Report shows that Social Security is just fine.

I was looking at the upcoming stories this morning.

A liberal think tank organization released a news piece of the shape of social security and it’s status. Turns out it is just fine.

Well, right away, some on the right are crying “Foul“!

Because there was a gross distortion of the facts? Uhmm.. No, because they did not link the source article.

Well, here it is guys… The report in question, in PDF format.

From the Congressional Budget Office, Director’s Blog:

Today we released a paper on updated long-term projection for Social Security. (Our last long-term projection for social security was included in the December 2007 Long-Term Budget Outlook.) As CBO has highlighted in previous reports, the number of Social Security beneficiaries will grow considerably as the baby boomers become eligible for retirement benefits. Absent legislative changes, spending for the program will therefore climb substantially and exceed the program’s revenues. CBO projects that the 75-year actuarial imbalance in the program amounts to 0.38 percent of GDP, or 1.06 percent of taxable payroll.

The projections released today differ somewhat from earlier results because of newly available programmatic and economic data, updated assumptions about future demographic and economic trends, and improvements in CBO’s models. For example, these projections assume that future immigrants will be younger and more numerous than was assumed in 2007. (This change was included in the 2008 Social Security trustees’ report; CBO adopts the trustees’ aggregate demographic assumptions.) As a result of this and other changes, CBO projects somewhat smaller future deficits than we did in our 2007 projections.

CBO’s long-term Social Security projections have always shown both a point estimate and the range within which 80 percent of the possible values are likely to fall. In this update, however, CBO has expanded its uncertainty presentation. Many figures and tables still show the 10th and 90th percentiles of various measures, but new presentations show the probabilities of specific outcomes.

Here is an example of our new presentation. A table in today’s report shows the probability that Social Security outlays will exceed revenues by a specified percentage of GDP in a selected year. For example, the likelihood that outlays will exceed revenues in 2030 is about 97 percent, CBO projects, and there is almost a 50 percent chance that the gap will be larger than 1 percentage point of GDP; the chance of its being 2 percentage points (or more) of GDP is only 6 percent.

Another new table shows the probability, for different birth cohorts, that the Social Security trust funds will be sufficient to pay specified percentages of scheduled benefits. According to CBO’s projections, the 1940s cohort, for example, is virtually certain to receive all of its scheduled first-year benefit. The 1990s cohort has only a 32 percent chance of receiving all of its scheduled first-year benefit but an 84 percent chance of receiving at least 70 percent of that benefit.

Both the analyses that show 10th and 90th percentiles and the new presentations are based on the same underlying data, but we hope that the different perspectives will help to communicate uncertainty more fully to readers.

Gee guys, it’s called goggle. (and not THE Google, as called by Keith Olbermann, it is not a living thing!)  it cannot be that hard to look up. 🙄

No wonder the majority of Americans believe that the Republican Party is filled with idiots. It might just be because it is! 😆

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Memo to the Clinton supporters: Will you just get the hell over it already?

Jesus H. freakin’ Christ, this election cycle, for a Blogger like me, is like leading a circular firing squad.

First off, we have Neo-Conservative idiot William Kristol wanting to see nothing short of a floor fight at the Democratic Convention. Oh, I am absolutely sure that Kristol and his gang of Neo-Conservative morons would love nothing more than to see a giant floor fight, complete with (dare I say it?) the assassination of Barack Obama and the chaotic collapse of the Democratic Party into a smoldering heap. This all would be so the Neo-Conservatives could get to John McCain and continue to control Washington D.C. for the next 4 years. Thereby truly continuing the Neo-Conservative agenda in this Country.

Two words Kristol: Keep Dreaming!

If that is not enough to make a man want to take up drinking stiff whiskey, you have former Hillary supporters who are outraged! Outraged, I say! About the fact that Hillary Clinton was not even offered the position of Vice President.

Remember what I said about that circular firing squad? Well, hold on, hope you don’t get dizzy easy.

Listen people, Hillary Clinton, by most accounts, did not even WANT the job of Barack Obama’s Vice President. If she even did, could you freakin’ imagine that vetting process? I mean, people, Bill Clinton took funding from suspected terrorists overseas to build that freakin’ library of his! Not mention the fact that Bill Clinton seriously screwed over a guy, by the name of Peter F. Paul, who was business partners with Stan Lee. Heck, Peter F. Paul has living breathing evidence that Hillary Herself committed a felony during her fundrasing during her senate election campaign.

Not to even mention that if Barry had said, “Okay, forget the vetting, you can be my V.P.” Could you imagine that absolute shit-storm that the far, far, right would have created had Hillary been accepted for the Vice President? You have to know that the far right would have been digging for every last piece of media footage from the Waco compound siege in Waco, Texas and using it for Ads against Obama. Not to mention, The Monica scandal, Travel Gate, White Water, Vince Foster, and the list goes on and on and on and on.

Barack Obama might be a far lefty Liberal, but people, he is no dummy. Yeah, Biden might have a little baggage from a 1988 President campaign when he copied a speech. But honestly, that is absolutely nothing like the baggage that Hillary Clinton comes with. I mean, the two just are not comparable.

To the hardened Hillary supporters, I simply say this. I do not like anymore than you that Hillary lost. I think what the Democrat Party did here in Michigan and in Florida was absolutely wrong. But, unless your Party does something to change the rules of selection for President of United States, there’s nothing that can be done about it. The states moved up their primaries, and the DNC decided to punish them for it. Unless there are rule changes, that is just the way it is. I mean, standing around sucking your thumb and stamping your feet is not going to change a thing. I mean, seriously, do you, as an American citizen want to see four more years of George W. Bush?!?!?! That would be absolutely insane. You all just need to get the hell over it, and hope the Hillary decides to run again in 2012 or 2016. By that time, if Barry is a lame duck by then, Hillary will have a clear shot at the White House. That is, if she has not stroked out or something.

Others on this:
Hot Air, NO QUARTER, NewsBusters.org, Patterico’s Pontifications, Happy Furry Puppy Story … and Balloon Juice and more via Memeorandum

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I hate to say this, But I KNEW this was coming……

Call me naive, call me stupid, call me, well, racist. But this article is nothing more than nuanced, glamorized bullshit.

Racism is the only reason Obama might lose. By Jacob Weisberg (Via Slate Magazine)

What with the Bush legacy of reckless war and economic mismanagement, 2008 is a year that favors the generic Democratic candidate over the generic Republican one. Yet Barack Obama, with every natural and structural advantage in the presidential race, is running only neck-and-neck against John McCain, a sub-par Republican nominee with a list of liabilities longer than a Joe Biden monologue. Obama has built a crack political operation, raised record sums, and inspired millions with his eloquence and vision. McCain has struggled with a fractious campaign team, lacks clarity and discipline, and remains a stranger to charisma. Yet at the moment, the two of them appear to be tied. What gives?

If it makes you feel better, you can rationalize Obama’s missing 10-point lead on the basis of Clintonite sulkiness, his slowness in responding to attacks, or the concern that Obama may be too handsome, brilliant, and cool to be elected. But let’s be honest: If you break the numbers down, the reason Obama isn’t ahead right now is that he trails badly among one group, older white voters. He does so for a simple reason: the color of his skin.

What baloney!

The National Journal named Barack Obama as one the most liberal senators in Washington D.C.

Not to mention his wacky pastor, his associations with unrepentant terrorist Bill Ayers. Not mention his disdain for those who actually believe in a God, think that it’s our constitutional right to own and carry a gun, and would like see illegal immigration stopped and our border secured.

No, it’s none of that, it’s because white people, like me, are racist. 🙄

Of course, if a white conservative, like myself, says that Barack Obama would not be where he is, if it were not for the color of his skin, we’re racists. If a white conservative, like me, says that B. Hussein Obama, ol’ Barry the Magic Negro, is nothing more than a product of a un-constitutional civil rights act, passed by a communist infiltrated, liberal congress in 1964, we’re racist.

If Barack Obama was a white man, he’d working in law office somewhere and wouldn’t be able to get a job as a shoeshine boy (or he’d he shining something! Larry Craig’s ummm.. car? ) in the capital building in Washington D.C.

But if people, like me, say that. We’re racists….

Identity Politics, you have to just love it.

Sometimes, I wish Biden HAD won the primary. Maybe we’d have a chance that this election would be fairly carried out, and without all the white guilt and race hustling and baiting.

You ask me, what do I have against a Democrat, much less a black Democrat getting into the White House? I give you the best, the most perfect example of why I feel it would be a total disaster for a corrupt black Democrat to be in the White House. I only ask that you look in my home town. Detroit, Michigan.

If that is not a good enough reason, I do not know what is.

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As I expected…..

The McCain campaign is already rolling out ads against Biden.

This coming from an old fool, who cannot even tell people how many houses he owns.

Quote:

“I think — I’ll have my staff get to you,” McCain told Politico in Las Cruces, N.M. “It’s condominiums where — I’ll have them get to you.

If he doesn’t how many houses he owns, how can he possibly criticize anyone else?

….and don’t even get me started on McCain’s integrity. (can you say….Keating five?)

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Ouch!

Via FOX Embeds:

After Joe Biden slammed Rudy Giuliani during a debate last year with his famous line that a sentence for the New York mayor consists only of
a noun, a verb and 9/11, Hizzoner’s camp returned fire with a comment that looks a little more amusing given the day’s news.

Then-Giuliani Communications Director Katie Levinson shot back with this sharp retort:

“Senator Biden has never run anything but his mouth. Such a desperate attack from Senator Biden is to be expected considering I –
Katie Levinson – have a better chance of becoming President than he does,” the statement concluded.

Not the first thing the Giuliani campaign miscalculated…

Ohhhhh Snap! That’s gonna leave a mark! and this is from Fox? 😯 😮 Wow!

The Video in Question:

I like the look on Hillary and Edward’s face…

It is official: Obama/Biden for 2008

You know it’s a big Political story when I bounce my fat butt out of bed at 7:00 in the morning! 😀 😉

I’m talking about the big, Big, BIG story…. That Barack Obama has selected Joe Biden for his running mate for President of the United States.

You have to know that John McCain’s campaign is in “Oh Crap!” and hunker down mode right about now. Because no matter who John McCain selects as his running mate, he is going to be a open target for Obama’s new attack dog.

I mean, at this point, no matter who McCain selects, McCain is going to have trouble. If McCain selects Joe Lieberman, McCain will be seen by the Republican and Conservative base as a traitor. If McCain selects Mitt Romney, he will be seen by the majority of America as a out of touch, rich elitist. Heck, even Tom Ridge is not ever well liked by the Republican base. So, unless McCain picks a second tier political person, McCain is going to be screwed.

I mean consider this statement by the campaign:

“There has been no harsher critic of Barack Obama’s lack of experience than Joe Biden,” said McCain spokesman Ben Porritt. “Biden has denounced Barack Obama’s poor foreign policy judgment and has strongly argued in his own words what Americans are quickly realizing — that Barack Obama is not ready to be President.”

One Word: Lame. Seriously, is that the best damned line that the John McCain’s herd of paid lackeys could come up with? Bringing up something from the Primary?!?!?!

What does Biden brings to the table? Experience of all sorts, Foreign Policy, DC Beltway, and just a general sense of “I’ve been around for a while”. Not to mention, he makes one hell of a good attack dog. He is, in fact, a Kennedy type, except for that he’s not nearly as wealthy. So, he’s the real deal. Disclosure: I would have voted for Biden, had he made it to the Michigan Primary.

You know, I am well-known on this blog for my quite controversial statements. So, as a parting shot, let me hand this word of warning to the McCain campaign. John McCain had better hide his balls in Cindy’s purse, because if he doesn’t, Joe Biden will hand McCain’s balls to him on a plate and will make him eat them.

It is going to be one HELL of interesting election season.

More commentary, and I mean a whole damn truckload of it, at Memeorandum

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Breaking News!: U.S. Secret Service dispatched to Joe Biden's House

(H/T to FYINEWS)

I’ve been monitoring Twitter… and believe we may have confirmation that the candidate is Biden.

Via Jack Tapper at ABC NEWS:

The United States Secret Service has dispatched a protective detail to
assume the immediate protection of Sen. Joseph Biden, D-Del., a source
tells ABC News, indicating in all likelihood that Biden has been
officially notified that Sen. Barack Obama, D-Illinois, has selected
him to be his running mate.

Finally! It is official! Joe Biden IS, in fact, Obama’s running mate, finally!

This will a good thing for Obama. I do, however expect that the far right will attack Biden, using the usual tools.

Reason I know this, is because the secret service does NOT do head fakes!

Update: CNN Basically confirms.

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Breaking News: Obama will deliver text tommorow before Springfield event

Marc Ambinder says via Twitter:

Source: text will be sent tomorrow am, a few hrs before Obama speaks in Springfield.

Great…. Means I’ll have to get up early. 🙄

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Lying asshole "Shock Troops" Author back in the news

Unbelievable.

Via Pajamas Media:

Quote:

It seemed we’d heard the last of Scott Thomas Beauchamp and Elspeth Reeve in late January, after I posted copies of the sworn statements gathered during the “Shock Troops” investigation on Confederate Yankee. The documents included Beauchamp’s own sworn statements — his first, where he did not see any of the minor atrocities written about in “Shock Troops,” and a backdated one where he finally admits he was the author. The documents also included the sworn statements from 22 other soldiers saying that the minor atrocities written about in “Shock Troops” were events that they did not witness.

Even the editor of the New Republic, Franklin Foer, announced a month previously in December that he could not stand behind Beauchamp’s stories. But just when we though it was all behind us, Beauchamp is back, (with his former fact checker wife still supporting him), courtesy of Spencer Ackerman in Radar magazine.

In “Notes on a Scandal,” Ackerman interviews Scott Beauchamp and Elspeth Reeve — and no one else — and shockingly comes to the conclusion that the magazine that fired Ackerman for his anti-war views was wrong to pull its support for a series of articles (”Shock Troops” was just one of three Beauchamp stories) that reinforced those views.

How did Ackerman conduct this investigation? He hung out with Beauchamp and Reeve at a bar and later communicated with them via email. What he did not do is present any evidence to support the contention that Beauchamp’s claims are true, or that Franklin Foer was wrong to pull support for stories that still lack on-the-record evidence of any kind.

I have to admit it, he does have balls. But he is a damn liar. He’s now trying to cash in on the fame. Lying ass liberal prick.

I remember when this story come out and then it came out that it was all lies. That was one the moments when I really began to rethink my political position. I mean, if liberals are willing outright lie to make a political point, something is just wrong. Which is why I consider myself now a Moderate Conservative, not a “Republican”, not by a long shot. But I’ll be damned if I’ll ever vote Democrat again.

Others:
BLACKFIVE and AMERICAN DIGEST

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Barry Says, "Hillary? I think not!"

I kind of already figured this, but still the same, it is going to be seen as a massive slight to the Hillary crowd.

Via Politico.com

Quote:

There’s one Democrat who would seem to have little or no chance of being picked by Sen. Barack Obama (D-Ill.) to be his running mate – his former opponent, Sen. Hillary Rodham Clinton (D-N.Y.).

But it’s not for the reason you think.

Obama has often said, most recently on NBC’s “Meet the Press” on July 27, that Clinton “would be on anybody’s short list.”

But apparently not his.

“She was never vetted,” a Democratic official reported. “She was not asked for a single piece of paper. She and Senator Obama have never had a single conversation about it. How would he know if she’d take it?”

The official also said Clinton never met with Obama’s vetting team of Eric Holder and Caroline Kennedy.

And the official said she was never asked for medical records or for any financial 2008 information about her or former President Bill Clinton. The last information the couple has disclosed about taxes and financial holdings was for 2007.

I would be willing to bet money, that there will be a massive floor fight at the convention. I’m sorry, but you cannot suppress that many people. I look for the Hillary supporters to stonewall or stage a massive walkout or something.

Either way, it is going to be seen as a slight to Hillary’s supporters. Obama will have to overcome that. Which if he picks Biden, he will be able to. Because Biden is a fighter and will not balk at telling someone to get bent. Also, he would make a good attack dog for people like John McCain.

I just hope sometime today, that Obama picks the running mate and gets it over with.

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