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Health and Human Services Secretary Sebelius Drops a Bombshell on Capitol Hill

This would eventually force a single payer system….no?

“During testimony this past week on Capitol Hill, Health and Human Services Secretary dropped a bombshell. Being grilled about Barack Obama’s lie regarding people being able to keep their insurance plans and doctors, Sebelius also said that with the grandfathering process comes certain caveats, which means that the existing plans would have to meet the new standards or they would be cancelled. She then went on to say, “Employer based grandfathered plans will have the same caveats.”

Barack Obama has tried to pull a fast one and snuck in a two letter word into his lie, “if.” “What we said was: You could keep it if it hasn’t changed since the law passed,” Obama said.
He immediately moved from that lie to another one, saying “The bottom line is we are making the insurance market better for everybody.”
obamacare_13509No, they are not. They are attempting to move to a single payer system and this fiasco is the stepping stone to that goal. Senate Majority Leader Harry Reid (D-NV) told us that.
Obama has been lying all along…”

 

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#10

[youtube://http://www.youtube.com/watch?v=nnon_EfCWRc 450 300]

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Don’t Get Hosed !

There are many ways to hose the taxpayer; let’s make sure this will not be one of them. Don’t get *^#*!$ in the @$$

!cid_AA130FB2E8044A52A2A1AA3B9100DDD3@JohnPC

Statement by Francisco Enriquez, U.S. Public Interest Research Group Tax and Budget Associate, in response to recent news reports that JPMorgan will admit fault as part of its $100 million settlement with the Commodity Futures Trading Commission for the $6 billion “London Whale” trading fiasco.

“On Wednesday, reports emerged that JPMorgan Chase will agree to admit to wrongdoing and pay a $100 million penalty for improper market manipulation that led to a multibillion dollar trading loss. Yet unless the Commodity Futures Trading Commission (CFTC) explicitly forbids it, the bank could write off the settlement as a tax deduction, forcing taxpayers to shoulder some of the cost of JPMorgan’s admitted reckless behavior.

“JPMorgan’s admission of wrongdoing will only benefit the public if investors can be made whole through ensuing civil litigation, and if taxpayers are protected from bearing the cost of tax windfalls to the bank.

“Federal law forbids companies from deducting public fines and penalties from their taxes, but payments made as part of a settlement can be treated differently. Companies that cut deals with an agency to resolve charges through a legal settlement typically manage to deduct the penalties as a tax write-off unless specifically forbidden from doing so. In essence, companies are allowed to receive a tax subsidy for their wrongdoing, forcing ordinary taxpayers to shoulder the budgetary burden.

“Despite an admission of wrongdoing….”

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The IMF Proposes Confiscation of Wealth to Solve Debt Problems

“A controversial report released this month by the International Monetary Fund outlines schemes to have big-spending governments with out-of-control debts plunder humanity’s wealth using a mix of much higher taxes and outright confiscation. The goal: Prop up Big Government. Because people and their assets are generally mobile, the radical IMF document, dubbed “Taxing Times,” also proposes measures to prevent them from escaping before they can be fleeced. Of course, the real problems — debt-based fiat currency, lawless bank bailouts, and a cartel-run monetary system — are virtually ignored.

Pointing to absurd and rising levels of government debt, as well as increasing income inequality, the IMF document suggests there are few remaining options for desperate policymakers to explore. Two that are mentioned include “repudiating public debt” — in other words, defaulting on government bonds — or “inflating it away” by having privately owned central banks conjure even more gargantuan amounts of fiat currency into existence at interest. Both of those plots, of course, would still represent a massive transfer of wealth.

However, even though it hides behind the passive voice, the IMF preference for dealing with the debt problems appears to be simply confiscating the wealth more directly. “The sharp deterioration of the public finances in many countries has revived interest in a capital levy, a one-off tax on private wealth, as an exceptional measure to restore debt sustainability,” the report claims. “The appeal is that such a tax, if it is implemented before avoidance is possible, and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair).”

Reducing government debt ratios to “pre-crisis levels” seen at the end of 2007 — before the multi-trillion-dollar banker bailouts and ramping up of the lawless currency printing at central banks — will require “sizeable” tax rates, the IMF continues. Citing a sample of 15 euro-area nations, the report claims that all households with positive net wealth — anyone with more assets than debt, in essence — would have to surrender about 10 percent of it. Because many people who lived responsibly and saved would try to avoid the looting of their wealth, drastic measures must be considered to stop them.

“There is a surprisingly large amount of experience to draw on, as such levies were widely adopted in Europe after World War I and in Germany and Japan after World War II,” the IMF report notes. “This experience suggests that more notable than any loss of credibility was a simple failure to achieve debt reduction, largely because the delay in introduction gave space for extensive avoidance and capital flight, in turn spurring inflation [sic].”

By proposing the outright confiscation of middle-class wealth, analysts say the IMF is essentially acknowledging that simply looting “the rich” will not be enough to even restore government debt to “sustainable” levels. Still, the non-establishment “rich” would face by far the most ferocious assaults on their assets under the schemes outlined in the radical IMF report, which was promptly celebrated by Big Government-supporting politicians.

Noting that financial wealth and people are mobile, the document suggests that there “may be a case” for confiscating varying amounts of wealth using various means — all depending on how easy it would be for people to protect the assets in question from legalized looting. “Substantial progress likely requires enhanced international cooperation to make it harder for the very well-off to evade taxation by placing funds elsewhere,” the report says matter-of-factly.

Taxes on the “rich” of around 60 percent to 70 percent, according to the IMF, would likely be the rate at which the most plunder could be extracted for desperate governments. “A revenue-maximizing approach to taxing the rich effectively puts a weight of zero on their well-being,” the report explains, calling that notion “contentious.” “If one attaches less weight to those with the highest incomes, the vote would be to increase the top marginal rate.”

Private companies that try to reduce their already-crushing tax burdens using “tax planning schemes,” as the report calls them, are also in the IMF crosshairs for increased wealth confiscation. In a section headlined “Tricks of the Trade,” for example, the document blasts business efforts to provide services directly from “low-tax jurisdictions” as “abusive.”

In essence, the IMF and other taxpayer-funded international institutions hope to see a stronger global regulatory regime to ensure maximum wealth extraction via corporate taxation, too. “The chance to review international tax architecture seems to come about once a century; the fundamental issues should not be ducked,” the report argues.

The devastating consequences of squandering ever-greater amounts of productive capital on government programs, of course, are largely overlooked. Meanwhile, the unspoken assumption underpinning the radical ideas is essentially that companies exist to produce wealth for governments to spend — rather than value for shareholders and consumers as has traditionally been the case.

Looking past the bureaucratic language, the IMF caveats, its effort to hide behind the passive voice, and the thinly disguised attempt to make the heist sound palatable to the public because not everyone would be fleeced just yet…..”

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While Your Government Was Shutdown Secret Negotiations Continued on the TPP

“OBAMA SECRETLY SIGNING AWAY U.S. SOVEREIGNTY

Shock plan regulates food, medicine, financial markers, Internet freedom

Despite the government shutdown, the Obama administration has continued secret negotiations to complete what is known as the Trans-Pacific Partnership, or TPP.

The expansive plan is a proposed free-trade agreement between the U.S., Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

The agreement would create new guidelines for everything from food safety to fracking, financial markets, medical prices, copyright rules and Internet freedom.

The TPP negotiations have been criticized by politicians and advocacy groups alike for their secrecy. The few aspects of the partnership leaked to the public indicate an expansive agenda with highly limited congressional oversight.

Aaron Klein’s “Impeachable Offenses: The Case to Remove Barack Obama from Office” is available, autographed, at WND’s Superstore

A New York Times opinion piece previously called the deal the “most significant international commercial agreement since the creation of the World Trade Organization in 1995.”

Last week, the White House website released a joint statement with the other proposed TPP signatories affirming “our countries are on track to complete the Trans-Pacific Partnership negotiations.”

“Ministers and negotiators have made significant progress in recent months on all the legal texts and annexes on access to our respective goods, services, investment, financial services, government procurement, and temporary entry markets,” the White House said.

The statement did not divulge details of the partnership other than to suggest a final TPP agreement “must reflect our common vision to establish a comprehensive, next-generation model for addressing both new and traditional trade and investment issues, supporting the creation and retention of jobs and promoting economic development in our countries.”

Secrecy

In February, the Open the Government organization sent a letter to Obama blasting the lack of transparency surrounding the TPP talks, stating the negotiations have been “conducted in unprecedented secrecy.”

“Despite the fact the deal may significantly affect the way we live our lives by limiting our public protections, there has been no public access to even the most fundamental draft agreement texts and other documents,” read the letter.

The missive was signed by advocacy groups such as OpenTheGovernment.org, Project On Government Oversight, ARTICLE 19 and the Global Campaign for Freedom of Expression and Information.

The groups warned issues being secretly negotiated include “patent and copyright, land use, food and product standards, natural resources, professional licensing, government procurement, financial practices, healthcare, energy, telecommunications, and other service sector regulations.”

Lack of oversight….”

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Learn more about the TPP here

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What to Expect From a Government Shutdown

“Morgan Stanley’s chief U.S. economist Vincent Reinhart published a brief note minutes after the U.S. government shutdown went into effect.

“Dysfunction is not new, in that this marks the seventeenth shutdown in the past forty years,” wrote Reinhart. “About 800,000 government workers will stay home, as federal employees who cannot be paid should not work.”

Here’s the key takeaway from the note:

In addition to finger pointing to assign blame, expect:

  • A 15 basis point drag on fourth-quarter real GDP growth, at an annual rate, for every week of shutdown as those furloughed workers do not put in their usual hours;
  • Most data releases to be delayed…”

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On the Verge of a Government Shutdown: Prepare to Rejoice

“Barring some last-minute miracle, it looks like the government is going to shut down at midnight tonight.

The crux of the matter is that the House GOP is not inclined to pass a budget that doesn’t include some kind of delay or defunding to Obamacare. And obviously Democrats won’t agree to that. So, impasse.

Markets are already falling, it would seem, on the news.

But there are reasons to think this would be good.

Goldman explained why this could be helpful in a note to clients last Friday:

It would be a mistake to interpret a shutdown as implying a greater risk of a debt limit crisis, in our view. It would not be surprising to see a more negative market reaction to a shutdown than would be warranted by the modest macroeconomic effect it would have. We suspect that many market participants would interpret a shutdown as implying a greater risk of problems in raising the debt limit. This is not unreasonable, but we would see it differently. If a shutdown is avoided, it is likely to be because congressional Republicans have opted to wait and push for policy concessions on the debt limit instead. By contrast, if a shutdown occurs, we would be surprised if congressional Republicans would want to risk another difficult situation only a couple of weeks later. The upshot is that while a shutdown would be unnecessarily disruptive, it might actually ease passage of a debt limit increase.

This seems kind of vague, but there are three distinct reasons it could be a positive.

  1. The market is reacting now….”

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Your Tax Dollars at Work

[youtube://http://www.youtube.com/watch?v=vDsCNv8fcCw 450 300]

 

 

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“I Believe You Must Know What I Know as President”

“West Coast of North America to Be Hit Hard by Fukushima Radiation

Radiation Levels Will Concentrate in Pockets In Baja California and Other West Coast Locations

An ocean current called the North Pacific Gyre is bringing Japanese radiation to the West Coast of North America:

North Pacific Subtropical Convergence Zone FDA Refuses to Test Fish for Radioactivity ... Government Pretends Radioactive Fish Is Safe

The leg of the Gyre closest to Japan – the Kuroshio current – begins right next to Fukushima:

Kuroshio Current - Colour show water speed.  Blue slowest; red fastest

While many people assume that the ocean will dilute the Fukushima radiation, a previously-secret 1955 U.S. government report concluded that the ocean may not adequately dilute radiation from nuclear accidents, and there could be “pockets” and “streams” of highly-concentrated radiation.

The University of Hawaii’s International Pacific Research Center created a graphic showing the projected dispersion of debris from Japan:…”

[youtube://http://www.youtube.com/watch?v=NJyeUODoMdY 450 300]

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Behind the Veil

[youtube://http://www.youtube.com/watch?v=gTUcvKO3js8 450 300]

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You’re Toast

[youtube://http://www.youtube.com/watch?v=FUbZw9sNX8Q 450 300]

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W.H. Delays Crucial Rule for Healthcare Law

“WASHINGTON — In a significant setback for President Obama’s signature domestic initiative, the administration on Tuesday abruptly announced a one-year delay, until 2015, in his health care law’s mandate that larger employers provide coverage for their workers or pay penalties. The decision postpones the effective date beyond next year’s midterm elections.

Employer groups welcomed the news of the concession, which followed complaints from businesses and was posted late in the day on the White House and Treasury Web sites while the president was flying home from Africa. Republicans’ gleeful reactions made clear that they would not cease to make repeal of Obamacare a campaign issue for the third straight election cycle.

While the postponement technically does not affect other central provisions of the law — in particular those establishing health insurance marketplaces in the states, known as exchanges, where uninsured Americans can shop for policies — it threatens to throw into disarray the administration’s effort to put those provisions into effect by Jan. 1.

“I am utterly astounded,” said Sara Rosenbaum, a professor of health law and policy at George Washington University and an advocate of the law. “It boggles the mind. This step could significantly reduce the number of uninsured people who will gain coverage in 2014.”

At the White House, Tara McGuinness, a senior adviser on the law, disputed that.

“Nothing in the new guidance regarding employer reporting and responsibility will limit individuals’ eligibility for premium tax credits to buy insurance through the marketplaces that open on Oct. 1,” she said….”

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