Medicare

Rep. Alan Grayson Urges to Vote Now on The Public Option, Introduces H.R. 4789 ‘Public Option Act’

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The Insurance Companies ‘Are The Real Death Panels In This Country.’


The video is Grayson’s speech on the House floor Tuesday, uploaded to YouTube.

Progressive firebrand Rep. Alan Grayson (D-FL) isn’t giving up on offering Americans a public option.

The congressman on Tuesday introduced the four-page H.R. 4789 “Public Option Act,” also called the “Medicare You Can Buy Into Act,” would allow all legal American residents under 65 to enroll in Medicare by paying a fee. He made a passionate call for a vote on the floor of the House.

“The government spent billions of dollars creating a Medicare network of providers that is only open to one-eighth of the population,” Grayson said. “That’s like saying, ‘Only people 65 and over can use federal highways.’  It is a waste of a very valuable resource and it is not fair.  This idea is simple, it makes sense, and it deserves an up-or-down vote.”

The inclusion of a public option in the larger Democratic health care legislation has been a topic of immense debate. The Senate dropped the proposal in December and the final package is unlikely to include it. A Medicare buy-in option was also briefly considered but didn’t survive.

The Florida freshman described the “adversarial relationship” he had with his insurance company when his bills skyrocketed during the birth of his twins, who were born early and spent months in the hospital. He said many Americans face similar problems, and that “every penny they spent on my care was a penny less for their profits.”

“America needs a public option,” he declared, lamenting the lack of competition in the private insurance industry. “That’s why I’ve introduced this bill.”

Seeking to clear up any doubts about the proposal, Grayson noted that it’s “not a plan for subsidies” as “everyone would have to pay their own costs.”

He labeled insurance companies “the real death panels in this country” due to their widely-documented practices of denying care due to people with pre-existing conditions and rescinding coverage from sick patients.

Read moreRep. Alan Grayson Urges to Vote Now on The Public Option, Introduces H.R. 4789 ‘Public Option Act’

Paul Craig Roberts: How Wall Street Destroyed Health Care – Greed, Be Thou My God

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Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

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Paul Craig Roberts

At my annual check-up, my doctor handed me a sheet explaining the reasons for office fee increases for Medicare Patients. It is worth reporting at length.

Medicare fixes the prices for Medicare patients’ health care. All office charges for Medicare, including office visit charges, have been set by the Federal government since 1984. In real terms (adjusted for inflation), these fixed prices are less today than they were three decades ago.

During the last four years, there have been large decreases in Medicare reimbursements for laboratory services provided in-house by private physicians. Payments for in-office blood work, for example, have been cut 35 to 47 per cent. Yet, a physician’s overhead continues to increase as a result of uncontrollable costs, such as property taxes, building insurance, electricity, maintenance, malpractice and workers compensation insurance.

As one result, my doctor had to close both the x-ray unit and the state and federally licensed medical laboratory on his premises. Now patients are inconvenienced by having to go to other locations for services that formerly were provided by the doctor at lower cost. A one day medical check-up is now a multiple day event and more expensive.

While Medicare payments to doctors have been cut, regulations have been increasing: “Almost every outside diagnostic procedure (CT, MRI scan, sonogram) ordered by this office now has to be pre-approved by some outside agency. Many medications are now requiring pre-approval or step therapy. Each requires filling out 1-2 pages of forms and/or two or more phone calls. This requires personnel time and therefore more cost. Consultant referrals are requiring more paperwork and time to schedule.”

My doctor has more people employed doing paperwork than he does delivering health care.

While Medicare payments for in-office services to private doctors, including those for blood work and x-ray units, were drastically cut, payments to outside corporate facilities for the same services were increased. It is obvious what is afoot. Corporate lobbies are using their whores in Congress to shift income from physician offices to corporate labs, corporate medical service providers, and hospitals that are owned by national corporations.

Legislation that cuts payments to private physicians and increases the payments to large corporate entities is intended to destroy private practice and to create in its place corporate bureaucracies in which doctors are wage slaves. The physician’s income is diverted to shareholders, CEO bonuses, and Wall Street. Health care is being replaced with health business.

As a result of the way American medicine is being reconstructed, patients will cease to have a doctor whom they know and who knows them. Important information is lost in a system of bureaucratized “health care” in which a patient sees whatever face happens to be on duty at the corporate provider. Impersonal health care thus brings a cost of its own, and its quality can be low compared to private practice. Indeed, the U.S. is creating a “health care” system that is more costly and less efficient than single-payer national health systems. But it will enrich corporations and provide play for Wall Street.

It turns one’s stomach to watch libertarians and “free market economists” defend bureaucratized impersonal health care as “free market medicine.” There is no free market present. Corporate lobbies and campaign contributions use government power to create bureaucratized monopolies that destroy medicine for the practitioner and the patient. Wall Street pushes for greater shareholder earnings, which are achieved by denying care.

Just as independent businesses have been destroyed by corporate chains from Wal-Mart to auto parts to fast food, medicine is being destroyed by monopoly capital. The risks of starting a private business today are many times higher than they were a half century ago. Chains have turned Americans who once were independent business men and women into employees.

The fate of the health care bill demonstrates the power of private lobbies. What was to be health care for Americans was instantly transformed into 30 million new patients for the private health insurance industry. The “solution” to tens of millions of Americans being unable to afford health care is a law that requires them to purchase a private health care policy or be annually fined. As most of these uninsured Americans cannot afford to purchase a private policy, the plan is for the federal government to use taxpayers’ money to subsidize their purchase of a policy from private companies.

In other words, tax money is being diverted to the pockets of private businesses. This is par for the course in “capitalist” America.

Read morePaul Craig Roberts: How Wall Street Destroyed Health Care – Greed, Be Thou My God

We’re Screwed! Hyperinflation like in the Weimar Republic; Great Depression worse than in the 1930s

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The US is already beyond hope!

See also:

– John Williams of Shadowstats: Prepare For The Hyperinflationary Great Depression

This is the Greatest Depression.

ShadowStats.com founder John Williams explains the risk of hyperinflation. Worst-case scenario? Rioting in the streets and devolution to a bartering system.

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Courtesy of John WilliamsEconomist/statistician John Williams shifts through the government’s rose-tinted data

Do you believe everything the government tells you? Economist and statistician John Williams sure doesn’t. Williams, who has consulted for individuals and Fortune 500 companies, now uncovers the truth behind the U.S. government’s economic numbers on his Web site at ShadowStats.com. Williams says, over the last several decades, the feds have been infusing their data with optimistic biases to make the economy seem far rosier than it really is. His site reruns the numbers using the original methodology. What he found was not good.

Maymin: So we are technically bankrupt?

Williams: Yes, and when countries are in that state, what they usually do is rev up the printing presses and print the money they need to meet their obligations. And that creates inflation, hyperinflation, and makes the currency worthless.

Obama says America will go bankrupt if Congress doesn’t pass the health care bill.

Well, it’s going to go bankrupt if they do pass the health care bill, too, but at least he’s thinking about it. He talks about it publicly, which is one thing prior administrations refused to do. Give him credit for that. But what he’s setting up with this health care system will just accelerate the process.

Where are we right now?

In terms of the GDP, we are about halfway to depression level. If you look at retail sales, industrial production, we are already well into depressionary. If you look at things such as the housing industry, the new orders for durable goods we are in Great Depression territory. If we have hyperinflation, which I see coming not too far down the road, that would be so disruptive to our system that it would result in the cessation of many levels of normal economic commerce, and that would throw us into a great depression, and one worse than was seen in the 1930s.

What kind of hyperinflation are we talking about?

I am talking something like you saw with the Weimar Republic of the 1930s. There the currency became worthless enough that people used it actually as toilet paper or wallpaper. You could go to a fine restaurant and have an expensive dinner and order an expensive bottle of wine. The next morning that empty bottle of wine is worth more as scrap glass than it had been the night before filled with expensive wine.

We just saw an extreme example in Zimbabwe. … Probably the most extreme hyperinflation that anyone has ever seen. At the same time, you still had a functioning, albeit troubled, Zimbabwe economy. How could that be? They had a workable backup system of a black market in U.S. dollars. We don’t have a backup system of anything. Our system, with its heavy dependence on electronic currency, in a hyperinflation would not do well. It would probably cease to function very quickly. You could have disruptions in supply chains to food stores. The economy would devolve into something like a barter system until they came up with a replacement global currency.

What can we do to avoid hyperinflation? What if we just shut down the Fed or something like that?

We can’t. The actions have already been taken to put us in it. It’s beyond control. The government does put out financial statements usually in December using generally accepted accounting principles, where unfunded liabilities like Medicare and Social Security are included in the same way as corporations account for their employee pension liabilities. And in 2008, for example, the one-year deficit was $5.1 trillion dollars. And that’s instead of the $450 billion, plus or minus, that was officially reported.

Wow.

These numbers are beyond containment. Even the 2008 numbers, you can take 100 percent of people’s income and corporate profit and you’d still be in deficit. There’s no way you can raise enough money in taxes.

What about spending?

If you eliminated all federal expenditures except for Medicare and Social Security, you’d still be in deficit. You have to slash Social Security and Medicare. But I don’t see any political will to rein in the costs the way they have to be reined in. There’s just no way it can be contained. The total federal debt and net present value of the unfunded liabilities right now totals about $75 trillion. That’s five times the level of GDP.

Read moreWe’re Screwed! Hyperinflation like in the Weimar Republic; Great Depression worse than in the 1930s

Paul Craig Roberts: The Obama Puppet – The World’s Least Powerful Man

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Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

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Paul Craig Roberts

It didn’t take the Israel Lobby very long to bring President Obama to heel regarding his prohibition against further illegal Israeli settlements on occupied Palestinian land. Obama discovered that a mere American president is powerless when confronted by the Israel Lobby and that the United States simply is not allowed a Middle East policy separate from Israel’s.

Obama also found out that he cannot change anything else either, if he ever intended to do so.

The military/security lobby has war and a domestic police state on its agenda, and a mere American president can’t do anything about it.

President Obama can order the Guantanamo torture chamber closed and kidnapping and rendition and torture to be halted, but no one carries out the order.

Essentially, Obama is irrelevant.

President Obama can promise that he is going to bring the troops home, and the military lobby says, “No, you are going to send them to Afghanistan, and in the meantime start a war in Pakistan and maneuver Iran into a position that will provide an excuse for a war there, too. Wars are too profitable for us to let you stop them.”

And the mere president has to say, “Yes, Sir!”

Obama can promise health care to 50 million uninsured Americans, but he can’t override the veto of the war lobby and the insurance lobby. The war lobby says its war profits are more important than health care and that the country can’t afford both the “war on terror” and “socialized medicine.”

The insurance lobby says health care has to be provided by private health insurance; otherwise, we can’t afford it.

The war and insurance lobbies rattled their campaign contribution pocketbooks and quickly convinced Congress and the White House that the real purpose of the health care bill is to save money by cutting Medicare and Medicaid benefits, thereby “getting entitlements under control.”

Read morePaul Craig Roberts: The Obama Puppet – The World’s Least Powerful Man

Landmark health care bill passes House on close vote

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“A triumphant Speaker Nancy Pelosi compared the legislation to the passage of Social Security in 1935 and Medicare 30 years later.”

Excellent comparison Mrs. Pelosi:

– US: THIS is Big Government (Yahoo Finance):

Social Security was established in 1935 – they’ve had 74 years to get it right; it is broke.

Medicare and Medicaid were established in 1965 – they’ve had 44 years to get it right; they are both broke; and now our government dares to mention them as models for all US health care.

– Judge Napolitano: Everything the Government Runs is Bankrupt!:

“Medicare is broke.”

“Medicaid is broke.”

“Social security is a bigger Ponzi scheme and a bigger fraud than anything Bernie Madoff ever dreamed of and it’s broke.”

Change!

APTOPIX Health Care Overhaul
Speaker Nancy Pelosi, center, is joined by (L-R) House Majority Leader Steny Hoyer and Rep. George Miller, D-Calif. during a press conference at the U.S. Capitol, Saturday, Nov. 7, 2009 in Washington after the passage in the house of the health care reform bill. at the U.S. Capitol, Saturday, Nov. 7, 2009 in Washington. (AP Photo/Alex Brandon)

WASHINGTON — The Democratic-controlled House has narrowly passed landmark health care reform legislation, handing President Barack Obama a hard won victory on his signature domestic priority.

Republicans were nearly unanimous in opposing the plan that would expand coverage to tens of millions of Americans who lack it and place tough new restrictions on the insurance industry.

The 220-215 vote late Saturday cleared the way for the Senate to begin a long-delayed debate on the issue that has come to overshadow all others in Congress.

A triumphant Speaker Nancy Pelosi compared the legislation to the passage of Social Security in 1935 and Medicare 30 years later.

Read moreLandmark health care bill passes House on close vote

Paul Craig Roberts: The Health Care Deceit

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Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

It is the War in Afghanistan Obama Declared a “Necessity,” Not Health Care


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Paul Craig Roberts

The current health care “debate” shows how far gone representative government is in the United States. Members of Congress represent the powerful interest groups that fill their campaign coffers, not the people who vote for them.

The health care bill is not about health care. It is about protecting and increasing the profits of the insurance companies. The main feature of the health care bill is the “individual mandate,” which requires everyone in America to buy health insurance. Senate Finance Committee chairman Max Baucus (D-Mont), a recipient of millions in contributions over his career from the insurance industry, proposes to impose up to a $3,800 fine on Americans who fail to purchase health insurance.

The determination of “our” elected representatives to serve the insurance industry is so compelling that Congress is incapable of recognizing the absurdity of these proposals.

The reason there is a health care crisis in the US is that the cumulative loss of jobs and benefits has swollen the uninsured to approximately 50 million Americans. They cannot afford health insurance any more than employers can afford to provide it.

It is absurd to mandate that people purchase what they cannot afford and to fine them for failing to do so. A person who cannot pay a health insurance premium cannot pay the fine.

These proposals are like solving the homeless problem by requiring the homeless to purchase a house.

Read morePaul Craig Roberts: The Health Care Deceit

US: Hyperinflation Nation

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Hyperinflation Nation starring Peter Schiff, Ron Paul, Jim Rogers, Marc Faber, Tom Woods, Gerald Celente, and others.

Prepare now before the US dollar is worthless.

Part 1 :

Read moreUS: Hyperinflation Nation

Congressman Dennis Kucinich on ‘OBAMACARE’: ‘The insurance companies are going to get a windfall’

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Obama sold out the US taxpayer to greedy Wall Street banksters.

He sold out the US taxpayer to the military-industrial complex by escalating the war in Afghanistan and not bringing the troops home.

He sold out the US taxpayer by breaking every major promise he made during his campaign, continuing with Bush’s policies.

Now he plans to sell out the US taxpayer to the insurance and pharmaceutical companies.

At least he is consistent with destroying America every time he gets a chance to do so, like – or even worse than – G. W. Bush.

‘Obamanomics’ and now also ‘Obamacare’ will be a complete disaster for the American people.

Congressman Dennis Kucinich Responds To Obama’s Address To Congress

US: THIS is Big Government

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– The US is in a ‘Death Spiral’ and ‘in the Tank Forever’, says Davidowitz

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National debt projections (approaching $10 trillion) have increased 400% in the last six months.

The U.S. Postal Service was established in 1775 – they’ve had 234 years to get it right; it is broke, and even though heavily subsidized, it can’t compete with private sector FedEx and UPS services.

Social Security was established in 1935 – they’ve had 74 years to get it right; it is broke.

Fannie Mae was established in 1938 – they’ve had 71 years to get it right; it is broke. Freddie Mac was established in 1970 – they’ve had 39 years to get it right; it is broke. Together Fannie and Freddie have now led the entire world into the worst economic collapse in 80 years.

The War on Poverty was started in 1964 – they’ve had 45 years to get it right; $1 trillion of our hard earned money is confiscated each year and transferred to “the poor”; it hasn’t worked.

Medicare and Medicaid were established in 1965 – they’ve had 44 years to get it right; they are both broke; and now our government dares to mention them as models for all US health care.

AMTRAK was established in 1970 – they’ve had 39 years to get it right; last year they bailed it out as it continues to run at a loss!

This year, a trillion dollars was committed in the massive political payoff called the Stimulus Bill of 2009; it shows NO sign of working; it’s been used to increase the size of governments across America, and raise government salaries while the rest of us suffer from economic hardships. It has yet to create a single new private sector job. Our national debt projections (approaching $10 trillion) have increased 400% in the last six months.

Read moreUS: THIS is Big Government

What Soviet Medicine Teaches Us

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obamacaresymbol

In 1918, the Soviet Union became the first country to promise universal “cradle-to-grave” healthcare coverage, to be accomplished through the complete socialization of medicine. The “right to health” became a “constitutional right” of Soviet citizens.

The proclaimed advantages of this system were that it would “reduce costs” and eliminate the “waste” that stemmed from “unnecessary duplication and parallelism” – i.e., competition.

These goals were similar to the ones declared by Mr. Obama and Ms. Pelosi – attractive and humane goals of universal coverage and low costs. What’s not to like?

The system had many decades to work, but widespread apathy and low quality of work paralyzed the healthcare system. In the depths of the socialist experiment, healthcare institutions in Russia were at least a hundred years behind the average US level. Moreover, the filth, odors, cats roaming the halls, drunken medical personnel, and absence of soap and cleaning supplies added to an overall impression of hopelessness and frustration that paralyzed the system. According to official Russian estimates, 78 percent of all AIDS victims in Russia contracted the virus through dirty needles or HIV-tainted blood in the state-run hospitals.

Irresponsibility, expressed by the popular Russian saying “They pretend they are paying us and we pretend we are working,” resulted in appalling quality of service, widespread corruption, and extensive loss of life. My friend, a famous neurosurgeon in today’s Russia, received a monthly salary of 150 rubles – one third of the average bus driver’s salary.

In order to receive minimal attention by doctors and nursing personnel, patients had to pay bribes. I even witnessed a case of a “nonpaying” patient who died trying to reach a lavatory at the end of the long corridor after brain surgery. Anesthesia was usually “not available” for abortions or minor ear, nose, throat, and skin surgeries. This was used as a means of extortion by unscrupulous medical bureaucrats.

“Slavery certainly ‘reduced costs’ of labor, ‘eliminated the waste’ of bargaining for wages, and avoided ‘unnecessary duplication and parallelism’.”

To improve the statistics concerning the numbers of people dying within the system, patients were routinely shoved out the door before taking their last breath.

Read moreWhat Soviet Medicine Teaches Us

Dennis Kucinich: Health Care Wanted … Dead or Alive

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The masquerade is over! The “public option” is … dead.

Health care reform is now a private option: WHICH FOR PROFIT INSURANCE COMPANY DO YOU WANT? You have to choose. And you have to pay. If you have a low income, under HR3200 government will subsidize the private insurance companies and you will still have to pay premiums, co-pays and deductibles.

The Administration plan requires that everyone must have health insurance, so it is delivering tens of millions of new “customers” to the insurance companies. Health care? Not really. Insurance care! Absolutely. Cost controls? No chance.

You will next hear talk about “co-ops.” The truth is that insurance company campaign contributions have co-opted the public interest.

I need your help to spread the word and rally the nation around true healthcare reform which covers everyone and maintains fiscal integrity without breaking our nation’s bank! Your contribution will empower our efforts to continue to fight for the single-payer, not-for-profit health care bill, HR676 “Medicare for All,” which I co-authored with John Conyers.. The bill now has 85 sponsors in the House.

The hotly-debated HR3200, the so-called “health care reform” bill, is nothing less than corporate welfare in the guise of social welfare and reform. It is a convoluted mess. The real debate which we should be having is not occurring.

Read moreDennis Kucinich: Health Care Wanted … Dead or Alive

Judge Napolitano: Everything the Government Runs is Bankrupt!

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“Medicare is broke.”

“Medicaid is broke.”

“Social security is a bigger Ponzi scheme and a bigger fraud than anything Bernie Madoff ever dreamed of and it’s broke.”


Added: August 19, 2009


Real change or why you should have voted for Ron Paul:


Liberty and Economics – Ludwig von Mises


Added: August 18, 2009

Get Ready for Inflation and Higher Interest Rates: The unprecedented expansion of the money supply could make the ’70s look benign

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Rahm Emanuel was only giving voice to widespread political wisdom when he said that a crisis should never be “wasted.” Crises enable vastly accelerated political agendas and initiatives scarcely conceivable under calmer circumstances. So it goes now.

Here we stand more than a year into a grave economic crisis with a projected budget deficit of 13% of GDP. That’s more than twice the size of the next largest deficit since World War II. And this projected deficit is the culmination of a year when the federal government, at taxpayers’ expense, acquired enormous stakes in the banking, auto, mortgage, health-care and insurance industries.

With the crisis, the ill-conceived government reactions, and the ensuing economic downturn, the unfunded liabilities of federal programs — such as Social Security, civil-service and military pensions, the Pension Benefit Guarantee Corporation, Medicare and Medicaid — are over the $100 trillion mark. With U.S. GDP and federal tax receipts at about $14 trillion and $2.4 trillion respectively, such a debt all but guarantees higher interest rates, massive tax increases, and partial default on government promises.

But as bad as the fiscal picture is, panic-driven monetary policies portend to have even more dire consequences. We can expect rapidly rising prices and much, much higher interest rates over the next four or five years, and a concomitant deleterious impact on output and employment not unlike the late 1970s.

About eight months ago, starting in early September 2008, the Bernanke Fed did an abrupt about-face and radically increased the monetary base — which is comprised of currency in circulation, member bank reserves held at the Fed, and vault cash — by a little less than $1 trillion. The Fed controls the monetary base 100% and does so by purchasing and selling assets in the open market. By such a radical move, the Fed signaled a 180-degree shift in its focus from an anti-inflation position to an anti-deflation position.

The percentage increase in the monetary base is the largest increase in the past 50 years by a factor of 10 (see chart). It is so far outside the realm of our prior experiential base that historical comparisons are rendered difficult if not meaningless. The currency-in-circulation component of the monetary base — which prior to the expansion had comprised 95% of the monetary base — has risen by a little less than 10%, while bank reserves have increased almost 20-fold. Now the currency-in-circulation component of the monetary base is a smidgen less than 50% of the monetary base. Yikes!

Read moreGet Ready for Inflation and Higher Interest Rates: The unprecedented expansion of the money supply could make the ’70s look benign

US Federal Obligations Rise To A Record $546,668 Per Household

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“In Debt We Trust.”

Yes, we can … spend the U.S. into oblivion:

– Famous investor Marc Faber: U.S. will go into Hyperinflation, Approaching Zimbabwe Levels

– Richard Fisher, president of the Dallas Federal Reserve Bank:
The“very big hole” in unfunded pension and health-care liabilities is over $99 trillion.
(Full article: Here)

– Glenn Beck: United States Debt Obligations Exceed World GDP

– Federal obligations exceed world GDP

The US is totally broke.

Leap in U.S. debt hits taxpayers with 12% more red ink

Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows.

The 12% rise in red ink in 2008 stems from an explosion of federal borrowing during the recession, plus an aging population driving up the costs of Medicare and Social Security.

That’s the biggest leap in the long-term burden on taxpayers since a Medicare prescription drug benefit was added in 2003.

The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That’s quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.

Read moreUS Federal Obligations Rise To A Record $546,668 Per Household

Paul Craig Roberts: Was the Bailout Itself a Scam?

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Paul Craig Roberts [email him] was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

A Program of Financial Concentration

Professor Michael Hudson (CounterPunch, March 18) is correct that the orchestrated outrage over the $165 million AIG bonuses is a diversion from the thousand times greater theft from taxpayers of the approximately $200 billion “bailout” of AIG. Nevertheless, it is a diversion that serves an important purpose. It has taught an inattentive American public that the elites run the government in their own private interests.

Americans are angry that AIG executives are paying themselves millions of dollars in bonuses after having cost the taxpayers an exorbitant sum. Senator Charles Grassley put a proper face on the anger when he suggested that the AIG executives “follow the Japanese example and resign or go commit suicide.”

Yet, Obama’s White House economist, Larry Summers, on whose watch as Treasury Secretary in the Clinton administration financial deregulation got out of control, invoked the “sanctity of contracts” in defense of the AIG bonuses.

But the Obama administration does not regard other contracts as sacred. Specifically: labor unions had to agree to give-backs in order for the auto companies to obtain federal help; CNN reports that “Veterans Affairs Secretary Eric Shinseki confirmed Tuesday [March 10] that the Obama administration is considering a controversial plan to make veterans pay for treatment of service-related injuries with private insurance”; the Washington Post reports that the Obama team has set its sights on downsizing Social Security and Medicare.

According to the Post, Obama said that “it is impossible to separate the country’s financial ills from the long-term need to rein in health-care costs, stabilize Social Security and prevent the Medicare program from bankrupting the government.”

After Washington’s trillion dollar bank bailouts and trillion dollar gratuitous wars for the sake of the military industry’s profits and Israeli territorial expansion, there is no money for Social Security and Medicare.

The US government breaks its contracts with US citizens on a daily basis, but AIG’s bonus contracts are sacrosanct. The Social Security contract was broken when the government decided to tax 85% of the benefits. It was broken again when the Clinton administration rigged the inflation measure in order to beat retirees out of their cost-of-living adjustments. To have any real Medicare coverage, a person has to give up part of his Social Security check to pay Medicare Part B premium and then take out a private supplemental policy. The true cost of Medicare to beneficiaries is about $6,000 annually in premiums, plus deductibles and the Medicare tax if the person is still earning.

Treasury Secretary Geithner, the fox in charge of the hen house, has resolved the problem for us. He is going to withhold $165 million (the amount of the AIG bonuses) from the next taxpayer payment to AIG of $30,000 million. If someone handed you $30,000 dollars, would you mind if they held back $165?

Read morePaul Craig Roberts: Was the Bailout Itself a Scam?

Bush’s Dirty Little Medicare Secret

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We already know about the lies orchestrated by the White House to justify the invasion of Iraq . But there is a bigger secret that has not yet hit the mainstream media. And it probably never will until it’s too late. Those of you who read my book already know about it because I discuss it at length. For those of you who haven’t had a chance to read America’s Financial Apocalypse , I’m going to expose this secret now.

Read moreBush’s Dirty Little Medicare Secret

Who should MDs let die in a pandemic? Report offers answers

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Doctors know some patients needing lifesaving care won’t get it in a flu pandemic or other disaster. The gut-wrenching dilemma will be deciding who to let die.

Now, an influential group of physicians has drafted a grimly specific list of recommendations for which patients wouldn’t be treated. They include the very elderly, seriously hurt trauma victims, severely burned patients and those with severe dementia.

The suggested list was compiled by a task force whose members come from prestigious universities, medical groups, the military and government agencies. They include the Department of Homeland Security, the Centers for Disease Control and Prevention and the Department of Health and Human Services.

The proposed guidelines are designed to be a blueprint for hospitals “so that everybody will be thinking in the same way” when pandemic flu or another widespread health care disaster hits, said Dr. Asha Devereaux. She is a critical care specialist in San Diego and lead writer of the task force report.

The idea is to try to make sure that scarce resources – including ventilators, medicine and doctors and nurses – are used in a uniform, objective way, task force members said.

Their recommendations appear in a report appearing Monday in the May edition of Chest, the medical journal of the American College of Chest Physicians.

“If a mass casualty critical care event were to occur tomorrow, many people with clinical conditions that are survivable under usual health care system conditions may have to forgo life-sustaining interventions owing to deficiencies in supply or staffing,” the report states.

To prepare, hospitals should designate a triage team with the Godlike task of deciding who will and who won’t get lifesaving care, the task force wrote. Those out of luck are the people at high risk of death and a slim chance of long-term survival. But the recommendations get much more specific, and include:

– People older than 85.

– Those with severe trauma, which could include critical injuries from car crashes and shootings.

– Severely burned patients older than 60.

– Those with severe mental impairment, which could include advanced Alzheimer’s disease.

– Those with a severe chronic disease, such as advanced heart failure, lung disease or poorly controlled diabetes.

Dr. Kevin Yeskey, director of the preparedness and emergency operations office at the Department of Health and Human Services, was on the task force. He said the report would be among many the agency reviews as part of preparedness efforts.

Read moreWho should MDs let die in a pandemic? Report offers answers

Top Iraq contractor skirts US taxes offshore

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kbr1

CAYMAN ISLANDS – Kellogg Brown & Root, the nation’s top Iraq war contractor and until last year a subsidiary of Halliburton Corp., has avoided paying hundreds of millions of dollars in federal Medicare and Social Security taxes by hiring workers through shell companies based in this tropical tax haven.More than 21,000 people working for KBR in Iraq – including about 10,500 Americans – are listed as employees of two companies that exist in a computer file on the fourth floor of a building on a palm-studded boulevard here in the Caribbean. Neither company has an office or phone number in the Cayman Islands.

The Defense Department has known since at least 2004 that KBR was avoiding taxes by declaring its American workers as employees of Cayman Islands shell companies, and officials said the move allowed KBR to perform the work more cheaply, saving Defense dollars.

Read moreTop Iraq contractor skirts US taxes offshore