Category Archives: Bankruptcy BS

GET SHAFTED AMERICA

My column in today’s American Spectator discusses “Get Covered America,” the much-anticipated propaganda campaign from the Obama regime’s front group “Enroll America.” The alleged purpose of this campaign is to connect the uninsured to Obamacare’s insurance exchanges. But this suggests a question: During the health reform debate, we were repeatedly told by the White House, [...]

THE MEDICAL BANKRUPTCY MYTH … AGAIN

One of the most persistent myths concerning our health care system involves the notion that medical bills are forcing huge numbers of Americans into bankruptcy. Sally Pipes notes that this myth has reared its ugly head once again: This year, a whopping 1.25 million Americans are expected to file for bankruptcy. That’s about equal to [...]

WOLF: PROSPERITY STARTS WITH AMERICANS, NOT UNCLE SAM

In his latest column for the Washington Times, Milton Wolf marvels at the inability of our governing class to absorb the economic lessons of the past few years: Never before in history has such overwhelming evidence failed to convince the smart-set governing class of the obvious: Government cannot create wealth. So, who adds real value [...]

WOLF: THE BAD LUCK PRESIDENT

Milton Wolf’s  latest column in the Washington Times is as trenchant an indictment of Obamanomics as you will find. He begins with the excuses Obama offers for failure on the economy: ‘We had reversed the recession, avoided a depression, gotten the economy moving again,’ President Obama fantasized on the campaign stump in Iowa. ‘But over the [...]

SHOCKER: GOVT PROBABLY UNDERESTIMATING REAL COST OF MEDICARE BY $6 TRILLION

I know this will be hard to believe of those paragons of fiscal precision inside the Beltway, but it appears that official estimates of Medicare’s unfunded liability are too low: Medicare’s long-term liabilities already are among the biggest drivers of future federal budget deficits. But the burden on taxpayers may be $6 trillion larger than official [...]

VIDEO: CHARLES KRAUTHAMMER CALLS OBAMA “PATHETIC” ON DEBT PROBLEM

Krauthammer points out that this is one of the most crucial moments in American history and the President is voting “present”: He hasn’t had this issue of debt on the table for two and a half years … he’s done absolutely nothing on this. And even today, after the gyrations in the market and after [...]

HSIEH ON THE DOWNGRADE: DEMS DECIDE TO SHOOT THE MESSENGER

Paul Hsieh has, in his latest contribution to Pajamas Media, found the perfect metaphor for the creepy reaction of the Democrats to the downgrade caused by their irresponsible policies: Suppose you saw your doctor for a persistent headache. After performing a full battery of tests, he told you that your MRI scan showed a malignant brain tumor. Would you [...]

DID OBAMACARE CAUSE THE DOWNGRADE?

In my most recent column for the American Spectator, I wrote that ObamaCare is at least partially to blame for the high unemployment rate. While the voters made it obvious that we wanted the President and Congress to abandon their fixation on health care and focus on jobs, we were ignored. Thus, unemployment has hovered around 9% for [...]

REPUBLICAN BUDGET DEFUNDS OBAMACARE

The GOP’s budget proposal was presented today by Rep. Paul Ryan, the Chairman of the House Budget Committee, and it purports to contain not a penny for ObamaCare: The Republican proposal says one of its aims is ‘making sure that not a penny goes toward implementing the new [health care] law enacted last year. This includes [...]

RYAN: OBAMA’S BUDGET “DEBT ON ARRIVAL”

I may be mistaken, but I get the feeling that the Chairman of the House Budget Committee, Pual Ryan, is not all that nuts about the President’s proposed budget: Debt on arrival. D-E-B-T on arrival … Look, he raises spending everywhere. He raises taxes everywhere, increases borrowing. The trajectory of this budget is in the wrong [...]