http://www.atr.org/obamacares-tax-hike-train-wreck-a7587
Obamacare’s Tax Hike Train Wreck:
The most destructive Obamacare tax increases are just around the bend
How can anybody read something like the above and end up with any respect for the Obamistas at all -- does anybody still doubt that they're struggling to grind us to a pulp and throw us away?
Obamacare Medical Device Tax: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales – even if the company does not earn a profit in a given year. In addition to killing small business jobs and impacting research and development budgets, this will make everything from pacemakers to artificial hips more expensive. (Bill: PPACA; Page: 1,980-1,986) Read more: http://atr.org/obamacares-tax-hike-train-wreck-a7587#ixzz2S1JqoJab Follow us: @taxreformer on Twitter
http://cnsnews.com/blog/gregory-gwyn-williams-jr/poll-obamacare-support-nosedives-tie-record-low
Poll: Obamacare Support Nosedives To Tie Record Low
Hahahaaa! "Glitches and bumps" -- is that sort of like the Cypriot government gouging people's bank accounts to pay for its own spending folly, and the ameriKan media describing it as a "haircut"?
They are so cute -- they are so CUTE the way they describe and package things. Ooh -- ooh -- some politicians are getting concerned about the merits of Obamacare, and not a minute too soon. After all, it might keep them from getting re-elected:
http://tinyurl.com/bt4drdu
ObamaCare turning out to be a disaster
http://www.standfirminfaith.com/?/sf/page/30290
The Obamacare Revolt: Physicians Fight Back Against the Bureaucratization of Health Care
http://hotair.com/archives/2010/01/12/feingold-gets-town-hall-fury-over-obamacare/
Feingold gets town-hall fury over ObamaCare
Many in the crowd lashed out at the senator over his vote on the health care reform bill.
The crowd got loud; people shouted and even made calls for Feingold to step down from the Senate....
..........Now for some really good news. Think tanks are at work on the question of what banking and financial system would actually work for ameriKa and maybe other countries too. I still fail to see why any political jurisdiction needs a bank, much less a so-called federal so-called reserve, but anything that gets people thinking beyond such banalities is positive.
http://www.truth-out.org/opinion/item/15781-remaking-the-federal-reserve-public-banks-and-opting-out-of-wall-street&utm_source=feedly
Remaking the Federal Reserve, Building Public Banks and Opting Out of Wall Street
Public Banking: A Public Bank in Every State
Ellen Brown, the president of the Public Banking Institute, argues that we need a public bank in every state and major city. The United States has one model for public banking: the bank of North Dakota. When North Dakota farmers were losing farms to Wall Street, they organized a populist movement, and in 1919, set up the bank of North Dakota. The publicly owned bank recycles state revenues into credit for the state. Thus, North Dakotans keep their money in their community.
The result has been an ongoing success. Even during the current economic collapse, North Dakota escaped the credit crisis and has maintained a budget surplus since 2008, low unemployment and no public debt.
Imagine how different California could be if it had public banks. Brown summarizes:"At the end of 2010, it had general obligation and revenue bond debt of $158 billion. Of this, $70 billion, or 44 percent, was owed for interest. If the state had incurred that debt to its own bank - which then returned the profits to the state - California could be $70 billion richer today. Instead of slashing services, selling off public assets, and laying off employees, it could be adding services and repairing its decaying infrastructure."
How does public banking work? All of the revenues of the state go into the state's public bank, which, like other banks, leverages those deposits into credit. The state bank partners with local banks to fund local projects. For example, when there is a flood or other disaster, the bank quickly helps provide funds to rebuild homes and infrastructure. It is a bank focused on serving the public interest and which returns the profits to the public.
According to Brown, there have been two recent studies that show public banks are less corrupt than private banks and that they are more efficient and more profitable. The North Dakota public bank has complete transparency and accountability - including routine audits by several agencies. It does not pay executives exorbitant salaries and bonuses. It does not reward people for churning out risky loans. And it does not engage in casino investing in risky derivatives. It has lower costs because no advertising is necessary; instead, the government guarantees the bank easy access to liquidity.
The most obvious reason for a public bank is to allow a state to use its resources to build the economy of the state by keeping resources in-state and not sending them to Wall Street, but there are other reasons. The events in Cyprus, where depositors were forced to bail out the banks through seizure of their savings, show there needs to be a banking system that protects people. Cyprus-like seizures of accounts can happen in the United States.........
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