Peter Blane

CBO on Health Care

Posted in Finances,government by wusspett on September 25, 2009

As any of you reading this probably know, I am against the current form of health care legislation (H.R. 3200).  I feel that I have expressed myself enough on the “health care issues”, so you’re going to get some links.  Your assignment, should you choose to become smart, is to go read these articles and decide if the current form of H.R. 3200 is a good idea.   I laughed when I read the CBO’s release concerning this bill.

CBO and the staff of the Joint Committee on Taxation (JCT) worked together to produce a preliminary analysis of H.R. 3200, the America’s Affordable Health Choices Act of 2009, as introduced by the House Tri-Committee Group on July 14. These latest figures released on July 17 do not represent a complete cost estimate for the legislation. In particular, the estimated impact of the provisions related to health insurance coverage is based on specifications provided by the committee staff, rather than on a detailed analysis of the legislative language. In addition, the figures do not include certain costs that the government would incur to administer the proposed changes and the impact of the bill’s provisions on other federal programs, and they do not reflect any modifications or amendments made after the bill was introduced. Nevertheless, this analysis reflects the major net budgetary effects of H.R. 3200 and builds upon CBO’s July 14 preliminary analysis of the major provisions related to health insurance coverage that are contained in the bill.

*mockingly* HAHAHAHA!  OK, here’s some more info:

Basically, this bill is getting shot down. OK, can we think this through now? geeeeeees!

Everything Is Alive, Everything Is Breathing Nothing Is Dead and Nothing Is Bleeding

Posted in Finances by wusspett on September 23, 2009

A great title to a from a band I’m tired of.  They were proving a point about their own music scene, and making light of it.

I’m sure a lot of people are tired of hearing the same things coming out of the mouth of the media. They throw out phrases like “economic recovery“, “regulation reform“, and “record breaking“.  It’s irksome to sift through all those hype words to try to decide the level of concern one should have.

Well, I’ll tell you the level of concern I have.  On a scale of 1 – 10 (10 = moving to a deserted island, 1 = fat, dumb, and happy), I’m at about a 7; which is more along the lines of investing outside the U.S. currency and avoiding taxes as much as possible.  How about some bullet points?

So, I’m concerned about what our government is doing without our approval, and how public (government) and private (individual) debt is crippling our economy. I’m concerned that the Alt-a and Option ARM mortgages will cause a larger and more catastrophic financial downturn, and that Ben Bernanke will turn to debt (stimulus) once again.

There are good things on the horizon, but none that are fact at this point – and I don’t want to be overly optimistic like the rest of the media.  Now, think about what these policies being introduced by our legislators will cost.  We have spent ourselves dizzy, and we desperately need to stop.  Not only stop, but eliminate what past administrations created.


Posted in Consumer Confidence,Finances by wusspett on September 11, 2009

I was going to call the title, “another one bites the dust”, but I think the band deserves more credit!

Anyway, I was thinking about the current mortgage situation because a good friend of mine is in the process of closing on a house with his fiance.  There is a lot of positive news out there: Ben Bernanke, bottoming housing market, low interest rates, etc. It is all trying to raise the consumer confidence to try and get people spending again.  This is due to the beliefs held by Timothy Geithner and Larry Summers (just read the last paragraph of that link if you want the gist) that the main purpose of the average U.S. Citizen is to take on debt.

Taking that into consideration, it appears that the average U.S. Citizen is not being fooled.  We have a positive savings rate, negative consumer confidence, and new spending habits that are scaring retailers.  Although, a lot of the decrease probably has to do with the fact that unemployment is sky high along with the amount of people who can’t pay their mortgage.

I shouldn’t write much more because it’s going to take forever to go through all those links and watch that video about mosquitoes.  I think you see my point though: we’re still in trouble, and it has only just begun.

The absent-minded U.S. Treasury Secretary

Posted in Finances by wusspett on August 26, 2009
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Ugh, are you serious?! If  you don’t already know who Timothy Geithner or Lawrence Summers are, you should.  They control(ed) the U.S. Treasury = controls the money supply.

Anyway, I have recently been searching Timothy Geithner’s location.  He seems to have all but vanished since earlier this year.  He goes from being in the headlines every day to making speeches at elementary schools in ity-bitty towns – like Berea, Ohio.  Maybe he’s in trouble with someone in washington, dc and they said, “no more TV appearances for you, mister!” – Got off on a rabbit trail…sorry

The article I read – written by Geithner and Summers by the way – is silly.  Granted they did follow the correct method for writing a paper in college, IT COULD HAVE BEEN WRITTEN BY SOMEONE IN COLLEGE.  They outline 5 major points they think are problems, and point out that “the administration” will fix these problems – not actually them (being Geithner and Summers).  While these are great opinions, not badly written either, they charge themselves with nothing except coming up with who should be in charge of making sure companies don’t get so big that they are too “big to fail”.  So, basically, they established that “the administration” will fix stuff and that they (Timmy and Larry) will find someone to put in charge to blame if this happens again.

They did say something beyond the ordinary though.  They said, and I quote, “the administration’s reforms will allow the financial system to play its most important function: transforming the earnings and savings of workers into the loans that help families buy homes and cars, help parents send kids to college, and help entrepreneurs build their businesses.”  You ever wonder what our country was run on?  Debt. They just said it.   Our system’s most important function is to give people debt.  Really?  Also, the context of “workers” reminds me of worker bees.  We, the citizens of the U.S. are not drones.  We are not surfs or paupers under a tyrannic ruler.  Should, perhaps, this read “…transforming the earnings and savings THAT WE EARN into the loans…”?  Don’t undermine me you pompous jerks.