Senator Gregg (R-NH) thank God he withdrew his nomination

On March 27, 2009, Senator Gregg (R-NH) gave the Republican weekly radio address.

This very serious man (fiscal conservative equals serious), this US Senator, this former nominee for US Secretary of Commerce in the Obama administraion, well he just doesn’t get numbers very well.  This stuff isn’t too hard, we aren’t talking about calculus or multi-variable algebra, this is basic arthimetic.

Taking a couple of snippets out of his radio address, transcript via Christian Science Montior.

Lets start with this scariness from Gregg:

“In the next five years, President Obama’s budget will double the national debt; in the next ten years it will triple the national debt.

That is like saying if you have a $10,000 balance on your credit card, it will be $20,000 in 2014 and $30,000 in 2019.

To demonstrate in real numbers, after all we may not know what the current national debt is, we get this information from Gregg about the run up of the debt in the next 10 years.

“His budget assumes the deficit will average $1 trillion dollars every year for the next 10 years and will add well over $9 trillion dollars in new debts to our children’s backs.

Well, we know $9 trillion is a lot of money.  Heck it is more than the amount that increased during the Bush years ~ $5 trillion.  But to put in proper context, we need to know what the current debt is.  After all, if Obama’s budget triples the amount in 10 years and costs $9 trillion over 10 years, then clearly our national debt is $4.5 trillion, right, that is how the math works out.  $4.5 trillion times 3 = $4.5 trillion plus $9 trillion.  I skipped the algebra part and just gave you the answer, but it looks like this:

3x=x+$9 trillion (subtract x from each side)

2x=$9 trillion (divide both sides by two)

x=$4.5 trillion

But, when I go to the US Treasury Department’s to the penny debt clock, it shows $11,043,588,980,678.90 or a tad more than $11 trillion.  Now clearly, you can see where I am going, Senator Judd “can’t do simple math” Gregg is saying that $9 trillion over the next 10 years will triple the debt, when clearly it won’t even double the debt.

I would have to say, that Senator Judd would do well to skip the math portion of “Are You Smarter than a Fifth Grader” because I can’t see him doing well.



I need this job!

Saw this post about health insurance over on Huffington Post, check it out for the full audio clip.

What I found most interesting is this quote from Sean Hannity:

HANNITY: I’m on the Fox Plan and the AFTRA Plan. I have no clue what insurance I have. I don’t have a special health care plan! I have the same plan that you do.

First of all, Hannity lists the two plans that he does have, but then goes on to say he doesn’t know what insurance he has.  Obviously, what he means is he doesn’t know what his insurance covers, which is understandable as he apparently has a 5 year radio contract for $100 million.  At that point he doesn’t need to worry much over what is and isn’t covered by his insurer.  Sadly, I didn’t have that luxury, when I went with the recommendation to get a dental implant, that was not covered by insurance, not even the crown portion of it, so 100% came out of pocket at a total cost of about $5,000.  To someone like me with more modest income, that is not insignificant, I do pay attention to what my health insurance covers, especially the dental side as I had accident with an elbow and my mouth that lead to the dental implant.  It means that I plan out when the surgery will happen to spread out the cost over two years, because I don’t make $20 million per year.  I am guessing most of you readers are in or close to my situation than to Hannity’s.

So for Hannity to go on about health insurance isn’t a right enshrined in the Constitution, maybe he should walk a day in the shoes of average Americans, not someone that doesn’t even need to bother to know what his insurance covers, because he doesn’t have to worry about it.