Tonight Standard and Poors reduced the credit rating of the Untied States from AAA to AA+. Their main reasoning (see report here – PDF) is that our spending is still high and we are not increasing revenue. As matter of fact the report really unleashes on the revenue part: Compared with previous projections, our revised […]
New numbers came out today and one of them shows that inflation rose 2.7% last year. That’s pretty bad when people aren’t making us much money and we still have a big unemployment problem, but the problem doesn’t stop there. Social Security recipients didn’t get a raise this year. The calculated that in June, so […]
Is this any real shock? With Democratic leaders and White House officials holed up in Senate Majority Leader Harry Reid’s (D-Nev.) office negotiating a final bill, Republicans are demanding a deceleration of the process and moving to define whatever plan that emerges as a combination of Medicare cuts, tax increases, higher insurance premiums and rising […]
This is how the Republican’s manage our government: The federal government erroneously has reimbursed about 230,000 Medicare recipients for monthly premiums they paid this year for prescription drug coverage. For many, the checks — totaling nearly $50 million — have already arrived. The refund will undoubtedly cause confusion, particularly because it comes with a letter […]
While Bush is out to try and control the damage he has done lately, he is still making mistakes. One that really has gotten to me (and something I have followed very closely) is the debacle called Medicare. His defense has me really ticked off: “Any time Washington passes a new law, sometimes the transition […]
To put the ineffectiveness of the new Medicare prescription program into perspective, needymeds.com has compiled a list of common medications and compared the cost to numerous other sources. Of the ten drugs listed (including Lipitor, Plavix, Prevacid and Zocor), Medicare-D offers the highest price. The cost for all ten drugs under the new Medicare program […]