Obamacare

CBO Misses Its Obamacare Projection By 24 Million People

Three years ago, on the eve of Obamacare’s implementation, the Congressional Budget Office (CBO) projected that President Obama's centerpiece legislation would result in an average of 201 million people having private health insurance in any given month of 2016. Now that 2016 is here, the CBO says that just 177 million people, on average, will have private health insurance in any given month of this year - a shortfall of 24 million people. Indeed, based on the CBO's own numbers, it seems possible that Obamacare has actually reduced the number of people with private health insurance.

23% Of Americans In Their Prime Working Years Are Unemployed

As this reality-check data shows, we never really had any sort of meaningful “economic recovery”, and now we have entered the early phases of the next major downturn. So where do we go from here?  Unfortunately, our debt-fueled prosperity has provided us with a massively inflated standard of living that is not even close to sustainable.  As this bubble bursts, the economic pain is going to be absolutely unprecedented.

Healthcare Is About To Surpass Housing As The Biggest Source Of American "Growth"

What was most troubling in yesterday's GDP report is that the second highest spending category making up the GDP calculation, Healthcare at $1.9 trillion, has been soaring in recent years, more than offsetting the housing weakness, and as the chart below shows, the US economy is within 2-3 quarters of the moment when outlays on healthcare (and Obamacare) will surpass spending on Housing.

Thanks Obamacare: This Is What Americans Spent Most Money On In 2015

We have been covering the consumption tax, pardon, endless spending black hole that is Obamacare for over a year, so we doubt it will come as a surprise to anyone that in 2015 healthcare was the second biggest use of US consumer funds, soaking up a record $1.9 trillion in real dollars, and more importantly for US economic "growth", the single biggest source of incremental spending by nearly a factor of two.

Who's Anti-American?

The system is rigged... and rotten. Elections are exercises in solemn deceit. And the Fed’s management of the economy is a mixture of delusion and self-serving scam. We don’t have much doubt about it. That’s just the way it is. But that honesty is "cynical" and "anti-American," according to some. However, we’re not alone in our skepticism. Apparently, about half the country is “anti-American.”

Will A Trump Presidency Really Change Anything For The Better?

Whatever Trump is, his popularity does indicate a rising tide of discontent within the U.S.  The damage to America has for the most part already been done, and there will be no avoiding the consequences. That said, how we rebuild can still be determined. No political leader including Trump will ever be able to heal the American system or the American psyche, but the efforts of millions of independent and liberty minded Americans can. We have a long and terrible struggle ahead of us, but to look at it from an “optimistic” perspective, at least Americans are becoming sick of the status quo. That is a start.

The Cashless Society - Keynesian "Stability" Vs Trumpian Turmoil

"Keynesianism has always been at war with savings since its principle tenet is that savings are bad, consumption is good. The Keynesian central planning authorities at the Fed and elsewhere would like to see a cashless society because keeping cash can be a form of savings instead of consumption. I think we are headed toward a cashless society unless the public wakes up and begins to protest this... which is why the establishment despises Trump as the figurehead for this awakening...If I were Donald Trump I would also double or triple my personal security detail."

Voting To Destroy The Establishment

Trump’s blunt, angry, provocative, anti-establishment message has struck a chord among millions of disaffected Americans who have been ignored, abused, scorned, and shit on by the elitist establishment, banking cabal, corrupt politicians and government apparatchiks. The Deep State establishment has overstepped their bounds. Their ravenous pillaging of the national wealth through outsourcing millions of American jobs, largest mortgage control fraud in history, and outrageous gall in shifting their losing bets onto the backs of hard working Americans is about to bite them in the ass.

Much More Than Just Trump

Whether Trump does or does not make it all the way to the White House, the wave he’s riding will only grow stronger, tsunami-strength when the economy collapses and the world descends into war. If the idiot class and its rabble subvert him, a quote from John F. Kennedy will surely come back to haunt them: "those who make peaceful revolution impossible will make violent revolution inevitable."