Tag: politics

According to Ohio’s Insurance Department, Obamacare will cause healthcare rates to rise next year by 88 percent.

9:55 am

Finding out what’s in it: According to Ohio’s Insurance Department, Obamacare will cause healthcare rates to rise next year by 88 percent.

What are the drivers of the increase? According to Milliman, the two biggest drivers are (1) risk pool composition changes, such as forcing the young to subsidize the old, and the healthy to subsidize the sick; and (2) Obamacare’s required expansion of insurance benefits, particularly its mandated reductions in deductibles and co-pays.

This is a significant concept to understand. Some people have the impression that the main reason that rates are going up under Obamacare is because of the law’s requirement that insurers cover people with pre-existing conditions. But that accounts for only a fraction—around a quarter—of the rate hike. The rest comes from all the other things that Obamacare does, such as forcing people to buy richer insurance benefits; to buy products with all sorts of add-ons they might not need; to pay Obamacare’s premium tax; and to pay a lot more, if they’re young, to subsidize older individuals.

In other words, you won’t be able to buy the plan you want. Obamacare forces you to buy a more expensive plan, even if you don’t need it.

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The whistleblower who leaked the NSA surveillance program to the press has gone public.

12:48 pm

The whistleblower who leaked the NSA surveillance program to the press has gone public and is talking. Key quote:

Q: Does your family know you are planning this?

A: “No. My family does not know what is happening … My primary fear is that they will come after my family, my friends, my partner. Anyone I have a relationship with …

I will have to live with that for the rest of my life. I am not going to be able to communicate with them. They [the authorities] will act aggressively against anyone who has known me. That keeps me up at night.” [emphasis mine]

It tells us how far the United States has fallen if this man fears our government so much he thinks that government will go after his family.

Read the whole interview. It is quite horrifying, especially now that we know there are federal agents willing to use their power to target specific people solely because of their politics.

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The National Security Agency can secretly access user data provided by as many as fifty American companies, ranging from credit rating agencies to internet service providers.

6:15 pm

The National Security Agency can secretly access user data provided by as many as fifty American companies, ranging from credit rating agencies to internet service providers.

The furor this week over this NSA snoop scandal is fascinating to me. The snooping really isn’t news, as it has been known for years that the NSA delves into these kinds of records in its effort to identify terrorist activity.

So, why the sudden furor and outrage? Up until a few weeks ago, most Americans assumed the federal government restricted this kind of snooping to foreign sources and to specifically hunting for terrorists. Now, however, after the IRS scandal, the public realizes that this government, under Obama at least, is quite willing to abuse its power for partisan political reasons. Under Obama, the IRS was used to target innocent Americans, merely because they disagreed with Obama. The public now realizes that it is also likely that this administration will abuse its access to the private information gathered by NSA, and that sends chills up people’s spines.

Thus, the furor. This kind of snooping is suddenly perceived as a real threat to Americans.

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A Texas high school cut off the mike of a valedictorian during his speech when he deviated from his approved speech and began to talk about the Constitution.

8:53 am

The new freedom: A Texas high school cut off the mike of a valedictorian during his speech when he deviated from his approved speech and began to talk about the Constitution.

The school absolutely has the right in this context to cut off his microphone. I just find it a terrible approach to teaching.

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“The IRS scandal is much worse than anyone realizes.”

10:20 pm

“The IRS scandal is much worse than anyone realizes.”

How did I know this was a coordinated attack on conservative critics and donors? Because just in my small inner circle of friends, virtually every businessman that I met was getting hit with IRS audit notices only weeks after writing checks to the GOP and Mitt Romney. Strange coincidence, huh?

In one case, a friend of mine who is a hedge fund CEO attended the first major Wall Street fundraiser for Mitt Romney. Only a select few Wall Street big shots attended. After they went home, almost every one of them in the room that wrote a check to Romney later reported receiving IRS audit notices.

In another case, a friend of mine wrote a big check to Romney. He called me to report his suspicions when only weeks later he received an IRS notice. In another case, my next-door neighbor (who is a big GOP donor) reported being under vicious IRS attack. In another case, my accountant was suddenly audited only months after my first IRS attack. Even my publicist received an IRS audit notice.

The author of this article — a well known conservative critic of Obama — was himself audited twice, and exonerated twice. The second audit notice came five days after he had won in court the first time.

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Two IRS employees in Cincinnati have told congressional investigators that officials in Washington directed and established the policy of harassing conservative groups that began in 2010.

10:18 am

Two IRS employees in Cincinnati have told congressional investigators that officials in Washington directed and established the policy of harassing conservative groups that began in 2010.

I especially like this quote:

Hofacre said she was outraged last month when IRS higher-ups, including Lois Lerner, then the head of the IRS tax-exempt division, blamed the problem on employees in Cincinnati. “I was furious,” Ms. Hofacre told interviewers. “It looked like Lois Lerner was putting it on us.”

Yup, that is exactly what Lerner was doing — looking for a fall guy.

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The first annual College Stupidity Awards.

9:11 am

The first annual College Stupidity Awards.

I especially like this one:

A Hispanic student group at Northwestern University instructed members of the campus community to forgo eating tacos and drinking tequila on Cinco de Mayo, so as not to offend Mexican culture. But Mexican students, who indeed wanted to spend their holiday eating tacos and drinking tequila, took offense at the assumed offense. The Hispanic student group ended up with huevo on its face.

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The EPA has acknowledged that it illegally released personal information of farmers to several leftwing environmental organizations.

8:53 am

The EPA has acknowledged that it illegally released personal information of farmers to several leftwing environmental organizations.

Mistakes do happen, but like the IRS scandal, this mistake was all one way, helpful to the left and harmful to their opponents. And like the IRS scandal, this one way harm suggests this was not a mistake, but quite intentional.

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