I hope this site actually works. I am glad someone is intelligent enough to realize the crisis our country faces. We are almost as bad off as Greece. Greece deficit vs. GDP is 118 percent. The USA by the end of 2010 with be 92 percent vs GDP. Our country is near bankruptcy. Every one in the United States needs to go to this website, Watch the video and VOTE !!.. Hopefully it will work and will get something done in Washington and hold our leaders accountable. YOUCUT – Visit it NOW !! Click Here
Posts Tagged ‘economy’
I read in the media that the politicians in power keep saying that the recession is over and the economy is recovering. I just can’t understand how they come to that conclusion as everything else I read points to the opposite.
The one thing the media is reporting is consumer spending is up. Of course it is, everyone is getting their tax refund right now and are buying something they would otherwise not be able to afford. It happens every year at this time then slows down again.
The politicians were happy that only ### thousand people lost their job last week and that unemployment is still around ten percent. They are happy about that? What about the 8 million that are still unemployed? What about those thousands that just lost their jobs?
The politicians don’t have to worry about where their next meal is coming from or how they will pay for those medications for the month, they just want to feed us the spin that the economy is recovering and things are looking rosy so they all high five each other. Well, things aren’t rosy and whatever economic recovery we are starting to experience will be ended when the commercial real estate crisis is in full swing and hits us like a ton of bricks along with consumers being faced with high gasoline prices…again.
What happened the last time gas reached $3 a gallon? People stopped spending as much because they lost the extra money they had when gas was reasonable under $2.50 a gallon.
What happened when it reached $4 a gallon? They quit spending on all unnecessary items, which in turn caused businesses to go bankrupt, etc.
Well, I keep hearing that gas is on its way back to $4 a gallon by summertime, how they can predict this is beyond me other than they know that nothing has been done about the Commodity Futures Modernization Act of 2000 and speculators driving it up since the last time gasoline reached $4 a gallon. Too many politicians friends making money hand over fist for our representatives to do anything. If you look back at when oil and gasoline prices started going up, it was right after the Commodity Futures Modernization Act of 2000 took effect when it opened the door for speculators driving the prices up just in time for the 2 oil men in the White House, Bush and company, to start making money hand over fist at the expense of the consumer (us) and it has been going on ever since. Of course the stock market was up today and it wasn’t a surprise to see Chevron and Exxon stock going up and up. Ever wonder why that is? I just wonder if they will have another record year at our expense?
Moving on to banking, the regulators just shut down another bank, the 42nd failure of this year. I thought the recession was over. Here is the link for the article about the latest bank failure. Here is the link for the bank closures since 2000. Notice all of the banks closing starting in 2008 to present.
The media and politicians keep shoving the news down our throats that the recession is over thanks to the massive bailouts and stimulus spending and then I see headlines like this one, “Gold settles at four-month high as recovery concerns resurface” and the end of recession talk just doesn’t make sense to me.
When the AIG, wall street and bank fiasco first surfaced along with the political cries of action when gasoline reached $4 a gallon, we heard from most politicians about reform for wall street, reform for the banking industry and reform for the commodities market to stop speculators. Those politicians that were shouting the loudest are now in office and they haven’t done sh*t to reform the problems which means more trouble in the future.
I read another article (link here) about banks still fudging their debt to make them look more fiscally sound than what they really are and nobody is concerned about it now until they need another taxpayer bailout with congress going through the motions of appearing outraged to garner votes the next time they are up for re-election and not really giving a damn or doing anything about the root of the problem.
The people that are the backbone of our nation (each one of us that works hard at our jobs for just enough to barely survive but too much to qualify for a government handout) are constantly getting screwed by the politicians that promise to represent us while lining their pockets with money along with the big wall street banking ceo types with their outrageous bonuses because our representatives fail to look out for us and truly reform the things that need it so badly.
I hope anyone that reads this vote against every incumbent the next time they are up for re-election. Now is the time to raise hell and demand better for each of us.
I agree 100 % with this article. Government needs to repeal the Commodity Futures Modernization Act of 2000 which allows for speculators that drive up the price of oil. Oil changes hands so many times on paper/electronic trading before it reaches the refinery that it is ridiculous and it is all to make a buck at the expense of the consumer. People need to write their representatives, not emails, about this unless you like paying $4 a gallon of gasoline and high heating costs.
Drill Now? Try Regulate Now.
Printed in The Wall Street Journal, page A13 Write to email@example.com.
By the standards of Washington, President Obama’s decision last week to open new areas off the nation’s coasts to oil drilling was something of a master stroke. With one deft move he both swiped a strong Republican issue from 2008 and defied environmentalists, an element of his coalition that is roundly despised on the right. The president also extended a hand to the people he trounced in the health-care debate, setting the stage for possible acts of bipartisanship in the future.
For a city that regards this kind of calculated “pivot” as the noblest form of statesmanship, the announcement was almost Clintonesque in its brilliance. Triangulation is back and the cherry trees are a-bloom as though in celebration.
The actual results of the offshore drilling itself are secondary considerations, if they come up at all. Essentially, we are going to allow drilling off the coast because “drill here, drill now” was a slogan that polled well during the last presidential campaign—which unfolded, you will recall, as gasoline prices were hitting $4 a gallon.
Now, I don’t know whether offshore drilling will be an environmental catastrophe; maybe if it’s done carefully everything will be fine. And while ending our dependence on OPEC would be a marvelous thing, I have no idea whether offshore drilling will do much in that regard.
But I have my doubts. “Drill here, drill now” was itself a purely political gesture, not a real solution to the problem. It was a way of pinning blame for the insane price of gasoline on liberals, who, according to legend, hold squishy pink ocean creatures in higher esteem than American consumers. Those who popularized the phrase were not asking us so much to resolve the energy question as to spit a little hate at an ugly stereotype.
But if what the president wants to do is to make sure that another oil shock of the 2008 variety doesn’t happen again, this is not the way. After all, oil didn’t zoom to $147 per barrel in ’08 and then plummet to $35 the next year because OPEC declared an embargo and then suddenly lifted it. Nor did it happen because Chinese motorists decided en masse to junk their cars.
We may never know for sure the combination of circumstances that brought on the energy crisis of that year. But one factor was almost certainly the Commodity Futures Modernization Act of 2000, which allowed unprecedented levels of speculation in oil futures by investment banks and pension funds, bringing the familiar boom-bust cycle home to the gas pump.
To understand this we need only turn to the business section of the Washington Post on the very day that Mr. Obama’s new offshore drilling policy was announced. There, reporter David Cho described the history of the deregulatory measures, their probable effect on the zany oil-price swings of recent years, and the low-profile battle that is currently under way at the Commodity Futures Trading Commission (CFTC) to re-regulate energy markets. If the Obama administration succeeds in bringing oil prices under control, this is where they will do it.
“Wall Street failed America,” CFTC Chairman Gary Gensler told Mr. Cho. That comment could apply to countless aspects of the economy these days. “And Washington’s regulatory system failed America. And if we don’t fix it, it’s going to happen again.”
The essential similarities between the oil fiasco and the larger financial crisis are striking. Both episodes showed us the same cast of characters—Goldman Sachs, AIG and the rest—taking advantage of deregulation.
And the whole rotten thing was then defended by the same bunch of free-market wise men, who brushed off doubts with a condescending laugh and a snort of indignation. How little critics know about the fantastic complexities of markets. And how arrogant they are as they threaten our freedom to speculate.
But the heyday of that perfect faith is behind us now. Today we must answer this question, put to me by hedge fund manager Mike Masters, a well-known critic of commodity-market deregulation: “How long is the lady in Maine supposed to pay higher prices for her heating oil to accommodate the asset allocation needs of the world’s pension funds?”
And how long are the rest of us supposed to sit passively as we watch gas prices zoom up again? Countries have fought wars for oil, but what is required of us is that we dump the shibboleths of the last 30 years. We should drill if we must, but the best slogan would be: Regulate here, regulate now!
MEDICARE REIMBURSEMENT RATES 2010 Update 08: The House passed legislation
(H.R.4851) to delay until 1 MAY the 21% cut in Medicare payments to
doctors now scheduled for 1 APR and forwarded the bill to the Senate. The intent
was to allow more time for Congress (which went on a two-week recess 26 Mar) to
work out a longer-term fix. But a Senate effort to approve the bill quickly by a
“unanimous consent” procedure hit a snag when Sen. Tom Coburn (R-OK) refused to
consent. Under Senate rules, any senator can object to bringing a bill to the
floor for action. Coburn objected on the grounds that the cost of the bill is
not offset by other spending reductions. Senate leaders could not work out an
agreement on 26 MAR, the last day before their scheduled two week Easter recess.
Thus, the 21% cut will take effect prior to their return on 12 APR. Ironically,
the Senate already passed a six month fix two weeks ago (H.R.4213), but the
House didn’t agree with the funding for the bill and in turn passed only a
Failure to reach an agreement on an extension on the eve of the
congressional two-week Easter recess could prove detrimental to
Medicare beneficiaries even if Congress applies a retroactive solution when they
return in mid-April. Doctors have become weary of the increasing number of
short-term patches applied by Congress rather than a long-term solution. Some
are already limiting the number of patients who use these programs.
Congress has to find a way to end these monthly crises under which
millions of Medicare beneficiaries are held hostage to the
prospect of devastating payment cuts that will cause their doctors to stop
seeing them. [Source: MOAA Leg Up 26 Mar 2010 ++]
HEALTH CARE REFORM Update 25: National health care reform has a key new
benefit for families that will not apply to military families enrolled in the
Tricare health insurance program. A key expansion of benefits in the Patient
Protection and Affordable Care Act, H.. 3590, is a requirement for health
insurers to cover unmarried children up to the age of 26 who are carried on the
policy of a parent. This change, like the rest of the bill, does not apply to
Tricare, according to Defense Department and congressional sources. But
congressional aides, speaking on the condition of anonymity, said several
lawmakers have begun investigating how to alter Tricare so that it also covers
older children who do not have their own coverage. A change is being considered
for inclusion in the 2011 defense authorization bill, which the House and Senate
armed services committees will begin writing later this year. Currently, Tricare
covers unmarried children up to age 23 if they are attending college or up to 21
if they are not. Tricare spokesman Austin Comacho said he could not give a
definitive statement about whether Tricare’s age limit for children would be
changed. “The only thing we can be sure of is that there will be no adverse
impact to our beneficiaries,” he said.
Robert Gates, Secretary of Defense, released a statement on 21 MAR2010
which stated: “Our troops and their families can be re-assured that the health
care reform legislation being passed by the Congress will not negatively impact
the Tricare medical insurance program. In the interim, Rep. Martin Heinrich
(D-NM) introduced a bill on 25 MAR that would extend TRICARE health coverage to
dependent children from age 23 to age 26. The Comptroller estimates this
additional cost would be in excess of $600 million per year. The TRICARE
Dependent Coverage Extension Act (H.R.4923), would require Defense to provide a
key benefit created by the Patient Protection and Affordable Care Act President
Obama signed into law which allows parents to keep dependent children on family
health insurance plans up to age 26. TRICARE is governed by Title 10 of the U.S.
Code and is not affected by the new health care law. H.R.4923 would amend Title
10 to reflect the new requirement, which would take effect 1 OCT 2010. [Source:
NavyTimes Rick Maze & GovExec.com Today articles 22 & 25 Mar 2010 ++]
HEALTH CARE REFORM Update 26: Here are the effective dates of major
provisions of the health care overhaul legislation approved 21 MAR:
90 days after enactment:
• Provide immediate access to high-risk pools for people with no insurance for
at least six months because of pre-existing conditions.
• Impose a 10% excise tax on indoor tanning for services provided on or after
1 JUL 2010
Six months after enactment:
• Bar insurers from denying people coverage when they get sick.
• Bar insurers from denying coverage to children with pre-existing conditions.
• Bar insurers from imposing lifetime caps on coverage.
• Require insurers to allow people to stay on their parents’ policies until
they turn 26.
Nine months after enactment – 50% of the donut hole will be covered. Eventually,
the health care reform bill will close the donut hole entirely
Within A Year:
• Provide a $250 rebate this year to Medicare prescription drug beneficiaries
whose initial benefits run out when they enter the donut hole.
• Require new insurance policies to cover certain preventive-care measures
with no out-of-pocket cost to the consumer.
• Require Insurance companies to stop imposing lifetime coverage limits on
• Sharply limit annual caps on your insurance.
• Require Insurers with unusually high administrative costs to offer rebates
to their customers, and every insurance company has to reveal how much it spends
• Require individual and small group market plans to spend 80% of premium
dollars on medical services. Large group plans would have to spend at least 85%.
• Taxes begin being levied on drug manufacturers.
• Physicians’ Medicare fees will be cut more than 25% unless the sustainable
growth rate is permanently repealed by Congress; –
• Initiate Medicare bonus of 10%over five years for primary care and general
surgery (family medicine, internal medicine, geriatrics and pediatrics)
2012 – Businesses must file Form 1099s for all business-to- business
transactions of $600 or more.
• Increase the Medicare payroll tax and expand it to dividend, interest and
other unearned income for singles earning more than $200,000 and joint filers
making more than $250,000.
• Require public reporting of physician performance to begin.
• Begin testing Medicare pilot programs care payments based on “quality over
quantity” of services rendered.
• Make fewer medical expenses tax deductible.
• Raise wage taxes from 1.45% to 2.35%; – New tax of 3.8 percent levied on
unearned income streams like interest and dividends; – New tax of 2.9 percent
on medical device sales.
• Provide subsidies for families earning up to 400% of poverty level,
currently about $88,000 a year, to purchase health insurance.
• Require most employers to provide coverage or face penalties.
• Require most people to obtain coverage or face penalties for noncompliance.
• Create state insurance exchanges for individuals and small businesses to
• Prohibit Insurance companies from denying coverage for pre-existing
• Expand Medicaid to all Americans under age 65 earning up to 133% of the
federal poverty level.
• Increase Subsidies for some small business providing coverage to employees.
2015 – Initiate independent Payment Advisory to make recommendations for cutting
• Penalties for individuals refusing to purchase insurance rise to 2.5% of
taxable income or $695, whichever is greater.
• Multi-state compacts allowed to sell policies across state lines
2018 – Impose a 40% excise tax on high-end insurance policies.
2019 – Expand health insurance coverage to 32 million people.
[Source: Speaker of the House, Congressional Budget Office, Kaiser Family
Foundation via McClatchy Newspapers article 21 Mar 2010 ++]
HEALTH CARE REFORM Update 27: The Obama Administration’s health-care reform,
which passed 219-212 in the House of Representatives 21 MAR and has been signed
into law by the President, will lead to significant changes in the way millions
of people find and buy health insurance. Advocates for consumers and patients
hailed the overhaul’s passage. “While the new reforms won’t solve all the
problems in our nation’s broken health-care system, they will go a long way
toward achieving the goal of affordable, reliable health care for all
Americans,” Jim Guest, chief executive of Consumers Union, said in a statement
after the vote. Immediately following President Barack Obama’s signing of the
bill 12 states filed a lawsuit challenging several provisions of the new law.
The suit alleges, among other things, that unfunded state Medicaid mandates and
forcing individuals to purchase health insurance are unconstitutional. The
lawsuit was filed by the participating states’ attorneys general and names the
U.S. Departments of Health and Human Services, Treasury and Labor. States
joining in the lawsuit include Alabama, South Carolina, Florida, Louisiana,
Nebraska, Texas, Michigan, Utah, Pennsylvania, South Dakota, Washington and
Colorado. In the interim here’s an outline of what you can expect depending on
your employment, income, health and lifestyle factors. The exact timing of
several provisions has yet to be determined:
• If you have employer-sponsored coverage: Any lifetime caps on how much your
health plan will cover, often set between $1 million and $5 million, will be
eliminated in both group and individual health plans starting later this year.
Employers will have to disclose the cost of workers’ health coverage on their
W-2 tax forms starting in 2011.
• If you have a small business: Small firms starting this year may be eligible
for new tax credits that would cover up to 35% of health-insurance premiums for
businesses that have fewer than 25 employees. Workers at small businesses
eventually will be able to buy policies on new health-insurance exchanges, where
health benefits will have to meet a new minimum standard.
• If you’re uninsured: Over the next 10 years, the bill will extend coverage
to an estimated 32 million people who would otherwise lack coverage. It does
this by expanding the government safety net and providing subsidies for low- and
moderate-income people without employer health benefits to buy private plans on
health-insurance exchanges, which are due to start in 2014. For the first time,
all citizens and legal residents will have to buy health insurance — with
financial aid from the government if they can’t afford it, on a sliding scale up
to 400% of the poverty line — or face a penalty starting in 2014, with some
exceptions for low-income people. The amounts are set to rise annually,
beginning with a fine of $95 or 1% of income, whichever is greater, and growing
to as much as $695 or 2.5% of taxable income by 2016.
• If you’re low-income: The law significantly expands Medicaid, the
federal-state health program for the poor, making it available to an estimated
16 million more people with incomes up to 133% of the federal poverty level.
Adults without dependent children will qualify for the first time. In addition,
community health centers, on which many of the working poor rely, will receive
• If you’re a young adult: Starting six months after enactment, kids can stay
on their parents’ policies until age 26. Individuals younger than 30 who don’t
have insurance also will have the option of buying catastrophic coverage on the
exchanges, according to the Kaiser Family Foundation.
• If you have a flexible-spending account for health expenses: Nothing changes
for three years. A $2,500 cap on contributions to these accounts, which allow
users to sock away money pretax to spend on qualified health expenses, appears
likely to go into effect in 2013. The cap will receive annual cost-of-living
• If you have a health savings account (HSA) or Archer medical savings
account: In 2011, the penalty for withdrawing funds for nonqualified medical
expenses increases to 20% from 10% for HSAs and from 15% for Archer MSAs.
• If your earned or investment income exceeds $200,000: In about two years,
the Medicare payroll tax will rise nearly 1 percentage point to 2.35% on wages
of individuals with earnings greater than $200,000 and married couples earning
more than $250,000. A new 3.8% Medicare tax will be levied on investment income
including interest, dividends and capital gains that exceed those thresholds.
• If you itemize deductions for income tax: Starting in 2013, medical expenses
have to reach 10% of your adjusted gross income to qualify for a tax deduction,
as opposed to today’s 7.5% standard. But seniors age 65 and older would be able
to claim an itemized deduction at 7.5% of income through 2016.
• If you have high-cost health insurance: A so-called Cadillac tax of 40% on
plan administrators offering the richest job-based health benefits will take
effect in the next few years and apply to the amount of annual premiums
exceeding $10,200 for individuals or $27,500 for families. The thresholds are
higher for retirees and workers in certain high-risk jobs.
Medicare, preventive care and tanning
• If you have Medicare: This year, beneficiaries with the Part D drug benefit
who fall into the coverage gap that for 2010 is between $2,700 and $6,154 of
spending will receive a $250 rebate. In 2011, those who hit the gap will receive
a 50% discount on their brand-name drugs. The so-called doughnut hole gradually
will close by 2020.
• If you take advantage of preventive care: Full coverage for some services is
slated to take effect in six months. At that time, all new insurance policies
will have to make certain preventive-care visits and screenings exempt from
health plans’ deductibles and other cost-sharing.
• If you go to a tanning salon: A 10% excise tax on indoor tanning may kick as
early as this summer for services provided on or after 1 JUL 2010.
[Source: Wall Street Journal MarketWatch Kristen Gerencher article 22 Mar 2010
I read this article and couldn’t believe the reasoning behind the latest crude price increase. It just screws us all and puts a drag on the recovery so speculators can make a killing thanks to the fed keeping interest rates low causing a weak dollar.
I’m thinking the Fed should raise the interest rates a little as low rates keep the dollar weak but creates higher oil and gasoline prices which put a drag on consumer spending which in turn keeps job increases low as companies don’t need to hire because there isn’t any consumer demand because there is no spending. If the dollar is strong, oil/gasoline prices decrease giving more money to consumers to make purchases. This latest increase in oil and gasoline on the market seems to be speculators since the dollar is weak, there is a surplus of crude inventory and weak job news and they just blow it off. They just want to make money so they are driving up the cost. Just my opinion.
Oil rises near $84 with weak US dollar
Oil settles near $84 as dollar weakens and investors shrug off weak employment report
Deborah Jian Lee, AP Energy Writer, On Wednesday March 31, 2010, 3:17 pm EDT
Oil prices rose near $84 a barrel Wednesday as the dollar weakened and oil traders shrugged off weak job news and a bigger-than-expected build in crude inventories.
Benchmark crude for May delivery climbed by $1.39 to settle at $83.76 on the New York Mercantile Exchange.
“The bottom line is this is just a market that’s advancing in a relatively thin pre-holiday atmosphere,” said oil analyst Jim Ritterbusch. “The market is zeroing in on the fact that the dollar is weak.”
Even a surprisingly poor jobs report didn’t pull down oil prices. Payroll company ADP said employers slashed 23,000 private-sector jobs in March. Economists surveyed by Thomson Reuters forecast the report would show employers added 40,000 jobs during the month.
“This bad employment report reinforces the notion that interest rates will stay low for a longer period of time, thereby putting downward pressure on the U.S. dollar and upward pressure on oil prices,” said Phil Flynn, an analyst with PFGBest.
Flynn expects the Fed will not raise interest rates until the job market improves. The weaker greenback makes crude oil cheaper for holders of other currencies.
Crude prices trimmed some gains after the Energy Information Administration said crude inventories rose by 2.9 million barrels last week. Analysts expected a build of 2.65 million barrels.
Meanwhile, President Barack Obama said there should be more oil and gas drilling off the East Coast, in the Gulf of Mexico and in waters off Alaska. The plan modifies a ban in place for more than 20 years that limited drilling along coastal areas other than the Gulf of Mexico.
Flynn called the news “a very positive long-term story for the oil markets,” but said it’s too far into the future to move oil markets today.
A number of energy companies could eventually be involved in the new offshore areas, although investors did not rush to buy shares, many of those companies showed modest gains. The AMEX Oil Index, comprised of a dozen major oil companies and refiners, rose about five points, or a half of a percentage point. The Philadelphia Oil Service Sector Index, which tracks shares of 15 companies in that sector, gained more than 1 percent.
At the pump, retail gasoline prices edged up. The national average rose less than a penny to $2.798 a gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular unleaded is 9.3 cents more than it was a month ago and 75 cents above the price a year ago.
In other Nymex trading in April contracts, heating oil rose 3.99 cents to settle at $2.1646 a gallon, and gasoline gained 3.53 cents to settle at $2.31 a gallon.
Wednesday is the last day for trading the April heating oil and gasoline contracts, and most traders have switched over to May contracts. May heating oil rose 4.74 cents to settle at $2.1790 a gallon, and May gasoline added 3.51 cents to settle at $2.3072 a gallon.
Natural gas for May delivery fell 10.4 cents to settle at $3.869 per 1,000 cubic feet.
In London, Brent crude rose $1.42 to settle at $82.70 on the ICE futures exchange.
Associated Press writers Pablo Gorondi in Budapest, Hungary and Alex Kennedy in Singapore contributed to this report.
This is a note found posted on Facebook
Health Care bill passes, what a sad time for our country. My rant.
Today at 12:58am
I hope our country survives. Our representatives that won’t listen to us, will not reply to us, have voted to pass this supposed health care reform. I am ashamed of it, but I am registered as a Democrat. I believe in helping my fellow man but this is ridiculous. This bill is not reform. It does nothing to address the rampant prescription drug costs or the ever increasing insurance premiums or any other aspect of the health care industry that is the true cause of the health care crisis. All this bill does is expand medicaid with taxpayer money and special pork projects, such as a new multi billion dollar medical center for UConn.
Here is an article listing some of the pork. http://abcnews.go.com/Business/wireStory?id=10091470
‘The Senate-approved health measure lawmakers hope to send to Obama soon would steer $600 million over the next decade to Vermont in added federal payments for Medicaid and nearly as much to Massachusetts.
Connecticut would get $100 million to build a hospital. About 800,000 Florida seniors could keep certain Medicare benefits. Asbestos-disease victims in tiny Libby, Mont., and some coal miners with black lung disease or their widows would get help, and there are prizes for Louisiana, the Dakotas and more states.
“We’re going to do what we have to do to get a bill out of the House and Senate,” said James Manley, spokesman for Senate Majority Leader Harry Reid, D-Nev. As for Obama’s wish list of deletions: “We’ll certainly keep it in mind as we pull together a final bill.”‘
Now, what pisses me off is the fact that this bill just throws more money at medicaid, expanding is drastically and cutting medicare payments to providers. What does this mean for us? Insurance companies determine their payments to your doctor and health care providers based on the medicare amount. If medicare payments are cut, your insurance will pay less to your doctor/health providers giving you a larger bill to pay after your co-pays. Plus, many economists/mathematicians have stated the so-called reductions to pay for this pork-filled bill will only cover a small percentage of what this bill will cost. What does this mean? Taxes for the working class will eventually be increased to pay for the cost. Our taxes will increase. The only good thing about this bill is the fact that those with pre-existing conditions cannot be denied and it increases the lifetime amount of your benefit your insurance company has to provide you. Other than that, it is not reform. With less money being paid to providers by medicare and the insurance companies, some will close their practice, lay people off, etc. This bill doesn’t take into account its consequences. It was just thrown together and shoved down everyone’s throats just so the democrats can give themselves a pat on the back and have a “talking point” to try to win re-election. what a crock.
So, now comes my rant. My wife, who works for a health care provider, was told they will face layoffs if this bill is passed or if the medicare payments are cuts. I’m hoping my wife can keep her job.
BUT, what pisses me off is the fact that I have a job. It doesn’t pay much and for a family of four, well really barely make it. In fact, with the increase in our last electric and gas bill, I didn’t have enough to pay my van payment. Now it is going into the repo stage because at midnight on the 23rd, it will be officially 2 months behind. I don’t have the money for it because the rent is due out of my next check. I don’t qualify for any help because I make just a little too much.
I feel that I work hard in a stressful job for my money to try to raise my family but what pisses me royally are the people that make welfare a career. They are too lazy to work. The most are able bodied but won’t work or are too damn stupid to get a job and we pay for them and their big screen tv’s. Our taxes give them money to “live on” every month, food stamps for their food (they eat better than me), pays their rent each month, clothing vouchers, utility assistance,free school lunches and free, 100 percent with no co-pay medical insurance and our government representatives just made this group of people bigger by passing their bill.
These people have better stuff than I do. Better cars, bigger TV’s, better clothes, better cell phones and service plans and the list goes on and they do it by screwing the system and lying about everything on the government forms. The so-called welfare reform under Clinton did nothing. You still get more money every time you breed with the childbirth bills paid in full. You still get to collect your check after the “3 years” passes. I am just fed up.
Case in point, a woman who lives in a government housing development calls for a police officer because she and her boyfriend (who isn’t on the lease but has been living with her for the last 3 months) are in an argument because he has been drinking. He gets angry and throws her cell phone into the big screen tv breaking it. She is upset because the small child they have together (paid for by taxpayers) had to witness this argument and her tv and cell phone is busted. She called on her apartment land-line phone for assistance. He then leaves in his car (with out of state plates because that state doesn’t require vehicle inspections.) She wants a report because the tv is a rental and she will have to have a report for the rental company.
Hell, I can’t afford a land line phone at my house, I’m lucky to make the monthly rent payment, utility payments, auto insurance payments, car payments,etc. After paying, or trying to pay all of my monthly bills, I’m lucky to afford food let alone new clothes, TV’s, electronics, etc. This is what pisses me off and our representatives just added to it.
I’m sorry but this to mean does not seem fair and I am voting against my representatives the next time they come up for re-election. Senator Rockefeller and Congressman Mollohan do you hear me now???
I just don’t think this is reform at all, it is just more government spending and with all of the spending in the last ten years by our government, we can’t afford this. We are going to be in the same boat that Greece is in very soon. Our debt vs our GDP is getting closer and closer which basically means we are on the brink of bankruptcy. Ok, I think my rant is over.
This video explains how the Fed and the Bankers have rigged the game to screw the taxpayer!