairs too cheap to pay for their own lunches.Truth be known, they are all behind in their payments to the lunchroom too. They are professional leaches.
5 posted on 06/17/2008 8:47:06 AM PDT by Don Corleone (Leave the gun..take the cannoli)
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To: Captain McAllister
I have nothing but animus for 99 of the 100 that populate, a snake pit of treachery known as the U S Senate. The two corrupt out of touch political parties have put the voters in a lose-lose situation, with the presumptive nominees of both parties, being examples of what makes the Senate the place where the common citizen and his beloved nation, gets sold out time and time again.
6 posted on 06/17/2008 8:59:31 AM PDT by Biblebelter
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To: Don Corleone

Professional leeches indeed. I used to intern for one of them and he thought because he was a Congressman everything should be free, for him at least. It was sickening.


7 posted on 06/17/2008 10:04:15 AM PDT by Captain McAllister
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To: Captain McAllister
I thought this is an interesting story since I first heard about it. When faced with a losing bureaucracy, the Dem's first instinct is to privatize it. It's proof the Dems do “get it,” but they choose to demagogue when the subject isn’t the Senate cafeteria, but something a bit larger like Medicare or Social Security.
8 posted on 06/17/2008 10:12:37 AM PDT by Cyber Liberty (Who would McQueeg rather have mad at him: You or the liberals?)
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To: Captain McAllister

At what point did the Colonies revolt?

These clowns have NO accountability and no reason to fix things as they have no one to answer to.

You screw your best friend’s wife, that’s OK. Cheat on your spouse? OK. Earmarks to relatives, OK. Corruption, OK.

Not OK, term limits and a housecleaning is needed.


9 posted on 06/17/2008 10:14:11 AM PDT by wac3rd (LIBS GONE WILD)
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To: wac3rd
Your reply reminded me of former Adam Clayton Powell...
10 posted on 06/17/2008 10:37:43 AM PDT by Captain McAllister
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