Orszag strikes out as Social Security goes bankrupt

Before he came to Obama's Office of Management and Budget, Peter Orszag used to work for the Congressional Budget Office. While there, Orszag warned that Social Security would start running deficits in 2019 unless the system is reformed. Orszag was off by about 3,285 days. The New York Times is reporting that as of today, Social Security is officially producing red ink.

This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.

Stephen C. Goss, chief actuary of the Social Security Administration, said that while the Congressional projection would probably be borne out, the change would have no effect on benefits in 2010 and retirees would keep receiving their checks as usual.

With the Obama Administration having done nothing to help create jobs, somewhere near 20% of the country is estimated to be unemployed or underemployed. Those people are paying little to nothing to the Social Security Administration, which has rapidly accelerated its collapse. Turns out you actually need people to be productive in order to tax them. And with the economy already teetering on top of massive debt and a $1 trillion health care bill on the way, Social Security recipients will find there isn't very much money left to go around. The program could go bust any day at this point.

The same CBO that miscalculated Social Security's red ink by nine years also claimed the health care bill would reduce the deficit. Its former oracle, Orszag, now has the president's ear on all budget matters.

And they're off! Obama's 2012 campaign to be run by devious Rahm clone

While most people are worrying about finding a job or paying their taxes in April, Obama is worried about getting reelected. Two years out, the president is already planning his 2012 campaign strategy. The man he's put in charge is someone you've probably never heard of before.

His name is Jim Messina and he's one of the president's most trusted cronies. He's a cross between Rahm Emanuel and Patrick Gaspard. Like Emanuel, Messina is a profane, hard-hitting politico who tolerates no disloyalty or incompetence. He and Rahm are good friends. But like Gaspard, Messina keeps an extremely low profile. He rarely does press interviews and is never seen giving his opinion on cable news. He's known around the White House as one of Barack Obama's "fixers".

One of his sneakiest attempted "fixes" was for Obama's health care reform. Last April, Messina and his former boss Sen. Max Baucus convened a meeting with PhRMA, the lobbying arm of pharmaceutical companies. The doors were shut so no one really knows what went on. But by the end of the gathering, Messina had worked out a deal in which PhRMA would spend $24 million on advertising campaigns in support of reform.

But despite his behind-the-scenes work, Messina goes for the jugulars of his political opponents. In 2005, he was responsible for the Democratic campaign against President Bush's proposed Social Security reform. Messina's main message was that Bush's plan would cut benefits. It was an egregious lie, but it worked and the whole initiative went up in smoke. Today, thanks to Messina, Social Security is slated to go bankrupt in 2037.

Messina will run a dirty campaign in 2012, but he won't be alone. Anita Dunn, former White House communications director and Mao Tse-Tung enthusiast, will reportedly be "intimately involved." So will political director Patrick Gaspard, and all his ACORN and SEIU friends. David Axelrod will be dispatched to Chicago to mastermind the "Reform" campaign (you can't do Change when you're the sitting President) and Valerie Jarrett will head up Special Ops at the White House.

Confirmed: Obama's America to collapse under the weight of its debt

Here at Obama Watch News, we've been warning for months that America is going to cave in under the trillions in debt caused by Barack Obama's reckless spending spree. Now, with Greece facing its own ominous debt crisis that threatens to destabilize the entire country, the media is starting to wake up.

The Associated Press has a fascinating article out that confirms everything we've been telling you.

"It’s bad enough that Greece’s debt problems have rattled global financial markets. In the world’s largest economic and military power, there’s a far more serious debt dilemma.

For the U.S., the crushing weight of its debt threatens to overwhelm everything the federal government does, even in the short-term, best-case financial scenario _ a full recovery and a return to prerecession employment levels.

The government already has made so many promises to so many expanding “mandatory” programs. Just keeping these commitments, without major changes in taxing and spending, will lead to deficits that cannot be sustained."

Even the liberal media is starting to see the truth. How bad is it? Currently Obama's government owes more money than actually exists in terms of paper dollars. In other words, it's physically impossible for the United States of America -- the most powerful nation on earth -- to pay off its own debt.

Barack Obama came into office blaming George W. Bush for his debt problems. He then went on a spending spree, increasing funding to every worthless social program imaginable and creating plenty of new ones. His most recent budget spends more than $3 trillion in taxpayer money that doesn't exist. Congress had to raise the debt ceiling from $12.4 trillion to $14.3 trillion just to pass it. And America's most important entitlement, Social Security, is in massive debt and scheduled to go bust in 2037, twenty years earlier than was initially predicted. A nation built on a bubble of debt will eventually see it pop. It's time to start asking the question: Can America survive Barack Obama?