Congress

Sentate Punts Cap and Trade Bill Until Spring

November 18, 2009
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The Wall Street Journal reported today that Senate majority leader Harry Reid has postponed debate on the cap and trade bill until at least spring pushing a cap and trade vote until next year. The cap and trade bill is an attempt by our government to address global warming.  Our government has decided to ignore...
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Posted in Congress, Global Warming | 3 Comments »

United States National Debt Reaches $12 Trillion

November 17, 2009
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Today we read a post that indicated that as of 3:00 pm on 11/17, the United States National debt topped $12 billion for the first time setting a new US national debt record. According to a post at Hot Air, the United States national debt was $12,031,299,186,290.07 at 3:00 pm.  This indicates that it...
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Posted in Congress, economy | 3 Comments »

Obama Delivers Largest October Deficit On Record

November 14, 2009
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As our government debates adding trillions of dollars in spending through the health care reform bill, we are reminded the sad shape of our government’s finances.  President Obama has delivered a record monthly budget deficit in his first fiscal year as president.   It was reported this week that Obama has delivered the largest October budget...
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Posted in Congress, economy | No Comments »

Pelosi Version of Obamacare Will Cost $1.8 Trillion

November 6, 2009
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The Pelosi version of Obamacare will cost $1.8 trillion over 10 years according to the CBO.  This is in contrast to the claims of Nancy Pelosi that it will only cost $900 million and be deficit neutral. How can Pelosi be so far off from the $1.8 trillion estimate?  Here is a hint, she...
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Posted in Congress, Health Care | 1 Comment »

3 Billion Reasons to Distrust House Health Care Reform Bill

November 3, 2009
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Last week, Nancy Pelosi unveiled the nearly 2000 page new version of the the House Health Care Reform Bill.  Pelosi pointed out that her version of the health care reform bill was under the $900 billion price tag that President Obama put on the plan. Pelosi indicated that the bill would cost just under...
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Posted in Congress, Health Care | 1 Comment »

Why You Shouldn’t Trust Polls

October 22, 2009
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Poll watching is a great way to see which politicians are winning what races, what the country thinks of the President, and other various topics of interest. However, one is often left with several questions if you are looking at polling data on the same subject that are taken during the same time frames....
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Posted in Congress, Health Care, Obama | No Comments »

Does the Government Think You Have a Cadillac Insurance Plan?

October 15, 2009
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The Baucus health care bill version of Obamacare relies on several funding mechanisms.  One of those mechanisms is a tax on Cadillac insurance plan.  To many Americans, this means some plan that only rich fat cat CEOs or billionaires can have.  However, many Americans that have employer based health care are deemed Cadillac insurance...
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Posted in Congress, Health Care | 3 Comments »

Accounting Tricks in the Baucus Health Care Bill

October 15, 2009
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It has been reported in the press that the CBO calculated the cost of the Baucus health care bill version of Obamacare will cost approximately $856 billion and will reduce the deficit over ten years.  However, as usual with congress, the devil is in the details and especially so in Obamacare. Today in the...
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Posted in Congress, Health Care | 5 Comments »

All Government Healthcare Plans Will Cover Illegals

October 10, 2009
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Everyone remembers President Obama declaring that public insurance options would not cover illegal immigrants and Rep Joe Wilson shouting “You lie!”  We have also reported that the Congressional Research Service has stated that HR 3200 would cover illegal immigrants. There have also been numerous attempts by House and Senate Republicans to add amendments to...
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Posted in Congress, Health Care, Obama | 4 Comments »

Insurance Companies and The Profit Myth

September 18, 2009
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President Obama is devoted to eliminating all the myths that exist around the Health Care Reform plans.  However, the Administration is one of the main sources of those myths. One of the myths that the Obama Administration is pushing is that the government will be able to provide health care cheaper as they will...
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Posted in Congress, Democrats, Health Care, Obama | 6 Comments »

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