Sunday, August 26, 2012

MediCARE is Raided Over $700 Billion To Pay for ObamaTax


As a reminder, the Obama administration stole the $700 billion from Medicare to pay for their government takeover of the healthcare system without a plan to replace Medicare funding. Despite this fact, team Obama constantly claims ObamaCare will be better for seniors when the opposite is true.

The Congressional Budget Office has confirmed that ObamaTax (also know as the UNaffordable "Care" Act) will raid over SEVEN HUNDRED BILLION DOLLARS from our senior citizens to pay for a disastrous Democrat experiment.  Senior citizens have been paying into MediCARE their entire life, and to now defund MediCARE should be considered a criminal act.  Forget that health care costs and health insurance costs have skyrocketed (with even more velocity than before 2009) over the past three years.  Forget that ObamaTax adds 21 new taxes to an already struggling economy.  Forget that ObamaTax adds an endless bureaucratic maze that includes thousands of new IRS agents to comb through citizens tax returns and medical information.  Remember that ObamaTax cuts over $700 Billion from seniors that have been paying into and depend on MediCARE, and also implements IPAB (powerful unelected officials to further ration and restrain MediCARE spending indicating that it will probably not stop at $700 Billion) and robs benefits that rightly belong to our seniors.

From Heritage:

According to the CBO, the payment cuts in Medicare include:

Obama's Cuts to Medicare:Total Amount Cut by Service:
Hospital Services$260 Billion
Medicare Advantage (MA)$156 Billion
Home Health Services$66 Billion
Skilled Nursing Services$39 Billion
Hospice Services$17 Billion
Medicaid/CHIP$114 Billion
Other Services$33 Billion
DSH Payments$56 Billion

Monday, August 20, 2012

The Democratic Party Consistently Opposes Liberty

The Democrat Party is not "Democratic" at all.  Liberals are not liberal at all.  Progressives are not progressive at all.  The left is only a supporter of personal liberty when it involves terminating an unborn life.  Otherwise, Democrats do not promote or accept any type of "choice" whatsoever.    Liberal means being open to, and tolerant of, other opinions and views.  Classical Liberalism as a political philosophy means limited government and the utmost individual liberty so long as one does not infringe upon another's rights.  The Democrat party and the left wing are not "liberal" in either sense of the word.  Progressive means forward moving and advancing, however less liberty and more government is the opposite of advancement.  If the Democrat Party embraced personal liberty as would traditionally be expected from the left, they would not prevent one from having a choice in ones own medical care; they would not allow the TSA to harass and molest citizens; they would not prevent people from having a choice as to where they or their children attend school; they would not try to prevent freedom of speech just because they are in disagreement with that speech.  The modern Democrat Party in America is no longer Democratic, liberal, progressive, or even leftist:  The modern Democrat Party in America is is Statist and Authoritarian.

Sunday, August 19, 2012

Dodd-Frank Failure

Like most of what Congress does; Dodd-Frank (also know as financial "reform") is a complete and total disaster.  To call it a failure would be too kind.  To call it a failure would imply that it merely does not fix the issue it was intended to remedy.  Not only does this financial deform (certainly not "reform", as reform implies progress) fail to even mention Fannie Mae and Freddie Mac in the lengthy legislation but it also makes the issue of "too big to fail" much worse.  According to a Fitch Ratings study:  Six largest US banks hold about 98% of notional value of derivatives markets.  "Too big to fail" has now become yet another ticking time bomb, just as Nassim Taleb once wrote that "Fannie Mae and Freddie Mac were ticking time bombs", and (unfortunately for us) he was proven correct.  Once again, Congress creates a problem, blames the problem on free markets (economic freedom), divides us by demonizing certain "classes" of people and attempts to divide us against one another's industry (banks, insurers, hedge funds, private equity funds, venture capital funds, coal, oil, natural gas, and of course small businesses), wastes tax dollars that could have created growth in the private sector, and makes the problem considerably worse.