via budget.house.gov
via budget.house.gov
Great article about Treasury Secretary Timmy G's testimony today at the congressional hearing
Health Care Crisis!
Amazing how quickly he was able to get it all said!!!
Pictured below is a young physician by the name of Dr. Starner Jones. His short two-paragraph letter to the White House accurately puts the blame on a "Culture Crisis" instead of a "Health Care Crisis". It's worth a quick read:
Dear Mr. President:
During my shift in the Emergency Room last night, I had the pleasure of evaluating a patient whose smile revealed an expensive shiny gold tooth, whose body was adorned with a wide assortment of elaborate and costly tattoos, who wore a very expensive brand of tennis shoes and who chatted on a new cellular telephone equipped with a popular R&B ringtone.
While glancing over her patient chart, I happened to notice that her payer status was listed as "Medicaid"! During my examination of her, the patient informed me that she smokes more than one costly pack of cigarettes every day and somehow still has money to buy pretzels and beer.
And, you and our Congress expect me to pay for this woman's health care? I contend that our nation's "health care crisis" is not the result of a shortage of quality hospitals, doctors or nurses. Rather, it is the result of a "crisis of culture," a culture in which it is perfectly acceptable to spend money on luxuries and vices while refusing to take care of one's self or, heaven forbid, purchase health insurance. It is a culture based in the irresponsible credo that "I can do whatever I want to because someone else will always take care of me".
Once you fix this "culture crisis" that rewards irresponsibility and dependency, you'll be amazed at how quickly our nation's health care difficulties will disappear.
Respectfully,
STARNER JONES, MD
My husband received this today - as I said in previous posts, he is a firefighter, and the IAFF (firefighters union) is affiliated with the AFL-CIO, which is why he gets these e-mails. Just trying to get the word out on what their agenda is.
Dear XXXX, Wall Street banks threw our economy into crisis. Bailing them out cost taxpayers hundreds of billions of dollars. Now, with unemployment at 10 percent, those same Wall Street banks are planning to give six- and even seven-figure bonuses to the executives who created this mess. It's time to say enough, and send the banks a final notice. Payment is past due on the harm they've done to the economy. Payment is past due on all the ways they've mistreated their customers—from excessive credit card fees to risky mortgages. We're letting the bankers know—since they won't rein themselves in, the government is going to have to do it. And we're letting our senators know we want the banks to face consequences for their actions: Click here to let the bankers know this is their final notice. Your message also will go to your senators to urge them to rein in the banks. In solidarity, Marc Laitin P.S. Yesterday, AFL-CIO President Richard Trumka told us the Massachusetts special election results demand harder, faster, smarter action from us on working family issues. Sending this final notice to the big banks is our first step. Take action now!
AFL-CIO Online Mobilization CoordinatorVisit the Web address below to tell your friends about this. Tell-a-friend!
If you received this message from a friend, you can sign up for Working Families e-Activist Network. If you would like to unsubscribe from the e-Activist Network, or update your account settings, please visit your subscription management page.
Nothing established the idea that government intervention in the economy is essential like the Great Depression of the 1930s.
The raw facts tell the story of that historic tragedy: National output fell by one-third between 1929 and 1933, thousands of banks failed, unemployment peaked at 25%, corporations as a whole lost money two years in a row.
Prior to this time, no president had attempted to have the federal government intervene to bring a depression to an end.
Many saw in the Great Depression the failure of free market capitalism as an economic system and a reason for seeking a radically different kind of economy — for some Communism, for some Fascism and for some the New Deal policies of Franklin D. Roosevelt's administration.
read the rest here www.investors.com
Rep. Barney Frank is not a wobbly moderate in a marginal district, but a liberal Democrat who has been supportive of the health care push. And that's why this statement below, which essentially rules out all of the options being discussed for pushing through Obamacare, deals a potentially fatal to the legislation:
“I have two reactions to the election in Massachusetts. One, I am disappointed. Two, I feel strongly that the Democratic majority in Congress must respect the process and make no effort to bypass the electoral results. If Martha Coakley had won, I believe we could have worked out a reasonable compromise between the House and Senate health care bills. But since Scott Brown has won and the Republicans now have 41 votes in the Senate, that approach is no longer appropriate. I am hopeful that some Republican Senators will be willing to discuss a revised version of health care reform because I do not think that the country would be well-served by the health care status quo. But our respect for democratic procedures must rule out any effort to pass a health care bill as if the Massachusetts election had not happened. Going forward, I hope there will be a serious effort to change the Senate rule which means that 59 votes are not enough to pass major legislation, but those are the rules by which the health care bill was considered, and it would be wrong to change them in the middle of the process.”
via spectator.org
Back on topic, Stossel is partially right. The banker’s greed isn’t what caused the housing market to collapse and have that negative ripple effect – it was congress/senate legislation that stripped away a banker’s normal mode of evaluating risk which caused the problem. The bankers are obligated to make money for their shareholders. If you invent crazy lending rules, the bankers are going to adapt and still try and make money for their shareholders. And bank executives are going to set up a bonus structure that rewards making money – on top of the crazy lending rules.
via www.breitbart.tv
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