Fred Sez


Fredo8 has released Senator Thompson’s plan for reducing Federal government spending

In 2007, the federal government’s spending rose to an astounding $2.8 trillion– the equivalent of $22,000 per household. Growth in federal government spending, however, rarely translates into better services for the American people. Solutions for many public policy problems are best found in the private sector, and then at the State and local level–not in Washington, DC

Unfortunately, the platitudinous plan reveals a poor grasp of the problem, and offers no real solutions to runaway Federal spending. Here are a few examples (in no particular order).

Fred sez:

“Medicaid costs have also been increasing dramatically. Providing tax credits to Medicaid-eligible individuals and families to allow them to purchase private insurance will increase the options for low-income individuals, expand personal choice, and should reduce costs as well.”

Medicaid is a state administered welfare program, the primary eligibility requirement is poverty. A tax credit in this instance would be useless, as the intended beneficiary is not on the tax rolls. Unless, Fred is proposing a refundable tax credit, in which case he is actually proposing a new spending program, completely based upon some expected cost savings.

Fred sez:

“Expand Means-testing of Medicare. Requiring wealthier seniors to pay more through higher premiums, increased co-pays, and higher deductibles is a reasonable and equitable approach that would go a long way to reducing Medicare costs.”

Means testing? Penalizing the wealthy? Is Fred taking a page out of the Dem playbook?

Fred sez:

“Providing Voluntary Personal Retirement “Add-On” Accounts to Supplement Benefits. These accounts would act like a private-sector employer 401 (k) plan and provide government matching funds for every contribution made by the participant.”

Since this is a “supplemental benefit”, the matching contribution represents a massive new spending program, and does nothing but add to the unfunded liability.

Fred sez:

“Indexing the Social Security Benefit Formula for Prices, Not Wages. This action would go a long way toward resolving the impending bankruptcy of Social Security while ensuring fairness by making sure future retirees receive the same amount as current retirees in real terms.”

This is actually a great idea. But, it will be portrayed by political opponents as a reduction in benefits.

Fred sez:

“Government also does a poor job of prioritizing the areas that do require regulation, as it tends to respond to political demands, or the perceived need, rather than the actual need. Therefore, we must require cost-benefit analysis of all significant government regulations and proposed legislation, using modern economic and scientific analyses.”

Cost benefit analysis? No. This is nothing but bureaucratic mumbo-jumbo. Actually, this could be a good issue for him if he could boil it down to meaningful language that communicates the problem. Rather, Fred should say that to make government accountable to the people, then government agencies and entities will be required to be accountable under the same system of regulation as private industry. OSHA, ERISA, ADA, and SOX, to name just a few of the more onerous ones.

But, don’t just take my word for it. Read it all, and decide for yourselves.

Trackposted to Outside the Beltway, The Virtuous Republic, Blog @ MoreWhat.com, Rosemary’s Thoughts, The Random Yak, Adam’s Blog, Right Truth, Leaning Straight Up, Cao’s Blog, The Amboy Times, Conservative Cat, Pursuing Holiness, third world county, Allie is Wired, The Crazy Rants of Samantha Burns, The World According to Carl, Celebrity Smack, The Pink Flamingo, Right Voices, and The Yankee Sailor, thanks to Linkfest Haven Deluxe.

13 Responses

  1. Good post, nuke.
    Kind of hurts my head this early to think about those issues.

  2. The EPA has estimated what the McCain energy tax would mean to consumers. Since the bill’s provisions are phased in, the full cost of the tax would not be felt for a number of years. But in a letter to Senator McCain dated July 2007, the EPA estimated that the tax will be about $.26 cents in current dollars per gallon of gasoline by 2030 and $.68 cents per gallon by 2050. For electricity, the EPA estimates that the McCain energy tax would increase individual’s electric bills by 22 percent in 2030 and 25 percent in 2050.

    Source.
    With all of these front runners in the GOP, they are in a unique position to just hand this election to the donks. Change…yeah, that’s what we need, all of our change.

  3. Nuke, batten down the hatches.
    /and get those sheepshanks ship shape

  4. More on the honor killings of the two girls in Dallas, from Jihad Watch.

  5. rough weather today!

  6. Saw that.

    Can’t hang, got to go out.

  7. […] Fred Sez « nuke’s Says: January 10th, 2008 at 5:27 am […] But, don’t just take my word for it. Read it all, and decide for yourselves. Trackposted to Outside the Beltway, The Virtuous Republic, Blog @ MoreWhat.com, Rosemary’s Thoughts, The Random Yak, Adam’s Blog, Right Truth, Leaning Straight Up, Cao’s Blog, The Amboy Times, Conservative Cat, Pursuing Holiness, third world county, Allie is Wired, The Crazy Rants of Samantha Burns, The World According to Carl, Celebrity Smack, The Pink Flamingo, Right Voices, and The Yankee Sailor, thanks to Linkfest Haven Deluxe. […] […]

  8. […] Pingback by Fred Sez « nuke’s […]

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