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Here Comes The Push To Repeal Obamacare, As Goolsbee Starts The Mutual Asured Destruction Charade On Raising The Debt Ceiling
The new year is finally here, which means the new composition of Congress and the Senate is now in play and tickets to another year of political theater are rapdily selling out. In the meantime, republicans are not wasting a single minute. Michigan Rep Fred Upton, who will lead the House Energy and Commerce committee, said today that he expects "significant" bipartisan support for a proposed repeal of the health care overhaul -- a vote he said would be held before President Obama's State of the Union address, reports Fox News. Politico chimes in: "We have 242 Republicans. There will be a significant number of Democrats, I think, that will join us. You will remember when that vote passed in the House last March, it only passed by seven votes." Of course, this is just more of the same theatrical BS that has made all of America sick and tired with the charade that is "democratic" governance. "Republicans reason that the voters who gave them the House majority in November expect them to at least go on record against the health law in the next session, though congressional rules make it highly unlikely that they'll be able to overturn it while a Democratic president is in office." So more theater. But in the meantime, both parties will conveniently ignore the one thing that Americans really voted against: fiscal stupidity and endless printing of money. After all, without excess spending and ridiculous debt issuance now that the securitization spigot is (luckily still) slammed shut, just how will Wall Street award it corrupt servants in Congress and the Senate? In other words, look for a lot of pomp and circumstance ahead of the only vote that matters: the raising of the debt ceiling, which will stunningly end up passing with a near unanimous vote.
More from Fox News:
Though it would be a steep climb for Congress to override a presidential veto in any climate, House Republicans bent on unraveling the bill face a more immediate challenge in getting the repeal to the president's desk in the first place. To get the ball rolling, they would have to convince the Senate, where Democrats hold a narrow majority, to follow their lead.
Upton said on "Fox News Sunday" that he expects those Democrats who voted against the bill last year -- those who are still in office, anyway -- to help build a strong majority in favor of the repeal, which could help on the Senate side.
"If we pass this bill with a sizable vote, and I think that we will, it'll put enormous pressure on the Senate to do perhaps the same thing," he said.
But Upton seemed to acknowledge the obvious roadblocks and explained the Republican game plan should the repeal fall through. As other GOP lawmakers have promised, he said Congress will comb through the law "piece by piece" to try to challenge provisions with questionable merit -- such as the individual mandate that's already being challenged in the courts and a controversial provision that would require businesses to issue 1099 tax forms for purchases that exceed $600. Obama has said he's willing to give the latter provision a second look as well, though his administration is vigorously defending the requirement that Americans buy health insurance
Somehow the feedback loops will interpret this development as positive for stocks. We also expect Cramer to come out with a note that diamterically contradicts his previous one, when he said a bear market would commence as soon as Obamacare passed.
And just to confirm that America's banana republic status will be cemented in under three months, when Congress passes the debt ceiling to well over $15.5 trillion, Austan Goolsbee was heard advising America not to play chicken with the debt ceiling (i.e., to pass it to an arbitrary number with preferably one hundred zeroes). The alternative to not increasing the ceiling is per Goolsbee, in true kleptocrat fashion, untold misery and destruction. From the AP:
The top White House economic adviser is warning against what he calls "playing chicken" with the need to raise the nation's debt ceiling.
For some conservatives, refusing to raise the limit on the federal debt would be a tactic to force the government into cutting spending.
Last February, Congress raised the debt ceiling to $14.3 trillion. The debt is now at nearly $13.9 trillion and growing each day. A move to raise the ceiling again is expected this spring.
The chairman of the White House Council of Economic Advisers, Austan Goolsbee, says that refusing to raise the debt ceiling would push the country into default - and a far greater economic crisis than Americans saw in 2008.
There is no news as to whether America is also not supposed to play chicken with the same bond vigilantes that have made a mockery out of the European sovereign debt market.
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Ever noticed how healthcare costs weren't a problem UNTIL MEDICARE was enacted in the 1960's? Like EVERY market distortion, this one can be placed squarely at the feet of the US Govt -- They've been subsidizing healthcare, and any time something gets subsidized, demand for the product INCREASES -- EVERY TIME! You're paying for granny's hip replacement, Waldo the Wino's stitch-up at the neighborhood "Knife and Gun Club", some Meth head's FREE vacation at the local Sanitarium -- 'nuff said.
Ignore the jerks junking your post Johmmy. I see small businesses in little towns around me dealing with the same issue. some forced to merge with bigger companies just to be able to give health care to their employees. That hurts. Building your small company from scratch up to its feet and then being forced to crawl under a corporation's wing so you can take care of the people (aka friends) who work with/for you. The GOP had how many years to reform healthcare before O'B came in? And it just didn't matter to them when they were in power, now did it? Suddenly, now, they care just so, so much. Give me a f-ing break. Good luck to you and your company.
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They could hold up the budget and starve the beast by refusing to fund anything without it but they won't.
The "crisis" has already started and the spooky predictions if the debt limit is not raised:
http://www.foxnews.com/politics/2011/01/02/white-house-warns-failure-rai...
These assholes don't even try anymore. They all should be shot.
I guess we can just agree on one thing here.. This can't end well, for John Q public anyway.
After following your link and reading the article, in which I agree with your solution, I went to their home page. I just 'wasted' some time reading anything from the front page which had any 'potential' to be a real story and not just some worthless fluff piece. Now my head hurts and I think I may have broken something.
I wouldn't mind seeing the free market get its chance to prove it can provide efficient, quality care, you just need to put a free market in place first, where a health consumer has a real choice instead of the illusion of choice.
Here are seven things that a good attempt at Health Insurance reform should do:
1. Equalize the tax laws so that employer-provided health insurance and individually owned health insurance have the same tax benefits. Now employer health insurance benefits are fully tax-deductible (for the Employer, that is!), but individual health insurance is not (So sorry, middle-class, wage-slave!).
2. Repeal all state laws which prevent insurance companies from competing
across state lines. We should all have the legal right to purchase health insurance from any insurance company in any state and we should be able to use that insurance wherever we live. With no real competition in CA, is
it any wonder that Blue Cross can raise their rates around 39%?
3. Repeal government mandates regarding what insurance companies must cover. These mandates have increased the cost of health insurance by billions of dollars. What is insured and what is not insured should be determined by individual customer preferences and not through special-interest lobbying. Why should a single man have to pay extra for OB-Gyn coverage, for example?
4. Enact tort reform to end the ruinous lawsuits that force doctors to pay
insurance costs of hundreds of thousands of dollars per year. Perhaps then
Doctors can go back to ordering medical tests when they're necessary and not just to cover their @ss, when dealing with some lawsuit-happy patient!
5. Make costs transparent so that consumers understand what health care treatments cost. Ever see a price list in a Doctor's office? Neither have I, yet we're expected to pay $?? whenever we get an appointment!
6. We need to face up to the actuarial fact that Medicare is heading towards
bankruptcy and enact reforms that create greater patient empowerment, choice and RESONSIBILITY. Too many people (especially their children!) order Doctors to "Spare No Expense" when it comes to saving granny's life, even though she's been bed-ridden and on a ventilator for the last year. With no Quality of life, just what are these people trying to save?
7. Revise tax forms to make it easier for individuals to make a voluntary, tax
deductible donation to help millions of people who have no insurance.
In Minnesota, we can volunteer to spend some extra tax for a Wildlife fund,
why not a "People's Health Fund?"
In short, free-market solutions exist, just DO NOT EXPECT the Decepticrats or Republicons to even propose them!
The first thing that should be repealed is the mandate requiring everyone to have coverage or face jail/fines. To me this all or nothing push isn't serious. If it's all or nothing, it'll probably end up being nothing and this violation of my basic freedom to choose will continue to be violated.
Watching History Channel today. All about 2012. Some of the highlites. Problem with bees dieing could cause World Starvation. Possible Cannibalism. Possible Plagues, etc.
Armageddon may be a Financial Crises throughout the World not necessarly a Weather or Natural Disaster.
Wars over natural resources.
Wall Street will be punished for their Greed and the Destruction of the World Ecomony.
Cannibalism? Then I'm staying at Walmart:
http://www.peopleofwalmart.com/?page_id=9798
Yep...linear. Slope of the line would be larger, that is all.
For the Obama Administration to be "throwing down" this gauntlet to the Republicans -- just after handing them everything they wanted with respect to tax cuts for the richest among us -- is laughable. They postponed action on the tax cut extension until the last possible moment, setting up the circumstances that led to the extension of the cuts. It also makes it possible for them to postpone the next decision to the lame duck session of 2012, after the 2012 election, and we would be foolish to anticipate anything other than a repeat of this recent dance in which both parties gave the rich everything they wanted and included a little bit for everyone else to cover themselves -- all the while further exploding our deficits for the foreseeable future. As we head toward the 2012 election campaign, there will be lots of posturing by both sides, but neither have shown any resolve when it comes to the deficit, despite promises by all to do so.
Oh BS! The Dims thought they'd win the election, cuz they're so great, and all.
Got their asses handed to them, right?
Why y'all keep underestimating the TEA party, when you've never been to a rally, is beyond me.
but...it's all over Youtube how the TP is nothing but a racist movement. I lost a friend of several years arguing that it wasn't and one of her DWL friends came in and said that if I disagreed that it was a racist movement then I was a racist too.
So it's got to be true, right?
LOL you really think there will actually be a 2012 election?
a lot of people thought there wasn't going to be an election in 2008, that Bush would declare an emergency. Funny thing, would it have made any difference?
Sad to say that it would have been preferable........and I HATED George, but Obama is just George W. policies on steroids.
"For the Obama Administration to be "throwing down" this gauntlet to the Republicans -- just after handing them everything they wanted with respect to tax cuts for the richest among us"
I've about had it with this bit of intellectual dishonesty too...the tax rates staying the same effects everyone who actually pays taxes.
There was no tax cut for the rich.
>>>The federal income tax rate STAYED the same.<<<
This is one of the reasons we can't get past square one...you start with a damned lie!
Exactamundo....
And all the talking heads and pols keep referencing a tax cut.
There was no fucking tax cut!
For anybody.
Nothing's changed!
Then we get the BS about how the tax cut will help the economy, etc. Even after it has been said that the leaders want the rate for the Billionaires (those making over $250K, Billionaires) to rise again in 2012.
S'not a tax cut.
God help us all, for it man truly is incapable of helping himself.
Gawd these people Les!
Pull up any filing for the "rich" (whatever the hell that is these days)...corporate officer or personal (if available)...you can see how their paid...the bulk usually doesn't come from wages.
There's so many damn dead red herrings you need a gas mask to walk through this place!
The fattest, goo filled, rotting in the August sun red herring of them all is 250k is rich...the price of everything has quadrupled doopled from the 1950's when a millionaire was considered rich, yet now, somehow, 250k in wages is rich!?!?...I don't make half that so I know that ain't rich...it's gotten so bad they've resorted to dumbing down the meaning of common language!
Primordial friggin scream!
And (while I'm on this rant) Leo is a coward...he's yet to respond to my post from over 24hrs. ago...after asking for civility (next he will probably be asking for compassion)...I'm sick of being civil...my compassion is overdrawn on their account...I've had it with parasitic, socialistic, statist, Keynesian's...they are thieves & liars!...nothing more...they can cry their fucking crocodile tears on each others shoulders...I'm done with them.
http://www.zerohedge.com/article/outlook-2011-climbing-wall-worry#comment-842138
Piss on em and fuck Leo...one of the biggest one of them all!
When somebody throws down a gauntlet, somebody on the receiving end has to bend over and pick it up.
And when they bend over......
Governor William J. Le Petomane: Holy underwear! Sheriff murdered! (Debt Issuance Constrained) Innocent women and children blown to bits! (Promises of Fiscal Rationality/Health-care Reform) We have to protect our phoney baloney jobs here, gentlemen! We must do something about this immediately! Immediately! Immediately! Harrumph! Harrumph! Harrumph!
http://www.youtube.com/watch?v=sm1Jyusyoqk
What are the mandates to come into the home within the heathcare bill?
For those that want to find out about the HealthCare bill and the "timline of implementation, here it is:
http://healthreform.kff.org/timeline.aspx
If you "turn off" all but "Fraud" you only ONE implementation detail, to be carried out next year!!! Oh yeah this is a great fucking bill.
Only one outcome is certain: disaffection, disillusion, dissatisfaction. No matter what the outcome of 2011, there will be hard feelings on both sides. And within each party many will feel that their own party does not truly represent their interests, or worse. Squabbling will turn to bickering, then sniping, and finally to overt hostility. Each side will blame the other for the mess in the economy. And there's plenty to be said on both sides. Austerity will be applied to those who can least afford it. Some insiders will profit enormously from the chaos and decay. The spirit of unity will be seriously challenged.
Aside from that Mrs Lincoln, how was the Play?
yetp, but no problem with endless wars 1/2 way around the world, or tax cuts for the rich, or estate tax, or earmarks, an insane domestic security apparatus. this is such a joke of a country
Problem is we all want to hold on to our assets. Yet, for those on Welfare it is free. It appears to me that if you are poor you have a greater safety net than those that have assets.
So, you have to be either poor with no assets or Filthy Rich where the amount of Health Care does not even ding your wealth. Like Buffett and Gates.
Otherwise you will spend most of your income on Heath Care trying to protect your assets from a decline in Health. That is it. No inbetween.
The middle class aka the backbone of America is being gradually liquidated as a result of economic policies of the last 30 years.
Bingo - so what to do? LIQUIDATE and buy PM's. If your accounts are empty and income low enough go get your govt cheese...
I haven't had Health Insurance for 15 years. I have been lucky. I do not pay more that $500. a year for Doctors visits or Emergency visits. I have gambled and I guess won. I am the one they want to put into the insurance pools, as I have been healthy and really do not need $900. a month premium for Health Insurance.
I figure that if I get sick I will pay them $25. per month so they will not start collections and they can wait for me to die to collect if they can. But, soon, very soon, I will be on Medicare and will have gotten away from having to pay $162,000. in Health Insurance premiums. Yep, I am the one they are targeting to help pay for all of the Deadbeats and the people that are really sick eating everyone elses lunch.
Insurers know that the only people today that have Insurance are the sick people, everyone else is opting out as Insurance is to expensive. The Insurers are taking a bath.
What you're saying is true. But here's the catch: without critical mass, everybody's healthcare suffers. Not just when you're sick, but when you're healthy. Tons of healthcare goes into preventing epidemics from decimating millions, keeping water and food supplies from killing you, keeping hospitals and offices safe and keeping medications effective and real. There's a ton of infrastructure that has to be ready 24/7 for you to survive your accident or hear attack. That costs money whether or not you use it. The alternative is having few resources you can count on.
MORE DEBT WILL SAVE US ALL!!
UNLIMITED VISA'S FOR EVERYBODY!!!!
I say, the US should already take on a extra QE to pay down future deficits! OUR GREAT GREAT GRANDCHILDREN ARE GOOD FOR IT!!!
Will the UST market withstand another raising of the debt ceiling? Probably.
Anyone notice how the definition of 'death panel' got sodomised?
They are called "life" panels. You need an organ transplant you apply to the "life" panel, such as UCLA medical program, check enclosed, (see Yakuza - organ transplants - million dollar donations). The GOP has always believed in "life" panels, and pay to play. Democrats merely want to cut back service to everyone.
Yeah, death panels are not the advance care directive (ACD) planning. The death panels are the rationing panels whose decisions for life or death treatment are not subject to review, or intervened by a doctor, or the doctor can go to jail.
As the patient, there's no way I'd fill out the ACD plan because it would be used against you on the rationing panel. They'd look at an old one signed 10 years earlier and still deny you treatment, saying you just wanted to die and didn't really want a kidney transplant. They'd say the money would therefore be better spent on delivering 20 anchor babies instead.
Yep and BooYah. Nice to see someone else awake.
Necrophilia.
I find it rather comical that all we have to do is to raise the debt limit, and everything will be okay.
Even my neurosurgeon said it was a no-brainer.
Of course, we will raise the limit.
My concern is that people are going to start getting the message, we are interest payers only, simply adding to and rolling over the principal.
If this was a homeowner who had an interest only loan for 40 years, he would have been foreclosed on years ago.
On the other hand, maybe there ARE some home loans like that out there.
Don Levit
They could always cut spending....
Haha
Thank you!
Barney (Liberal Sodomy) has really opened up my eyes.
Whites have been (and currently) are regularly discriminated against.
No doubt a FINAL SOLUTION has been implemented and Obamacare is just part of this equation.
I am a Christian... sometimes I pray for "End of the World" or at least another massive Great Flood to clean up some of the mess our people now must pay for.
WORLD WAR II ended long ago. 1948 was an unfortunate year.
WE'RE TIRED OF FIGHTING YOUR POINTLESS FUCKING WARS!
http://youtu.be/AZkx91iOUzc
WE WILL NEVER FORGET AS WE WAIT FOR YOUR MADDENESS TO BURN IN THE PUBLIC PYRE!!!
http://youtu.be/jqK_0BbZGJY
PROTECT WHITE WOMEN!
http://youtu.be/X7514g38-Ys
American women are, unfortunately, by and large trash now. They go with whatever the trend is. Go on a dating site and put in your profile "NO YO MTV girls" or something like that...you know what I mean by this, no coalburners.
You will get responses sometimes that are like that is great, agree 100%. Then you'll get the occasional response like "ghetto culture is the way it is because of injustices that favor the white middle class." Um...excuse me??? Injustices have favored the MIDDLE class? When the fuck did THAT ever happen?
In fact a lot of black girls feel like they are doomed to be spinsters because they are the "demographic in the demographic" that actually participates in the workforce and they cannot find suitable mates. You'd be surprised how many of them reject the ghetto mentality although it's a much bigger leap for an american one to spit on it like a few I know from other countries, one of whom told me "african americans are worthless; I don't know why you put up with them." lol
I also make a point to read your posts.
Unfortunately, someone around here doesn't like me very much (*cough* thegreatPonzi).
Peter Schiff is a Koch brothers puppet that wants to fuck Sarah Palin while his kin goy Andrew manages the confetti at Eurocrap... His highlights are cute though. Turning grey sucks.
(calller) "Hey Peter... You gonna work for Ron Paul's 2012 campaign... no?"
Petey: "Uhhh, ummm. let's see. Sarah Palin... um... She is running. no?"
http://www.dailypaul.com/node/148062
Having lived in multiple Bannana republics. Those with money live really really well. Those without...can clean my toilet for nickels. However, when living in these bannana replublics I can say that my healthcare was excellent. I had doctors come to my house. They cost about as much as an expensive Saturday night with the Misses. Ahh.. let the good times role.
The politicians and Bernank will keep doing the things they're doing until outside forces (not the voters) put an end to it.
We (Sheeple) can vote for whomever/whatever we want or whatever the politicians promise us, but it is outside forces which will make our decisions and tell us what we can or can not do or have, spend, buy, or drive.
Health care is a bubble. Health care services, like homes, cars, boats, and flat panels have been largely subsidized by the govt-not through your tax dollars, but through borrowing to pay for Medicare, Medicaid, Champus, Tricare, civil servants health care benefits etc. Like home prices shooting to the moon, so have health care costs. Such succulent pork. Every medical gadget maker, HMO corporation, lawyer, medical management service, joint commission hospital accreditation bureaucrat has snouted up to the money trough to gourge themselves. Hospitals in a medical arms race because the patients, pampered beyond belief, will only go, or only have to go, to the hospital that has the latest laser surgical instrument. They don't care whether it is the most effective, it just has to be "LASER"!
Higher (priced) education is a bubble, also financed through loans never to be repaid, which has also allowed tuition to escalate.
The fact that Bernank has gotten away with this financial charade for so long (and certainly longer than I expected) has only reinforced his belief that the almighty FED can defy the inevitable through the myriad tools at its disposal, but which now have all been used up except for this piece of long rope.
Will be a big battle over raising the debt ceiling. Good. I like looking at Michele Bachmann.
As opposed to that loser Debbie Wasserman-(I know nuthing!)-Schultz.
God, that rat's nest hair!
There's a lot of noise being made right now about repeal this and no raising that, but in the end what do you want to bet it'll be raised again and it won't be repealed, these guys aren't motivated by any constituent, that is unless there's a pitchfork or shotgun accompanying the constituent.
Nothing is getting repealed, folks.
Sorry... No history supporting your delusions.
Your Government and the private banks are working 24/7 to gift you back ur civil liberties.
Not stopping a Deflationary Depression dead in its tracks or anything...
Bernank is an alpha male (the dude that made the QE II cartoon is not a doomer nor a bear). Time to wake up and smell the Al Frankincense.
My family is visiting Israel this summer. I heard it is the freest country on earth next to the USA.
My grandfather's father small business collapsed during GD 1 (No credit, just promises to pay in a leather-bound book)... he is still alive and healthy and kicking at 94... never owned a credit card. Told my father never to trust his money to a banker... My money (Confetti) is stuffed under my mattress along with my Gold and Silver (although a sold 30% now that the FED is getting religion)...
He was only 32 when Israel arose from the Phoenix's ashes. Rahm is going to be my new major now that the courts okay-ed his residency issue
I don't think he has balls, is a male, and he surely is NOT an "aplha" of the Human species!!! IF he is gimme a slug to the head. LOL. He is a piece os shit and not worth a bullet in the fucking head!!!!
Good job buddy. Not like greenbackSPAM said the dollar was going to collapse or anything late 2007 after he left...He probably has Fort Knox under his bed.
Andrea Mitch doesn't get to discuss monetary policy while she is doing her chosen role.
http://youtu.be/z5MVsm2cpc0
what religion did the Fed get? Someone smelt them up a golden calf to worship or something bc "G-d" was passe?
BOzo has already announced that he will rule by decree -- essentially using Federal regulations to enforce policies that the lower house will no longer support. I think that presidential power trumps Congressional power, at least on the short term.
Nixon thought the same thing...
Money is the new god in Amerika and most other places.
And no, it was never this bad. There were past civilizations that went crazy obsessing over material wealth, but those were notable because they were so obsessed.
Being obsessed is the new norm.
Follow the money. It leads to the most inhumane, immoral and treacherous behavior, when avarice is one's life goal.
"Money is a wonderful tool, yet a horrible master."
there was some guy who preached about jesus and was around judea a long time ago who had something to say about the love of money
Rand Paul... or somebody in the Senate... NEEDs to filibuster any bill to raise the debt ceiling. Yes, close down the federal government of the USSA... and KEEP IT CLOSED.
After a few years, everyone will realize how much better life is without the tyranny of DC, and finally realize we should kill the beast and do without.
I think this isn't regular political chicanery. I think they are doing this for the sole purpose to have a republican president and a majority in both houses. They are looking at this as a strategy, and I believe the bankers are also. The republicans know Obama will bend when confronted with a fight (look at history) so what they want is him being humiliated and everything he did or wanted done to be in limbo. Just look at the tax cut, he didn't even tell his democratic people in the house and senate that he made a deal with the republicans (yea, the deal is they get everything they want and he says thank you). And he was able to slip in DADT and a few other things to make it seem like he won when in reality the republicans won.
And to say that he didn't blink just look at what Senator Reid did, he pulled the spending bill and delayed it for next year. And that was so Obama could have a perceived win and look good going into next year. Because the republicans was wanting cuts in the bill (along with some of the democrats), and he didn't want to make an unpopular cut (SS, Medicare etc.) which the republcians knew he would have to do. So the health bill of Obama's will be severely curtailed if not watered down so much as to not exists. And also the debt ceiling will be raised, I will give you that but it will be done after Obama caves and cuts certain areas of the govt. and benefits.
They got him on the run and they are taking the advantage. Obama is on the defensive and have to try to keep the stuff together to have a second term, and the republicans aren't giving him any breathing room. As I've said before I will say it again, he did this to himself and has no one else to blame. The republicans where correct, Obama had both houses (the senate was filibuster proof) and the presidency he could have passed anything he wanted. It wasn't the republicans holding him up, it was the blue dog democrats (luckily alot of them didn't get re-elected) like Blanche Lincoln (she's gone) who didn't want to make a hard vote. He ended up trying to protect these people and in so doing lost essentially both houses of govt. and ended his presidency as one term.
I will come out and say he will be one term because the republicans will be doing anything and everything they can to destroy him and his image in order to weaken him.