Raiding the Treasury: Crushing Debt & Expanding Coffers: New Political Sport?
August 26, 2009 by Dr. Joyce Starr
Filed under Economic Rights, Follow the Money Rights, Topics & Guests
The President committed over $780 billion to banks, brokers and mega corporations. Yet major US entitlement programs are on the verge of bankruptcy. Is raiding the US treasury a new political sport? Dr. Joyce Starr speaks out on the destruction of wealth and hope. Show Date: August 27, 2009.
Tea Party Express Signs: Go Green: Recycle Congress & We’re Not Your ATM.
Here’s the picture as of September 9, 2009.
1) US Government bailouts = $780 billion. Yet Social Security liability is reportedly between $10- $17. 5 trillion (depending on the source of the data). Social Security & Medicare liability combined are estimated at $106 trillion. The FDIC is also cash-strapped (down to $10 billion from $60 billion) and will likely look to the US Treasury(taxpayers) for support.
2) We’re facing $12 trillion in debt by 2019. Over a $100 billion is added to national debt every 5 weeks.
3) We pay over $1 billion in interest to China each month.
4) Loss of US household wealth since the financial meltdown began – $12.196 trillion. (A number of economists estimate the loss of global wealth at over 50 trillion dollars.)
5) The White House granted over four billion dollars to 500,000 car owners, but raised Medicare costs for millions of seniors – with major reductions in care proposed for the future. The White House is proposing to cut roughly $150 billion from the highly popular Medicare Advantage program. One in five seniors enjoy richer and more varied benefits with Medicare Advantage than those in traditional Medicare.
Respected researchers contend that the swine flu is no worse than the ordinary flu – affecting similar numbers – yet the US Government announced this week that half the population will be affected. And we still don’t know what’s in the vaccine. Testing will begin on American soldiers, who have little or no choice but to submit. The price tag for (and dangers of) inoculating the nation? Unknown.
6) The Administration is now instructing injured and aging vets that they can choose death with honor. The Administration wanted to do so for all seniors, but faced overwhelming public opposition.
Who stands to benefit from the apparent campaign to brainwash the choice of death on the aged and injured? Wall Street! (Stay tuned for bundled insurance investment that will pay investors when you die.)
Over 75 percent of the US population suffers from mild to acute stress. While the new policy will help sell antidepressants, it’s unlikely to lift the spirits of those who fear for their lives (or for their loved ones).
7) The stock market has rocketed thanks to White House stimulus funds to banks and brokers, but we’re facing 10 percent unemployment until 2010 and the first jobless “so-called recovery” in American history. The head of the Atlanta Fed estimates the true number of unemployed at 16 percent.
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To your economic survival,
More from Rights Radio on this topic…
Federal Reserve Declares Recession is Dead: Twelve Indicators that Economy is in Trouble
Economic Recovery Revisited – Economists & Fed Declare Recession is Dead. Real folks don’t believe it. Twelve top indicators that the economy is bad from Rights Radio resident forensic economist, Dr. David Goldenberg. YOU KNOW THE ECONOMY IS BAD WHEN CEO’s are now playing miniature golf…
Immortal Economic Stimulus Plan: Illusory Fountain of Youth for Declining US Economy
Immortal Economic Stimulus Plan 101, 102… Cap and Charade, Obamacare and Missile Defense Revisited.
Obamacare: Amends Internal Revenue Code: Tax Penalty Without Qualifying Health Insurance
July 6, 2009 by Dr. Joyce Starr
Filed under Economic Rights, Health Insurance Rights, Health Rights, Healthcare Plans
Obamacare legislation amends the Internal Revenue Code to apply a tax penalty for individuals who cannot prove that they are covered by qualifying health insurance.
It also establishes a Medical Advisory Council to determine the “amount, duration, and scope” of the items and services that must be included as “essential health care benefits” in a plan that qualifies for subsidies.
Best Healthcare Statistics
The costs are now 611 billion dollars with total coverage – whatever that means.
Critics say the revamped Kennedy Health Care “Reform” Plan does not account for Medicaid coverage – which is crushing state budgets.
Additional provisions include:
- Expand Medicaid to 150 percent of the federal poverty level.
- Require health insurers to accept every employer and individual in the state for coverage.
- Require health insurance providers to report to the government how premiums are spent.
- Ban annual or lifetime limits on coverage.
- Establish committee boards, called Affordable Health Benefit Gateways, in each state to certify and inform residents about insurance plans.
- Extend dependent coverage so citizens may be covered on their parents’ insurance until they are 26 years old.
Follow the Obamacare Money Trail: The Other K Street
Michelle Malkin connected the Obamacare Follow the Money dots in a June 24 column:
If you believe the White House, there are 30 million Americans who support a government health care takeover. But if you look at the funding behind the Obamacare Astroturf campaign, it’s the same few Leftist billionaires, union bosses, and partisan community organizers pushing the socialized medicine agenda. Let’s connect the dots.
On Thursday, a national “grass-roots” coalition called “Health Care for America Now (HCAN)” will march on Capitol Hill to demand universal health care. The ground troops won’t have to march very far. HCAN, you see, is no heartland network. It is headquartered at 1825 K Street in Washington, D.C. – smack dab in the middle of Beltway lobby land.
In fact, 1825 K Street is Ground Zero for a plethora of “progressive” groups subsidized by anti-war, anti-Republican, Big Nanny special interests. Around Washington, the office complex is known as “The Other K Street.”
Why do they want Obamacare? An internal ACORN memo I obtained from August 2008 … outlines the ACORN/HCAN partnership and strategy of opposing any programs that rely on “unregulated private insurance” – and then parlaying political victory on government-run health care “to move our ACORN agenda (or at least part of it) with key electeds that we might otherwise not be able to pull off.”
The objective, in other words, is to piggyback and exploit Obamacare to improve and protect their political health. The “grass-roots” movement is not about representing Main Street. It’s about peddling influence and power on 1825 K Street.
Michelle Malkin: Who’s funding the Obamacare Astroturf campaign?
Follow the Money: Are Local and States Government Coffers Overflowing? Your Right to Know!
October 1, 2008 by Dr. Joyce Starr
Filed under Follow the Money Rights
Who REALLY owns America? This expert claims that local and state government coffers are overflowing to the tune of $110 TRILLION in seldom-disclosed investment assets.
Are your homeowner associations rights in jeopardy?
Follow the smart money trail to condo association board or HOA board solutions.
To Your Empowerment!
