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:

August 3, 2011: Obama Threatens Social Security Checks SAME DAY He Plans Fundraiser For Campaign Checks

Recall that Obama threatened to throw grandma off the cliff a few days ago if he didn't get a massive tax increase: Human Shields: Obama to use Social Security recipients as human shields if GOP doesn't give him massive tax increase

"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it" - Obama

Well, it turns out that August 3, 2011 is a day that has more important connotations to Obama than just bankrupting America. He's holding a fundraiser on that very day:

There's one heck of a 2012 campaign ad in there.

More over at drudge:
HAPPY BIRTHDAY, MR. PRESIDENT!
BIG BASH PLANNED DAY AFTER AMERICA GOES BROKE...
$35,800 per couple...

Priorities.

Human Shields: Obama to use Social Security recipients as human shields if GOP doesn't give him massive tax increase

Democrats already screwed seniors by passing ObamaCare and with it pilfering $500 billion from Medicare as a result. Now they are using those same seniors as human shields to try and ram through a massive tax increase. Via memeorandum: Obama says he cannot guarantee Social Security checks will go out on August 3

President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks.

"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News.

The video of O:

So welfare queens will continue to get checks, but seniors that actually paid into the system and made a contribution to society will not. A great example of liberal priorities. More from Michelle Malkin, No Quarter, James Pethokoukis, The TrogloPundit, RedState, The Other McCain, The Lonely Conservative, Weasel Zippers, Outside the Beltway, Say Anything, American Spectator, National Review, Confederate Yankee, Pundit & Pundette, JammieWearingFool and Don Surber

UPDATE: Rush Limbaugh - Obama Is Saying Soical Secruity Checks May Not Go Out If No Debt Limit Deal

Plus this: Rush Limbaugh - Obama Using Economic Terrorism Against The Military And Seniors 

UPDATE #2: Major Garrett Explains to Chris Matthews Why GOP Won’t Raise Taxes

Plus this: Ga Sen Johnny Isakson: Obama ‘Delusional’ on Debt Ceiling Debate

UPDATE #3: Pawlenty: Obama Like ‘Manure Spreader in a Wind Storm’

UPDATE #4: Linked by Instapundit! Thanks you!

Rep Cong Becerra (D-CA) claims social security IOUs just as good as money

How social security works is best summed up in these few clips from Dumb and Dumber: (click on pic for vid)

With that as a backdrop, check out this segment with Rep Cong Becerra (D-CA):

From a prior post, 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:

There's a simple solution to the problem and I wrote specifically to that effect last August: What we need right now - the "Entitlement Sustainability and Constitutionality Act"

Social Security in deficit for first time. Obama: Social Security 'is not in crisis'

1. Break up social security into 50 pieces. The states would collect the tax for it and be responsible for its long-term viability.
2. Break up Medicare into 50 pieces. The states would collect the tax for it and be responsible for its long-term viability.
3. Stop federal Medicare reimbursements. The states will have to run the program 100% by themselves.
4. Stop federal welfare reimbursements. The states will have to run welfare 100% by themselves.

It's a simple solution, and far easier than messing with the retirement age or raising taxes, but it won't happen for one simple reason: federal politicians abhor parting with graft.