Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Friday, April 24, 2009

Game Over America: Universal Healthcare By October (Thanks Obama)

Before any of the healthcare nuts (from either side) flame the comment section, I want you to take a look at this chart from the Washington Post.


Ladies and gentlemen, this is the future burden of America. Your kids, and grand kids and great grand kids are going to have to pay this massive debt back.

Despite this massive debt, it now looks like our awesomely, awesome politicians are now thinking of making Universal healthcare a reality--even if they have to enact the nuclear option to get it.

(The New Republic) It's been in the works for a while and now, according to senior Captiol Hill staffers, it's a done deal: The final budget resolution will include a "reconciliation instruction" for health care. That means the Democrats can pass health care reform with just fifty votes, instead of the sixty it takes to break a filibuster.

The deal was hatched late afternoon and last night, in a five-hour negotiating session at the office of Senate Majoriy Leader Harry Reid. A trio of White House officials were there: Rahm Emanuel, Peter Orszag, and Phil Schiliro. Also present, along with Reid, were House Budget Chairman John Spratt and Senate Budget Chairman Kent Conrad.

The reonciliation instruction specifies a date. That date, according to one congressional staffer, is October 15. (The original House reconciliation instruction had a late September deadline.)
The New Republic goes on how supposedly this will be funded via pay as you go, which is a great theory and all except for one thing--we are in a fraking recession folks! When everyone is currently scrounging around for cash, the last thing they need is another tax when they are already struggling to pay their utilities.

Since the pay as you go model is (probably) doomed to fail, President Obama is probably going to have to pass another "stimulus" bill in order to fund this boondoggle, which means your upcoming inheritance may have a future resembling Zimbabwe when the Chinese cash in on all those bonds we owe them.

Whether you are for healthcare or not is irrelevant by one simple fact: universal healthcare is very expensive! If this bill passes (which I fear it will) then America's future will probably look something like this:


Game over America.

(Hat Tip: AllahPundit on Hot Air, Image Credit: Unable to read artist name in photo, but its there)



Friday, July 06, 2007

Sacrifice Your Grand Kids Inheritance For Ron Paul?


I am having my doubts whether this is true or not, but if so, this person is either on a very strong legal drug or has found the "political messiah."

(Comment on Political Radar) I am 60 years old. I have always voted for smaller government and to uphold the Constitution. I have never gotten what I voted for. Today I put my home up for sale. I am taking the proceeds and going to spend it promoting Ron Paul. That is the best way to spend my grandchildrens inheritance. They will benefit more by having President Ron Paul than having $100,000 of fiat money. Our lives, our fortunes, our sacred honor. The Revolution has begun.

Posted by: Freedom Fighter | Jul 6, 2007 1:55:04 PM


If Ron Paul doesn't win, those grand kids are sure going to be pissed off very upset.

Truthfully I rather vote for Hillary than Ron Paul (and I don't even like her that much) as "Paul boy" doesn't seem to grasp the fact that there is an violent group of theocrats (currently in the form of Islam) trying to kill half the planet, and enslave the other half.

But I digress.



Friday, January 12, 2007

Google Investor, Anyone? (What's In Your Portfolio?)

Whatever Google is putting in their employee's water cooler, they definitely need to share it with the rest of the world. The search engine king has announced their commitment to bring users real-time instant live stats of stock quotes, free of charge and free of delay.

(Google Blog) As a result, we've worked with the SEC, the New York Stock Exchange (NYSE) and our D.C. trade association, NetCoalition, to find a way to bring stock data to Google users in a way that benefits users and is practical for all parties. We have encouraged the SEC to ensure that this data can be made available to our users at fair and reasonable rates, and applaud their recent efforts to review this issue. Today, the NYSE has moved the issue a great step forward with a proposal to the SEC which if approved, would allow you to see real-time, last-sale prices across all Google properties including Google Finance, Personalized Google, Mobile, and of course, Google.com. It won't matter if you're on Wall Street or Main Street -- you'll have free, easy and fast access to real-time prices from NYSE on Google.


When it comes to innovation of information, Google is serious about change. This may put many expensive stock software companies out of business, but it will empower the consumer to track their own portfolio.