Skip to Content

Economy

Otter to gun, ammo makers: Come to Idaho

The biggest price-fixing scandal ever.  Rolling Stone reports on the collusion of big banks in the U.S...

The biggest price-fixing scandal ever.  Rolling Stone reports on the collusion of big banks in the U.S.It's a long article, but interesting nonetheless.

U.S. lawmakers secretly negotiating to exempt themselves from Obamacare

Do as I say, not as I do... It's good for thee but not for me... etc.  No hipocrisy there Silly From Natural News:

Top lawmakers on Capitol Hill are negotiating a secret deal to exempt themselves from Obamacare. The Obamacare mandate is a total nightmare, of course, and it doubles health insurance rates while providing nothing resembling actual "health" care. It's such a nightmare that the very people who passed it now want to exempt themselves from it.

Union that backed Obama calls for repeal of Obamacare

Whoopsie.  Once they realized what it was really going to do for to them, this roofer's union got all panicky and now wants it repealed.  From Public Secrets:

Because they’re finally realizing that it’s a crappy idea horribly implemented and that, no, fairies riding unicorns won’t bring you free healthcare after all:

Organized labor was instrumental in getting the Affordable Care Act passed in 2010, but more recently has voiced concerns that the law could lead members to lose their existing health plans. The United Union of Roofers, Waterproofers and Allied Workers is believed to be the first union to initially support the law and later call for its repeal.

“After the law was passed, I had great hope … that maybe the rough spots would be worked out and we’d have a great law,” said Kinsey Robinson, international president of the union, which represents 22,000 commercial and industrial roofers.

Like many unions, the roofers insure members through a so-called multiemployer health insurance plan that’s jointly managed by employers and the union. Mr. Robinson says the union’s concerns about the law began to pile up in recent months after speaking with employers.

A quick guide to President Obama's budget

GOP House Approves CR That Funds All Obamacare--Including Regulation Attacking Religious Freedom

Way to stand your ground!  Not.  CNSNews:

The Republican-controlled House of Representatives voted 267-151 on Wednesday to approve a $982-billion continuing resolution (CR) to fund the federal government through the rest of fiscal 2013 that fully funds the implementation of Obamacare during that period.

The House Republican leaders turned aside requests from groups of conservative members to include language in the bill that would have withheld funding for implementation of all of Obamacare, or, alternatively, that would have withheld funding for the Obamacare regulation that requires health-plans to provide cost-free coverage for sterilizations, contraceptives and abortion-inducing drugs.

...

Similarly, 14 Republican House members, led by Rep. Diane Black (R.-Tenn.) and Rep. John Fleming (R.-La.), wrote Boehner and Cantor last week asking them to include language in the CR that would reverse the sterilization-contraception-abortifacient regulation in order to protect the free exercise of religion, which is guaranteed by the First Amendment.

Federal debt increased $50,521 per household in the last four years

I have enough stress dealing with the debt I incur on my own.  I don't need another 50 G's added to that.  CNS:

During Barack Obama’s first term as president of the United States, the debt of the federal government increased by $5.8 trillion, which exceeds the combined debt accumulated under all presidents from George Washington through Bill Clinton.

The new federal debt accumulated in Obama's first term equaled approximately $50,521 for each of household in the country.

On Jan. 20, 2009, when Obama was first inaugurated, the total debt of the federal government was $10,626,877,048,913.08, according to the U.S. Treasury. As of the close of business on Jan. 17, the last day reported by the Treasury before Obama’s second inauguration, the total debt of the federal government was $16,432,631,489,854.70.

Thus, from Obama’s first inauguration to his second, the federal government’s debt grew by $5,805,754,440,941.62.

Given that the Census Bureau currently estimates that there are 114,916,000 households in the United States, the $5,805,754,440,941.62 debt increase under Obama equals about $50,521 per household.

Syndicate content


deliciousness
by Dr. Radut