Tag: politics

AARP’s Billion Dollar ObamaCare Windfall

9:41 am

So this is why they lobbied for the crappy bill: AARP’s billion dollar Obamacare windfall.

Almost half of the $500 billion in ObamaCare’s Medicare cuts come out of Medicare Advantage. The cuts don’t kill the program, but they mortally wound it. CBO estimates that the Medicare Advantage program will be cut in half, causing over 7 million seniors to lose their health care coverage. They will be forced to return to traditional Medicare and, in most cases, will need to purchase Medi-Gap coverage.

Using very conservative assumptions (AARP keeps its current share of the Medi-Gap market and premiums don’t rise), this increase in the Medi-Gap market will generate more than $100 million a year in additional license fee revenue for AARP. Over a billion dollars every decade. Keep in mind, this revenue is simply for using AARP’s name, so it is almost pure profit.

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University Protects Student Who Issued Jihadist Death Threats Against Conservatives and Jews

11:26 am

More craziness: McGill University has decided to protect the student who issued jihadist death threats against conservatives and Jews.

Some examples of the student’s threats: “I want to shoot everyone in this room,” followed by “I should have brought an M16.”

Here is McGill’s interpretation: “We have come to the conclusion that the messages don’t constitute a threat to the community.”

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The incremental approach is working

11:19 am

He has a point: Fred Barnes argues that the Republican incremental approach to cutting the budget makes sense politically. Key quote:

The end zone is far away, however, and impatience won’t get Republicans there. Impatience is not a strategy. It may lead to a government shutdown with unknown results. To enact the sweeping cuts they desire, Republicans must hold the House and capture the Senate and White House in the 2012 election. Then they’ll control Washington. Now they don’t.

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A modern journalist, disconnected from reality

9:42 am

First, watch this short youtube clip of NBC anchor Brian Williams on Late Night with Jimmy Fallon. Fallon expresses his discomfort with President Obama’s activities during the last week (picking the winners in the NCAA finals, traveling to South America) while simultaneously getting us involved in a war in Libya.

Williams, almost as if he is a White House press spokesman, immediately defends Obama.

During Williams’ aggressive effort to defend the actions of the Obama administration, he said two other things that I think are important, though not for the reasons Williams thinks. » Read more

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Hoyer Calls $100 Billion in Cuts to $3.7 Trillion Budget ‘A Meat-Axe Approach’

7:28 pm

My idiotic congressman: Steny Hoyer (D-Maryland) today called the $100 billion in cuts to the $3.7 trillion federal budget “A meat-axe approach.”

Way to go, Steny! Show us all how you can’t add or subtract. Somehow, to your childish brain, cutting less than three percent of a budget that was doubled (increased by 100 percent) in the years you and your party were in charge in Congress is “reckless.”

What a fool.

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