Government Incompetence

ObamaCare Socialism Communism Goal by Chris Banescu –
It’s finally dawning on liberals, leftists, and progressives that conservatives were telling the truth when they warned about the fundamental problems and dangers of The ‘Affordable’ Care Act (ObamaCare). As reported in the San Jose Mercury News, reality came knocking for Obama voters and ObamaCare supporters last week. And many of them wish they had not answered the door.

Big believers in ObamaCare are experiencing sticker shock. These folks voted not once, but twice for President Obama. They believed the propaganda that ObamaCare will lower prices and the people will keep their existing plans. They’re now seeing that Obama lied.

Cindy Vinson and Tom Waschura are big believers in the Affordable Care Act. They vote independent and are proud to say they helped elect and re-elect President Barack Obama.
Yet, like many other Bay Area residents who pay for their own medical insurance, they were floored last week when they opened their bills: Their policies were being replaced with pricier plans that conform to all the requirements of the new health care law.
Vinson, of San Jose, will pay $1,800 more a year for an individual policy, while Waschura, of Portola Valley, will cough up almost $10,000 more for insurance for his family of four.

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America Slouching Towards Fiscal Armageddon by Chris Banescu
America is in grave danger. Our government’s out-of-control spending and our politicians’ refusal to implement meaningful budget reforms are leading us towards a fiscal crisis that can undermine our very way of life. We are spending ourselves into oblivion. With each passing day, we are $5 billion in deficit spending closer to the edge of an abyss that can cripple our economy, destroy America’s wealth, and lead to catastrophic social consequences for all current and future generations. Yet our leaders in Washington refuse to face reality and continue to play political games while the country’s budget crisis deepens and the threat grows exponentially.

In February of this year the US federal budget deficit grew by a record $224 billion; the biggest one-month increase in history. Worse still, the 2011 US budget deficit is forecast to reach $1.5 Trillion. According to the non-partisan Congressional Budget Office (CBO) this annual deficit represents the largest budget gap in our country’s history, equivalent to approximately 10% of America’s total economic output. This follows the enormous $1.3 Trillion deficit racked up for 2010 and will be superseded by an equally disturbing $1.65 Trillion deficit forecast for 2012. [Read more…]