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VP Biden Wins Prestigious “Postpony” Award

Bruce Krasting's picture




 

The Vice President had this to say yesterday:

 

 

No changes in Social Security?? Joe B "guarantees" that? Who is he making this promise to? There are only two possibilities. Either Biden is flat out lying, or he is a fool.

 

Social Security is a “here and now” issue. It should be a matter that is part of the debate in the coming election. Charles Blahous, a Social Security Trustee, had this to say last weekend about the current status of America’s biggest entitlement program (Link):

 

“To me, urgent doesn’t begin to describe it. I would say we’re somewhere between critical and too late to deal with it.”

 

Critical? Too late? If this is what a Trustee of Social Security is saying, then what is Biden selling?

I’m going to give Biden an award for his words. I call it the “Postpony”. I’m tired of the phrase, “kick the can down the road”. When Biden spoke about SS he was kicking the can. He was pushing a strategy of postponing a debate/resolution of something that is important for the country’s medium and longer-term future. This is politics at its worst. Joe B. is just trying to buy some votes. So the VEEP gets the “POSTPONY”. A picture of the plaque:

.

 

I can’t think of an election where the VP candidate actually made a difference in the final vote. Maybe 2012 will be different.

 

Those who are under 50 today, and working, are going to get stiffed (big time) by Social Security. They will have 12.4% of their wages sucked out of their pockets and into a sinkhole. That money will be used to “deliver” on the promise that Joey B made to the baby boomers in VA yesterday. When those who were born after 1965 try to retire, there will be no money left in the SS Trust Fund. The under 50 set will recieve only 70% of what the boomers get (Current law). That's a lot of people who should be thinking about this issue as they vote.

 

I’m looking forward to the debate between Joe Biden and Paul Ryan (I’m not in love with this guy either). A question that I would like them to answer:

 

The Social Security Trust Fund reported to Congress that the Social Security Disability Fund will run out in 2015. Either benefits for 12mm people will get cut by 30% (current law), or any shortfall (mega $s) will have to come from more deficits and debt.

The next Administration will have to “fix” this problem. This is not a maybe; it’s a sure thing. What are the candidate’s plans for this fix?

.

H/T: DAK&Co

 

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Wed, 08/15/2012 - 22:09 | 2709037 otto skorzeny
otto skorzeny's picture

Hillary may have "Beaver Fever"-but she's no Dumb Dyke

Wed, 08/15/2012 - 21:08 | 2708894 spanish inquisition
spanish inquisition's picture

"Either Biden is flat out lying, or he is a fool."   -   Can't he be both?

Wed, 08/15/2012 - 23:20 | 2709175 SoCalBusted
SoCalBusted's picture

Do you even need to ask?

Wed, 08/15/2012 - 21:52 | 2708989 New_Meat
New_Meat's picture

It's not an XOR. - Ned

Thu, 08/16/2012 - 09:03 | 2709705 GeezerGeek
GeezerGeek's picture

I love it when people talk geek. Imagine if Shakespeare had done: 2B||!2B, that is the question.

Wed, 08/15/2012 - 21:00 | 2708872 opencircle
opencircle's picture

The Bond market has been reacting negatively in last 2 weeks.  Has the market concluded that Mitt Ryan OR  Barrack Biden are just going to kick the can and they want to get safe?  Does that mean even Bernanke cannot save the award winners with his press?

Wed, 08/15/2012 - 20:54 | 2708861 Overfed
Overfed's picture

Joke biden makes Dan Quayle sound like a genius.

Joke Biden is O'bomb-a's assassination insurance. Nobody, but nobody would put that retard in the White House.

Thu, 08/16/2012 - 06:39 | 2709516 StychoKiller
StychoKiller's picture

"Why Obamatron won't get assassinated:  President Biden!" -- exactly what I told my wife many moons ago.

Wed, 08/15/2012 - 20:46 | 2708846 gnomon
gnomon's picture

At least Obummer will be remembered as America's Caligula who sucked the last bit of blood from the Republic by setting horrific precedents of lawlessness and corruption. Bozo Biden will not be remembered at all.

Wed, 08/15/2012 - 23:22 | 2709177 brettd
brettd's picture

Might BHO have chosen Biden as VP with the intention of sending him on "vice presidential" trips around the world to meet with other heads of state, with the intent of having Biden represent America as a collection of blow-hard putzes?

Wed, 08/15/2012 - 20:32 | 2708812 Brother Sebastian
Brother Sebastian's picture

"Either Biden is flat out lying, or he is a fool."  Both are correct.  This jackass, who plagiarized his master's thesis, doesn't know squat.  Nevertheless, he'll retire from office with a fat pension and benefits and never think about all the people his administration screwed.  And history will write about his vice presidency in the following manner:  "There goes Joe Biden, a man who stuck his foot in his mouth at every opportunity."

 

Wed, 08/15/2012 - 20:27 | 2708801 monad
monad's picture

Sarah Palin made a difference. She helped BO get in. She & her skank gf Bachmann makes Biden look good. In fact, the RNC makes Biden look good. He may be a creep, but he's riding shotgun. No doubt the entire RNC envies him for stealing so much, with so little. Biden wobbles, but he don't fall down. Amazing.

Thu, 08/16/2012 - 10:45 | 2710434 monad
monad's picture

I would like to thank all of you * who voted this my most offensive remark yet. You reaffirm my theories about you, and inspire me to get furthur from you. Special thanks to the ad hominizers for clarifying that. Thank you! Oh, thank you! Inshah Durden! La ilaha illa Ayn Rand! Captain Morgan 2012! Amen rah

Thu, 08/16/2012 - 09:26 | 2709801 GeezerGeek
GeezerGeek's picture

Once again an unsupportable statement. McCain was toast without Palin. There was zero excitement for him personally, being a RINO and all. While it can never be proven, I always thought McCain would have done even worse without her. Once the MSM begain their character assasination tactics on her, aided by her naive assumption that the MSM would be fair and treat her verbal fumbles the same way they treated Obama's (57 states, for example), it was all over. The establishment politicians of both parties wanted her gone. What better way than to bring her into the limelight in an already-hopeless cause, trash her, and banish her from public sight?

As for "Biden wobbles, but he don't fall down": if Biden were a Republican and said those things for which he's famous (infamous?) he would have been gone long ago. Apparently the fact that Democrats have no standards of behavior means they cannot be criticized when they behave badly. Republicans, who supposedly tout their moral superiority, are forced to live up to the standards they set. Note how the overwhelming number of politicians shunned and forced out by colleagues due to bad behavior is lopsidedly prevalent in one party. Is what James Watt, Reagan's first Secretary of the Interior, really worse then much of what emanates from Biden's mouth? Watt got fired for describing a particular advisory commission in non-PC terms.

I'd call this a double standard, but there is no standard for the Democrats. Heck, remember Obama - on TV! - giving the finger to Hillary by rubbing his cheek with his middle finger while debating her?

Thu, 08/16/2012 - 08:07 | 2709605 Oldwood
Oldwood's picture

Its the love and compassion for our fellow human being that i enjoy about ZH, maore than anything else!

Wed, 08/15/2012 - 23:19 | 2709172 Bear
Bear's picture

Avatar matches post

Thu, 08/16/2012 - 00:20 | 2709279 monad
monad's picture

Jesus told me to tell you to stay in school & not to trust men wearing robes.

Thu, 08/16/2012 - 09:31 | 2709829 GeezerGeek
GeezerGeek's picture

Your thinking that Jesus talked to you explains your comments. Or did He simply rearrange the letters in your bowl of alphabet soup?

And don't be sexist; don't trust women in robes, either. Think Ginsberg, Kagan, Sotomayor as well as Roberts.

Wed, 08/15/2012 - 23:42 | 2709218 blueridgeviews
blueridgeviews's picture

Well the intelligence is about the same.  Perhaps Mickey is brighter. Tough call.

Wed, 08/15/2012 - 22:58 | 2709134 MeelionDollerBogus
MeelionDollerBogus's picture

time-frame is important. If you're referring to the time before drone-killings, before MF Global, before Fast and Furious, before NDAA, then sure.

After? Not so much. Now people aren't even all screaming for George Dubbya's head on a platter because Obama has actually now done worse.

Wed, 08/15/2012 - 21:15 | 2708904 gwar5
gwar5's picture

Palin bumped up McCain's polling. They only dropped off after BHO got worried and called in Slick Willy on a Thursday. 48 hours later McCain fumbled the financial crises and started acting old and senile... my.. my friends.

Ever still afraid of Palin, the leftists firebombed her church two weeks before Christmas 2008, with people still inside. June 2009, barely 6 months later they firebombed Perry's historic TX Governor's mansion. And that was less than a year after leftists were caught red-handed in the attempting firebomb RNC convention delegates.

Biden is too stupid to know he's riding shotgun for an ineligible president. Since BHO's father was a UK citizen he can never be a Natural Born, nor a legal POTUS. Biden could brush BHO aside and take over the WH Zoo.

Wed, 08/15/2012 - 20:24 | 2708796 BeetleBailey
BeetleBailey's picture

Joe Biden...Lets FOCUS on him, you fucking thread hijackers....

Joe BIDEN.....is a complete shit-eating douchebag.

Joe BIDEN...is a poster boy for the phrase "I'd rather be lucky than smart" - because the cunt is.

Joe BIDEN...has funneled BILLIONS into SHAMTRAK...the govermental FUCK UP of all time. Choo Choo Joe....dickhead.

Joe BIDEN....has gotten away with more verbal gaffes than a Glousterman on a swordifsh bonzana run.

Joe BIDEN....is a fucking asshole.

Thu, 08/16/2012 - 08:57 | 2709688 Dr. No
Dr. No's picture

You need to spend money to keep from going broke.

Wed, 08/15/2012 - 23:45 | 2709227 blueridgeviews
blueridgeviews's picture

Tell us how you really feel.  No sugar coating.

Wed, 08/15/2012 - 22:05 | 2709015 Everyman
Everyman's picture

I am not really sure, but I gather you are not to thrilled with Joe?

Wed, 08/15/2012 - 23:30 | 2709190 BeetleBailey
BeetleBailey's picture

I'm as subtle as a sledge hammer...........

Now, if I was not on this site - in person - I REALLY let loose on the shit-eating hair-plugged, veneer sneering, bloviating, gay-dandyishly, meandering mouthy yammering, Kinnock plagerizing, absoLUTELY dead fucking on the wrong side of historyishly, bought and paid for former senator from a pissant state known for it's corporate tax dodging.

I LOVE going off on the throne-licking liberal douchebags that -  asinine-ingly - seem to think this shit-eating hair-plugged, veneer sneering, bloviating, gay-dandyishly, meandering mouthy yammering, Kinnock plagerizing, absoLUTELY dead fucking on the wrong side of historyishly is......somehow.....smart/wise/"a good person".

Thu, 08/16/2012 - 11:28 | 2710675 NotApplicable
NotApplicable's picture

FYI: The black vans will likely be arriving soon.

Thu, 08/16/2012 - 00:06 | 2709262 Everyman
Everyman's picture

I gave you a thumbs up.  I like straightforward no BS.

 

Thanks for a great post.

Wed, 08/15/2012 - 20:12 | 2708770 malikai
malikai's picture

"I guarantee you..." - Liar for "You're fucked".

Thu, 08/16/2012 - 06:36 | 2709514 StychoKiller
StychoKiller's picture

I came to the conclusion that whatever a politician "promises", you can look forward to them doing the exact opposite. ("Read my lips:  NO NEW TAXES!")

Wed, 08/15/2012 - 20:00 | 2708747 fonzannoon
fonzannoon's picture

Whats the big deal here...print some money, fill the void. Everyone wins.

Wed, 08/15/2012 - 20:11 | 2708769 Clint Liquor
Clint Liquor's picture

No need to print. Just add a zero or two on everyone's SNAP card. That'll bring back the consumer.

Wed, 08/15/2012 - 19:56 | 2708740 Muppet Pimp
Muppet Pimp's picture

Give us your thoughts on the way forward Bruce?  You gonna throw your hat in the ring?

Wed, 08/15/2012 - 19:51 | 2708732 bigwavedave
bigwavedave's picture

So Bruce. A Politician promises stuff he knows he can't deliver? Is that the bombshell your giving us here?

Thu, 08/16/2012 - 07:13 | 2709545 azzhatter
azzhatter's picture

Biden is 70 years old, he's counting on being dead long before he has to own up to his "guarantee"

Wed, 08/15/2012 - 20:15 | 2708774 Midas
Midas's picture

My prediction is:  Whichever politician most accurately describes the situation and gives the most detailed answer on how to deal with the problem will lose the debate according to the media.

Wed, 08/15/2012 - 22:15 | 2709047 dapper_dan
dapper_dan's picture

I'd go further... the politician who even raises the SS issues (or worse, the Medicare fiasco) and accurately/honestly details honestly their plan forward won't just lose the debate...  they'll lose the election.  It's absolutely a given.  So Obamarama wins.  No question.

Wed, 08/15/2012 - 23:49 | 2709236 blueridgeviews
blueridgeviews's picture

My prediction is Romney/Ryan win in a landslide.

I still believe more people would rather have a job in a vibrant economy than to rely on their mommy's/Gov't for sustinence.

Wed, 08/15/2012 - 21:09 | 2708895 nmewn
nmewn's picture

You mean the populace can't count on Candy Crowley? ;-)

Wed, 08/15/2012 - 21:42 | 2708971 disabledvet
disabledvet's picture

Yes we can! Yessssss weeeee cannnnnnn!

Wed, 08/15/2012 - 19:33 | 2708691 One eyed man
One eyed man's picture

Realistically, I think Mr. Biden may be right. Regardless of who wins the election. Social Security and Medicare are just too politically charged. They will be reformed only when there is a major crisis, if then.

Romney is already distancing himself from Ryan's budget proposals. To have any chance of winning Florida, Romney will have to promise not to touch SS and Medicare. Which will anger all the people he hoped to attract by putting Ryan on the ticket.

Wed, 08/15/2012 - 21:04 | 2708883 nmewn
nmewn's picture

"Regardless of who wins the election. Social Security and Medicare are just too politically charged."

Well, you would have thought them (budgeting) shifting 700 billion from Medicare into ObamaCare a couple years ago would have raised some eyebrows.

Apparently, everyones heavilly medicated.

Wed, 08/15/2012 - 21:44 | 2708979 disabledvet
disabledvet's picture

"medicare-ated" is more like it.

Wed, 08/15/2012 - 21:55 | 2708993 nmewn
nmewn's picture

lol...don't ever think I (or others like me) have forgotten Bush's bribe for votes, Pills for Seniors.It was disgusting...not so much for the pandering of him...but them, for being bought off so easily.

Its a two way street.

Thu, 08/16/2012 - 11:26 | 2710659 NotApplicable
NotApplicable's picture

A two-way street that's no longer safe to drive on, thanks to all these medicated zombies on the road. I'm even starting to older people texting or otherwise preoccupied with their smartphones.

Gotta get that airhorn. Soon!

Wed, 08/15/2012 - 19:32 | 2708684 Zero Govt
Zero Govt's picture

the Ponzi that is Social Security is just beginning to collapse right across the globe

...even in my kneck of the woods, a pretty damn wealthy principality, the SS civil servants are moaning out load (ie. to the press) about 'demographics' ...yes what a 'surprise', it's not like you had 40 years to work it out that new people paying in to pay existing old age pensioners was running awry ...this was the system you designed no?

Thu, 08/16/2012 - 11:24 | 2710652 NotApplicable
NotApplicable's picture

As long as the idiots will look you square in the eye while claiming that "The SS Trust Fund has $2.6T in fully-callable assets!" things aren't going to change. "Guaranteed."

It be laughable if it wasn't so fucking sad.

Thu, 08/16/2012 - 12:01 | 2710851 Zero Govt
Zero Govt's picture

it would be laughable if we all couldn't see it coming years ago

rather than be honest and just cash everyone out now and stop current employes paying in these beaurcrats will string it out until it falls off a cliff and crashes 

politics is the art of painting yourself into a corner with jet fuel until a spark sends the entire house up in flames

Wed, 08/15/2012 - 19:16 | 2708635 Rainman
Rainman's picture

Timmay was 100% positive USA wouldn't lose it's triple A too. Only thing I'm 100% sure of is that undershorts smash on your balls and deodorant is loaded with toxins. Everything else I'm not so sure.

Wed, 08/15/2012 - 19:15 | 2708621 f16hoser
f16hoser's picture

Postphony?

Fuck-it; just give him a Nobel Peace Prize. They're meaningless anyway.

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