Tag: bankruptcy

Nearly two thirds of the fraud and waste lost by the federal government in 2013 was paid by HHS, the agency running Obamacare.

3:57 pm

Nearly two thirds of the fraud and waste lost by the federal government in 2013 was spent by HHS, the agency running Obamacare.

The total amount lost by either fraud, waste, or error equaled $106 billion, slightly down from 2012’s $108 billion figure. Of that, about $65 billion occurred in Health and Human Services.

But hey, what’s a few billion dollars here and there. It’s not like the federal government has a debt problem, does it?

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The 30 counties with the highest medium income just happen to be where most people work for the federal government.

3:47 pm

I am shocked, shocked! The 30 counties with the highest medium income just happen to be where most people work for the federal government.

The only county among the Top 5 for median household income not located near Washington, D.C., was No. 3 Los Alamos County, N.M.—which is the smallest county in that state, and which is also home to the U.S. Energy Department’s Los Alamos National Laboratory. The median household income in Los Alamos County in 2012, according to the Census Bureau, was $112,115.

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Obamacare includes absurd regulations that will cost the vending machine industry millions.

8:52 am

Finding out what’s in it: Obamacare includes absurd regulations that will cost the vending machine industry millions.

Around 457 pages into Obamcare, section 4205 stipulates “the vending machine operator shall provide a sign in close proximity to each article of food or the selection button that includes a clear and conspicuous statement disclosing the number of calories contained in the article.” This new mandate will cost the vending machine industry an estimated $25.8 million initially and an additional $24 million for every subsequent year.

Expect some companies to go out a business because of this craziness.

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The first theorem of government: Government is a racket that benefits the political elite by taking money from everyone else.

9:40 am

The first theorem of government: Government is a racket that benefits the political elite by taking money from everyone else.

He has the data. Look especially at his first graph. And he correctly notes that this has been a bi-partisan effort.

The solution? Vote these bums out of office, repeatedly and often, so that no one has a motive to concentrate power and money in Washington.

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Thirteen insane projects funded by our federal government.

9:49 am

Thirteen insane projects funded by our federal government.

I especially like #5: “NASA spends $3 million looking for signs of intelligent life…in Congress.”

These idiotic programs, which certainly only scratch the surface of the wasteful and corrupt spending in Washington, prove once again that the most recent budget deal is a fraud, that there is no reason to support any increase in federal spending, that we probably could cut the budget in half and not notice anything.

Sadly, that budget deal appears about to pass the Senate.

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Paul Ryan says House Republicans are going to demand something in exchange for raising the debt ceiling again in February.

9:07 am

We shall see: Paul Ryan says House Republicans are going to demand something in exchange for raising the debt ceiling again in February.

Though I’m glad he’s saying this, forgive me if I am skeptical. The Republican leadership in the House has proven itself weak and willing to back down all too often. For example, they have allowed the lie that they alone caused the government shutdown to become accepted as truth, merely by acting as if it were true. The result: they were unwilling to demand any concessions in the just completed budget negotiations, even though they had a strong hand and could have easily obtained concessions, especially on Obamacare.

Then there’s this: Ten quotes that explain why conservatives do not trust the Republican Party.

His conclusion is most pertinent:

Incidentally, the solution to all of this is not to leave the Republican Party. To the contrary, it’s to treat the Republican Party like a puppy that’s having difficulty with house training. When Republicans do the right thing, praise them, support them and do what you can to help them out. When they do the wrong thing, rub their noses in it. Attack Republicans who betray their principles relentlessly, primary them at every opportunity and take over the Republican Party so we can shove the politicians who won’t listen to us to the side. While we will never be able to build an entire party full of men like Ted Cruz, Mike Lee and Rand Paul, we can make it miserable enough for bad actors that the go-along-to-get-along Republicans will conclude it’s better to work with us than face primaries and incessant attacks from their own side in the new media. Most people don’t realize it, but we have already started moving the Republican Party to the Right and the time will come when Republicans are just as afraid of their base as Democrats are of Planned Parenthood and the unions. It’s not going to happen overnight, but if we keep going after Republicans who sell us out, even the ones that are as hostile as John McCain, Peter King and Lindsey Graham will eventually have to get on board if they want to keep their jobs.

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It appears that Senate Republicans will filibuster the Ryan budget deal.

8:56 am

Maybe not so stupid: It appears that Senate Republicans will filibuster the Ryan budget deal.

If the Republicans in the Senate can force some changes, to both the reduction in the sequester cuts over the next two years as well as the procedural change that ends the minority’s ability to block tax increases, then they will have accomplished something.

What I like about this is that they appear to be willing to fight, something Republicans all too often fail to do.

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A survey of 400 chief financial officers finds that nearly half plan to cut back on employment because of Obamacare.

11:00 pm

A survey of 400 chief financial officers finds that nearly half plan to cut back on employment because of Obamacare.

And there’s also this:

Besides altering the makeup of their workforces, companies said they also plan to change the health benefit packages offered to employees. “Two-thirds of companies will change health benefits in response to ACA,” reads the Fuqua/CFO Magazine report summary. Forty-four percent of CFOs said they are considering reducing health benefits for employees. Thirty-eight percent said that employees and retirees may be forced to contribute more to their health plans.

“The inadequacies of the ACA website have grabbed a lot of attention, even though many of those issues have been or can be fixed,” said John Graham, Duke Fuqua School of Business finance professor and director of the survey, in a press release. “Our survey points to a more detrimental and potentially long-lasting problem. An unintended consequence of the Affordable Care Act will be a reduction in full-time employment growth in the United States,” the study says. [emphasis mine]

So, tell me again why the Republicans in Congress should not challenge the Democrats over Obamacare?

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Yup, this sums it up nicely.

9:07 am

Yup, this sums it up nicely.

House Budget Committee chairman Paul Ryan has now accomplished the astonishing task of pushing House Republicans substantially to the left of the Senate GOP. His budget deal, announced Tuesday night, was achieved by shutting conservative Senate Republicans out of negotiations, by resorting to the old trick of spending now while claiming savings later, by ignoring a symbolically important budgetary red line, and by treating as Democratic “concessions” things to which even Democratic budgeteers already had agreed.

The chess equivalent of Ryan’s deal would be trading a castle for a mere pawn. No wonder conservatives are feeling rooked.

The absurdity of this deal is highlighted especially by the ongoing disaster of Obamacare. The Republicans have a very strong negotiating hand right now. They could have actually demanded a repeal of Obamacare in budget talks and thus pushed the Democrats into a corner for which there really is no escape. What would the Democrats do, shut the government down again so that more people could lose their health insurance?

Instead, Ryan behaved as if the Democrats have a Royal Flush and he only had a pair of twos. The stupid party strikes again!

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The Ryan budget deal includes a provision that limits the ability of the Senate minority to block tax increases.

10:49 pm

The stupid party: The Ryan budget deal includes a provision that limits the ability of the Senate minority to block tax increases.

The bill includes language from the Senate Democrats’ budget that voids senators’ ability to raise a budget “point of order” against replacing the sequester cuts with tax increases. The process is quite complicated, but in practice it grants Harry Reid the authority to send tax increases to the House with a bare majority, rather than the 60-vote threshold that would be required under a point of order.

In other words, another example of a Republican getting hosed in negotiations.

Though I have read several conservative reports about this deal that outline some of its positive benefits, on the whole it appears to be another defeat for the right.

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This detailed look at the budget deal suggests it isn’t as much of a surrender as first implied.

12:23 pm

This detailed look at the budget deal suggests it isn’t as much of a surrender as first implied.

I have to admit this analysis leaves me more hopeful, especially with this point:

That the Democrats would accept a deal like this is a pretty striking indication of how the Republican House has changed the conversation on the spending front since 2010. Think of it this way: In their first budget after re-taking the majority—the FY 2012 Ryan budget, passed in 2011—the House Republicans wanted discretionary spending to be $1.039 trillion in 2014 and $1.047 trillion in 2015. These budgets were of course described by the Democrats and the political press (but I repeat myself) as some reversion to humanity’s barbaric past. Yet this proposed deal with the Democrats would put discretionary spending at $1.012 trillion in 2014 and $1.014 trillion in 2015—in both cases below that first House Republican budget.

Check out the graph at the link. It does illustrate bluntly that the Republicans are beginning to force the budget curve downward, if slowly. It also suggests that should they win big majorities in both Houses of Congress next November they will be posed to finally push for some real reductions in the size of the federal government, as they will have the votes in Congress and will be doing it with the strong endorsement of the voters.

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The Republican leadership expresses contempt for any opposition to its budget deal that abandons the cuts imposed by sequestration

11:11 am

The Republican leadership expresses contempt for any opposition to its budget deal that abandons the cuts imposed by sequestration.

The Republican leadership are fools. If anything, this is the moment to push harder, to not only demand that the sequestration cuts stay in place, but to demand a repeal of Obamacare.

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