Tuesday, October 29, 2013

Obama administration knew millions would lose Healthcare due to Obamacare

"If you like your current healthcare plan you will be able to keep it.  Let me repeat that.  If you like your current plan you can keep it."  Famous words from President Barack Obama.

His response to the fact that so many Republicans were saying otherwise.  Many Republicans were saying repeatedly that millions would be terminated from their current insurance plans.

Well it seems that the Republicans were correct.  Now it comes out that President Obama and the administration actually new this was true and that millions would be dropped from their coverage.  So simply put.  President Obama knowingly lied.  And did is several times. 

Surprise.  More useless words from Obama.

Friday, October 25, 2013

More bad news for Obamacare as 300,000 lose coverage in Florida

As if the Obamacare fiasco could not get any worse, it certainly can.  Forget the fact that the website simply does not work and very few are able to sign up at all.  Forget the fact that premiums are higher than anyone ever thought.  Forget the fact that deductibles are through the roof.  Now 300,000 people in Florida found out today that they are losing their insurance.

These are Americans that were already insured.  Now because of Obamacare requirements they are losing their insurance coverage.  Obamacare is requiring more.  Now these people that were happy with their current health insurance are going to have to go find new insurance from some source and that new health insurance will have higher premiums and much higher deductibles.

So much for affordable healthcare.  So much for "every American can keep their current insurance if they choose"  as President Obama promised.  Just another example of Obamacare gone bad.  Just wait.  The bad examples will keep coming too.

It is becoming increasingly clearer everyday that the current administration did not and is not telling the truth on Obamacare.

Sunday, October 20, 2013

Food Stamps are out of Control

There is no other social welfare program growing faster than food stamps.  President Obama has expanded the program at an alarming rate adding tens of millions of dollars to our monstrous national debt. During the Obama presidency, enrollment has increased from 31 million to 46 million Americans. Budgeted spending for the program is now at $78 billion per year.

“This program has expanded rapidly over the last decade in a way that is not justified by the recession that we went through," said Michael Turner, a senior fellow at the Cato Institute. “Increase in both participating and spending were bigger during this recession than in previous ones.”

The study notes that most SNAP participants are enrolled in the program over a significant period of time. Only 10% of participants are enrolled in the program for less than six months, and 56% of participants have been enrolled in the program for over five years.

That's right.  Over five years.  Those aren't needy.  Those are habitually lazy.  Socialist programs like food stamps do not promote social progression.  Instead they promote laziness and lack of productivity.

The Cato Institute study reports that 17% of participants are living above the poverty line, but the real world usefullness of the poverty line formula has long been debated.  It is time for Americans to once again take responsibility for themselves rather than have an inefficient government provide for them.  Our great nation was built on hard work not laziness.

Saturday, October 19, 2013

Obamacare forcing thousands to lose health insurace as companies cancel policies

Health insurance companies are sending notices of cancellation to hundreds of thousands of people who buy their own coverage, frustrating some consumers who want to keep what they have and forcing others to buy more expensive policies.
Insurers say the cancellations are necessary because the policies fall short of what the Affordable Care Act requires starting January 1. Most are ending policies sold after the law passed in March 2010. At least a few are canceling plans sold to people with pre-existing medical conditions.
By all accounts, new policies to replace the canceled ones offer consumers better coverage, in some cases for comparable cost, especially after the inclusion of federal subsidies for those who qualify. They cover 10 “essential” benefits the law now requires, including prescription drugs, mental health treatment and maternity care, and they generally have lower thresholds for what consumers will have to spend before the plan picks up the full cost of treatment.

Wednesday, October 16, 2013

Bill Maher doesn't think there is a spending problem and has no problem with the national debt

I know people love Bill Maher, but anyone who watched his latest episode of Real Time with Bill Maher had to be left shaking their heads.  I know I was floored by some of the quotes I heard from the liberal thinker.

Let me throw a few at you from the episode:

Bill Maher said "You should look at why the debt is going up."

To which author Carol Roth responded "It is going up because the government overspends."

To which Maher responded "The government is not overspending."

Seriously?  That's the problem with Democrats.  They just want to spend and spend.  Meanwhile, our national debt is increasing by over a trillion dollars every single year.  President Obama, in his five years, has added more to our national debt than every single President in our history combined!

We don't have a spending problem?

So Carol Roth replied "If we didn't overspend we would not be hitting the debt ceiling."

Bill Maher laughed and said "There's always going to be debt. Are you suggesting we should not have debt?"

Ummmm yes.  How nice would it be to have no debt?  Not owe anyone a single dollar.  Isn't that one of the goals of the American Dream for individuals?  Have no debt.  Live free and clear.  At least we could do with a bit less than the whopping $18 trillion we already have which is still rising.

Not for Bill Maher and the Democrats. Spend and run up that debt.  Now approaching $18 trillion.  Now that we have Obamacare the debt is only going to increase at a greater rate.  All these free Obamacare subsidies?  Straight from the American taxpayers and right onto the national debt.  But I guess according to Bill Maher, our national debt of $18 trillion is not a problem.

Tuesday, October 15, 2013

The Real Math of Obamacare

You’re not exempt from math if you’re a Republican, and you’re not exempt from math if you’re a Democrat. You’re not exempt from math if you’re a liberal, and you’re not exempt from math if you’re a conservative. You still have to do math.

Pull your head far enough out of your politics to have an original thought.

January 1st, 2014 every insurance company is required to take on anyone, no matter how sick they are, and they cannot charge them more than someone who is not ill…You're 500 lbs. you have diabetes, you’ve got cancer, you’ve had three heart attacks you’re going to pay the exact same premium as a perfectly healthy person.

I understand the motivation, and the nobility and the moral imperative behind that. I get that. But that doesn’t change the math, the math is that those people get sick more often and run up more medical bills than someone who is healthy. Duh.

Tuesday, October 8, 2013

President Barack Obama - The most Devisive and Worst President in American History

It's a terrible thing to have the absolute worst President in American history at the helms right now.  There has never been a more devisive figure in United States political history, much less the Presidency.

Sure, we have had plenty of political fights over our 250 year history.  Every single time we have had a President skilled enough and willing to sit down and figure things out.  Even though many of those times the President himself might not have come out looking like they won.  President Obama has absolutely zero negotiation skills and absolutely zero interest in moving things ahead.  His only interest is finishing the game in a situation that looks as if he is the winner.

Because of this stubborness.  Because of this lack of understanding of government.  Because of his lack of political skill.  President Barack Obama will be long remembered as the worst President in United States history.

Tuesday, October 1, 2013

The China Real Estate Bubble

The two most troubling things about visiting China are the smog and the scale of the development boom. It is going on everywhere.  Big cities.  Minor cities with little to offer tourists, but it has the provincial government and a big manufacturing base that perhaps can justify so much construction.

The wonderful HBO news show Vice did a very interesting story on the real estate problem in China.  They visited acre after acre of multi-story housing developments that were basically sitting empty and deserted.  Brand spanking new.  The episode is available on youtube.  Check it out.

These apartments are designed for families. A couple's starter apartment will often be three bedrooms; one for the parents, one for the kid, and one for grandma who takes care of the kid while the parents work. We're talking a thousand square feet on average.