Tag: bankruptcy

Data from the Census Bureau reveals that in 2011 the number of people working full time was outnumbered by those getting government aid.

9:40 am

The day of reckoning looms: Data from the Census Bureau reveals that in 2011 the number of people working full time was outnumbered by those getting government aid.

Many of those getting aid according to these numbers could also be full time workers. Nonetheless, the data is stark and depressing, as it illustrates how American culture has declined. Once it was considered shameful to be “on the dole.” Now everybody does it. You can’t have a robust healthy society under those conditions.

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Even when they admit that Obamacare isn’t working, liberals still refuse to recognize that they are now agreeing with Ted Cruz.

9:27 am

Leftwing bigotry: Even when they admit that Obamacare isn’t working, liberals still refuse to recognize that they are now agreeing with Ted Cruz.

I call it bigotry because that is what it is. No matter what you say to these types of liberals, no matter what they experience or conclude, they remain incapable of considering the possibility that a conservative or Republican might have the right idea. Instead, they believe that conservatives or Republicans must be opposed at all costs because conservatives or Republicans must be evil and wrong.

And such close-mindedness is nothing short of downright bigotry.

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Progressives made their beds; it’s time they lay in it.

8:41 am

Progressives made their beds; it’s time they lay in it.

In short: Obamacare is a massive wealth “spreading” from the young and struggling to the old and well off. Add to that Obamacare’s devastating impact on the economy and part-timing of the American workforce, and you can almost see the train flying off the rails.

There will be attempts at bi-partisan “fixes” to some of the more visible problems caused by Obamacare. Republicans and Democrats have been working together to delay or repeal the medical device tax and change the definition of a full-time employee back to 40 hours per week from Obamacare’s 30 – to name just two.

Republicans must resist the urge to help with these “fixes.” We just spent a month being lectured by arrogant know-it-alls about how Obamacare is “settled law.” So keep it settled. Obamacare is failing already, and it will continue to fail in more spectacular ways as we move forward, let it.

Democrats wrote the bill, Democrats voted for the bill, a Democrat president signed it into law. It’s theirs. Make them live with it. As is. [emphasis in original]

I would add that Democrats just re-endorsed the law aggressively during the government shutdown battle. Rather than revise it by the smallest amount, they insisted instead on shutting down the government to defend it.

When the 2014 elections roll around, the responsibility for this Obamacare disaster must fall on the perpetrators of that disaster: The Democrat Party and President Obama.

In related news: Thousands get health insurance cancellation notices. Actually, that’s “Hundreds of thousands,” but who’s counting?

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A long and detailed assessment of the present technical problems of the Obamacare exchange website.

9:41 pm

A long and detailed assessment of the present technical problems of the Obamacare exchange website.

It is worth the long read. The author appears to have asked the right questions of a lot of the right people, and appears to have approached the issue honestly. Key quote:

In a couple of ways, then, the severe user-interface problems at the front end of the federal exchange has actually had some advantages from CMS’s point of view, because by keeping enrollment volume low it has kept some other huge problems from becoming instantly uncontrollable.

But that low volume is mostly a very bad thing for Obamacare, of course, since the viability of the exchanges depends on a certain size and demographic mix which cannot be attained unless these problems are resolved very quickly. I couldn’t get enrollment numbers from any of the people I spoke with, but I was told that the uptake model that HHS built (using CBO projections) to predict how the exchanges would work made a low-end estimate that just under half a million people would enroll nationwide by October 31st, and that enrollment would then accelerate dramatically between November 15 and December 30th. The October 31 target, which was thought to be modest, now looks essentially impossible to reach, but their bigger worry is that period in November and December.

If the problems now plaguing the system are not resolved by mid-November and the flow of enrollments at that point looks like it does now, the prospects for the first year of the exchanges will be in very grave jeopardy.

As I said, read the whole thing. Whether you support or oppose Obamacare, this article appears to give an honest appraisal of the present situation, which is not good.

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Cygnus will be de-orbited one day early, on October 23.

8:24 am

Cygnus will be de-orbited one day early, on October 23.

At the same time, preparations move forward for the second Cygnus flight in December, which will be the first operational flight. This quote is interesting:

Neither Orbital nor the Virginia Commercial Space Flight Authority got locked out of the Mid-Atlantic Regional Spaceport as a result of the shutdown, meaning that preparations for the tentative December launch continued while more than 95 percent of NASA’s roughly 18,000 civil servants were on furlough.

Suggests again how unessential a good percentage of NASA’s employees really are. They might be great engineers, but they are apparently wasting their talents at NASA doing unnecessary make-work.

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The Senate budget deal that the House will vote on today includes some really nice pork.

4:48 pm

The Senate budget deal that the House will vote on today includes some really nice pork.

The bill includes extra funds to fix flooded roads in Colorado, a $3 million appropriation for a civil liberties oversight board and a one-time payment to the widow of Sen. Frank Lautenberg (D-N.J.), who died over the summer. It also includes a more than $2 billion increase in funding for construction on the lower Ohio River in Illinois and Kentucky. Current law authorizes $775 million in spending for related projects, and the bill increases it to $2.918 billion.

The last appears to be a kickback to Mitch McConnell (R-Kentucky) to get him to buy into this crap.

The bill also has this crap:

The legislation broadly re-opens the government through Jan. 15, and extends the ability of the government to borrow money through Feb. 7. It does so by allowing President Obama to waive the debt ceiling, a move that can be overridden by a resolution of disapproval by Congress that Obama could still veto. [emphasis mine]

In other words, Congress is now ceding this budgetary responsibility and power to the President, who will then rule by decree.

Update: The bill passed both houses of Congress and has now been signed by the President. Note that the only opposition came from Republicans, but even here the opposition was a minority. The Democrats strongly endorsed this bill, and for good reason. It gives them (and the Republicans who supported it) lots of pork and greater power for Obama. Americans meanwhile are screwed. The day of reckoning still looms.

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Chase Bank has told its business customers that there is now a limit on the amount that can be withdrawn from an account, while also banning all international wire transfers.

11:56 am

WTF? Chase Bank has told its business customers that they are placing a limit on the amount that can be withdrawn from an account, while also banning all international wire transfers.

If I had a Chase account, I would close it today, immediately, before these restrictions go into place.

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“I wanted the Affordable Health Care Act. The problem is, is it’s not affordable,”

9:24 pm

An Obama supporter finds out what’s in it: “I wanted the Affordable Health Care Act. The problem is, is it’s not affordable.”

I would laugh except that I am crying. Moreover, the article is from a San Francisco media outlet, which is as surprised as this Obama supporter at the cost of Obamacare. Too bad these liberals all considered conservatives and tea party people terrorists, murderers, and hate-filled killers of small children and therefore not worth listening to back in 2009. Had they listened, they would have found out about the unworkable nature of this law then, instead of now, and the law would never have been passed.

They should maybe consider this reality and recognize that this is why there are Republicans putting up a fight now to delay or defund the law.

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No budget deal: The Democrats continue to refuse to give in at all, and the bulk of the Republican caucus has shown some spine and refused to cave.

5:42 pm

Well hallelujah and amen! No budget deal: The Democrats continue to refuse to give in at all, and the Republicans have shown some spine and refused to cave.

This deadlock has been a team effort, from both sides. To say it is entirely the fault of one party or the other is to reveal your partisanship.

Nonetheless, legislation requires negotiation, and the only ones refusing to negotiate at all have been the Democrats. In the real world outside of government, such pig-headedness always results in no deal at all.

Right now it looks like 17% of the government will remain shut for quite awhile. And with the debt ceiling kicking in, the federal government will find its hands tied even more. The American people are about to find out that life will go on quite successfully without their big daddy to boss them around.

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