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Posts Tagged ‘ObamaCare’

Quick-Hit: The Tax Man Cometh

May 21, 2010 Leave a comment

Today, we learn that Democrats slipped in a stealth provision in the ObamaCare bill that creates mountains of paperwork and new rules for individuals and businesses by expanding the use of 1099 forms.  This covers even Paypal and credit card transactions now – so, get ready to have yet more forms and hassles at tax time.

America could save billions upon billions by getting rid of all these forms and applying a flat tax to everyone, or eliminate the income tax and go to a national sales tax.  The IRS alone consumes billions just to run it the way our tax schemes run now.

Personally, I favor a flat income tax with certain personal exemptions plus a minimum 2% income tax paid by everyone for the first $35k to $50k per year, then a few exemptions for healthcare and interest payments paid on the primary residence, for instance.

See you on the battlefield.

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ObamaCare Warning Coming True…

May 19, 2010 Leave a comment

PRIMER – Please read THIS BEFORE GOING on.

I said it months before and since, that ObamaCare would not deliver what was promised (lower costs, you keep your insurance and etc) and now the evidence is rolling in that I and others have been right all along.

No, You Can’t Keep Your Health Plan – Insurers and doctors are already consolidating their businesses in the wake of ObamaCare’s passage.

QUOTE FROM THE WSJ ARTICLE ABOVE:  One of the few remaining ways to manage expenses is to reduce the actual cost of the products. In health care, this means pushing providers to accept lower fees and reduce their use of costly services like radiology or other diagnostic testing.

To implement this strategy, companies need to be able to exert more control over doctors. So insurers are trying to buy up medical clinics and doctor practices. Where they can’t own providers outright, they’ll maintain smaller “networks” of physicians that they will contract with so they can manage doctors more closely. That means even fewer choices for beneficiaries. Insurers hope that owning providers will enable health policies to offset the cost of the new regulations.

NOTE:  Can you say “rationing of medical care” and  “death panels, without death panels” anyone?

New Trend, Starting In Texas… Texas docs opting out of medicare at alarming rates, threatening healthcare for seniors – coming to a state near you.

Obama’s Health Czar repeats false claims of lower healthcare costs despite government report that says otherwise…

I’ve said before that the true costs of ObamaCare would likely mirror Medicare’s cost overruns, which have been nearly TEN TIMES what advocates of Medicate predicted at the time of debate & passage.

Watch your wallets folks – this is going to get worse before it gets better IF WE DO NOT get rid of Leftist/Progressive Democrats and RINO Republicans who will cave in to Democrat demands to join their cause.

See you on the battlefield.

Quick-hit: ObamaCare Fails – In Europe

May 14, 2010 Leave a comment

For those who have followed the news recently, the federal government has reported its 19th straight month of deficits and tells America the deficit is 4X the 2009 figures.  When will America see budgetary responsibility from Obama and Democrats?

As a backdrop to this blog entry headline, evidence continues pouring in about the dangers and unsustainability of socialized medicine and bloated nanny-state government spending and efforts at societal control.   Here’s the kick-off list:

– Obama is AGAIN bailing out someone…  teachers this time, using funds in an “off the books” maneuver to keep bloated education districts and teachers unions flush with cash;

– Hugo Chavez, Prez of Venezuala, is giving the world a lesson in the ultimate failure of socialism despite his nation’s large oil reserves;

A 2005 US Intelligence Report warned that Europe would experience its current economic demise and needed to drastically cut back social spending.

– The real debt picture and how much the US needs to cut its deficits – the reality isnt pretty!

Now, the world is being exposed to the truth about the failure of the welfare state and we are now being treated to a preview of what awaits America should ObamaCare become firmly entrenched in our entitlement system.

Greece is now the first to be told it must downsize its programs AND PRIVATIZE its healthcare system in order to receive bailout funds from the EU.  The evidence is stacking up and it can no longer be denied that utopian promises of societal bliss are false promises indeed.  With our own Constitution, the government provision of healthcare, retirement and other optional “wants” are in fact very far outside the limited powers delineated in our Constitution.

See you on the battlefield.

ObamaCare Wont Cut Costs – It Will Increase Them!

April 23, 2010 Leave a comment

I have long been warning that this would be the case, and now I can report that I (and others) have been vindicated by a report issued by Obama’s own Health and Human Services Department.

As I read the report and other concurring news articles, I was reminded of the endless claims by Obama, Reid and Pelosi about how their vaunted ObamaCare bill would be a boon for consumers saving them money and expanding care to many otherwise uninsured individuals.

But now, as predicted, we find that the empty claims of Obama and the left will actually result in what I and others have been predicting all along – higher costs, lowered quality of care and less supply of care:

• 1% rise in overall costs for consumers, which is a conservative estimate as the current Medicare cuts are not realistic nor sustainable;

• These warnings about Medicare cuts will become a major political liability for Democrats;

• The Obama Administration complains that these estimates “low ball” the actual savings, when history indicates that government has consistently understated costs by a factor of 9 times;

• Medicare cuts are predicted to drive 15%, or more, of hospitals into debt and jeopardize access to healthcare for seniors;

Somehow in all the discussions and statements, there appears to be a hidden assumption by Obama and his band of do-gooders that the money spent by Americans for insurance and healthcare services is somehow money better spent by government.   Considering governments abysmal record of cost cutting and efficiency, this is a laughable claim at best.

Watch for more analysis to come which will shed light on the ObamaCare health scam in ways that will reveal even more problems for Democrats, who have a habit of over-promising and under-delivering where their grandiose schemes are concerned.

See you on the battlefield.

The REAL COSTS of ObamaCare

March 22, 2010 Leave a comment

Next Stop: State & National Bankruptcy!

Folks, the real cost of ObamaCare is coming… but it is already being felt.  Everyone I know is paying more taxes this year than they did last year.  What has changed?  I still dont have a clear answer on that or what laws have changed to deny people the returns they’ve had in the past.

In a nutshell, here’s what is coming:

* Higher state taxes to pay for the Fed mandates on the states to cover Medicaid 
* Higher FICA taxes on the more wealthy, but rest assured everyone will feel it
* Lower deductions for out-of-pocket medical expenses
* $500 BILLION cut in Medicare (Yes, elderly care will be rationed)
* New investment taxes (which will impact job creation and business starts)
* Higher capital gains & dividends taxes
* Restrictions on healthcare savings accounts (what can be purchased, amounts & etc)
* New limits on employer provided spending accounts (pays co-pays, medicines etc)
* New taxes on everything from tanning salons, to wheel chairs, medical devices and etc

Hail Caesar Obama!

Read more HERE, paying particular attention to the links in the body of the article; and still more HERE.

The intangible cost for America is in our national honor in how we “do” politics and what values are important to our political processes. 

What we witnessed with Pelosi and Reid was an unparalleled demonstration of Chicago-style politics, bribes and Obama bleating to Democrats about protecting his legacy and success.  As such, we have now formally entered into the age of Self-Serving Politics in clear and distinct terms.   Obama has no care for America’s future, but he certainly cares about his legacy and having his ideology forced upon The People whether we want these values and programs or not.  

Democrats believe they know what is best for you, which is the ultimate demonstration of hubris and egotism that I’ve seen in my 45 years on this Earth. 

RECOMMENDATION:  Call your broker instead of Washington and change your investments and 401k’s to move shares OUT OF (i.e. sell off) govt bonds, Goldman Sachs, GE, Microsoft, GM,  UPS and etc. and move those funds to anti-Obama/Dem investments. 

Dont forget what the Demorats have done to America in their quest to re-make this nation into AmeriKa, aka the United Socialist States of America.

The Founders On ObamaCare

March 19, 2010 Leave a comment

As we witness the Marxist-Terrorists known as the Democrats butcher our Constitution and turn the Law of the the land on its’ head, one dominant question is in my mind. 

Does our Constitution allow the Democrats in the Executive and Legislative branches to confer authority upon the federal government to exercise control of our healthcare?

The Founders of this nation and framers of our Constitution were crystal clear about exactly what authority the Feds have, as well as, what limits are placed upon the central government.

James Madison, our Constitution’s primary author, wrote,

“The powers delegated by the proposed Constitution to the federal government are few and defined [and] will be exercised principally on external objects, as war, peace, negotiation and foreign commerce.  If Congress can do whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one, subject to particular exceptions.”

Similarly, Thomas Jefferson asserted:

“[G]iving [Congress] a distinct and independent power to do any act they please which may be good for the Union, would render all the preceding and subsequent enumerations of power completely useless. It would reduce the whole [Constitution] to a single phrase, that of instituting a Congress with power to do whatever would be for the good of the United States; and as sole judges of the good or evil, it would be also a power to do whatever evil they please. Certainly, no such universal power was meant to be given them. [The Constitution] was intended to lace them up straightly within the enumerated powers and those without which, as means, these powers could not be carried into effect.”

Clearly, our Constitution does NOT authorize Congress to nationalize health care, anymore than it authorizes Congress to take over General Motors or any other private entities.

The follow-on question should be apparent: 

At what point will this stop and who will put a stop to it?

The answers to the foregoing question still remain to be seen.  What we do know is that what we are witnessing is unprecedented, highly unethical, very illegal and wholly corrupt.  Do not forget what is happening here.  Next November will be crucial as will the elections in 2012 and beyond.  The Democrats are hoping people will forget their transgressions like they always have, but I’m not so sure their hope will come to pass this time.

Wake up, stay alert and keep your “powder” dry.  We have a constitutional crisis coming, as well as, a deeper dip in the economic cycle that could be the perfect recipe for a larger social crisis that could very likely be seen as an opportunity by our Marxist-Terrorists in the Democrat Party to seize even more power.

See you on the battlefield.

ObamaCare, By The Numbers

March 19, 2010 Leave a comment

The Great Oz-Obama

UPDATE:  Here’s more on the expose’ of ObamaCare – it’s a list of travesties and assaults upon Americans and our Constitution to be sure:  See HERE

================================

My fellow Americans, the ObamaCare disaster is coming closer – if it passes here is a brief “drive-by” of what it means to you and what you MUST be aware of:

  1. ObamaCare will force Americans, i.e. YOU, to buy insurance at a yearly cost for a family of 4 of somewhere between $12,000 to $15,000 a year.   LINK
  2. The CBO process has been so thoroughly “gamed” (aka manipulated) by Democrats, to the point that what the CBO has to say anymore is virtually worthless.   LINK
  3. New total spending:  $1.5 TRILLION for a supposed grand total of $2.4 TRILLION over 10 years (should we believe this “estimate?”)
  4. New taxes:  $500 BILLION
  5. Timing gimmick: 10 years of taxes combined with 10 years of Medicare cuts to deliver 6 years of “benefits
  6. Timing gimmick:  March 2009 baseline is used instead of the March 2010 baseline in order to hide the true costs
  7. Double-counting of funds:  Social Security, Class Act revenues, Medicare cuts, all of which actually equate to more than $433 BILLION increase in the deficit, not a reduction as claimed by the Democrats
  8. Hidden spending:  $70 BILLION in spending to implement the program for the IRS expansion, NHS expansion and etc.
  9. So-called Doc-fix:  This is a separate bill costing $371 BILLION to address the 21% cut in Medicare reimbursement that was scheduled to go into effect
  10.    For items 3 to 9, see this link HERE for more details

The truth of the matter is, America will be creating a gigantic new entitlement program in the midst of an economic crisis AND as America is forced to consider how to pay for Social Security, Medicare and other UNFUNDED entitlements totaling more than $107 TRILLION DOLLARS.

How is America to pay for all this?  Look at the US Debt Clock and ask yourself how can America possibly shoulder all this debt and survive????

Democrats are bankrupting America and they are perpetrating literal financial crimes upon The People… and for what?  In many ways, Republicans share the blame for setting America up for this so we must not turn a blind eye to the GOP’s past antics and policies as the run-up to what we are seeing now.

Stay strong, get involved and remember what America stands for.

See you on the battlefield.