Monthly Archives: September 2013

The IRS Rewrites Obamacare

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“Obama and his IRS are bypassing Congress and rewriting Obamacare on their own.  The IRS is imposing health insurance mandates on employers and individuals even in states where by law they’re exempt (http://shar.es/iI2HW). Obama also broke the law by extending the deadline for the employer mandate by a year. He bypassed Congress in making these arbitrary changes. He’s picking and choosing which provisions to enforce, and when. Neither Obamacare nor the Constitution give him that discretion. His actions are illegal. And he’s setting a precedent that will allow future presidents to ignore or rewrite legislation. But his lawlessness exposes a truth…”

http://www.downsizedc.org/blog/the-irs-rewrites-obamacare

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The Larger the Deficit, the Greater the Default

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“There will be a day of reckoning, of course. There always is. But a majority of voters at that time will be sure to see to it that previous lenders will suffer the losses. There will be a Great Default.  The lenders will cry: ‘But you promised.’ And the borrowers will cry: ‘That’s life in the land of Keynes. In the long run, we’re all dead. You go first.’  The big losers will be the suckers who lent Uncle Sam the money. The biggest lenders are those who trust the federal government to pay their retirement bills, including medical bills. Those who believe in the welfare state will be the biggest losers. They have believed in something for nothing. They will get left with a pile of IOUs and a note: ‘Sorry, Charlie.'”

http://teapartyeconomist.com/2013/09/25/larger-deficit-greater-default/

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Mark Thornton on “Government Shutdown”

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“Mark Thornton presents a Misesian commentary on why politics is to blame for the impending U.S. government ‘shutdown,’ and how a gold standard could provide real fiscal discipline. Thornton is a Senior Fellow at the Mises Institute. For more information, visit the Mises Institute online at mises.org.”

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What Will ObamaCare Cost You, Beginning on January 1? Do You Know?

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“They call this insurance. It’s not insurance. It’s free care for the already ill. Someone must pay. Guess who? You!  How much will your premiums be raised? Have you been told yet? If not, do you know how to find out?  Have you made the household budget revisions that will be required on January 1? Or are you just waiting to see what happens? This gigantic change in American health care is due to go into effect on January 1. Everyone is supposed to enroll on October 1. Are they ready to comply? Do they know how to comply? The IRS will administer this. What if most people fail to comply? What will the IRS do then? With what percentage of its employees?”

http://teapartyeconomist.com/2013/09/24/will-obamacare-cost-youl-beginning-january-1-know/

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Government Shutdown: An Oxymoron for Real Morons

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“The words ‘government shutdown’ do not mean ‘government shutdown.’ They mean ‘boondoggle shutdown.’ They mean ‘special-interest-group-subsidy shutdown.’ What about the Post Office? Will it get shut down? No.  What about the CIA? Will it get shut down? No.  What about the NSA? Will it get shut down? No.  What about the TSA? Will it get shut down? No.  What about the Department of Homeland Security? Will it get shut down? No.  My suggestion: stop worrying about a government shutdown. Instead, keep worrying about the government staying open . . . just like you did before.”

http://teapartyeconomist.com/2013/09/25/government-shutdown-oxymoron-real-morons/

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Shutdown: ObamaCare (No) and the Federal Government (No)

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“So, how long will House Republicans continue to take a stand? Until the polls indicate that they will lose in November 2014.  On October 1, enrollment in the exchanges is to begin. But hardly anyone knows how to enroll yet. The computer programs are not ready. The confusion has not yet hit. The sense of betrayal has not yet hit Obama’s poll numbers.  If Republicans can hold out long enough for resentment against the program to spread, they win politically. They can hold out longer. But at some point, they will capitulate. That’s what the uncertainty is all about. It’s about the timing of their capitulation.”

http://teapartyeconomist.com/2013/09/24/shutdown-obamacare-federal-government/

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Peter Schiff Was Right – ‘Taper’ Edition

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“When Ben Bernanke announced that the Federal Reserve’s Open Market Committee was going to continue its monetary expansion program it calls Quantitative Easing, almost everyone in the financial media was taken by complete surprise. According to the mainstream media, the non-taper ‘surprised almost everyone out there.’ Well it did not surprise me, nor anyone who had been paying attention to what I had been saying. As I said repeatedly over the past several months, the Fed knows that the appearance of economic health would evaporate if its stimulus were withdrawn, or even diminished.”

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Solutions: Overcoming Stockholm Syndrome

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“In the 1970s, a strange psychological phenomenon was identified: in traumatic abduction situations, a certain percentage of the population is prone to falling in love with their abductors. But if we are living in a societal prison of the mind, then are there those who have fallen in love with their mental jailers? Find out more about societal Stockholm syndrome in this week’s edition of The Corbett Report.”

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“The Fed Made It Possible For Many People To Leak It”

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EPJ13

“Zero Hedge is publishing information from a tipster who explained how easy it was to get information into traders about the Fed monetary policy statement before it was officially released.  This really sounds very similar to what happened at the BLS in the old days (the 1980s). I outlined how that went down, here.  We are talking about big time money here, people made millions on the leaked information. They will also be tough to catch, especially if they used throw away phones. If no direct connection can be made between a leaker and a trader, then all a trader has to do is stick to his story that he bought on some kind of technical trading activity and who will be able to prove otherwise?”

http://www.economicpolicyjournal.com/2013/09/breaking-fed-made-it-possible-for-many.html

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