(Salon) – As we enter our ninth year of the War in Afghanistan with an escalated force, and continue to occupy Iraq indefinitely, and feed an endlessly growing Surveillance State, reports are emerging of the Deficit Commission hard at work planning how to cut Social Security, Medicare, and now even to freeze military pay. But a new New York Times article today illustrates as vividly as anything else what a collapsing empire looks like, as it profiles just a few of the budget cuts which cities around the country are being forced to make. This is a sampling of what one finds: Read More Here
Daily Bell: How about America? How are America’s finances?
Doug Casey: The era of one trillion dollar plus annual deficits is definitely here. And those are just the official deficits, which are going to be running a trillion or a trillion and a half dollars per year for the indefinite future. And on top of that you’ve got $100 trillion of unfunded liabilities of Social Security, the Medicare, the Medicaid. In a few years, you are going to have Obama-care, which is going to make the problem considerably worse. Then add on the probable federal bailouts of numerous bankrupt states like New York and California. And then hundreds of billions more for the FDIC, which is also totally bankrupt. Just like Fannie and Freddie. Then the Pension Benefit Guarantee Corp., will be hundreds of billions more – that hasn’t hit the front pages yet. General Electric is just like a gigantic, 30-1 leveraged hedge fund; that’s going to be bailed out too! Amtrak, which despite its outrageously high fares, continues to loose a couple billion dollars a year; of course that’s just chicken feed in today’s context. And of course these wars – and supporting military bases in over 100 countries…
(NYTimes) – F.D.A. Weighs Penalties in Drug Recall
The Johnson & Johnson unit that recalled millions of bottles of liquid children’s Tylenol and other pediatric medicines last month may face criminal penalties, product seizures or other sanctions, an official from the Food and Drug Administration said Thursday. Read More Here
(MyWayNews) – Uncertainty over Medicare pay sets doctors on edge
For the third time this year, Congress is scrambling to stave off a hefty pay cut to doctors treating Medicare patients – even as the Obama administration mails out a glossy brochure to reassure seniors the health care program is on solid ground.
The 21.3 percent cut will take effect June 1 unless Congress intervenes in the next few days. Recurring uncertainty over Medicare fees is making doctors take a hard look at their participation in a program considered a bedrock of middle-class retirement security. Read More Here
(C4L) – What’s Really Wrong with the Health Care Industry
On May 3, 2010, I gave a talk to a class of students studying public health policy at the University of Washington. I began the talk by asking the students how many of them believed that the current healthcare system in America was flawed; everyone in the class raised their hand. I then asked how many of them believed that the recently passed healthcare legislation, supported by President Obama, was a step in the right direction in reforming America’s healthcare system. Once again, everyone raised their hand. Read More Here
(KurtNimmo) – Remember death panels? They’re baaaaack now that Obamacare is law of the land.
Before Obamacare became the law of the land, liberals and “progressives” went ballistic over Sarah Palin’s Facebook entry stating an obvious fact — Obamacare will realize its savings on relegating seniors to sub-standard health care via rationing. Libs were outraged and said there was no evidence the government plans to implement “death panels.” Palin’s assertion was subsequently deemed “lie of the year.” – Video and Article Link Here
(DailyCaller) – During the debate over ObamaCare, the bill’s opponents were excoriated for talk of rationing and “death panels.” And in fairness, with a few minor exceptions governing Medicare reimbursements, the law does not directly ration care or allow the government to dictate how doctors practice medicine.
But if President Obama wanted to keep a lid on that particular controversy, he just selected about the worst possible nominee for director of the Center for Medicare and Medicaid Services, the office that oversees government health care programs. Obama’s pick, Dr. Donald Berwick, is an outspoken admirer of the British National Health Service and its rationing arm, the National Institute for Clinical Effectiveness (NICE).
“I am romantic about the National Health Service. I love it,” Berwick said during a 2008 speech to British physicians, going on to call it “generous, hopeful, confident, joyous, and just.” He compared the wonders of British health care to a U.S. system that he described as trapped in “the darkness of private enterprise.”
Berwick was referring to a British health care system where 750,000 patients are awaiting admission to NHS hospitals. The government’s official target for diagnostic testing was a wait of no more than 18 weeks by 2008. The reality doesn’t come close. The latest estimates suggest that for most specialties, only 30 to 50 percent of patients are treated within 18 weeks. For trauma and orthopedics patients, the figure is only 20 percent. Read More Here
(HumanEvents) – Obama to Seniors: ‘Drop Dead’
According to surveys, no group of Americans is more skeptical of Obamacare than senior citizens—and with good reason.
While bits and pieces of the massive law are designed to appeal to seniors—more taxpayer subsidies for the Medicare drug benefit, for example—much of the financing over the initial ten years is siphoned off from an estimated $575 billion in projected savings to the Medicare program. Unless Medicare savings are captured and plowed right back into the Medicare program, however, the solvency of the Medicare program will continue to weaken. The law does not provide for that. Medicare is already burdened by an unfunded liability of $38 trillion.
Medicare Advantage plans, which currently attract almost one in four seniors, will see enrollment cut roughly in half over the next 10 years. Senior citizens will thus be more dependent on traditional Medicare than they are today and will have fewer health care choices. Read More Here
(SteveWatson) – Congressman: Obama May Have Spent $10 Million On Illegal Kenya Abortion Push
A U.S. Congressman investigating possibly illegal expenditure towards the promotion of abortion in Kenya says he has received information that indicates the Obama Administration may have funneled more than $10 million in taxpayer funds into the project. Read More Here
(NaturalNews) – Medicare issued as much as $92 million in payments between 2000 and 2007 for medical procedures or devices ordered under the names of doctors who had already died, according to a 2008 Senate committee report.
Prescriptions written in the names of deceased doctors are only one of the fraudulent techniques that plague the U.S. health care system, which has become a favorite target for organized crime.
“There are so many schemes involved,” said John Gillies, a special agent for the Federal Bureau of Investigation (FBI). “Take any aspect of the healthcare industry and there’s a fraud going on in there right now.” Continue reading
With every week that passes, we learn more about ObamaCare and it just gets worse. The recent report on the practical effects of ObamaCare from the Chief Actuary of the Centers for Medicare and Medicaid (CMS) is devastating.
Here are the salient findings of this report: Continue reading
(LewRockwell) – Bono wrote this song in 1983. He was describing the slaughter of thirteen unarmed Catholic civil rights protestors in Derry, Northern Ireland on January 30, 1972 by British troops. Many of the victims were shot in the back. The Irish Republican Army employed this tragic event to mobilize thousands of recruits to their cause. The incident triggered more violence that lasted for decades and resulted in many more senseless deaths. When governments make imprudent decisions and craft irrational policies there are consequences. Read More Here
(KurtNimmo) – Forget all the self-serving diatribes by Republicans about Obamacare. They are for government enforced health care. “Republicans were for President Barack Obama’s requirement that Americans get health insurance before they were against it,” the Associated Press reports this morning. Continue reading
(EconomicCollapseBlog) – There is a silent monster that looms menacingly over U.S. government finances. Every politician knows about it, but very few of them ever want to talk about it. This silent monster grows larger every year, and yet nobody seems to know quite what to do about it. Those who have closely analyzed this monster all seem to agree that one day it will create a financial tsunami of a magnitude that is absolutely unprecedented, but there is vast disagreement about how to escape this financial tsunami or if it is even possible to escape it. Read More Here
The Congressional Budget Office is estimating that the healthcare bill will cost $940 billion over the next 10 years, but if history is any indication, the actual cost will likely be several trillion dollars. NIA believes the healthcare bill will be the final nail in the coffin of the U.S. economy and will just about guarantee that we will see hyperinflation by the year 2015. Continue reading
(OpEdNews) – The Moral Problem of Neocons like Bunning Who Love to Cut Off Poor Peoples’ Living
The problem with neocons is that they think ‘civilization’ ENDS at the threshold of the “free market” (right wing code for the “economic law of the jungle: the predatory cult of enriching oneself at others’ expense”) Read More Here
(CNN) – USPS to propose 5-day mail schedule, major cuts
The U.S. Postal Service plans to propose Tuesday an adjusted mail service schedule, which will likely cut Saturday delivery. The agency will also suggest closing some branches and expanding its use of self-service kiosks in grocery stores and other popular retail spots, as part of its effort to work its way out of a mountain of debt. Read More Here
(BayNews9) – Medicare payment reductions worry doctors, patients
March begins with a financial blow for doctors, who are facing a major reduction in Medicare payments. Read More Here
(RussiaToday) – Video: US economy may take another hit; California faces bankruptcy questions – Video Link Here
(SOTT) – A Titanic Budget in an Ocean of Icebergs: Will the USS Budget Go Down?
If there were a prize for worst headline of the week, even the month, it would surely go to a February 23rd piece in the New York Times headlined online: “Gates Calls European Mood a Danger to Peace.” The bellicose “mood,” so undermining of global peace that our secretary of defense had to go after it, was (according to Brian Knowlton of the Times) the “public and political opposition to the military” spreading across Europe. Who wouldn’t react similarly in the face of such an unnerving phenomenon? After all, should it grow stronger, peace on Earth will surely prove a chimera. Read More Here
(SavannahNow) – Senate leader predicts ‘massive layoffs’
Senate Majority Leader Chip Rogers announced Monday morning that “massive layoffs” will be one result in how the legislature copes with a roughly $1 billion shortfall in expected revenue for next year’s budget. Read More Here
(Express) – Now The Dead Must Pay Council Tax
GORDON Brown will clobber the elderly with a savage pay-as-you-die tax bombshell that could force people to give up their home on their death, it can be revealed today. Read More Here
(MailOnline) – Millions of anti-terror cash spent on luxury London flats for police chiefs
Britain’s most powerful police body, which is run as a private business, has spent millions of pounds meant for counter-terrorism work on luxury London flats for senior officers. Read More Here
(GlobalResearch) – The Drive to Eliminate Social Security in America
In Washington each new day brings a fresh call to “reform entitlement programs” — Social Security, Medicare, etc., (in Congress, the word “reform” now means to eliminate, or drastically reduce). Tackling Social Security has been on the to-do list of the corporate elite for years, and they’re not waiting any longer. After years of promoting this cause, conservative think tanks have now garnered solid support from the political establishment as a whole, which includes the Republican and Democratic parties. Read More Here
(WSWS) – “Bipartisan” Campaign Targets US Working Class
The Obama administration is announcing Thursday a new initiative for joint action by the Democratic Party and the Republican Party against American working people, when the leaders of a new bipartisan commission to slash the federal deficit are introduced at the White House. Read More Here
(GlobalResearch) – Is the United States a Failing State?
There is now a common chorus from CNN, the New York Times and the Economist. They ask if government in the United States is broken and needs fixing? But what if government in the US is “beyond repair,” as I argued in a book by that title in 1971, referring to the ecology of capitalism. Is the United States a failing state? Read More Here
(WPost) – Fast-food breakfast sales decline as fewer head to work
The nation’s high unemployment rate has thrown millions of people out of work, scared shoppers away from stores and threatened the economic recovery. Now it’s taking a bite out of breakfast. Read More Here
(FinancialArmageddon) – ‘Quickly and Without Warning’
In an article for the March/April issue of Foreign Affairs, “Complexity and Collapse: Empires on the Edge of Chaos,” due out later this week, author and historian Niall Ferguson posits that the life cycles of great powers might not follow the long-accepted pattern of gradual rise and fall. Rather, he says, “it is possible that this whole conceptual framework is, in fact, flawed,” and that empires fall quickly and without warning. With that in mind, Ferguson explores what it might mean for the geopolitical status quo. Read More Here
(TimesOnline) – ‘Buy farmland and gold,’ advises Dr Doom
The world’s most powerful investors have been advised to buy farmland, stock up on gold and prepare for a “dirty war” by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash. Read More Here
(CNNMoney) – Banks at risk of going bust tops 700
More than 700 banks, or nearly one out of every 11, are at risk of going under, according to a government report published Tuesday. Read More Here
(CNS) – Read His Lips: Obama Calls for Increasing Payroll Taxes on ‘Households’ Earning Less Than $250,000 Per Year
President Obama presented a new health care plan on Monday that calls for raising the Medicare payroll tax on some households earning less than $250,000, an apparent breach of his campaign pledge not to raise taxes on families earning less than that amount. Read More Here
(USAToday) – Owner of Sears, Kmart plans to close 21 stores by spring – Read More Here
(BusinessInsider) – America Just Declared The Recovery Over So You’d Better Get Ready For The Double Dip
Today’s bleak consumer confidence number is undoubtedly bad news for the economy. The bigger than expected drop suggests that consumers have lost confidence in the recovery, which will drive down home prices and consumer spending. Read More Here
Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives. Continue reading
(FutureofDollar) – The World is concerned that the dollar cannot play the role of the main reserve currency any longer after the financial crisis sparked by the collapse of the U.S. mortgage market led to the worst global recession since the 1930s. The Government’s stimulus packages, financial bailouts, the need to support liquidity in Treasuries, keeping interest rates at the lowest level under the circumstances of low economic growth, high unemployment and low tax collection make it print more dollars. This leads to a high risk of substantial inflation, or hyperinflation in a long-run. Continue reading
(BusinessWeek) – President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit. Continue reading
(Uruknet) – The response to Obama’s first State of the Union address was predictable. Democrats loved it. Republicans were skeptical to critical, while the media tried to have it both ways. Continue reading
At my annual check-up, my doctor handed me a sheet explaining the reasons for office fee increases for Medicare Patients. It is worth reporting at length. Continue reading
The accumulated weight of Obama’s deceit is overwhelming:
* During his campaign for the presidency and since, Obama repeatedly assured us that he would protect Medicare against cuts; but he now presses for passage of bills that include savage cuts in Medicare.
* To obtain passage of his first stimulus bill, Obama assured us that 90% of the jobs created would be in the private sector; but as he well knew, most of them were to be in the public sector.
* Early in the health care debate, Obama assured us that he had not said that he favored a single payer system; but he was on record as having said exactly that. Continue reading
Americans could be in for a rude awakening in coming months when they discover the true scope of the massive national debt racked up by the U.S. government. Continue reading
MSNBC’s Rachel Maddow believes she has found the smoking gun proving Republicans’ hypocrisy on health care and the budget deficit: an admission by Utah Republican Sen. Orrin Hatch that, during the Bush administration, “it was standard practice not to pay for things.” Continue reading
Looks like the steadily growing list of constitutional, ethical and political outrages that constitute the Harry Reid version of Obamacare is sparking a rebellion in the states, as AP reports South Carolina’s attorney general plans to investigate the vote-buying that surrounded the proposal in the Senate majority leader’s office. Continue reading
(WSJ) – Former Federal Reserve Chairman Alan Greenspan said in prepared testimony the threat to U.S. fiscal stability is larger than ever, mostly because of rising medical costs. Continue reading
(GlobalResearch) – It didn’t take the Israel Lobby very long to bring President Obama to heel regarding his prohibition against further illegal Israeli settlements on occupied Palestinian land. Obama discovered that a mere American president is powerless when confronted by the Israel Lobby and that the United States simply is not allowed a Middle East policy separate from Israel’s. Continue reading
(GlobalResearch) – Wading through the endless debate over health care has exhausted the patience of most Americans — the zigzags, obscure language, and long-winded discussion is inherently repulsive. Continue reading
If the politicians who are bent on redesigning the medical and medical-insurance industries really wanted only to curb rising prices and help the uninsured get coverage, they would have zeroed in on the previous government interventions that created those problems. Instead, they are pushing grand schemes to turn our medical decision-making over to bureaucrats. That indicates that the so-called reform campaign is about power. Continue reading
The following was sent to Infowars:
To President Obama and all 535 voting members of the Legislature,
It is now official you are ALL CORRUPT MORONS:
The U.S. Post Service was established in 1775 You have had 234 years to get it right and it is broke.
Social Security was established in 1935. You have had 74 years to get it right and it is broke.
Fannie Mae was established in 1938. You have had 71 years to get it right and it is broke.
War on Poverty started in 1964. You have had 45 years to get it right; $1 trillion of our money is confiscated each year and transferred to “the poor” and they only want more.
Medicare and Medicaid were established in 1965. You have had 44 years to get it right and they are broke.
Freddie Mac was established in 1970. You have had 39 years to get it right and it is broke.
The Department of Energy was created in 1977 to lessen our dependence on foreign oil. It has ballooned to 16,000 employees with a budget of $24 billion a year and we import more oil than ever before. You had 32 years to get it right and it is an abysmal failure.
You have FAILED in every “government service” you have shoved down our throats while overspending our tax dollars AND YOU WANT AMERICANS TO BELIEVE YOU CAN BE TRUSTED WITH A GOVERNMENT-RUN HEALTH CARE SYSTEM??
Folks, keep this circulating. It is very well stated. Maybe it will end up in the e-mails of some of our “duly elected officials” in Washington !! IN GOD WE TRUST
George W. Bush redistributed more wealth during his presidency than any president had since Lyndon Johnson. Republicans really have never had any problem with redistributing wealth as long as the proceeds go to the right people. Since Medicare benefits senior citizens, a constituency that no election can be won without in the baby boomer retirement era, Republicans had no problem using the force of government to take money from one individual and use it to buy “healthcare” for another — as they did with their Medicare prescription drug benefit. Continue reading
Last week, I showed you the most shocking numbers I’ve seen in my lifetime: Continue reading
(RawStory) – A little-noticed tidbit in Saturday’s Washington Post is sure to raise eyebrows among liberal supporters of a gorvernment-run healthcare plan: the plan is likely to be administered by a private insurance company, the very companies that progressive activists are trying to unseat. Continue reading
It’s the #1 question I’m constantly asked after people see my movie: “OK — so NOW what can I DO?!” Continue reading
The US has every characteristic of a failed state.
The US government’s current operating budget is dependent on foreign financing and money creation. Continue reading
A revised formula for calculating medical costs and geographic variations show that approximately 47.4 million Americans last year lived in poverty, 7 million more than the government’s official figure. Continue reading
Pity the imperialists. What do they do? They must realize that the longer they continue occupying Iraq and Afghanistan, the more they weaken the Empire. Hey, they don’t call Afghanistan the “graveyard of empires” for nothing. Continue reading
I had just walked back into my hotel room yesterday after chaining myself to the White House fence and being arrested, when I saw White House press secretary, Robert Gibbs, say that removing troops from Afghanistan was “not an option.” Continue reading
Hyperinflation Nation – NIA – National Inflation Association – Inflation.US
The National Inflation Association is an organization that is dedicated to preparing Americans for hyperinflation and helping Americans not only survive, but prosper in the upcoming hyperinflationary crisis. Continue reading
Anyone smart and strong enough to fight delusional thinking and who pays attention to current events should clearly see that corporate corruption of the US political system is so pervasive and powerful that there will be no genuine reform of both the health care and financial sectors. Continue reading
The current health care “debate” shows how far gone representative government is in the United States. Members of Congress represent the powerful interest groups that fill their campaign coffers, not the people who vote for them. Continue reading