Under the Gang of 8â€™s backroom immigration deal with Senators Schumer, Corker and Hoeven, formerly illegal immigrants who are amnestied will be eligible to work, but will not be eligible for ObamaCare. Employers who would be required to pay as much as a $3,000 penalty for most employees who receive an ObamaCare healthcare â€œexchangeâ€ subsidy, would not have to pay the penalty if they hire amnestied immigrants.
Consequently, employers would have a significant incentive to hire or retain amnestied immigrants, rather than current citizens, including those who have recently achieved citizenship via the current naturalization process.
Beginning in January,Â businessesÂ with 50 or more full-time employees, that do not currently offer healthcare benefits that are considered â€œacceptableâ€ by the Obama administration, must pay a penalty if at least one of their workers obtains insurance on a new government-run â€œexchange.â€ TheÂ penaltyÂ can be as much as $3,000 per employee.
Many employers have been preparing to cope with the new regulations byÂ slashing the hours of full-timers to part-time status. Since â€œfull-time,â€ in the language of ObamaCare, is averaging 30 hours per week, employers will, in general, receive the penalty if they have 50 or more employees who are working an average of 30 hours per week.
If the immigration bill becomes law, many employers could receive incentives of hundreds of thousands of dollars to hire amnestied immigrants over American citizens. In addition, these newly legalized immigrants could work â€œfull-time,â€ an advantage for companies and businesses as well, while employers could lay off or diminish to â€œpart-timeâ€ status, American workers.
At the moment, there is just one, singular force holding back the IRS from making an all-out, systematic assault on conservative Americans as a way of life in this country. That force is the Republican-controlled House of Representatives. Were theÂ bodyÂ not in GOP hands, the IRS targeting of a significant number of citizens for their political beliefs would have already fallen from the headlines. No hearings would be held. No one would be asked to resign. Or if they were, it would only be for show, as the agency continued to target anti-government Americans with Washington’s tacit approval.
Such a one-party system can be arranged, starting this week, as the Senate begins debating the immigration bill. It’s merely a matter of demographics. If amnesty is given to 11 million illegal aliens by Congress, the shift to an America one-party state will accelerate at warp speed.
That’s because the amnesty isn’t really for 11 million people, but for over 30 million. If amnesty for the 11 million illegal aliens currently in the country passes, within a decade, Rosemary Jenks, a lawyer with NumbersUSA tells me, at least 17 million additional people will qualify for permanent legal status, the first step in the pathway to citizenship. They will come as part of the “family unification” process that will allow today’s illegal aliens to bring their family members here. These people would be eligible to enter the country not decades from now, but in the decade after the immigration bill as currently proposed in the Senate passes. Jenks says her estimate of close to 30 million illegals and their families gaining permanent legal status within the coming decade is actually conservative.
[…] Â Republicans and conservatives like to kid themselves that the values they hold in common with largely Hispanic illegal aliens of today could somehow make them competitive with this demographic if they mollified them with amnesty, but that won’t work.
A mind-blowing 75 percent of Hispanics tell Pew they want bigger government with more services. Contrast that with just 41 percent of the American public that says it wants bigger government with more services. (Some 45 percent of the general American population wants smaller government with fewer services. For Hispanics, it’s 19 percent.)
This Hispanic love affair with big government isn’t a short-term result of the Great Recession. It isn’t a temporary product of the first-generation poverty; immigrants, legal or otherwise, have always struggled through in America. This affection for big government is uniquely cultural for Hispanics, and so strongly embedded that it apparently persists for generations.
Some 81 percent of first-generation Hispanic immigrants tell Pew pollsters they prefer big government. In the second generation, it’s 72 percent. By the third generation, the number is just shy of 60 percent. Contrast that, again, with the mere 41 percent of the general American population that feels the same.
Conservative or Republican candidates have no way to win this class of voter except to offer him an all-powerful government that provides for more of his needs than the one their Democratic opponent is offering. Otherwise, they’ll lose large portions of this vote — for generations. Once former illegal immigrants start voting, an amnesty granted a decade before by a bipartisan majority will be but a distantmemory.
It must be fun for liberals to manipulate Republicans into focusing on hopeless causes. Why donâ€™t Democrats waste their time trying to win the votes of gun owners?
As journalist Steve Sailer recently pointed out, the Hispanic vote terrifying Republicans isnâ€™t that big. It actually declined in 2012. The Census Bureau finally released the real voter turnout numbers from the last election, and the Hispanic vote came in at only 8.4 percent of the electorate â€” not the 10 percent claimed by the pro-amnesty crowd.
[…] Â In raw numbers, nearly twice as many blacks voted as Hispanics, and nine times as many whites voted as Hispanics. (Ninety-eight million whites, 18 million blacks and 11 million Hispanics.)
So, naturally, the Republican Partyâ€™s entire battle plan going forward is to win slightly more votes from 8.4 percent of the electorate by giving them something they donâ€™t want.
As Byron York has shown, even if Mitt Romney had won 70 percent of the Hispanic vote, he still would have lost. No Republican presidential candidate in at least 50 years has won even half of the Hispanic vote.
[…] Â The (pro-amnesty) Pew Research Hispanic Center has produced poll after poll showing that Hispanics donâ€™t care about amnesty. In a poll last fall, Hispanic voters said they cared more about education, jobs and health care than immigration. They even care more about the federal budget deficit than immigration! (To put that in perspective, the next item on their list of concerns was â€œscratchy towels.â€)
Also, note that Pew asked about â€œimmigration,â€ not â€œamnesty.â€ Those Hispanics who said they cared about immigration might care about it the way I care about it â€” by supporting a fence and E-Verify.
Who convinced Republicans that Hispanic wages arenâ€™t low enough and what they really need is an influx of low-wage workers competing for their jobs?
Maybe the greedy businessmen now running the Republican Party should talk with their Hispanic maids sometime. Ask Juanita if sheâ€™d like to have seven new immigrants competing with her for the opportunity to clean other peopleâ€™s houses, so that her wages can be dropped from $20 an hour to $10 an hour.
A wise Latina, A.J. Delgado, recently explained on Mediaite.com why amnesty wonâ€™t win Republicans the Hispanic vote â€” even if they get credit for it. Her very first argument was: â€œLatinos will resent the added competition for jobs.â€
As shown by demographer Eric Kaufman of the University of London, religious couples across all cultures are for obvious reasons (including but not limited to abortion) having more children per family than are the secular-irreligious, whose birthrates are below replacement â€” which means a declining population.
“After 2020,” says Kaufman, the devoutly religious of all faiths “will begin to tip the culture wars to the conservative side.”
The liberal-counterculture Democrats will of course continue fighting this war in the schools and through the media, but have only one major demographic weapon to counter the fertility gap that is working relentlessly against them.
That weapon is illegal immigration. As the population trends move steadily conservative, the liberals must bring into the country and enfranchise new voters who will reliably cast Democratic ballots.
That, and that alone, is the real issue in the battle over immigration and why the Democrats are so bent on gaining amnesty for illegals. All the rest is window dressing.
Funny how Marxists don’t recognize your unalienable right to keep the fruits of your labor (especially if you happen to be more successful than they think you should be), but they claim that they have a “right” to demand free goodies at the expense of others.
Speaking outside on a sunny day, Harris-Perry says in an ad that aired Wednesday morning:
Americans will always want some level of inequality, because itâ€™s a representation of meritocracy.Â People whoÂ work hard and sacrifice and saveÂ their money and make major contributions â€”Â we think that they should earn a little more.Â They should have more resources, and thatâ€™s fine.Â But we also, however, have to have a floor under which nobody falls.Â And if youâ€™re below that â€” especially if youâ€™re a child and youâ€™re below that â€” we are not going to accept that.Â YouÂ doÂ have the the right to health care, and to education, and to decent housing and to quality food at all times. Â â€‹[Emphasis added]
When something is a “right” (your life or conscience, for instance), it means you don’t have to do anything to earn it. You get to have it just for existing. It’s a gift from your Creator.
When you describe goods and services like foodÂ and housing as “rights,” you are saying that the people who produce these goods and services are obligated to provide them for you, whether you pay for them or not. There’s a word for this: slavery. Only slaves are forced to produce for others without compensation. TRUE rights come from God, and are unalienable. They cannot be provided by others, who could just as easily take them away.
You have an unalienable right to work and trade for goods and services. You do NOT have a “right” to demand them free of charge from others.
Welcome to the “new normal” under Obamanomics. Â In Europe, where Keynesian economics and Democratic Socialism has dominated for decades, unemployment rates are in the 20’s. Â For the younger generation, they’re even higher. Â Â Yet, instead of learning from their mistakes, Obama and the Democrats insist on repeating them. Â Â Millions of innocent people are being hurt in the process.
After a full year of fruitless job hunting, Natasha Baebler just gave up.
She’d already abandoned hope of getting work in her field, working with the disabled. But she couldn’t land anything else, either â€” not even a job interview at a telephone call center.
Until she feels confident enough to send out resumes again, she’ll get by on food stamps and disability checks from Social Security and live with her parents in St. Louis.
“I’m not proud of it,” says Baebler, who is in her mid-30s and is blind. “The only way I’m able to sustain any semblance of self-preservation is to rely on government programs that I have no desire to be on.”
Baebler’s frustrating experience has become all too common nearly four years after the Great Recession ended: Many Americans are still so discouraged that they’ve given up on the job market.
Older Americans have retired early. Younger ones have enrolled in school. Others have suspended their job hunt until the employment landscape brightens. Some, like Baebler, are collecting disability checks.
It isn’t supposed to be this way. After a recession, an improving economy is supposed to bring people back into the job market.
Sadly, until we get rid of Obamanomics, the jobs won’t be coming back. Â Business aren’t hiring because they never know when they’re going to be hit with a costly new regulation or tax. Â Â EntrepreneursÂ aren’t willing to take the risk to start a new business in such a hostile business climate.
President Obama heads into the third month of his second term, still unable to find a cure for a sluggish economy, weak employment numbers and his own slipping job approval scores.
Second terms are usually challenging for presidents who have won re-election without having the slightest idea about what they will do over the next four years. And thatâ€™s what we are witnessing now with Obama, whose biggest problem is the anemic, job-challenged economy.
[…] Â The depressing headlines of the past few days tell a sad tale of what the economy is like under his presidency:
â€“ â€œWeekly Jobless Claims Get Weaker as Outlook Dimsâ€ was the gloomy headline over a Reuters news wire story Thursday morning on the CNBC website.
â€œThe number of Americans filing new claims for unemployment benefits rose to its highest level in four months last week, suggesting the labor market recovery lost some steam in March,â€ Reuters reported.
â€“ â€œHiring Is Weaker at Private Companies,â€ a Washington Post headline blared Thursday.
â€œCompanies hired at the weakest pace in five months in March as recent strong demand for construction jobs evaporated and growth in the vast services sector slowed, signs that the economic recovery could be hitting a soft patch,â€ the newspaper reported.
Thatâ€™s the conclusion of the ADP National Employment Report Wednesday, which showed â€œthat private employers added 158,000 jobs last month.â€ The ADP job survey said â€œthe gain was the smallest since October.â€
A separate report Wednesday on the services industry, the economyâ€™s largest job sector, showed that employment growth â€œpulled back in March.â€
You do not hear any of these reports on the nightly TV news because the networks cherry-pick reports that feed the White House line of a continuing economic recovery.
[…] Â Thankfully, there are economic reporters who resist touting the White House line that everything is rosier under Obamaâ€™s policies.
â€œWeâ€™re approaching the four-year anniversary of the economic recovery, and it still doesnâ€™t feel like much of one, what with the unemployment rate at 7.7 percent and wages stagnant over the past five years,â€ Neil Irwin, the Postâ€™s veteran economic analyst, recently reported.
Even as the Obama White House prepares for aÂ star-studded White House concertÂ featuring Queen Latifah, Cyndi Lauper, and Justin Timberlake, figures from the U.S. Census Bureau reveal that roughlyÂ 50 million Americansâ€”one in sixâ€”now live below the poverty line.
Additionally, one in five American children have fallen below the poverty line; the last time poverty levels were this high, Lyndon Baines Johnson was president.
“In the last three years, there’s been a great change in the kinds of people we are serving,â€ said Director of Community Services at Catholic Charities of Baltimore Mary Anne Oâ€™Donnell. â€œThere are increasing numbers of people who owned a home, lost their jobs, end up living in their car and are coming with children to our soup kitchen.â€
The U.S. government defines a family of four earning under $23,021 as living in poverty. Income used to compute poverty status doesÂ notÂ include non-cash benefits, such as food stamps and housing subsidies.
Welfare program enrollments have exploded under President Barack Obama. Americans on food stamps nowÂ outnumberÂ the combined populations of 24 U.S. states, costing taxpayers more than double the amount spent on food stamps five years ago. In January 2009, 31.9 million Americans received food stamps. Today, that figure is 47.79 million.
One of the big differences between the United States and Cyprus is that the U.S. government can simply print more money to get out of a financial crisis. But Cyprus cannot print more euros, which are controlled by international institutions.
Does that mean that Americans’ money is safe in banks? Yes and no.
The U.S. government is very unlikely to just seize money wholesale from people’s bank accounts, as is being done in Cyprus.
But does that mean that your life savings are safe?
No. There are more sophisticated ways for governments to take what you have put aside for yourself and use it for whatever the politicians feel like using it for.
If they do it slowly but steadily, they can take a big chunk of what you have sacrificed for years to save, before you are even aware, much less alarmed.
That is in fact already happening.
When officials of the Federal Reserve System speak in vague and lofty terms about “quantitative easing,” what they are talking about is creating more money out of thin air, as the Federal Reserve is authorized to do â€” and has been doing in recent years, to the tune of tens of billions of dollars a month.
When the federal government spends far beyond the tax revenues it has, it gets the extra money by selling bonds. The Federal Reserve has become the biggest buyer of these bonds, since it costs them nothing to create more money.
This new money buys just as much as the money you sacrificed to save for years. But more money in circulation, without a corresponding increase in output, means rising prices.
Although the numbers in your bank book may remain the same, part of the purchasing power of your money is transferred to the government. Is that really different from what Cyprus has done?
Through the centuriesÂ â€“Â in historic cultures like that of Yap Island who used giant, immovable stone disks for commerce, to today’s United States, whose Dollar fiat currency exists primarily in digital formÂ â€“Â “money” is able to be exchanged for goods and services because society agrees to accept it (at a certain rate of exchange).
But what happens when a society starts doubting the value of its money?
Fed, the Great & Powerful
The podcast goes into the mind-blowingly simple process by which new money is created in America by the Federal Reserve (or the “Fed”). That is to say:
The Fed holds a meeting
Those in the room decide how many more dollars they think the world needs
Someone walks over to a computer and adds that many dollars to the banks, with a few clicks of the keyboard
The banks then, if they want to, lend this new money out into the economy on a fractional basis, adding even more “thin air” dollars to the nation’s money supply.
This unique ability in America lends the Fed enormous power. The power to create new money from nothing. With no limit.
And with that power, the Fed can control and/or influence economies and markets the world over.
[…] Â Money is not wealth. It is merely aÂ claimÂ on wealth.
You can’t print your way to prosperity. History is abundantly clear on that.
With the clarity of hindsight, it’s now obvious how the Fed has now painted itself into a corner.
[…] Â Cyprus has awakened the world to the reality that central planners can appropriate their money with the bang of a gavel. And while we don’t yet know with certainty how things will unfold in Cyprus, we can project that events there have shaken society’s confidence in the soundness of fiat currency in general. If we know it can be confiscated or devalued overnight, we are less likely to unquestioningly accept its stated value. This doubt that strikes at the very foundation of modern monetary systems.
Cyprus is meaningful in the way that it shines a light on both the importance of hard assets and the risk it poses to market stability. It certainly increases the risk of our prediction ofÂ a 40%+ stock-market correction by September, as investors begin to realize that current high values are simply the ephemeral effect of too much money, instead of a sign of true value.
At this point, prudence suggests we prepare for the worst (by parking capital on the sidelines, investing in our personal resilience, etc.) and add to our hard asset holdings (likeÂ precious metalsÂ bullion, productive real estate, etc.) as insurance to protect our purchasing power. The dollar may strengthen for a bit versus other currencies and perhaps the financial markets, but the long-term trend is a safer and surer bet: Dollars will be inflated. There will be more of them in the future than there are today. So, while our dollars still have the purchasing power they do, we should use the window of time we have now to exchange paper money for tangible wealth at today’s prices.
In Europe, “green” policies to eliminate nuclear and coal power for “green” alternatives worked so well that desperate Greeks and Germans resorted toÂ stealing firewood from local forestsÂ to keep warm this winter.
Sadly, it doesn’t appear that Obama’s nominee has learned from their mistake. Â He insists that skyrocketing energy prices are just what we need to force people away from fossil fuels towards a gloriously “green,” utopian future:
President Obamaâ€™s Energy secretary nominee regards a carbonÂ tax as one of the simplest ways to move the energy industry towards clean technologies, though he notes that government would have to come up with a plan to mitigate the burden this tax places on poor people, who would pay the most.
â€œUltimately, it has to be cheaper to capture and store it than to release it and pay a price,â€ MIT professor and Energy nominee Ernest MonizÂ told the Switch Energy ProjectÂ in an interview last year. â€œIf we start really squeezing down on carbon dioxide over the next few decades, well, that could double; it could eventually triple. I think inevitably if we squeeze down on carbon, we squeeze up on the cost, it brings along with it a push toward efficiency; it brings along with it a push towards clean technologies in a conventional pollution sense; it brings along with it a push towards security. Because after all, the security issues revolve around carbon bearing fuels.â€
Moniz position is not far from that of Energy Secretary Steven Chu before he took a job in the Obama administration. â€œWe have to figure out how to boost the price of gasoline to the levels in Europe,â€ Chu said in 2008. Last year,Â gas hit $9 a gallon in Greece.
Over one-third of the 9.1 million full-time jobs among America’s diverse business franchises could be cut back or eliminated by Obamacare as small businesses struggle to maintain profitability while coughing up money to pay for Washington-mandated health care coverage, according to the International Franchise Association.
Cause premiums to skyrocket.Â In December,Â state insurance commissioners warnedÂ Obama administration officials that the law’s market regulations would likely cause “rate shocks,” particularly for younger, healthier people forced by ObamaCare to subsidize premiums for those who are older and sicker.
“We are very concerned about what will happen if essentially there is so much rate shock for young people that they’re bound not to purchase (health insurance) at all,” said California Insurance Commissioner Dave Jones.
That same month, Aetna CEO Mark Bertolini said ObamaCare will likelyÂ cause premiums to doubleÂ for some small businesses and individuals.
And a more recent survey of insurers in five major cities by theÂ American Action ForumÂ found they expect premiums to climb an average 169%.
Cost people their jobs.Â The Federal Reserve’s MarchÂ beige bookÂ on economic activity noted that businesses “cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff.”
Around the same time,Â Gallup reportedÂ a surge in part-time work in advance of ObamaCare’s employer mandate. It found that part-timers accounted for almost 21% of the labor force, up from 19% three years ago.
Meanwhile, human resources consulting firmÂ AdeccoÂ found that half of the small businesses it surveyed in January either plan to cut their workforce, not hire new workers, or shift to part-time or temporary help because of ObamaCare.
Tax the middle class.Â IBD reportedÂ in February that much of the $800 billion in tax hikes imposed by ObamaCare will end up hitting the middle class, including $45 billion in mandate penalties, $19 billion raised by limiting medical expense deductions, $24 billion through strict limits on flexible spending accounts, plus another $5 billion because ObamaCare bans using FSAs to buy over-the-counter drugs.
The Obama administration is planning new cuts to Medicare, a federal regulatory filing reveals, cuts that could mean higher premiums or seniors losing their coverage altogether.
The new cuts come in the form of a planned reduction in the reimbursement rates the government pays to insurance companies that operate Medicare Advantage plans, which are services administered by private for-profit or non-profit providers that offer additional services than can be found in traditional Medicare.
Though Democrats denied it during the 2012 campaign, Obamacare cutÂ MedicareÂ by $716 billion in order to partially fund $1.9 trillion in new entitlement spending over the next ten years. A big chunk of those Medicare cuts came from the market-oriented MedicareÂ AdvantageÂ program. Cleverly, the Obama administration postponed the Medicare Advantage cuts until after the election, so as to persuade seniors that everything would be just fine. But the election is over. On Friday, the administration announced that it would be significantly reducing funding for the popular program. Obamaâ€™s proposal, according to one analyst, â€œwould turn almost every plan in the industry unprofitable.
Democrats have long been hostile to theÂ MedicareÂ Advantage program, which allows seniors to get their Medicare coverage through plans administered by private insurers. Today, more than a quarter of retirees get their coverage through Medicare Advantage, and the program has experienced rapid growth over the past decade. Richard Foster, the recently-retired chief actuary of the Medicare program, has projected that Obamacareâ€™s cuts to Medicare Advantage would force half of its current enrollees to switch back to the old, 1965-vintage Medicare program.Â Robert BookÂ and James Capretta estimate that this will cost enrollees anÂ average of $3,714 in 2017 alone.
House Speaker John Boehner (R-Ohio) said he would not include language to defund Obamacare in the continuing resolution bill when it returns to the House, stating, â€œour goalâ€ is â€œnot to shut down the government.â€
Why on earth are they so afraid of a government shutdown? Â It certainly didn’t kill us in the 90’s – most people can’t even remember how (or if) it even affected them!
Maybe what they’re REALLY afraid of is Americans realizing that their lives can go merrily along just fine – and a lot freer – without Big Government interference every step of the way. Â Â That we really don’t need them as much as they need us (and our money) to legitimize their existence.
All Republican members of the SenateÂ voted to defundÂ Obamacare as an amendment to the Continuing Budget Resolution. The vote definitely puts a little heat onÂ certain Dem. SenatorsÂ up for re-election in 2014.
House Republican leadership recently pushed through a Continuing Resolution that included funding for Obamacare, despite the protests of many members of the GOP. Speaker Boehner and House Majority Whip Eric CantorÂ received flakÂ in conservative circles for rushing through a hasty vote.
The House of Representatives possesses the â€œpower of the purseâ€ under Constitutional law, so it is not required to fund the executive branchâ€™s activities. It would be extremely rare to withhold funding for government programs, but if there ever was a program as unethical and fiscally ruinous ever devised, it would be Obamacare.
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.
Watching the filibuster, the thought occurred to me that this is exactly what should have been done with Obamacare in 2009/2010.Â Why didnâ€™t Mitch McConnell use every parliamentary procedure to block Obamacare?Â More relevant to today, these same senators should engage in the same educational filibuster against funding Obamacare next week when the Senate considers the CR.Â Â If nothing else, weâ€™re long overdue for a national discussion over Obamacare, personal liberty, and free markets.Â We need to take this #StandWithRand show and run with it.
In one of the most politically despicable moves ever perpetrated by a sitting administration, federal immigration officials haveÂ releasedÂ hundreds of illegal aliens from prison inÂ anticipationÂ of budget cuts produced by the sequester.Â â€œAs fiscal uncertainty remains over the continuing resolution and possible sequestration, ICE has reviewed its detained population to ensure detention levels stay within ICEâ€™s current budget,â€ said agency spokeswoman Gillian M. Christensen in a statement. Immigration officials further warned that even more releases are possible, if the anticipated cuts are realized.
In Arizona, Pinal County Sheriff Paul Babeu, whoÂ revealedÂ that more than 500 inmates were released in his county alone, put this ploy in the proper perspective. â€œPresident Obama would never release 500 criminal illegals to the streets of his hometown, yet he has no problem with releasing them in Arizona. The safety of the public is threatened and the rule of law discarded as a political tactic in this sequester battle,â€ he said.
[…] Â In a coordinated scare tactic,Â DHS Secretary Janet A. Napolitano on MondayÂ warnedÂ that, if the sequester occurs, as many as 5000 border agents will also be furloughed, increasing the chances that even more, and possibly more dangerous, illegal aliens will be roaming the countryside.Â â€œI donâ€™t think we can maintain the same level of security,â€ Ms. Napolitano contended.
Sen. Tom Coburn (R-OK) cut right through the manufactured hysteria. In aÂ letterÂ sent to Ms. Napolitano, he outlined a host of alternative cuts Ms. Napolitano could make. Yet the most telling part of that letter was the revelation that DHS will have approximately $9 billion inÂ unspentÂ funds by the end of FY2013, â€œraising the question of whyÂ we would not start reclaiming these funds,â€ Coburn wrote.
[…] Â OnceÂ again,Â the President of the United States has made it clear that he and his administration are prepared to implement their agenda by any means necessary. In this case,Â Obama, along with DHS and ICE officials, have now demonstrated that they are more than willing to potentially endanger American lives, rather than accept a â€œcutâ€ that merely reduces the overall increase in government spending. The president undoubtedly sees such tactics as â€œnegotiation.â€ Extortion is more like it.
The president is also threatening to drop our border guard.Â In a rational age, these acts would be impeachable. Not too many years ago Californians recalled a governor for offering drivers licences to illegal aliens, and here we have a president flagrantly violating his oath to defend the nation.
Come January, many children currently enrolled in the State Childrenâ€™s HealthÂ Insurance Program (CHIP) will be compulsorily moved out of their current health plans and into state-run Medicaid plans â€“ as a result of Obamacare.
During the 2012 election campaign, Democrats denied that ObamaCare made $716 billion in cuts to Medicare in order to provide funding toward $1.9 trillion in new entitlement spending over the next ten years.
In an announcement on Friday, however, the Obama administration revealed that it would be significantly reducing funding for Medicare, a move that one health insurance analystÂ saidÂ â€œwould turn almost every plan in the industry unprofitable.â€
[…] Â Â Regarding the cuts, Americaâ€™s Health Insurance Plansâ€™ (AHIP) president Karen Ignagni said, â€œWashington cannot tax and cut Medicare Advantage this much and not expect seniors to be harmed.”
Younger, healthier people, many of whom voted forÂ Mr. ObamaÂ in droves, will see their insurance premiums climb sharply as Obamacare demands that insurers provide them with more medical coverage than they want or need.
[…] Â Mark Bertolini, CEO ofÂ Aetna Inc.Â â€” the nationâ€™s third-largest health insurance company â€” warned at the end of 2012 that Americans will face a â€œpremium rate shockâ€ when the presidentâ€™s tidal wave of regulations kick in next year.
Mr. BertoliniÂ predicts unsubsidized insurance premiums will shoot up by 20 percent to 50 percent, on average.
Those numbers may be just for the lucky ones. Some consumers will see their costs double. â€œWeâ€™re going to see some markets go up as much as 100 percent,â€Â Mr. BertoliniÂ toldÂ BloombergÂ News.
In less than a year, Americans will be hit with not only higher insurance premiums, but massive tax increases:
While much of the dialogue on healthcare reform centers on the federal mandate of health coverage for all Americans â€“ which many conservatives call the largest tax increase in U.S history â€“ less attention is being given to the massive sales tax increase on the purchase of health insurance also implicit within the legislation that will dramatically escalate costs for employers and consumers.
[T]he tax increases that remain on the books will cost taxpayers more than $675 billion over the next ten years. Chief among these will be the sales tax on the purchase of health insurance, totaling $101.7 billion, and making it larger than all the other industry-specific taxes combined.
â€œThe health insurance tax will add a financial burden on families and small businesses at a time when they can least afford it, and it should be repealed, â€ says AHIP, a trade association representing health insurance industry providers, in todayâ€™s call for the repeal of the health insurance tax before it can take affect.
Last month, the CEO of the nationâ€™s largest health insurance company warned that he and his peers may balk at participating in Obamacareâ€™s insurance exchanges â€” online, government-run portals where consumers and small businesses without conventional employer-sponsored coverage may shop for policies starting next year.
[…] Â Thatâ€™s ominous news for Obamacare. If insurers donâ€™t participate in the lawâ€™s exchanges, then consumers who had hoped to secure affordable coverage through the new marketplaces will instead find few choices and high prices. Taxpayers could be hit hard, too, as higher premiums in the exchanges will require more public spending on subsidies.
[A]s ObamaCare’s official launch date approaches, even its backers are beginning to admit that the law could actually create powerful incentives for millions of people and thousands of businesses to drop their coverage, despite the mandate.
[…] Â “We are very concerned,” California Insurance Commissioner Dave JonesÂ told federal health officialsÂ at a December meeting, “if there is so much rate shock for young people that they’re bound not to purchase (health insurance) at all.”
The cause of this rate shock is simple: ObamaCare imposes what is called “community rating” on insurance companies, effectively forcing them to charge the young and healthy more so they can charge older and sicker consumers less.
[…] Â ObamaCare also forbids insurance companies from turning anyone down â€” a reform called “guaranteed issue” â€” which also will provide an incentive for some to drop coverage, knowing they can get it back any time.
“Even with the tax penalty … some healthy people would avoid purchasing coverage until they are sick,” Howard Shapiro, director of public policy at the Alliance of Community Health Plans,Â told regulatorsÂ .
The problem is that if the young and healthy drop coverage, the result would be what the industry calls a “death spiral.” Premiums will climb as the pool of insured gets sicker, causing still more to cancel their policies.