National Debt Clock

Thursday, January 7, 2010

Interstate Health Insurance

http://online.wsj.com/article/SB10001424052970203550604574360923109310680.html
http://www.govtrack.us/congress/billtext.xpd?bill=h111-3824

It is no secret that this page is all for competition in the marketplace. If indeed that's the goal, allow us to suggest a path to it that will be a lot easier than erecting the impossible dream of a public option: Let insurance companies sell health-care policies across state lines.

Health and Human Services Secretary Kathleen Sebelius routinely calls for more choice and competition in health care.

"There are states and localities where health care is much less expensive than others, and if we allow people to buy all their insurance from those places, it will raise the rates there. And it's called risk selection. It's a real problem, given the fact that health care costs can vary substantially from one place to another. So I think while the idea sounds appealing, the consequence would be it would make health care more expensive for those people who live in those low-cost areas."

[John Rother's] claim assumes that what makes insurance expensive in places like New Jersey—where the annual cost of an individual plan for a 25-year-old male in 2006 was $5,880—is merely the higher cost of medical services in the Garden State. He sounds an alarm in the rest of the country by suggesting that an individual living in, say, Kentucky—where an annual plan for a 25-year-old male cost less than $1,000 in 2006—would be asked to subsidize plan members living in high-priced states.

That's not how interstate insurance would work

A 2008 publication "Consumer Response to a National Marketplace in Individual Insurance," (Parente et al., University of Minnesota) estimated that if individuals in New Jersey could buy health insurance in a national market, 49% more New Jerseyans in the individual and small-group market would have coverage. Competition among states would produce a more rational regulatory environment in all states.

This doesn't mean sick people who have kept up their coverage but are more difficult to insure would be left out. Congressman Shadegg advocates government funding for high-risk pools, noting that their numbers are tiny. The big benefit would come from a market supply of affordable insurance.

Interstate competition made the U.S. one of the world's most efficient, consumer driven markets. But health insurance is a glaring exception.

Racially Discriminatory Provisions in Healthcare Bill

http://www.washingtontimes.com/news/2009/aug/11/panel-sees-race-bias-in-health-care-bill/?feat=home_cube_position1
http://www.americanthinker.com/blog/2009/08/racism_in_health_care_bill_see.html
http://www.usccr.gov/correspd/LetterPresidentSenatorsHealthCare12-11-09.pdf

Now it sees the House health care bill having provisions that are racially discriminatory.
How? By making overt a preference to award billions of taxpayer dollars and preferential treatment to minority students for scholarships, and favoring medical schools that have a record of sending graduates to areas with inadequate health care services.


"These programs are unlikely to reduce health care disparities among racial and ethic groups," according to the draft letter obtained by The Washington Times. "A growing body of evidence indicates that increasing access to high-quality physicians - whatever their racial or ethnic ancestry - is the best way to mitigate such disparities."

"No matter how well-intentioned, utilizing racial preferences with the hope of alleviating health care disparities is inadvisable both as a matter of policy and as a matter of law."

Stealth Rollback of Welfare Reform in 2009 Stimulus Bill

http://www.nypost.com/p/news/opinion/opedcolumnists/item_shLvwIX4Xr74Yl0ndOZE9L

Much of the "stimulus" bill is devoted to a backdoor undoing of one of Washington's greatest achievements of recent years - welfare reform.

One of the most important changes of the Clinton-era reform law was replacing the individual entitlement to welfare with a block grant to the states. In the old system, the more people a state signed up for welfare, the more money it got from Washington. The block grant broke this link, creating an incentive for states to help people become self-supporting.

But, as The Post's Charles Hurt has reported, slipped into the stimulus bill is a provision establishing a new $3 billion emergency fund to help states pay for added welfare recipients, with the federal government footing 80 percent of the cost for the new "clients."

Plus, the bill would reward states for increasing caseloads, even if the growth came because the state had loosened its requirements for recipients to work.

This is radical change. States that succeed in getting people off welfare would lose the opportunity for increased federal funding. And states that make it easier to stay on welfare (by, say, raising the time limit from two years to five) would get rewarded with more taxpayer cash. The bill would even let states with rising welfare rolls still collect their "case-load reduction" bonuses.

In short, the measure will erode all the barriers to long-term welfare dependency that were at the heart of the 1996 reform.

What is Universal Voter Registration?

http://www.americanthinker.com/2010/01/what_the_dems_know_universal_v.html

In January, Chuck Schumer and Barney Frank will propose universal voter registration. What is universal voter registration? It means all of the state laws on elections will be overridden by a federal mandate. The feds will tell the states: 'take everyone on every list of welfare that you have, take everyone on every list of unemployed you have, take everyone on every list of property owners, take everyone on every list of driver's license holders and register them to vote regardless of whether they want to be ...'

The problems with universal voter registration are numerous and obvious. Many states' lists include vast numbers of illegals, including some states which allow illegals to obtain drivers licenses; because many homeowners have more than one home, there will be duplicates; because so many people are on so many separate federal and state government agency lists, there will be duplicates; and because so many lists exist with little or no cross-checking capability, all of these duplicates are likely to go uncorrected. Add to this the fact that Dems hope to extend voting rights to felons, and the whole thing begins to look like a nationwide Democrat voter registration drive facilitated by taxpayers.

C-SPAN CEO: White House Has Allowed Only ‘One Hour’ of Health Care Coverage

http://www.breitbart.tv/c-span-ceo-white-house-has-allowed-only-one-hour-of-health-care-coverage/

U.S. Now a Renters' Market

http://online.wsj.com/article/SB126282425648418817.html?mod=rss_whats_news_us

Apartment vacancies hit a 30-year high in the fourth quarter, and rents fell as landlords scrambled to retain existing tenants and attract new ones.

The vacancy rate ended the year at 8%, the highest level since Reis Inc., a New York research firm that tracks vacancies and rents in the top 79 U.S. markets, began its tally in 1980.
Rents fell 3% last year, according to Reis, led by declines in San Jose, Calif., Seattle, San Francisco and other cities that had brisk growth until the recession.

Who Soaked Up the U.S. Treasury Auctions?

Married Couples Pay More Than Unmarried Under Health Bill

http://online.wsj.com/article/SB126281943134818675.html

The built-in "marriage penalty" in both House and Senate healthcare bills has received scant attention. But for scores of low-income and middle-income couples, it could mean a hike of $2,000 or more in annual insurance premiums the moment they say "I do."

The disparity comes about in part because subsidies for purchasing health insurance under the plan from congressional Democrats are pegged to federal poverty guidelines. That has the effect of limiting subsidies for married couples with a combined income, compared to if the individuals are single.

People who get their health insurance through an employer wouldn't be affected. Only people that buy subsidized insurance through new exchanges set up by the legislation stand to be impacted. About 17 million people would receive such subsidies in 2016 under the House plan, the Congressional Budget Office estimates.

If the bill passes in its current form, it would be far from the first example of federal and social benefits creating incentives to remain single. Under current law, marriage can have a negative impact on a person's ability to claim the earned income tax credit and welfare benefits including food stamps.

Reigning in Congress, Permanently

http://www.americanthinker.com/2010/01/getting_control_of_congress_pe.html

Three controls that the people have placed in state constitutions do not exist at the federal level. These are balanced budget amendments, line item vetoes, and single-subject requirements.

Balanced budget requirements (BBA) exist in some form in all fifty states. There must be an escape clause in these requirements or the restriction would prevent all curative steps in an economic emergency. The late economist Milton Friedman suggested that a two-thirds vote of both Houses of Congress should be required to override the BBA proposed for the federal Constitution [i].

If the federal government had already had such a BBA, none of the current or proposed emergency spending bills would have passed in their present form, with uncontrolled and unverifiable spending and trillion-dollar deficits for the next decade at least.

The second constitutional control common in the states but absent at the federal level is the line item veto. This exists in 43 states in various forms. When they work, they prevent legislatures from passing kitchen-sink legislation. The temptation to stuff bills is common at all levels of government. Some legislators try to attach special and unpopular spending provisions to a popular and must-pass bill to force a governor to accept the bad with the good. With a line-item veto, a governor can strike individual items from any bill.

If every president had the same line-item power that most governors have, each president would be responsible for any earmarks that remained in any bill [ii]. President Obama has decried special-interest earmarks, but he has not vetoed any bill over them. Presidents Reagan, Bush, and Clinton all sought line-item veto power. Congress passed a bill to create that power for President Clinton. Promptly after he used it, the Supreme Court struck it down, saying it must be established by amending the Constitution.

The third constitutional control common among the states but absent at the federal level is the single-subject requirement on all bills. This exists in 41 states in various forms. It's another protection against kitchen-sink legislation when the issue is policy, not money.

Under single-subject, legislators cannot attach provisions on such hot-button issues as taxes, regulation, abortion, gun control, or welfare to highly favored bills on entirely different subjects. At the federal level, disfavored clauses are often added to bills with the intention of forcing adoption of the disfavored clause, or to create a poison pill to kill the overall bill.

All three of these provisions work more effectively if there is a tightly written constitutional control and a tendency of the highest courts in that jurisdiction to enforce them.

Wednesday, January 6, 2010

The Lost Decade

http://5minforecast.agorafinancial.com/the-lost-decade-the-year-of-commodities-another-worlds-biggest-and-more/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+5MinForecast+%285+Min.+Forecast%29

Up to 20% of Former Gitmo detainees are Suspected of or Confirmed to have Engaged in terrorist Activity After Their Release

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7ab2K_0_80Y

As many as one in five former Guantanamo Bay detainees are suspected of or confirmed to have engaged in terrorist activity after their release, U.S. officials said, citing the latest government statistics.

The 20 percent rate is an increase over the 14 percent of former inmates that an April Pentagon report said were thought to have joined terrorist efforts, said the officials, who requested anonymity. The officials didn’t provide the numbers on which the 20 percent is based.

Obama Promised Televised Healthcare Negotiations

http://www.breitbart.tv/the-c-span-lie-did-obama-really-promise-televised-healthcare-negotiations/


http://www.lifesitenews.com/ldn/2010/jan/10010514.html
As Democrat leaders commence their final round of negotiations on the health care bill in secret meetings following the Christmas holiday, C-SPAN has issued a letter to the president and lawmakers challenging them to live up to their promises of transparency and allow the network to cover the proceedings.

"President Obama, Senate and House leaders, many of your rank-and-file members, and the nation's editorial pages have all talked about the value of transparent discussions on reforming the nation's health care system," wrote C-SPAN's Brian Lamb to congressional leaders in a letter dated December 30.

"Now that the process moves to the critical stage of reconciliation between the Chambers, we respectfully request that you allow the public full access, through television, to legislation that will affect the lives of every single American."

Want Tax Help? IRS Offers Busy Signal to 3 in 10

http://newsmax.com/US/US-IRS-No-Answer/2010/01/06/id/345526

Only seven in 10 taxpayers calling the Internal Revenue Service for help this tax season are expected to reach a real person — if the agency reaches its service goal.

A report issued Wednesday by an internal watchdog said the lucky ones who get through can expect to wait on hold for an average of nearly 12 minutes.

70% is their service goal!!! No real business would survive with a rate like that.

Pending Home Sales Post Record Plunge in November

http://www.foxbusiness.com/story/markets/industries/real-estate/home-sales-plunge--november/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxnews%2Flatest+%28Text+-+Latest+Headlines%29

Pending home sales unexpectedly plunged in November, according to a report issued Tuesday by the National Association of Realtors, posting their largest drop on record after several months of positive gains for a closely-watched indicator of housing market activity.

According to the industry group, November pending home sales activity dropped by 16% to a reading of 96.0, compared with the previous month’s reading of 114.3. The drop was much larger than expected by Wall Street, which was looking for a dip of 2% for the indicator for November.

It was the largest drop, point-wise, since the industry group started the index in 2001, dragging the indicator to its lowest level since June.

Sunday, January 3, 2010

The Obamacare Horror Story You Won’t Hear

http://michellemalkin.com/2009/06/19/the-obamacare-horror-story-you-won’t-hear/

Following the Adams incident, the American College of Emergency Physicians (ACEP) blasted Mrs. Obama and Mr. Axelrod’s grand plan. The group released a statement expressing “grave concerns that the University of Chicago’s policy toward emergency patients is dangerously close to ‘patient dumping,’ a practice made illegal by the Emergency Medical Labor and Treatment Act (EMTALA)” – signed by President Reagan, by the way – “and reflected an effort to ‘cherry pick’ wealthy patients over poor.”

Rewarding political cronies at the expense of the poor while posing as guardians of the downtrodden? Welcome to Obamacare.

Bankers Get $4 Trillion Gift From Barney Frank

http://www.bloomberg.com/apps/news?pid=20601039&sid=a48c8UpUMxKQ

The baby of Financial Services Committee Chairman Barney Frank, the House bill is meant to address everything from too-big-to-fail banks to asleep-at-the-switch credit-ratings companies to the protection of consumers from greedy lenders.

It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more-bailouts” talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate’s health-care bill look minuscule.

The legislation does create a council of regulators to spot risks to the financial system and big financial firms. Unfortunately this group is made up of folks who missed the problems that led to the current crisis.

The bill also allows regulators to “prohibit any incentive-based payment arrangement.” In other words, banker bonuses are still in play. Maybe Bank of America Corp. and Citigroup Inc. shouldn’t have rushed to pay back Troubled Asset Relief Program funds.

U.S. to Lose $400 Billion on Fannie, Freddie

http://www.bloomberg.com/apps/news?pid=20601087&sid=a2Z5GnTAPcuo

Taxpayer losses from supporting Fannie Mae and Freddie Mac will top $400 billion, according to Peter Wallison, a former general counsel at the Treasury who is now a fellow at the American Enterprise Institute.

“The situation is they are losing gobs of money, up to $400 billion in mortgages,” Wallison said in a Bloomberg Television interview. The Treasury Department recognized last week that losses will be more than $400 billion when it raised its limit on federal support for the two government-sponsored enterprises, he said.

The Treasury said on Dec. 24 it would provide an unlimited amount of assistance to the companies as needed for the next three years to alleviate market concern that the government lifeline for Fannie Mae and Freddie Mac, the largest source of money for U.S. home loans, could lapse or be exhausted.

Wonderful...

Spy Chiefs Turn on President Obama

http://www.dailymail.co.uk/news/worldnews/article-1239941/Spy-chiefs-turn-President-Obama-seven-CIA-agents-slaughtered-Afghanistan.html

Barack Obama was accused of double standards yesterday in his treatment of the CIA.
The President paid tribute to secret agents after seven of them were killed by a suicide bomber in Afghanistan.


In a statement, he said the CIA had been ‘tested as never before’ and that agents had ‘served on the front lines in directly confronting the dangers of the 21st century’.
He lauded the victims as ‘part of a long line of patriots who have made great sacrifices for their fellow citizens and for our way of life’.


Yet the previous day he had blasted ‘systemic failures’ in the CIA and other U.S. intelligence agencies for failing to prevent the Christmas Day syringe bomb attack.

‘One day the President is pointing the finger and blaming the intelligence services, saying there is a systemic failure,’ said one agency official. ‘Now we are heroes. The fact is that we are doing everything humanly possible to stay on top of the security situation. The deaths of our operatives shows just how involved we are on the ground.’

Obama just says whatever is politically correct at the moment, he doesn't mean any of it.

Saturday, January 2, 2010

New Grade Scale Raises Questions

http://www.educationnews.org/educationnewstoday/18474.html

Concord High School [NH] has begun rolling out a new grading system aimed at encouraging progress rather than marking achievement. But two years after the new 1-to-5 grade scale saw its first limited use, major questions remain about how competency-based education will work in Concord

The shift away from the 100-point grading scale will foster a different mindset about assessment, Crumrine told the 16 or so adults gathered at the parents meeting Thursday. Though the school will continue using the 100-point scale on transcripts, the current plan calls for teachers to mark report cards with grades ranging from 1, when a student shows no grasp of a competency, to 5, when he or she masters it.

The shift is intended to strip grades of association with judgment, so they become a tool of communication. A teacher can tell a student it's all right to begin with a 1 more convincingly than he could say it's all right to begin with an F, said Crumrine, who teaches two chemistry classes.

We're doomed...

Friday, January 1, 2010

Obama Gives Interpol Free Hand in U.S.

http://www.washingtonexaminer.com/opinion/Obama-gives-Interpol-free-hand-in-U_S_-8697583-80291137.html

There are multiple reasons why this Obama decision is so deeply disturbing. First, the Obama order reverses a 1983 Reagan administration decision in order to grant Interpol, the International Criminal Police Organization, two key privileges. First, Obama has granted Interpol the ability to operate within the territorial limits of the United States without being subject to the same constitutional restraints that apply to all domestic law enforcement agencies such as the FBI. Second, Obama has exempted Interpol's domestic facilities -- including its office within the U.S. Department of Justice -- from search and seizure by U.S. authorities and from disclosure of archived documents in response to Freedom of Information Act requests filed by U.S. citizens. Think very carefully about what you just read: Obama has given an international law enforcement organization that is accountable to no other national authority the ability to operate as it pleases within our own borders, and he has freed it from the most basic measure of official transparency and accountability, the FOIA.