Stabenow: Don't give Social Security to Wall Street, Medicare to insurance companies. Instead, the federal government will bankrupt them both

Let me just start with this: Pic of the Day: The Only Chart You Need To See To Understand Why The US Is Screwed, for the first time in our history just entitlement spending by itself is greater than all federal tax revenues combined:

Stabenow's solution? Via MLive: 

U.S. Sen. Debbie Stabenow said she doesn't support cuts to Medicare or Social Security as part of the debt ceiling deal, something Republicans have pushed hard for and President Obama is open to.

"I don't believe in giving Social Security to Wall Street and Medicare to for-profit insurance companies," Stabenow said after a green energy press conference this week in Lansing.

But yet both are on a trajectory for total and utter bankruptcy. Her solution? What has she done about it? This:

HHS Sec Sebelius Confirms The Irresponsibility of Those Clinging to Medicare's Unsustainable Status Quo

And that would be all Democrats by the way, including Obama:

All of Washington agrees that without reform to Medicare's payment structure, the critical healthcare program will go bankrupt. The fee-for-service payment system ensures that healthcare providers and seniors who receive the care have little incentive to control costs, making healthcare more expensive for everyone.

Before the Sebelius interview: Paul Ryan Previews Medicare Hearing With Sec. Sebelius 

More Ryan here in regards to death panels: Paul Ryan on Healthcare Law's Medicare Board: Seniors Deserves Better 

And this: Bureaucrats Can't Micromanage Health Care Decisions; Patients & Doctors Need Control 

UPDATE: Secretary Sebelius on Whether Seniors Should Control Their Healthcare Decisions 

Also: Savulescu: Are We Morally Obligated to Breed Healthier Children?  The very notion is straight out of the liberal playbook - if the kid isn't going to be a healthy taxpayer, abort him or her ASAP:

Video: Obama admits Democrats' do-nothing plan will bankrupt Medicare

It's not what Pelosi and Reid have been saying, but it is indeed true:

Video of Obama advisor Bill Daley: Medicare Will Run out of Money in 5 Years

This is pretty much what happens with every Ponzi scheme (and socialism) that has ever been tried - you eventually run out of other people's money:

A simple solution: What we need right now - the "Entitlement Sustainability and Constitutionality Act"

Pic of the day: How big of a ripoff is Medicare for young Americans?

It's pretty darned bad:

If the pattern holds, the generation after that will get back 50 cents on a dollar. Those middle-aged and under will never see the money come their way that they themselves shelled out. In my mid-40s, I'm under no illusion that I will receive any Medicare at all as the program is currently bankrupt and won't be around a decade from now save 2. Same with social security that is now running a permanent deficit and will be gone by the time I stand to benefit from it. From NCPA via HA headlines, this is the sort of Ponzi scheme that sent Bernie Madoff to jail:

...Why does Medicare favor the old and discriminate against the young? Because like Social Security, Medicare finances work like a chain letter. Although workers have been repeatedly told that their payroll taxes are being securely held in trust funds, they are actually being spent—the very minute, the very hour, the very day they arrive in the Treasury’s bank account.

No money has been saved. No investments have been made. No cash has been stashed away in bank vaults. Today’s payroll tax payments are being spent to pay medical bills for today’s retirees. And if any surplus materializes, it’s spent on other government programs. As a result, when today’s workers reach the eligibility age of 65, they will be able to get benefits only if future taxpayers pay (higher) taxes to support them.

Read the whole thing.