Monday, June 08, 2009

What Could Possibly Go Wrong? By BRUCE ASH


Friends..........

Government run health care is on the table.

If Americans lose this battle we are in for real trouble.

The government that cannot run Social Security, Medicare, the US Post Office, AMTRAK,FANNIE MAE & FREDDIE MAC , The Department of Agriculture &The Department of Energy now wish to tell Americans where they get their healthcare?

Sort of like going down to the DMV to get a doctor? Sorry , that doesn't work in England, Canada or most anywhere else and it probably work in America. If you think the deficits are awful now ; If you are opposed to the way we have become mortgaged to the hilt by the Chinese you haven't seen anything yet folks ! For anyone who still believes government run health care will be good for America please read the following:

WHAT COULD POSSIBLY GO WRONG?
Democrats Hope To Expand On Government's Dismal Management Record With Your Healthcare
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DEMOCRATS SEEK TO EXPAND GOVERNMENT'S ROLE IN HEALTH CARE ...
The Cost Of Obama's Health Care Overhaul Could Exceed $1 Trillion. "Obama and congressional Democrats are considering an overhaul that could exceed $1 trillion over 10 years, and spending cuts will get them only so far. That means some people will take a tax hit. The hot target at the moment: levying a tax on health benefits provided through employers, which currently aren't subject to taxation." (Carrie Budoff Brown, "Barack Obama's Health Plan Takes Shape," Politico, 6/1/09)

Top Democrats, President Obama Moving Toward Government Mandate That All Americans Buy Health Insurance. "[I]n a letter to two top Democratic senators released Wednesday, the president said he understood that two Senate committees are moving toward mandating that individuals have health coverage and that employers help pay to provide it. 'I share the goal of ending lapses and gaps in coverage that make us less healthy and drive up everyone's costs, and I am open to your ideas on shared responsibility,' the letter said." (Janet Adamy, "Obama Shifts On Coverage Mandate, The Wall Street Journal, 6/4/09)

... DESPITE LONG RECORD OF MANAGEMENT AND INTERVENTION FAILURE

GENERAL MOTORS: The Government's Ownership Stake In GM Came Only After It's Initial $19 Billion Bailout Failed To Keep The Company Out Of Bankruptcy. "The plan, laid out in an SEC filing, would give the government a 72.5 percent stake in a new GM, but the administration said it could cost taxpayers another $30 billion, reports CBS News correspondent Anthony Mason. Washington has already invested more than $19 billion to keep GM's motor running. But people familiar with GM's plans said the automaker would still file for bankruptcy protection on Monday." ("Report: GM Set For June 1 Bankruptcy," CBS News, 5/28/09)

FANNIE MAE & FREDDIE MAC: Housing Giants Fannie Mae And Freddie Mac Had To Be Placed In "Conservatorship" To Prevent "New Wave Of Failures Among Banks." "The Bush administration yesterday prepared to take over the troubled housing finance companies Fannie Mae and Freddie Mac, after concluding the companies don't have enough capital to continue to play their crucial role funding home mortgages. Under the plan, engineered by Treasury Secretary Henry M. Paulson Jr., the government would place the two companies under 'conservatorship,' a legal status akin to Chapter 11 bankruptcy. Their boards and chief executives would be fired and a government agency, the Federal Housing Finance Agency, would appoint new chief executives. ... Moreover, regulators are trying to prevent Fannie Mae and Freddie Mac's problems from tr iggering a new wave of failures among banks, which hold vast reserves of bonds and preferred shares issued by the two firms." (Zachary A. Goldfarb, David Cho & Binyamin Appelbaum, "Treasury To Rescue Fannie And Freddie," The Washington Post, 9/7/08)

THE STIMULUS PLAN: The Associated Press' Analysis Challenges The Administration's Claim That Stimulus Money Would Create Jobs In The Areas That Have Been Hit The Hardest. "The early trend seen in the AP analysis runs counter to expectations raised by Obama, that road and infrastructure money from the historic $787 billion stimulus plan would create jobs in areas most devastated by layoffs." (Matt Apuzzo and Brett J. Blackledge, "Stimulus Watch: Jobs, But Not Where Needed Most," The Associated Press, 5/11/09)

According To A USA Today Review, The Federal Stimulus Money Has Yet To Reach States Where Unemployment Has Hit Hardest. "Nationwide, federal agencies have awarded nearly $4 billion in contracts to help jump-start the economy since President Obama signed the massive stimulus package in February. But, with few exceptions, that money has not reached states where the unemployment rate is highest, according to a USA TODAY review of contracts disclosed throu gh the Federal Procurement Data System." (Brad Heath, "Stimulus Projects Bypass Hard-Hit States," USA Today, 5/28/09)

MEDICARE: "Last year the Government Accountability Office estimated that no less than one-third of all Medicare disbursements for durable medical equipment, such as wheelchairs and hospital beds, were improper or fraudulent."
(John Steele Gordon, "Why Government Can't Run a Business," The Wall Street Journal, 05/21/09)

"From April 2006 through March 2007, CMS estimated that Medicare improperly paid $1 billion for DMEPOS supplies--in part due to fraud by suppliers." ("MEDICARE: Covert Testing Exposes Weaknesses in the Durable Medical Equipment Supplier Screening Process", U.S. Government Accountability Office, 07/2008)

AMTRAK: Despite Billion Dollar Deficits, The Government Continues To Pour Money Into Amtrak. "The legislation authorizes $2.5 billion a year for Amtrak, almost double its current federal funding level. The money would cover operating and capital expenses, including equipment purchases and railroad repairs. About $1.4 billion would help pay down Amtrak's more than $3 billion in debt. ... Lawmakers have long debated whether taxpayers should continue to subsidize the nation's intercity passenger rail network, which ran a $1 billion deficit in the fiscal year ended Sept. 30, 2007." (Josh Mitchell, "Senate Approves $13 Billion Amtrak Funding Bill," Dow Jones Newswire, 10/2/08)

POSTAL SERVICE: Over A Six Month Period, Postal Service Investigation Found Over $1 Billion In "Inefficiently used Funds," $248 Million In "Questioned Costs." "In a recent Semiannual Report to Congress, which covered the six-month period between April and September 2007, USPS Inspector General David C. Williams identified over $1.35 billion worth of inefficiently used funds and over $248 million in questioned costs. The report also made 86 recommendations that could save the Postal Service $1.6 billion if enacted." (Robert R. Schrum, "Postal Inspector General Delivers Valuable Results," The Lexington Institute, 1/24/08)

TRANSPORTATION SECURITY ADMINISTRATION: In 2007 Security Tests, Transportation Security Administration Screeners Missed 60% Of Simulated Bomb Materials At Chicago O'Hare International, And 75% At Los Angeles International. "Security screeners at two of the nation's busiest airports failed to find fake bombs hidden on undercover agents posing as passengers in more than 60% of tests last year, according to a classified report obtained by USA TODAY. Screeners at Los Angeles International Airport missed about 75% of simulated explosives and bomb parts that Transportation Security Administration testers hid under their clothes or in carry-on bags at checkpoints, the TSA report shows. At Chicago O'Hare International Airport, screeners missed about 60% of hidden bomb materials that were packed in everyday carry-ons -- including toiletry kits, briefcases and CD players." (Thomas Frank, "Most Fake Bombs Missed By Screeners," USA Today, 10/22/07)

Private Security Company Screeners At San Francisco International Missed About 20%. "San Francisco International Airport screeners, who work for a private company instead of the TSA, missed about 20% of the bombs, the report shows. The TSA ran about 70 tests at Los Angeles, 75 at Chicago and 145 at San Francisco." (Thomas Fra nk, "Most Fake Bombs Missed By Screeners," USA Today, 10/22/07)

ENERGY UTILITIES: As Of 2005, Despite Market Advantages, Tennessee Valley Authority And Department Of Energy's Power Marketing Administrations Had Over $10 Billion In Default Loans. "[T]hese entities are exempt from federal taxes, giving them a big competitive advantage over [Investor Owned Utilities]. They also qualify for a variety of federally backed loans at below-market interest rates and with favorable payment terms. Moreover, over $10 billion of this debt is in default, and the American taxpayer will ultimately pick up the tab." (Ben Lieberman, "Time To Pull the Plug on Federally Subs idized Electricity," The Heritage Foundation, 11/7/05)

FARM SUBSIDIES: The USDA Had Distributed Over $49 Million Dollars In Farm Subsidies To Ineligible Recipients. "The GAO report found that payments went to thousands of individuals who may not have met the income eligibility requirements under the 2002 Farm Bill. GAO also concluded that it is likely that 'under the 2008 Farm Bill, even more individuals will exceed income eligibility requirements and still receive payments.' GAO found that "of the 1.8 million individuals receiving farm payments from 2003 through 2006, 2,702 had an average adjusted gross income (AGI) that exceeded $2.5 million and derived less than 75 percent of their income from farming." This should have disqualified them from receiving farm subsidy payments. Altogether, USDA paid at least $49 million to these wealthy individuals." (John Frydenlund, "USDA Makes $49 Million in Payments to Ineligible Individuals," Citizens Against Government Waste, 12/08)


Bruce Ash
National Committeeman
www.AshForArizona.com

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