IRS Calculates Cheapest ‘Obamacare’ Plan
by Becket Adams,
February 1, 2013
When the Obama White House and Congress passed The Patient Protection and Affordable Care Act (i.e. “Obamacare”), we clearly recall being told that the bill would save Americans money.
Yet, as CNSNews.com reports, the Internal Revenue Service (IRS) in a regulation issued Wednesday “assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.”
Yes, while explaining the penalty for not purchasing government insurance, the IRS calculates that the average annual cost for a family will be at about $20,000.
“The IRS’s assumption that the cheapest [....]
The JPFO Genocide Chart
This is derived from the JPFO
website page - as a more printer-friendly option. The complete web page is accompanied by a detailedpromotion of the Death by “Gun Control” book, written by Aaron Zelman and Richard W.Stevens - and available from the
JPFO store . It works on a level that nobody can dispute: documented world history.Here's the Formula:
Hatred + Government + Disarmed Civilians = GenocideWhat makes the argument so powerful? Two factors.
First, it makes common sense: unarmed defenseless people have no hope against armed aggressors. Second, it states the historical truth: evil governments did wipe out 170,000,000 innocent non-military lives in the 20th Century alone. See the film “Innocents Betrayed” for further chilling evidence, also available from the JPFO store. When the gun prohibitionists quote a statistic about how many people are killed by firearms misuse, the discussion sometimes bogs down into whose crime statistics to believe and how to count crimes vs. the defensive firearm uses.
In the 20th Century:
• Governments murdered four times as many civilians as were killed in all the international and domestic wars combined.
• Governments murdered millions more people than were killed by common criminals.
How could governments [....]
Reference 'Lie-Barry' for this entry:
The Real barack obama
He’s a man of the Left, and now he sees no need to hide it.
The country may be catching on: Barack Obama is our first knee-jerk liberal president. And now that he will never face the voters again, he doesn’t mind showing it.“There is a deep recognition that he has a short period of time to get a lot done,” says Jennifer Psaki, Obama’s 2012 campaign spokeswoman. So the moderate mask is slipping.
In his second inaugural address, he gave a full-throated defense of the entitlement state and made no mention of reforming Medicare, Medicaid, or Social Security before they go bust. He is issuing a stream of executive orders, and he backed the Pentagon’s recently announced plan to lift the ban that kept female soldiers out of combat positions.
Once in a while, Obama still [....]
Prophets and Losses; Part I
by Dr Thomas Sowell,
February 4, 2013
Now that the federal government is playing an ever larger role in the , a look at Washington's track record seems to be long overdue.
The recent release of the Federal Reserve Board's transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much faith should we put in their prophecies today — or the policies based on those prophecies?
Even after the housing market began its collapse in 2006, Federal Reserve Chairman Ben Bernanke said in 2007, "The impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained."
It turned out that financial disasters in the housing market were not "contained," but spread out to affect the whole American economy and economies overseas. Then Chairman Bernanke said: "It is an interesting question why what looks like $100 billion or so of credit losses in the subprime market has been reflected in multiple trillions of dollars of losses in paper wealth."
What is an even more interesting question is why we should put such faith and such in the hands of a man and an institution that have been so wrong before.
This is not just a question of a bad guess by Ben Bernanke. The previous chairman of the Federal Reserve System, Alan Greenspan, likewise misjudged the consequences of the housing boom and bust. Nor was the Federal Reserve's staff any more accurate in its prophecies. According to the New York Times, "The Fed's own staff still forecast that the economy would avoid a ."
Today, the economy has not yet fully recovered from the recession that the Federal Reserve System's staff and chairmen thought we would avoid.
We all make mistakes. But we don't all have the enormous and growing power of the Federal Reserve System — or the seemingly boundless [....]
Prophets and Losses; Part II
by Dr Thomas Sowell,
February 5, 2013
People on both sides of tax issues often speak of such things as a "$300 billion tax increase" or a "$500 billion tax decrease." That is fine if they are looking back at something that has already happened. But it can be sheer nonsense if they are talking about a proposed increase or decrease in the tax rate.
The government can only raise or lower the tax rate. Whether the actual tax revenues that the government will collect as a result will go up or down is a matter of prophecy. And these prophecies have been far too wrong far too often to base national policies on them.
When Congress was considering raising the capital gains tax rate from 20 percent to 28 percent in 1986, the Congressional Budget Office advised Congress that this would increase the revenue received from that tax. But the Congressional Budget Office was wrong, not simply about the amount of the tax revenue increase, but about the fact that the capital gains tax revenue actually fell.
There was nothing unique about this example of tax rates and tax revenues moving in opposite directions from each other — and also in opposite directions from the predictions of the Congressional Budget Office. Reductions of the capital gains tax rates in 1978, 1997 and 2003 all led to increased revenues from that tax.
The Congressional Budget Office is by no means the only government agency whose prophecies have been grossly unreliable. Anyone who looks at the history of the Federal Reserve System will find many painful examples of wrong prophecies that led to policies with bad consequences for the whole economy.
In a worldwide context, during the [....]
We care: Cantor wants [....]
by Deirdre Walsh,
February 5, 2013
House Majority Leader Eric Cantor is giving the Republican party a message makeover.
In a sharp departure from the GOP's emphasis on slashing federal spending, bringing down the deficit and moving legislation to assist the "job creators," the No. 2 House Republican is rolling out a more personal appeal in a speech on Tuesday with an agenda to "make life work."
Cantor is hoping to put last year's bruising fiscal battles that pit House Republicans against President Barack Obama and Senate Democrats behind and turn the page to a new approach that demonstrates the GOP cares about problems Americans confront in their daily lives.
The speech comes one week before Obama is expected to outline his second term agenda in the State of the Union address.
Cantor says background checks a possibility
According to prepared remarks released by Cantor's office on Monday, the majority leader will highlight four main areas - education, health care, job growth, and innovation. "Our solutions will be based on the conservative principles of self reliance, faith in the individual, trust in the family, and accountability in government," Cantor is expected to say in his speech to the American Enterprise Institute, a conservative think tank. [....]
Sheeple: Another Look At A Sad Breed
by Brandon Smith,
Personal Liberty Digest
February 5, 2013
Some phrases are steeped in immediately recognizable symbolism. When we hear them, we instantly know to whom and to what the phrases refer; we can even gain a greater depth of understanding to a particular situation because of them. They cause us to step outside our environment and look at it in an entirely different way. They might make us laugh. They might make us cry. But we are not indifferent to these affecting words.
The term “sheeple” has quickly become a word that defines an era. It is not just a tool for ridicule, though it does indeed seem to hurt the feelings of the ignorant and unaware (which, to my mind, is a good thing; if they can feel shame about their factual inadequacies, then perhaps one day they can be redeemed). No, there is much more going on here.
When one is surrounded by blatant absurdity and total loss of freedom, compassion and humanity, he needs a way to describe the horror, to shed light on the dark insanity of it, to remove the barriers of confusion and to build a clear path to reason. He needs to quantify the threat so that he can move beyond it and toward understanding.
In our modern age, we are absolutely stricken with an epidemic of willful idiocy that bears no rational excuse. A century ago, such behavior [....]
Uh, Obama? We Have a Problem:
by John Ransom,
February 5, 2013
I hate to interrupt Obama’s “We Don’t Have a Spending Problem” World Tour. But reality intervened on Tuesday as the Congressional Budget Office released a report that says that the budget deficit will grow through 2023 and “will eventually require the government to raise taxes, reduce benefits and services, or undertake some combination of those two actions,” reports CBSNews- and all of that just to cover interest payments.
“In its annual Budget and Economic Outlook,” writes CBSNews, “the CBO said debt held by the public will be bigger by 2023 than in any year since 1951 and will be at 77 percent of gross domestic product (GDP) by 2023, far above the 40-year average of 39 percent of GDP. As a result, the CBO report said, the federal government’s interest costs ‘will be very high’ and will be rising. Interest costs will more than double by the end of the ten-year forecasting period.”
The CBO projects that interest rates on the Ten-Year Treasury Note will rise from 2.1 percent currently, to 5.2 percent in 2017. [....]
http://finance.townhall.com/columnists/johnransom/2013/02/06/uh-obama-we-have-a-problem-interest-expense-to-hit-1-trillion-in-4-years-n1506075/page/full/Until Next Sunday....