Jeff Ring on the web

So, things are going pretty good huh?

Administration officials insist they can make changes to the program to ensure it lasts until 2014, and that it may not have to turn away sick people.

Officials said the administration could also consider reducing benefits under the program, or redistributing funds between state pools.

But they acknowledged turning some people away was also a possibility.

Stay healthy… your life depends on it.

Last year I described what I believe the problem with bailouts was. Simply that you can not spend money you don’t have to pay down on a debt (dahh, that creates a debt).

Well, as predicted the Ponzi scheme didn’t work and… inflation is coming. Inflation and more taxes (and health care.. but that is another topic).

Anyway, here is the problem:
o The government is spending to much of our money.

And the solution is:
o Stop spending Use the Fed to manipulate the value of a dollar and also raise taxes on every working American

And when that doesn’t work (because we will loose jobs) we will hear how legalizing 20 million criminals will solve all our financial woes.

The bleeding continues….

From Newsmax TV

With “Air America” resting eternally in the recycle bin of unwanted ideas, a call for rebirth has arisen from the stink pile.

Liberal media has been unable to compete with Conservative media outlets. All liberal media sources have taken a rigorous whipping by the American people and replaced by Fox, Drudge, NewsMax, and Rush.

So, what can the libs do to compete? hmmmm, how about:

PBS, NPR Stations Get $10M Infusion for Local News direct from tax payers pockets. And to even things out these new “News Stations” will be initially targeting the Southwest, the Plains states, the upper Midwest, upstate New York and central Florida. (did they miss any swing states?)

The Corporation for Public Broadcasting which is a nonprofit organization created and funded by Congress, is the ultimate in media bias and cannot survive broadcasting it’s stench without reaching into our pockets to fund it.

NPR and PBS stations in each region will collaborate on covering key issues, including immigration, agribusiness, the economy and health care.

To pay for the changes, the legislation includes more than $400 billion in higher taxes over a decade, roughly half of it from a new Medicare payroll tax on individuals with incomes over $200,000 and couples over $250,000. A new excise tax on high-cost insurance policies was significantly scaled back in deference to complaints from organized labor.

In addition, the bills cut more than $500 billion from planned payments to hospitals, nursing homes, hospices and other providers that treat Medicare patients. An estimated $200 billion would reduce planned subsidies to insurance companies that offer a private alternative to traditional Medicare.

The insurance industry warned that seniors would face sharply higher premiums as a result, and the Congressional Budget Office said many would return to traditional Medicare as a result.

The subsidies are higher than those for seniors on traditional Medicare, a difference that critics complain is wasteful, but insurance industry officials argue goes into expanded benefits.

The bill requires insurers to charge people with pre-existing conditions the same as everyone else, and the only reason for people not to play the system (dropping their insurance until they get sick and the insurer has to take them) is because the law requires them to buy insurance or pay a fine. For many people, the fine will be a cheap price to avoid premiums that could run around $8,000 a year for a family of four. The effect of the legislation could be to cause the number of healthy people with insurance to fall dramatically — and for premiums to rise, which would cause more people to drop their insurance and premiums will rise, and even less people will be insured…
And so it goes.

Oh, have I thanked you lately for the change you brought to me?
Don’t hold your breath…