This week’s “Follow the Money Weekly,” podcast, hosted by economist, columnist, radio host and international speaker Jerry Robinson, raises the question about why Americans should want to stop the federal budget cuts with just Obamacare.
“If the GOP is so ‘gung-ho’ to stop the rampant growth in government spending, why stop at Obamacare?” is the question posed. “Don’t get me wrong. I would love to see Obamacare defunded and replaced with a free market solution. But I am more interested in seeing across the board cuts to ALL government programs in order to stave off an inevitable default in the years ahead.”
Writes Robinson, “Since the House has the responsibility of ‘approving all government spending,’ can anyone answer why these ‘sudden fiscal conservatives’ have refused to defund the existing entitlement programs that pose a much more grave threat to our republic? After all, both parties have given the current House plenty of entitlement reform opportunities.”
He noted Social Security, according to the Office of Management and Budget, will cost $11 trillion over the next decade, Medicare will cost $8 trillion and Medicaid will cost $4.3 trillion.
“Can you imagine if these ‘sudden fiscal conservatives’ were to apply the same political strength to an effort to defund Social Security, which currently send checks to 62 million beneficiaries? Or what about defunding Medicare which provides health coverage to over 48 million Americans?
“The sheer fiscal insanity and spineless leadership that infects Washington is only exacerbated by the American people’s defense of these thugs based upon their team colors. When will the American people realize that they themselves are the butt of a bad joke?”
Robinson also addresses how to protect your money from the madness in Washington.
“The political wrangling in Washington has crippled the democratic process. Years of gargantuan spending levels on the ‘warfare and welfare’ state by both political parties have driven our nation to the edge of financial insolvency. And it is getting worse, not better, by the day,” he said.
“Of course, neither party appears interested in taking responsibility for the fiscal train wreck that awaits America. Instead, as Rome burns, our elected officials engage in intellectual jousting matches cleverly designed to cast all blame on their opponents.”
Then Tom Cloud, president metals adviser, joins the program for a precious metals market update, and Certified Financial Planner Jay Peroni offers his investing idea of the week.
Also on the air is Ted DeHaven of the CATO Institute, who discusses the issue of Social Security Disability payments, and how fraud is leading to government waste.
Podcast is 1:05:26.
Jerry Robinson is an economist, published author, columnist, radio talk show host, and international conference speaker. Robinson has been quoted as an economic authority by USA Today, FoxNews and many other news agencies. His columns have appeared regularly in numerous print and web publications, including WND. In addition, Robinson is also the editor-in-chief of the popular economic newsletter, “Follow the Money Quarterly.”