14 Pieces Of Really Bad News For The U.S. Economy

Federal Reserve Governor Kevin Warsh told an audience on Friday that the U.S. economy is in the midst of a cyclical recovery and that there are “encouraging” signs of improvement in financial markets.  Many other governmental and media talking heads have uttered similar pronouncements about a “recovery” which will put the U.S. economy back on track.  But are we really experiencing a recovery?  If so, then why are foreclosures still hitting record levels?  Why is unemployment so high?  Why are so many cities and states on the verge of bankruptcy?  Why are so many average Americans hurting so much?  The truth is that what we are experiencing now is a period of stabilization before the “second dip” of the double-dip recession so many economists have been talking about hits.  What the U.S. economy is actually in the midst of is a complete and total structural failure.  The American Dream is going to permanently die for millions of American families.  Millions more are going to lose their jobs and millions more are going to lose their homes.  This is what we get for piling up the biggest mountain of debt in the history of the world and outsourcing much of our manufacturing and industry to places like China and India.  Now we are an aging, bloated dinosaur trying to survive on a service economy and the biggest debt bubble of all time. (Read More...)

The Health Care Bill Is Great For American Taxpayers – If You Like Being Punched In The Groin

Thanks to the health care “reform” bill passed by Congress and signed into law by Barack Obama, American taxpayers are about to be hit with the largest tax increase in the history of the United States.  According to an analysis by the Congressional Joint Committee on Taxation the health care bill will generate $409.2 billion in additional taxes by 2019.  But there are also heavy fines for those who refuse to buy the health insurance mandated by the bill.  According to the Congressional Budget Office, the health care bill imposes approximately $69 billion in penalties for individuals and businesses who don’t meet mandates to purchase health insurance.  This will be the first time in the history of the United States that the federal government has ordered Americans citizens to buy a good or service.  But it is not just a small amount of money that the U.S. government is requiring all of us to spend.  In fact, the federal government will be mandating that ordinary Americans pay almost as much to private insurance companies as they do in federal taxes.  (Read More...)

Will The Coming 21% Cut In Medicare Payments Force Doctors To Boycott Medicare Patients?

Will the 21 percent cut in Medicare payments coming this month force many doctors to boycott Medicare patients in order to survive? That is a question that thousands of American doctors are pondering as the U.S. Congress deliberates whether or not to allow a 21 percent cut in Medicare payments to go into effect. In fact, the cuts were already supposed to go into effect, but the Centers for Medicare & Medicaid Services has put a hold for 10 business days on physician Medicare claims, thus giving the U.S. Congress a little bit more time to act. It is thought the the U.S. Congress simply cannot allow these cuts to go into effect, but so far they have not acted. (Read More...)

A Mistake Of Historic Proportions – 11 Reasons Why America Should Have Elected Ron Paul Instead Of Barack Obama

It is more than one year since the American people selected Barack Obama as their leader, and with each passing day it is becoming increasingly clear why the American people should have elected Ron Paul instead.  The U.S. economy continues to collapse, the U.S. government is running up a record budget deficit, our borders are wide open, hatred for the United States is at an all-time high around the world and our individual liberties continue to be eroded as never before.  The American people are becoming increasingly frustrated by the socialist big-government solutions that the Obama administration and the Democrats are coming up with.  But the truth is that both the Republicans and the Democrats have been advocating bigger government, more spending, more debt and more globalism for years, and now we find ourselves on the edge of complete disaster. (Read More...)