Health Care Reform – Democrats drop expanding Medicare

Posted by Jason | Posted in Government, Health Care | Posted on 15-12-2009

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Here’s a sliver of good news on the health care front.

Senate Democrats on Monday evening dropped a plan to expand Medicare, winning the support of moderates and the reluctant acquiescence of liberals, in another major step toward building enough support to pass a health-care overhaul.

The idea of letting people ages 55 to 64 buy into Medicare, announced just last week, had threatened to explode the Democrats’ hopes of getting a bill through the Senate when Sen. Joseph Lieberman came out against it.

via Democrats Drop Plan to Expand Medicare – WSJ.com.

While I don’t believe this prevents the government from create a disastrous government health care program, it is still good news. The problem now is the debate has already been framed, and it’s been framed by socialists. The debate is between health care reform and the status quo, and you know the status quo just means you hate people. The problem is government cannot reform the private sector. If the government was not involved in health care, reform would not be needed. Resources would be properly allocated, which would mean they would be allocated where they are needed the most at the least cost.

All this talk about health care reform by socialist pigs makes me sick. The only reform we need to fix health care is government reform. It needs to be reformed back into a limited government that protects liberty. That is all that needs done to fix most of our societal ills. The rest can be figured out by free people.

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Survival skills and preparing for the TEOTWAWKI

Posted by Jason | Posted in Government | Posted on 15-12-2009

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Unfortunately, I have not been able to blog much over the past few days. I spent a lot of time this weekend just browsing around the web looking at survival skills that you would need in the absolute worse case scenario of an economic collapse. This is referred to as TEOTWAWKI, the end of the world as we know it.

While I’ve been looking into guns for a while now, I’ve finally settled on the Ruger SR9, and I plan on picking one up as soon as Christmas is over. Protection is at the top of the list for survival skills. Hurricane Katrina highlighted how quickly society can deteriorate.

In addition, I did some research on solar panels and wind turbines. It would be good to know how to get off the grid if you needed an energy source. It was actually pretty fascinating reading how you can buy materials off ebay or Amazon and build your own solar panels. Power is a must in a TEOTWAWKI scenario.

While I  was reading up on this stuff, I came across a very cool blog, Survivalblog.com, a site dedicated to survival skills. There is a ton of good information about all kinds of survival skills; including guns, power creation, and even home based business. I then saw the guy who started the site wrote a book, Patriots: A Novel of Survival in the Coming Collapse. I hopped on over to Amazon to check it out, and it had 505 reviews. Wow, I figured this must be a great read, so I headed out to the local bookstore and picked it up.

So far, I’ve only read the first two chapters, but it does not take long at all to pull you in (probably about 2 pages tops). The first chapter is about how the collapse starts, and let’s just say, it’s an ominous chapter in regards to our current economy. The government spends way too much money, the Fed prints too much money, foreign governments begin dumping our treasuries, and the house of cards begins to come down. Bank runs take place, which results in the Fed printing money for the FDIC to dish out to the depositors. All this does is make inflation worse. As you can imagine, unemployment sky rockets in no time at all, and chaos erupts in the larger cities.

The main characters are a group of people who met in college and had a plan for such an event. They formed a group that would come together in such an event, and each member developed specific survival skills, such as handling gun shot wounds. They bought  a 40 acre retreat in Idaho, and they are all making their way there to setup their “retreat”.

That’s about as far as I got. It’s an awesome read, and really makes you think about how unprepared we are as a society. We have no where near the survival skills that our grandparents had during the Great Depression. Needless to say, my wife thinks I’m a lunatic for even thinking something like that could happen, which gets back to how most of society is. We are like sheep in this cage that our government has built. A huge part of the population can’t even take care of themselves with all this abundance, so how would they take care of themselves in a real economic collapse.

Any way, it really got my noodle cooking and thinking that while it’s fun to comment on the idiocy of our government and how they are going to destroy the country, ultimately, you need to be prepared for it. It doesn’t do you or your family any good to stand around as Rome burns saying, “See, I predicted that on my blog.” It’s time to start thinking about TEOTWAWKI and learning some of the survival skills that would be necessary to survive. It’s always the crazy SOB that people go to when excrement hits the fan. I might as well get a little crazy.

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Peter Schiff hands out an ass whoopin to David Epstein

Posted by Jason | Posted in Economics, Government, Video | Posted on 12-12-2009

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I can’t remember how I found this video, but if you have the time, it’s a much watch. You want to know why we are heading for disaster? It’s because the government is filled with David Epsteins, when we need more Peter Schiffs. Hopefully, Schiff will defeat Dodd next year, and we’ll at least have one. Add Rand Paul into the equation, and we are heading into the right direction.

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Who is this peasant to question his master?

Posted by Jason | Posted in Government, Video | Posted on 11-12-2009

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Another great find thanks to The Daily Paul

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Hyperinflation – Even The Best Case Scenarios Look Bad

Posted by Jason | Posted in Economics, Government | Posted on 11-12-2009

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Bob Murphy has a article on The American Conservative basically outlining how he sees our currency being destroyed and possibly ushering in the Amero. While the entire article is pretty scary, the part about the current bank reserves really popped out at me.

Monetary Catastrophe

Since the start of the present financial crisis, the Federal Reserve has implemented extraordinary programs to rescue large institutions from the horrible investments they made during the bubble years. Because of these programs, the Fed’s balance sheet more than doubled from September 2008 to the end of the year, as Bernanke acquired more than a trillion dollars in new holdings in just a few months.

If Bernanke has been so aggressive in creating new money, why haven’t prices skyrocketed at the grocery store? The answer is that banks have chosen to let their reserves with the Fed grow well above the legal minimum. In other words, banks have the legal ability to make new loans to customers, but for various reasons they are choosing not to do so. This chart from the Federal Reserve shows these “excess reserves” in their historical context.

U.S. depository institutions have typically lent out their excess reserves in order to earn interest from their customers. Yet currently the banks are sitting on some $850 billion in excess reserves, because (a) the Fed began paying interest on reserves in October 2008, and (b) the economic outlook is so uncertain that financial institutions wish to remain extremely liquid.

The chart explains why Faber and others are warning about massive price inflation. If and when the banks begin lending out their excess reserves, they will have the legal ability to create up to $8.5 trillion in new money. To understand how significant that number is, consider that right now the monetary aggregate M1—which includes physical currency, traveler’s checks, checking accounts, and other very liquid assets—is a mere $1.7 trillion.

What does all this mean? Quite simply, it means that if Bernanke sits back and does nothing more, he has already injected enough reserves into the financial system to quintuple the money supply held by the public. Even if Bernanke does the politically difficult thing, jacking up interest rates and sucking out half of the excess reserves, there would still be enough slack in the system to triple the money supply.

via The American Conservative » Killing the Currency.

If the currency doubled over night and the goods and services of the country did not grow, prices would quickly double as well.  While this is a drastic example, it will not work much different if it happened over a longer period of time. It just wouldn’t be as obvious. The problem here as Bob points out is even if Bernanke manages to pull out half the reserves, you’d have the money supply possibly tripling in a short period of time. Obviously, our goods and services would not triple in a short period of time, so you would have inflation that no living American has ever experienced.

What happens in situations like that? Well, look at the Argentina.

It never ceases to amaze me the arrogance we have been programmed to believe. America is a great country, but it cannot defy history just because it’s America. I’ve heard countless pundits just over the past couple weeks pooh, pooh all the “crazy talk” about the economy by saying “We’re Americans. We’ll figure our way out of this.” Why do we believe being American has anything to do with our odds? If we do the same things that were done historically, we will get the same results. It’s as simple as that. This very arrogance is even manifest in the history of decline civilizations. Do you think Rome didn’t believe they were special and could keep going as they were? How about the Soviet Union? We spent all the money in the 80s to bankrupt the Soviet Union, because Reagan knew that was the best and easiest way to destroy it. Here we are 20 years later following the same path of destruction that led to the collapse of the Soviet Union. Are we that stupid and arrogant to think because we are Americans, it will be different?

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There is hope: Lt. Col. Allen West Runs For Congress

Posted by Jason | Posted in Video | Posted on 10-12-2009

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Thanks to the Daily Paul

If this guy stays like this and doesn’t turn into the typical politician, he’d be pretty good. Let’s hope we have a ground swell of guys like this before 2010 and 2012.

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Reason TV on why Canadians come to US for surgery

Posted by Jason | Posted in Health Care | Posted on 09-12-2009

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Another find thanks to Hot Air

Once again, insurance is the problem. I read an article (don’t remember where) about a primary care physician who will not take clients with insurance, and he is able to charge only $35/visit. He’s able to do this because there is so much extra cost involved when accepting insurance. It sounds like this surgery center works the same way.

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Jon Stewart analyzes job summit

Posted by Jason | Posted in Government, Video | Posted on 09-12-2009

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Found this on Hot Air

I remember when the media couldn’t imagine any comedian being able to make fun of Obama, because he was just too cool. Stewart has done an awesome job.

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
American Idle
www.thedailyshow.com
Daily Show
Full Episodes
Political Humor Health Care Crisis
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Obama Pushes New Job Stimulus – WSJ.com

Posted by Jason | Posted in Government | Posted on 09-12-2009

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When will this nightmare called the Obama administration end? They never question that fact that they got it wrong. They always believe they just didn’t do enough yet. We have close to a 1$1.5 trillion deficit this year, and these idiots can’t stop thinking of ways to spend more money.

In a speech at the Brookings Institution, Mr. Obama avoided calling his jobs push a new stimulus plan. But White House officials acknowledged that the president was taking stimulus components that he believed worked best and extending or amplifying them.

Has anyone seen any part of the stimulus that worked and continues to work? Cash for Clunkers might have give a blip on the GDP chart, but it’s obvious it was not sustainable. Government stimulus in the form of spending never is.

These include putting an additional $50 billion toward infrastructure spending, ramping up Treasury Department lending to small businesses through the Troubled Asset Relief Program, extending tax credits for business investment and offering state and local governments a fresh lifeline.

Other ideas that weren’t in the February stimulus legislation include a tax credit that rewards companies for hiring workers and tax rebates for individuals who make their homes more energy efficient.

Additional wealth must be created in our country for hiring to take place. Infrastructure does not create wealth. Are you wealthier when you trade in an older car for a newer one? No, you still have a car, just like you did before.

Increased lending to small business isn’t going to help either if the economy remains in shambles. Who will want to borrow money when the future is so uncertain?

Tax credits don’t work in the long term. Only long term tax cuts work for ongoing growth. Are you going to change your long term habits for a one time handout? Neither is business. They will change habits if it’s a lasting change such as reduced taxes, just as you would change your habits with a pay increase.

Don’t even get me started on more state bailouts. It’s stealing money from responsible states and giving it to irresponsible states such as California. The responsible states have to pay for the over-the-top government benefits in other states. Would Texas please secede already.

Mr. Obama’s push comes as a partisan debate over the stimulus plan’s effectiveness heats up and Democrats grow increasingly worried about the political price of a stagnant job market. With a midterm election looming in 2010, Friday’s relatively hopeful employment reports didn’t much relieve the pressure, senior Democrats said.

And we wonder why our country is going bankrupt. Politicians try buying their re-elections. It’s all politics, and has nothing to do with what is best for the country.

Democratic aides expect two bills. The first would top $100 billion and would extend unemployment insurance, temporary food-stamp payment increases and subsidies for health-care purchases by the unemployed. That would likely be attached to a spending bill in coming weeks. The second, a jobs bill estimated at about $70 billion, would contain many of Mr. Obama’s initiatives and likely wouldn’t reach his desk until early next year.

Get ready for all the job creating from incentivizing unemployment. It seems like we extend unemployment almost every week now. What’s it up to, half your life?

The hiring tax credit may generate the most controversy. Mr. Obama campaigned on the idea last year, but Democrats abandoned it amid the stimulus debate. Employers, they worried, could fire workers and rehire them to claim the credit, or divide a full-time job into two part-time jobs, cut the wages and hours of one worker, then hire a new, part-time worker to claim the credit.

Ralph Braun, chief executive of Braun Corp. in Winamac, Ind., said a tax credit is meaningless for a producer like him. “If you’re just going out to hire someone just for a tax credit, what kind of job will you put them in that has any longevity to it?” said Mr. Braun, whose 730-employee company produces wheelchair lifts and other equipment. “You have to have a customer for that employee to serve — so I’m confused how a tax credit would stimulate anything.”

Still, there are executives who see merit to the idea. Ronald DeFeo, chief executive of Terex Corp. in Westport, Conn., would like to see such a credit targeted at recent college graduates. “If we had a tax incentive that paid for a third of [a recent college graduate's] wage for two years, then 10% for the next two years, it would be a way to encourage companies like mine to hire,” he said.

via Obama Pushes New Job Stimulus – WSJ.com.

I bet Ralph Braun’s company is much better ran than Ronald Defeo’s. Ralph is completely right. If there is no customer to serve, then there is no need for a new position. Ronald on the other hand thinks it makes good sense for the public to pay 1/3rd of two years wages and 10% for the third and forth year for new hires. Is he smoking crack? This is what he thinks is good for our country? I know he gets to save money for himself, but meanwhile that money has to come from somewhere. If that position doesn’t warrant paying the employee, then the position should not be created. It’s a sham, and only results in a lower standard of living for everyone else, well except for Ronald Defeo.

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Health Care Reform – Democrats Have An Agreement With No Republican Input

Posted by Jason | Posted in Health Care | Posted on 09-12-2009

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According to the Wall Street Journal, 10 Senate Democrats have decided the fate for all of us as far as far as health care insurance goes. You will buy what you are told, because after all you live in a democracy (once a republic).

WASHINGTON — Senior Senate Democrats reached tentative agreement Tuesday night to abandon the government-run insurance plan in their health-overhaul bill and to expand Medicare coverage to some people ages 55 to 64, clearing the most significant hurdle so far in getting a bill that can pass Congress.

So Democrats dropped the government-run insurance plan, but expanding a government run insurance plan? Considering our aging population and people living longer (for now anyways), it’s not hard to see that a majority of our country eventually falling under a government plan. Do you think they aren’t going to try to expand this further?

The agreement capped several days of high-stakes negotiations by a group of 10 Democratic senators — five moderates and five liberals. Senate Majority Leader Harry Reid (D., Nev.) had advanced a bill that would have had the government directly operate a health-insurance plan, while giving states the right to opt out.

I love this. In our supposed Republic, we are forcing 1/6th of our economy under government control because of  5 liberals and 5 moderates. Who’s to say they are moderate? I guess they are moderate socialists. Wow, that makes me feel better. Moderate socialists are the ones protecting our liberty, so you can sleep well tonight.

In place of that, the senators embraced a more limited proposal that would empower the government’s Office of Personnel Management to put in place a new low-cost national health plan, congressional aides said. The office already administers plans offered to federal employees and members of Congress. The new national plan would be run by nonprofit entities set up by the private sector, and would be available to the public on the new insurance exchanges that would be created under the bill

If no private insurers sign up with the Office of Personnel Management to offer a national plan, the office would be authorized to implement a direct government-run plan, an unlikely prospect, aides said.

Didn’t they say they got rid of the government option? Instead they are going to have the government setup national plans and have them ran by non-profits? Sure sounds the same to me, except more corruption. Who’s going to pick the non-profits? Hey, isn’t ACORN a non-profit?

So here is where the government run plan comes in. If no private insurers sign up for the government designed national plan, then the government will create the plan itself. Despite what “aides” say, I would say it’s likely that no private insurers will sign up. Look at what working with the government has done with the banks. You sign up with them, you are going to do what you arer told, and what you are told changes at their discretion. How can a private insurance company plan for the future under conditiosn like that? Even if private insurers do sign up, it is no different than other quasi-government institutions like Fannie Mae, Amtrack or the Post Office. They will be ran into the ground, and we’ll be paying for them anyways. The politicians will setup the rules, so they will not be ran as a private institution.

The arrangement is attractive to Democratic centrists who worry about the government’s growing footprint in the private market.

Can this sentence be any more disengenous? So called centrist are worried about the growing government footprint in the private market? They sure have a funny way of showing it. Let’s see, TARP, Government Motors, bailouts, stimulus bills, newspaper bailouts, and oh this massive ass health care takeover.

In a nod to Democratic liberals still intent on expanding coverage, the group agreed to a proposal that would open Medicare, the health-insurance program for the elderly, to Americans ages 55 to 64. The proposal would benefit an estimated two million to three million Americans who have difficulty obtaining coverage elsewhere, including those who have lost their jobs. People in the 55-to-64 group who already get health insurance through their employers would continue to do so under the proposal.

Republicans criticized the Democratic negotiations. “What’s becoming abundantly clear is that the majority will make any deal, agree to any terms, sign any dotted line that brings them closer to final passage of this terrible bill,” said Senate Minority Leader Mitch McConnell (R., Ky.).

Sen. John Barrasso (R., Wyo.) said expanding Medicare “is putting more people in a boat that’s already sinking.”

The American Medical Association said it opposes expanding Medicare because doctors face steep pay cuts under the program and many Medicare patients are struggling to find a doctor. Hospitals also said expanding Medicare and Medicaid is a bad idea.

“We want coverage — in the worst way — expanded, but both of these means are problematic for hospitals and physicians,” said Chip Kahn, president of the Federation of American Hospitals, which lobbies on behalf of for-profit hospitals. “It’s going to make it difficult to make it work.”

Well, I guess the AMA can go screw themselves now. They had to back the Democrats health care bill before, and what do you know, it’s come back to bite them in the ass. Should have heeded my warning about making a deal with the devil.

The legislation is designed to extend insurance coverage to tens of millions of Americans. It would create new tax subsidies to help low- and middle-income people comply with a mandate to purchase coverage.

It would also bar insurers from engaging in a range of practices, such as denying coverage because of pre-existing conditions, and Senate Democrats were considering adding to those restrictions.

Under discussion among Senate Democrats was a proposal that would require insurance companies to spend no less than 90% of the insurance premiums they take in on health services, effectively limiting how much they can reap in profit. The health bill the House passed last month contains a similar provision, though it sets the minimum at 85%.

Aides cautioned that the accord reached Tuesday could be reopened if the CBO identifies major problems. Moreover, other issues, such as proposals to control the rapid growth of health costs, may still need to be negotiated over the next few days.

But if Mr. Reid has his way, he could begin the process of shutting off debate late this week. That would set the stage for another test on the Senate floor early next week that will demonstrate whether he has 60 votes for the bill. Final passage could come late next week.

via Senators Strike Health Deal – WSJ.com.

The government take over plan is so obvious. Expand, expand and expand the government programs in place. Then restrict, regulate and starve private insurance out of existence. The so called moderates like Joe Lieberman know better. They are just trying to save face when they hand over our liberty.

This bill is going to pass, so I hope we are all ready for it. We can only hold out hope now for public outrage next year to the extent that we elect enough new congress people that will then overturn all these government takeovers. They will need a veto proof majority, which is not going to be easy. Hopefully, insurance premiums adjust quickly and people feel it in their pocketbooks. If insurance premiums reflect the new costs imposed, people will notice it. They will be pissed off, and they will not have the government options until 2013. Hopefully, that will drive enough people to the polls to elect some real politicians who believe in freedom.


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