Trump starts making changes to Obamacare

The Trump administration is taking its first steps to overhaul Obamacare.

It issued a proposed rule Wednesday aimed mainly at quelling insurers’ concerns and stabilizing the marketplace for 2018. But it is also likely to raise deductibles and out-of-pocket costs for many consumers.

While President Trump wants Congress to repeal the Affordable Care Act as quickly as possible, his hands are tied by two important factors: He has promised to have an orderly transition out of Obamacare, so people don’t lose their coverage, and he must defer to Congress to actually change the law.

(Read the rest of the story here…)

Major Blow to Obamacare Mandate: IRS Won’t Reject Tax Returns That Don’t Answer Health Insurance Question

Following President Donald Trump’s executive order instructing agencies to provide relief from the health law, the Internal Revenue Service appears to be taking a more lax approach to the coverage requirement.

The health law’s individual mandate requires everyone to either maintain qualifying health coverage or pay a tax penalty, known as a “shared responsibility payment.” The IRS was set to require filers to indicate whether they had maintained coverage in 2016 or paid the penalty by filling out line 61 on their form 1040s. Alternatively, they could claim exemption from the mandate by filing a form 8965.

(Read the rest of the story here…)

Rift in GOP threatens ObamaCare repeal

House Republicans are facing a major split on ObamaCare repeal that threatens to stall the effort.

Members of the conservative House Freedom Caucus late Monday vowed to oppose any ObamaCare repeal bill that doesn’t go as far as what Congress passed in 2015.

But the bill being pushed by the Freedom Caucus would repeal ­­ObamaCare’s expansion of Medicaid, an option that centrist Republicans are wary of supporting, particularly in the Senate.

(Read the rest of the story here…)

Republicans In Congress Rebrand Obamacare Strategy From ‘Repeal’ to ‘Repair’

Some Republicans in Congress are starting to talk more about trying to “repair” Obamacare, rather than simply calling for “repeal and replace.”

There’s good reason for that.

The repair language was discussed by Republicans during their closed-door policy retreat in Philadelphia last week as a better way to brand their strategy. Some of that discussion flowed from views that Republicans may not be headed toward a total replacement, said one conservative House lawmaker who didn’t want to be identified.

(Read the rest of the story here…)

So Does This Mean No Obamacare Penalties Anymore or What?

(By Melissa Dykes of the Daily Sheeple) One of the biggest unanswered questions left in the wake of President Trump’s wave of executive orders is whether or not we’re going to be raped on massive Obamacare fees once again this year.

Trump signed a sweeping order that Washington Times reports appears to target the so-called “Affordable” Care Act’s mandate — the one that says if you refuse to get health insurance you may not need and probably can’t afford anyway (especially now and thanks to Obamacare), you have to pay a hefty fine now equivalent to $695 or 2.5 percent of qualified income for 2016 (whichever is higher).

Despite the insane fee which the Supreme Court declared to be a tax, way more people refused to buy health insurance than got on board with Obamacare, with the IRS reporting that in 2015, some 12.2 million Americans claimed an exemption and another 6.1 million paid the Obamacare tax. That’s at least 18 million people who cannot afford “affordable” Obamacare.

It’s been widely reported that Trump’s executive order implies exemptions might be coming for everyone. Via WT:

Probably the biggest step implied by this order would be granting widespread hardship exemptions from the individual mandate penalty, which could create chaos in the individual insurance market,” said Larry Levitt, a senior vice president at the nonpartisan Kaiser Family Foundation.

Oh yeah? Screw chaos in the insurance market! As if having the government force families across the nation to pay 2.5 percent of their income for something most of them can’t afford anyway doesn’t wreak yearly havoc on everyone as it is!

White House adviser Kellyanne Conway also told ABC’s “This Week” on Sunday that Trump, “wants to get rid of that Obamacare penalty almost immediately, because that is something that is really strangling a lot of Americans to have to pay a penalty for not buying [insurance].”

Exactly!

So? What is it? Are they going to continue to financially rape millions of Americans with this law or what?

Someone needs to clarify.

Behind closed doors, Republican lawmakers freak out about how to repeal Obamacare

Republican lawmakers aired sharp concerns about their party’s quick push to repeal the Affordable Care Act inside a closed-door meeting Thursday, according to a recording of the session obtained by The Washington Post.

The recording reveals a GOP that appears to be filled with doubts about how to make good on a long-standing promise to get rid of Obamacare without explicit guidance from President Trump or his administration.

(Read the rest of the story here…)

Trump gets rid of the stupidest part of Obamacare

Every government program makes promises that are a stretch. But few policy promises stretched the levels of credulity more than Obamacare did with the idea that America’s younger and healthier citizens would suddenly step up and buy expensive health insurance plans.

And now, President Trump has basically signed the death warrant for the stretch of a policy known as the “individual mandate.” He did that by signing an Executive Order on Friday that instructs the Health and Human Services Department to do all it can to “grant exceptions from” or “delay” the enforcement of the mandate. This is basically telling the bureaucracy to let it die from neglect.

(Read the rest of the story here…)

Rand Paul just introduced his Obamacare Replacement Act

The bill, named the Obamacare Replacement Act, would eliminate several provisions of the ACA, including the individual mandate and minimums on coverage standards. The bill’s fact sheet doesn’t mention any provision to allow parents to keep a child on their insurance until they turn 26.

Interestingly, Paul’s plan would provide a two-year window for people with preexisting conditions to sign up for care. It would then revert to pre-ACA rules in which people with preexisting conditions could still get coverage in the group market. It’s unclear what would happen to people with preexisting conditions in the individual market after the two-year open-enrollment period.

(Read the rest of the story here…)

The End Of The Obama World Order

Barack Obama Looking Into A Mirror - Public Domain

For the past eight years, Barack Obama has been using the power of the U.S. presidency to impose his vision of a progressive world order on the entire globe. As a result, much of the planet will greatly celebrate once the Obama era officially ends on Friday. The Obama years brought us the Arab Spring, Benghazi, ISIS, civil war in Syria, civil war in Ukraine and the Iran nuclear deal. On the home front, we have had to deal with Obamacare, “Fast and Furious”, IRS targeting of conservative groups, Solyndra, the VA scandal, NSA spying and the worst “economic recovery” since the end of World War II. And right at the end of his presidency, Barack Obama has committed the greatest betrayal of Israel in U.S. history and has brought us dangerously close to war with Russia.

So is the end of the Obama world order worth celebrating?

You better believe it is.

Of course Obama and his minions are in a great deal of distress that much of their hard work over the past eight years is about to be undone by Donald Trump. On Wednesday, Vice President Joe Biden warned the elitists gathered at the World Economic Forum in Davos that their “liberal world order” is in danger of collapsing

Vice President Joe Biden delivered an epic final speech Wednesday to the elites at the World Economic Forum in Davos, Switzerland.

The gist of his speech was simple: At a time of “uncertainty” we must double down on the values that made Western democracies great, and not allow the “liberal world order” to be torn apart by destructive forces.

And without a doubt, we definitely want it to collapse.

During his time in the White House, Barack Obama has used the full diplomatic power of the government to promote “abortion rights”, “gay rights” and other “liberal values” to the farthest corners of the globe. Here at home, the appointment of two new Supreme Court justices under Obama paved the way for the Supreme Court decision that forced all 50 states to recognize gay marriage. During his final press conference on Wednesday, Barack Obama told the media that he was particularly proud of this

Obama said he’s particularly proud of the “transformation” on gay rights during his presidency, which saw monumental Supreme Court decisions on gays in the military and same-sex marriage. Obama said his role was mostly to deliver “a good block downfield to help the movement advance.”

He said gay and lesbian activists deserve most of the credit, and singled out talk-show host Ellen DeGeneres, to whom he awarded the Presidential Medal of Freedom last year.

And the final press conference of his presidency also afforded Obama the opportunity to talk about UN Security Council Resolution 2334. Sadly, Obama still does not have any regrets for betraying Israel so dramatically…

“It was important for us to send a signal, a wake-up call, that this moment may be passing, and Israeli voters and Palestinians need to understand that this moment may be passing,” he said.

As far as many of us are concerned, January 20th cannot get here soon enough.

Somehow we have survived as a nation for the last eight years, but without a doubt a massive amount of damage has been done.

Many are hoping that Donald Trump will be able to start repairing that damage and will work hard to set this nation on a positive course once again.

It still doesn’t seem quite real to me that Donald Trump will soon be residing in the White House. Perhaps after I watch him being inaugurated on Friday I will feel differently. And I certainly am not expecting any miracles under Trump, but it sure will be nice to have a new face in the Oval Office.

Right at this moment, moving trucks are in the front of the White House and those that worked for Obama are packing up and leaving. This is a somber moment for them, but a joyous one for tens of millions of patriotic Americans. Many of us have been waiting for this for eight long years, and by Friday morning the current White House staff will all be gone

In between closing out final projects and typing up reports on the work they’ve done, White House staffers are packing away their knickknacks, coffeemakers and photos. The boxes stack up in offices already vacated by staffers who have departed over the past few weeks.

By Thursday night, all must be gone to make way for Trump’s team.

Before they leave the building for the final time, they’ll go through a checklist that completes their formal separation from the White House: cell phones handed in, computers locked and papers properly filed to be archived. The last step, aides said, is the hardest: handing in the badge that provides access to the complex day or night.

But just because the left lost the election does not mean that they are ready to roll over and give up.

On the contrary, emotions are running extremely high on the left, and many of them are preparing to make the inauguration of Donald Trump as chaotic as possible.

For instance, on Tuesday night a man actually set himself on fire in front of the Trump International Hotel in Washington…

A protester set himself on fire outside Trump International Hotel in Washington DC on Tuesday.

The 45-year-old man, who has not yet been identified, said the act was in protest of the President-elect’s looming inauguration.

Witnesses described how he yelled ‘Trump’ several times as ‘flames ran up his back’ before lying down in the street.

And it is being reported that radical leftists plan to blockade major roads and metro lines throughout the D.C. region on Friday in an attempt to prevent people from getting to the inauguration of Trump.

So let us rejoice that the Obama world order is ending, but let us also understand that the battle is not over.

In fact, the truth is that the war for America is just beginning.

The election of Donald Trump has energized the left like never before, and they are going to hit his administration with everything that they have got.

Donald Trump is going to need our support, our voices and our prayers if he is going to have any chance to succeed.

And all Americans should want him to succeed, because our nation is at a crossroads, and if we go off on the wrong path we may never find our way back.

About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog and The Most Important News. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.

Republican-Led Senate Takes First Step to Repeal ‘Obamacare’

Obamacare Line

The Senate early Thursday passed a measure to take the first step forward on dismantling President Barack Obama’s health care law, responding to pressure to move quickly even as Republicans and President-elect Trump grapple with what to replace it with.

The nearly party-line 51-48 vote came on a nonbinding Republican-backed budget measure that eases the way for action on subsequent repeal legislation as soon as next month.

(Read the rest of the story here…)

Huge Obamacare premium hikes called ‘one-time’ fix

obamacare-us-economy

Obamacare is not in a death spiral. In fact, insurers’ prospects in the individual market are looking brighter, according to a new S&P Global Ratings analysis.

Insurers have started closing the kind of eye-popping losses that prompted them to hike premiums for the Obamacare benchmark plans an average of 25% for 2017. S&P expects rate requests for 2018 will be “well below” that level.

“We view 2017 as a one-time pricing correction,” the report found.

(Read the rest of the story here…)

A Guide To Moving To Canada For Democrats

canada-public-domain

(By Dennis Evers) If you were one of the registered living or deceased voting Democrats that made a pledge that if Trump wins, you would be heading north of the border to escape the horrendous possibility of fewer taxes, less government intervention and fewer handouts, this guide’s for you.

A few tips before you head north. First if you do keep your promise, bundle up; 22 below zero isn’t uncommon in some cities, but the frostbite scars and missing appendages will make you a living testament to your integrity and show all of those people in the lower 57 states you are a person of conviction. Summer isn’t that hot, although highs of 113 degrees have been recorded, but the intense humidity helps you sweat and keeps you more comfortable. Also, watch out for the state bird: it is actually a mosquito.

Once you have crossed the highly secure border if your paperwork is in order, great things await you. If you are polygamous, each one of your wives can get welfare, too.

Because there is “Gun Control” you can rest easy, as government statistics show that roughly a third of murders are firearm related. On the down side, one of those thirds are stabbings, so you might get carved up like a Thanksgiving turkey, but that’s a small price to pay for not having dangerous guns around for self defense. If you do find yourself with a steak knife sticking out of your torso, “free” healthcare will be something you can look forward to. If you have a job, you know just how large of a chunk of your paycheck is taken to provide this free service, but hey, depending upon what hospital you visit, they may get around to removing your steak knife in a week or two. However if complications arise, the government “death benefit” will pay you a lump sum of $2,295.85 to be planted, if you can find a really good deal on a casket. Unfortunately, you have to contribute for ten years before you are eligible.

Housing: no problem. Assuming you were totally committed to honoring your promise, you went ahead and sold your Prius (after removing the Hillary bumper stickers) or if you’re a “big Hollywood star,” your eco-friendly Hummer and your other worldly possessions, and are heading north. Keep in mind that the average price of a house in Vancouver runs $1,513,800.00, but if that’s out of your price range, you can pick up a deal in Toronto for around $450.000.00. If you want to save big and rent, and test the whole “Canadian” thing, rent is around $1,368.00 for a two-bedroom apartment in Vancouver, and in Toronto it costs around $1,288.00

Here’s something you’re sure to like, progressive laws forbid defaming homosexuals and other “special” people, so you could end up in jail for having a non-government approved joke or opinion. However, as a dyed-in-the-wool lib, you should be right at home with the restrictions on speech and thought. Just like here, you’re entitled to your own opinion, as long as its government approved.

Good news for animal lovers. If you cherish kitty cats and cuddly puppy dogs, but feel that slaughtering the most helpless creatures on earth is OK, Canada has more laws protecting animals than it has for innocent baby Canadian humans.

By now you’re wondering about food, and if you can maintain your bourgeoisie, capitalistic, semi-vegan diet of humus, cheese, yogurt, wine and other delights, the answer is a resounding “YES”! There is just one little problem: a gallon of good ol USA milk runs about $3.00 (just bought a gallon at wally world for $2.00) while it is upward of $7.00 in the great white north. You can still enjoy eating out, but expect to pay higher prices as the competition in the capitalist US keeps the prices down here much lower. If you prefer to eat healthier, it’s only about $1.50 more a day, which works out to only about $550.00 a year per person.

While gas in the states is around $2.25 per gallon, it’s only $1.19 per liter. Wait, my bad, there are 3.78 liters in a gallon so gas is around $4.50 per gallon. You’ll probably wish you hadn’t sold your Prius before heading north.

If you are serious about leaving, you might consider a crowdfunding effort to help offset your expenses as almost everything in Canada is more costly, and there are a lot of us “deplorables” (more of us than you, actually) that would love to assist you in your transition.

It’s a win-win and you really can’t put a price on conviction, eh.

Dennis Evers is a former small town police chief and best selling author. He can be reached at: prepperpro@gmail.com

10 Things That Every American Should Know About Donald Trump’s Plan To Save The U.S. Economy

donald-trump-speech-voa-public-domain

Can Donald Trump turn the U.S. economy around? This week Trump unveiled details of his new economic plan, and the mainstream media is having a field day criticizing it. But the truth is that we simply cannot afford to stay on the same path that Barack Obama, Hillary Clinton and the Democrats have us on right now. Millions of jobs are being shipped out of the country, the middle class is dying, poverty is exploding, millions of children in America don’t have enough food, and our reckless spending has created the biggest debt bubble in the history of the planet. Something must be done or else we will continue to steamroll toward economic oblivion. So is Donald Trump the man for the hour?

If you would like to read his full economic plan, you can find it on his official campaign website. His plan starts off by pointing out that this has been the weakest “economic recovery” since the Great Depression…

Last week’s GDP report showed that the economy grew a mere 1.2% in the second quarter and 1.2% over the last year. It’s the weakest recovery since the Great Depression – the predictable consequence of massive taxation, regulation, one-side trade deals and onerous energy restrictions.

And Trump is exactly right about how weak this economic recovery has been.

So how would he fix things?

The following are 10 things that every American should know about Donald Trump’s plan to save the U.S. economy…

#1 Donald Trump would lower taxes on the middle class

The tax savings under Trump’s plan would actually be quite substantial for middle class families. The following numbers come from a recent Charisma article

• A married couple earning $50,000 per year with two children and $8,000 in child care expenses will save 35% from their current tax bill.

• A married couple earning $75,000 per year with two children and $10,000 in child care expenses will receive a 30% reduction in their tax bill.

• Married couple earning $5 million per year with two children and $12,000 in child care expenses will get only a 3% reduction in their tax bill.

#2 Donald Trump would lower taxes on businesses

Under his plan, no business in America would be taxed more than 15 percent. Alternatively, Hillary Clinton’s plan would tax some small businesses at a rate of close to 50 percent. So Trump’s plan would undoubtedly be good for businesses, and it would encourage many that have left the country to return.

But where would the lost tax revenue be made up?

#3 Childcare expenses would be exempt from taxation

For working families with children this would be a great blessing. Without a doubt this is an effort to win over more working women, and this is a demographic that Trump has been struggling with.

It is definitely an idea that I support, but once again where will the money come from to pay for this?

#4 U.S. manufacturers will be allowed to immediately fully expense new plants and equipment

This would undoubtedly lead to a boom in capital investment, but it would also reduce tax revenue. As an emergency measure this would be very good for encouraging manufacturers to stay in America, but it would also likely increase the budget deficit.

#5 A temporary freeze on new regulations

Red tape is one of my big pet peeves, and so I greatly applaud Trump for this proposal. I think that Bob Eschliman put it very well when he wrote the following about Trump’s planned freeze on new regulations…

In 2015 alone, federal agencies issued over 3,300 final rules and regulations, up from 2,400 the prior year. Studies show that small manufacturers face more than three times the burden of the average U.S. business, and the hidden tax from ineffective regulations amounts to “nearly $15,000 per U.S. household” annually. Excessive regulation is costing our country as much as $2 trillion dollars per year, and Trump will end it.

#6 All existing regulations would be reviewed and unnecessary regulations would be eliminated

In particular, Trump’s plan would focus on getting rid of regulations that inhibit hiring. The following are some of the specific areas that he identifies on his official campaign website

  • The Environmental Protection Agency’s Clean Power Plan, which forces investment in renewable energy at the expense of coal and natural gas, raising electricity rates;
  • The EPA’s Waters of the United States rule, which gives the EPA the ability to regulate the smallest streams on private land, limiting land use; and
  • The Department of Interior’s moratorium on coal mining permits, which put tens of thousands of coal miners out of work.

#7 Donald Trump would fundamentally alter our trade relationships with the rest of the globe

Donald Trump is the first major party nominee in decades to recognize that our trade deficit is absolutely killing our economy. I write about this all the time, and it is a hot button issue for me. So I definitely applaud Trump for proposing the following

  • Appoint trade negotiators whose goal will be to win for America: narrowing our trade deficit, increasing domestic production, and getting a fair deal for our workers.
  • Renegotiate NAFTA.
  • Withdraw from the TPP.
  • Bring trade relief cases to the world trade organization.
  • Label China a currency manipulator.
  • Apply tariffs and duties to countries that cheat.
  • Direct the Commerce Department to use all legal tools to respond to trade violations.

#8 Donald Trump’s plan would be a tremendous boost for the U.S. energy industry

Barack Obama promised to kill the coal industry, and that is one of the few promises that he has actually kept. Obama also killed the Keystone Pipeline, and right now the energy industry as a whole is enduring their worst stretch since the last recession. To turn things around, Trump would do the following

  • Rescind all the job-destroying Obama executive actions including the Climate Action Plan and the Waters of the U.S. rule.
  • Save the coal industry and other industries threatened by Hillary Clinton’s extremist agenda.
  • Ask Trans Canada to renew its permit application for the Keystone Pipeline.
  • Make land in the Outer Continental Shelf available to produce oil and natural gas.
  • Cancel the Paris Climate Agreement (limit global warming to 2 degrees Celsius) and stop all payments of U.S. tax dollars to U.N. global warming programs.

#9 Trump would repeal Obamacare

Trump claims that Obamacare would cost our economy two million jobs over the next ten years. And without a doubt, it has already cost the U.S. economy a lot of jobs.

Not only that, but Obamacare has also sent health insurance premiums soaring, and this is putting a tremendous amount of financial pressure on many families.

Trump says that he would “replace” Obamacare, but that is a rather vague statement.

What exactly would he replace it with?

#10 Trump’s plan says nothing about the Federal Reserve

This is a great concern, because the Federal Reserve has far more power over the economy than anyone else does. It is at the very heart of our debt-based system, and unless something is done about the Fed our debt bubble will continue to get even larger.

Since the Federal Reserve was created in 1913, the value of the U.S. dollar has fallen by more than 96 percent and our national debt has gotten more than 5000 times larger. For Trump to not even mention the Federal Reserve in his economic plan is a tremendous oversight.

We are in the midst of a long-term economic decline, and things have not gotten better during the Obama years. If you can believe it, a study that was just released by Harvard even acknowledges this

America’s economic performance peaked in the late 1990s, and erosion in crucial economic indicators such as the rate of economic growth, productivity growth, job growth, and investment began well before the Great Recession.

Workforce participation, the proportion of Americans in the productive workforce, peaked in 1997. With fewer working-age men and women in the workforce, per-capita income for the U.S. is reduced.

Median real household income has declined since 1999, with incomes stagnating across virtually all income levels. Despite a welcome jump in 2015, median household income remains below the peak attained in 1999, 17 years ago. Moreover, stagnating income and limited job prospects have disproportionately affected lower-income and lower-skilled Americans, leading inequality to rise.

That same study found that the percentage of Americans participating in the labor force peaked back in 1997 and has been steadily declining since that time…

declining-labor-force-participation-rate-harvard

If we continue to do the same things, we will continue to get the same results.

Donald Trump is promising change, and many of his proposals sound good, but there are also some areas to be concerned about.

Ultimately, just tinkering with the tax code and reducing regulations is not going to be enough to turn the U.S. economy around. We need a fundamental overhaul of our economic and financial systems, and Trump’s plan stops well short of that. But without a doubt what he is proposing is vastly superior to Hillary Clinton’s plan, and so he should definitely be applauded for at least moving in the right direction.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog and End Of The American Dream. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*

Working 60 Hours A Week At 3 Part-Time Jobs And Still Living Paycheck To Paycheck

Woman Face Skyline - Public Domain

What can you do when you are working 60 hours a week at three part-time jobs and it is still not enough? In America today, many people have taken on more than one job in a desperate attempt to make ends meet, but they still come up short at the end of the month. And those that are actually working are the fortunate ones, because in one out of every five families in the United States nobody has a job. There are more than 100 million working age Americans that are currently not employed (yes this is true), and as I pointed out yesterday, job cut announcements by major firms are currently running 24 percent ahead of last year’s pace. But unemployment is just part of the overall problem. There is this growing misconception out there that if you “have a job” that you must be doing okay. Unfortunately for the growing number of “working poor” in America, that is not true at all.

Just consider the case of 55-year-old Erlinda Delacruz. At one time she had a good full-time manufacturing job, but then her factory closed down. Millions of other Americans have also seen their good paying jobs sent out of the country in recent years, and yet our politicians refuse to do anything about it. Today, she works 60 hours a week at three different part-time jobs and she still makes less than she once did at the manufacturing plant…

For 15 years, Erlinda Delacruz had a full-time manufacturing job in rural Winters, Texas.

It gave her health benefits and four weeks of paid vacation along with a salary that supported a good life. Then the rug was pulled from under her in 2009, when the plant closed. Since then, it’s been a battle of survival as Delacruz worked a string of part-time jobs. Last summer, she even lost her home to foreclosure.

Delacruz, 55, still works part-time. Except at three different places — Monday through Wednesday she works eight hours a day at a senior citizens center serving meals, and Thursday through Sunday Delacruz divides her time between two other jobs as a cashier at Walmart (WMT) and the Wes-T-Go convenience store.

She told CNN that she lives paycheck to paycheck”, and just like half the country, she is basically flat broke at this point.

Barack Obama promised to be the hero of the working class when he was elected, but it seems like almost everything that he has done has hurt the working class even more.

Take Obamacare for example. Health insurance premiums have soared through the roof since Obamacare was implemented, and many struggling families now find that they can no longer afford health insurance at all.

And many of those that have signed up for Obamacare are often discovering that many doctors and hospitals won’t even accept their coverage. The following comes from the New York Times

AMY MOSES and her circle of self-employed small-business owners were supporters of President Obama and the Affordable Care Act. They bought policies on the newly created New York State exchange. But when they called doctors and hospitals in Manhattan to schedule appointments, they were dismayed to be turned away again and again with a common refrain: “We don’t take Obamacare,” the umbrella epithet for the hundreds of plans offered through the president’s signature health legislation.

“Anyone who is on these plans knows it’s a two-tiered system,” said Ms. Moses, describing the emotional sting of those words to a successful entrepreneur.

“Anytime one of us needs a doctor,” she continued, “we send out an alert: ‘Does anyone have anyone on an exchange plan that does mammography or colonoscopy? Who takes our insurance?’ It’s really a problem.”

Unfortunately, things are not going to be getting any better for the working class because we have now entered the early stages of the next major economic downturn.

Earlier today, I received an email from someone that works for a very large company that provides produce for some of the biggest grocery chains in America. According to him, there has been a dramatic decline in orders coming in recently, and this is something that didn’t even happen during the depths of the last major recession.

So why in the world would that be happening if the economy was in good shape?

I have been receiving similar anecdotal reports from people all over America. We may not be experiencing a full-blown economic implosion like Venezuela is quite yet, but we are starting to slide in that direction.

And just like in Venezuela and elsewhere around the globe, when economic conditions get harder violent crime goes up. I have warned that this would happen over and over again, and it is already starting to happen in major cities all over the nation

According to new reports, 2016 is shaping up to be an even more murderous year than last in over two dozen major U.S. cities as homicides rise at their fastest pace yet.

Chicago, Los Angeles, Dallas and Las Vegas have seen the worst, all of which experienced increased homicides in 2015, evidenced by acceleration of murders in the first three months of 2016.

Law enforcement officials and experts are saying the increase over the last year is due to many factors, including an uptick in gang and drug-related violence. Yet, many believe cops and citizens are now interacting differently since the rise of the Black Lives Matter movement has shifted attitudes to distrust police.

Of course we haven’t even gotten to the bad stuff yet.

What we have seen so far is just the very beginning of the chaos that is coming to America.

Before I go today, I want to mention a couple of things.

First of all, the Dow was down another 180 points today, and someone out there is betting unprecedented amounts of money that a major market crash is imminent. Just check out this chart. You buy shares of financial instruments such as UVXY because you think that the market is going to implode. So if there is a giant market crash in our very near future, whoever purchased all of those shares of UVXY stands to make an enormous amount of money.

Secondly, I really started to sound the alarm about German banking giant Deutsche Bank back in September. And sure enough – their stock price plunged to an all-time record low earlier this year.

But now the whispers are getting louder that even bigger trouble is ahead for this pillar of the European financial system. The following originally comes from Berenberg analyst James Chappell

Too many problems still: The biggest problem is that DBK has too much leverage. On our measures, we believe DBK is still over 40x levered. DBK can either reduce assets or increase capital to rectify this. On the first path, the markets do not exist in the size nor pricing to enable it to follow this route. Going down the second path also seems impossible at the moment, as the profitability of the core business is under pressure. Seeking outside capital is also likely to be difficult as management would likely find it hard to offer any type of return on new capital invested.

Keep a close eye on Deutsche Bank. They may very well end up providing us with the next “Lehman Brothers moment” that so many people have been waiting for.

There is so much going on “under the surface” right now, and I am convinced that it will not stay “under the surface” for very much longer.

The global financial system is starting to come apart at the seams even as you read this article, and this is going to have enormous implications for every man, woman and child on the planet in the years ahead.

So as bad as things are for the working class in America right now, the truth is that they are about to get a whole lot worse.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*

10 Shocking Parallels Between The United States And Nazi Germany

Prison Camp Flag - Public Domain

Most Americans may not like to hear this, but the truth is that modern day America very closely resembles Nazi Germany. If you initially recoiled when you read the headline to this article, that is understandable. After all, most of us were raised to deeply love this country. But I would ask you to consider the evidence that I have compiled before you pass judgment on the matter. Most citizens of this nation know that something has gone deeply wrong, and I would suggest that just like the Nazis, all of the pageantry and beauty in our society masks an evil which has grown to a level that is almost unspeakable. And just like the Germans, we don’t do ourselves any favors by turning a blind eye to what is going on. The following are 10 stunning parallels between the United States and Nazi Germany…

#1 Human Experimentation

The fact that the Nazis conducted scientific experiments on their prisoners has been heavily documented, but many Americans may not realize that we have been conducting similar experiments for decades. The following comes from author John Whitehead

In Alabama, for example, 600 black men with syphilis were allowed to suffer without proper medical treatment in order to study the natural progression of untreated syphilis. In California, older prisoners had testicles from livestock and from recently executed convicts implanted in them to test their virility. In Connecticut, mental patients were injected with hepatitis.

In Maryland, sleeping prisoners had a pandemic flu virus sprayed up their noses. In Georgia, two dozen “volunteering” prison inmates had gonorrhea bacteria pumped directly into their urinary tracts through the penis. In Michigan, male patients at an insane asylum were exposed to the flu after first being injected with an experimental flu vaccine. In Minnesota, 11 public service employee “volunteers” were injected with malaria, then starved for five days.

In New York, dying patients had cancer cells introduced into their systems. In Ohio, over 100 inmates were injected with live cancer cells. Also in New York, prisoners at a reformatory prison were also split into two groups to determine how a deadly stomach virus was spread: the first group was made to swallow an unfiltered stool suspension, while the second group merely breathed in germs sprayed into the air. And in Staten Island, children with mental retardation were given hepatitis orally and by injection to see if they could then be cured.

And while times may have changed, the truth is that we are still being experimented on against our will. Just check out what the New York Daily News says is happening in New York City this month…

Don’t hold your breath, it’s only a test.

The Department of Homeland Security will release “harmless particle materials” in the city’s subway system next week.

The “non-toxic, safe gas material” will be released at subway stations in Manhattan, Brooklyn, and Queens in order to understand where hazardous material would travel in the event of a biological terrorist attack.

In addition, let us not forget that we systematically create and perform experiments on unborn baby children

A shocking new report indicates scientists have found a way for human embryos to live outside the womb for 14 days, which is a record, so they can be experimented on for a longer period of time.

Leading pro-life advocates are outraged that scientists would specifically create unique human beings to purposefully experiment on and later destroy just for research. They are worried scientists will continue creating more unborn human people who will be subjected to research for a longer duration of their embryonic life.

What we are doing is so evil that it is hard to put into words, and yet most Americans have come to accept this kind of sick behavior as perfectly normal.

#2 Socialism

The Nazis were hardcore socialists, and they were very proud of this fact. For example, National Socialist theologian Gregor Strasser once made the following statement

We National Socialists are enemies, deadly enemies, of the present capitalist system with its exploitation of the economically weak … and we are resolved under all circumstances to destroy this system.

Unfortunately, the United States is rapidly moving in a similar direction. An avowed socialist, Bernie Sanders, is wildly popular with Democrats, and more than half of all U.S. adults under the age of 30 now say that they reject capitalism.

#3 Free Stuff

Just like Bernie Sanders wants to do, the Nazis gave out lots and lots of free stuff. Kitty Werthmann was a child living a peaceful life in Austria when Hitler took over her nation, and I will be quoting her extensively for the rest of this article. She says that once the Nazis took control in Austria, they started handing out lots of freebies

Newlyweds immediately received a $1,000 loan from the government to establish a household. We had big programs for families. All day care and education were free. High schools were taken over by the government and college tuition was subsidized. Everyone was entitled to free handouts, such as food stamps, clothing, and housing.

#4 Taxes

Free stuff may sound like a good idea, but someone has to pay for it. According to Kitty Werthmann, once the Nazis took control of Austria “our tax rates went up to 80% of our income“, and that absolutely choked the life out of the free market system.

Sadly, things are moving in the exact same direction in the United States. When the federal income tax was first implemented a little over a century ago, most Americans were taxed at a rate of just one percent. But today, we are being taxed into oblivion. I recently wrote an article in which I listed 97 different taxes that Americans pay each year, and when you add all of those taxes together some Americans end up paying out more than 50 percent of their incomes in taxes.

#5 Obamacare

Would it surprise you to learn that the Nazis had their own version of Obamacare? The following is some more eyewitness testimony from Kitty Werthmann

Before Hitler, we had very good medical care. Many American doctors trained at the University of Vienna. After Hitler, health care was socialized, free for everyone. Doctors were salaried by the government. The problem was, since it was free, the people were going to the doctors for everything. When the good doctor arrived at his office at 8 a.m., 40 people were already waiting and, at the same time, the hospitals were full. If you needed elective surgery, you had to wait a year or two for your turn. There was no money for research as it was poured into socialized medicine. Research at the medical schools literally stopped, so the best doctors left Austria and emigrated to other countries.

#6 Government Regulation

Just like the Obama administration, the Nazis wanted to tightly regulate virtually everything in the economy. Here is more from Kitty Werthmann

My brother-in-law owned a restaurant that had square tables. Government officials told him he had to replace them with round tables because people might bump themselves on the corners. Then they said he had to have additional bathroom facilities. It was just a small dairy business with a snack bar. He couldn’t meet all the demands. Soon, he went out of business.

If the government owned the large businesses and not many small ones existed, it could be in control.

We had consumer protection. We were told how to shop and what to buy. Free enterprise was essentially abolished. We had a planning agency specially designed for farmers. The agents would go to the farms, count the live-stock, then tell the farmers what to produce, and how to produce it.

#7 Gun Control

The Nazis believed in having a very strong military, but they were also obsessed with taking the guns away from the general population. According to Kitty Werthmann, the first step was gun registration, and once the government knew where all the guns were it was very easy to round all of them up…

Next came gun registration. People were getting injured by guns. Hitler said that the real way to catch criminals (we still had a few) was by matching serial numbers on guns. Most citizens were law abiding and dutifully marched to the police station to register their firearms. Not long after-wards, the police said that it was best for everyone to turn in their guns. The authorities already knew who had them, so it was futile not to comply voluntarily.

#8 Spying

The Nazi secret police, also known as the Gestapo, became world famous for their brutal tactics. The Nazis wanted to know everything about everybody, and anyone that was deemed to be “anti-government” was dealt with mercilessly.

Unfortunately, we are moving in the exact same direction in the United States today. We spy on our enemies, but we also spy on our friends. Control freaks working for the government are systematically watching us, tracking us, recording our phone calls and monitoring our emails. At this point, government snooping has become so pervasive that 64 percent of all reporters believe that the government is spying on them.

#9 Abortion

The Nazis brought legalized abortion to Germany, and they were especially interested in having “undesirable” elements of the population engage in this practice. It turns out that Adolf Hitler was actually a huge fan of the founder of Planned Parenthood, Margaret Sanger, and he adopted many of her philosophies. As I have written about previously, Sanger once made the following statement…

“The most merciful thing that a family does to one of its infant members is to kill it.”

Now compare that line from Sanger to this statement from Hitler in Mein Kampf…

“The demand that defective people be prevented from propagating equally defective offspring. . . represents the most humane act of mankind.”

Just like the Nazis, our disregard for human life is absolutely appalling. Even after the American people were shown clear undercover video evidence that revealed that Planned Parenthood is chopping up aborted babies and selling their body parts to the highest bidder, one survey found that only 29 percent of Americans wanted to cut off the hundreds of millions of dollars that Planned Parenthood is getting from the federal government every year.

To say that we have become an “evil nation” is a gigantic understatement.

#10 Pushing The Christian Faith Out Of Public Life

In this day and age, it has become “American” to remove every trace of the Christian faith from public life. We don’t want God in our government, in our schools, in our parks or in our businesses. Many people may not realize this, but the Nazis were the exact same way. The following information originally comes from Bruce Walker, the author of “The Swastika Against the Cross: The Nazi War on Christianity“…

The Nazi tract Gott und Volk was distributed in 1941, and it describes the life cycle of German youth in the future, who would: “With parties and gifts the youth will be led painlessly from one faith to the other and will grow up without ever having heard of the Sermon on the Mount or the Golden Rule, to say nothing of the Ten Commandments… The education of the youth is to be confined primarily by the teacher, the officer, and the leaders of the party. The priests will die out. They have estranged the youth from the Volk. Into their places will step the leaders. Not deputies of God. But anyway the best Germans. And how shall we train our children? Thus, as though they had never heard of Christianity!

And just like Nazi Germany, our end will be exceedingly terrible.

You see, the truth is that all evil regimes eventually fall, and America is headed for a day of reckoning.

Even now, our enemies are preparing weapons which could potentially destroy us in a single day. For example, just check out what Russia is building

The “Satan 2” missile is rumoured to be the most powerful ever designed and is equipped with stealth technology to help it dodge enemy radar systems .

This terrifying doomsday weapon is likely to strike fear into the hearts of Western military chiefs, as current missile defence technology is totally incapable of stopping it.

It is being reported that the warheads from a single Satan 2 missile could destroy a state the size of Texas or a country the size of France.

Whether it is nuclear oblivion or something else, if we continue to behave like the Nazis it is just a matter of time before America is destroyed.

Let us hope and pray that this country wakes up while there is still time to do so.

*About the author: Michael Snyder is the founder and publisher of End Of The American Dream. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*

23 Percent Of Americans In Their Prime Working Years Are Unemployed

Unemployment - Public Domain

Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a grand total of 102.5 million working age Americans that do not have a job right now? I have written about this before, but today I want to focus just on Americans that are in their prime working years. When you look at only Americans that are from age 25 to age 54, 23.2 percent of them are unemployed right now. The following analysis and chart come from the Weekly Standard

Here’s a chart showing those in that age group currently employed (95.6 million) and those who aren’t (28.9 million):

Americans In Their Prime Working Years Not Working

“There are 124.5 million Americans in their prime working years (ages 25–54). Nearly one-quarter of this group—28.9 million people, or 23.2 percent of the total—is not currently employed. They either became so discouraged that they left the labor force entirely, or they are in the labor force but unemployed. This group of non-employed individuals is more than 3.5 million larger than before the recession began in 2007,” writes the Republican side of the Senate Budget Committee.

Clearly, we have never recovered from the impact of the last recession.

But let’s try to put these numbers in context.

Below, I would like to share two charts with you. They show what has happened to the inactivity rates for men and for women in their prime working years in the United States in recent years.

In order to be considered “inactive”, you can’t have a job and you can’t be looking for a job. So this subset of people is smaller than the group that we were talking about above. The 23.2 percent of Americans in their prime working years that are unemployed right now includes those that are looking for a job and those that are not looking for a job.

These next two charts do not include anyone that has a job or that is currently looking for a job. These charts only cover “inactive” people in their prime working years that are not considered to be in the labor force.

As you can see in this first chart, the inactivity rate for men in their prime working years exploded higher during the last recession and then continued to go up even after the recession supposedly ended. At this point, it is hovering near all-time record highs. Does this look like an “economic recovery” to you?…

Inactivity Rate Men

For women, we see a similar thing. In this next chart, you can see that the inactivity rate for women in their prime working years rose during the last recession and then just kept on rising. At this point, it is also hovering near all-time record highs…

Inactivity Rate Women

What are we to make of all this?

For both men and women in their prime working years, the inactivity rate is even higher than it was during the last recession and is hovering near the all-time record.

All of these people neither have a job nor are they looking for one.

So what in the world is going on here?

Are they independently wealthy?

Have these people found rich spouses to marry so they don’t have to work?

No, the truth is that the middle class in America is steadily eroding and poverty is absolutely exploding. Credit card debt has soared to a new record high, and 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.

The issue isn’t that people don’t want to work.

The issue is that people cannot find enough work.

And even if you have a job, that does not mean that you are on easy street. According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.

Tens of millions of Americans are now among the ranks of “the working poor”. So many families are watching their expenses soar while their paychecks go down or stagnate. If you are in this situation right now, then you probably know how exceedingly stressful it can be.

Just look at what is happening to the cost of health insurance. The following comes from Fox News

Health insurance premiums have increased faster than wages and inflation in recent years, rising an average of 28 percent from 2009 to 2014 despite the enactment of Obamacare, according to a report from Freedom Partners.

And I am not exactly sure where they got those numbers. Personally, I know that my health insurance rates have gone up far faster than that.

Two years ago, my health insurance company wanted to double the health insurance premiums for my family even though we never get sick. So I switched to another insurance company that offered a policy that was only about 30 percent higher than my last one. But then when it came time to renew, that insurance company wanted to raise my rate by another 50 percent.

Thanks to Obamacare, American families are being absolutely crippled by the cost of health care. And of course we are seeing the rising cost of living so many other places as well. Our paychecks are being squeezed harder and harder, and this is absolutely killing the middle class. In fact, the middle class in America is now a minority for the first time ever.

And now for the real bad news – this is about as good as things are ever going to get in this country. As you can see from what I have shared above, we never really had any sort of meaningful “economic recovery”, and now we have entered the early phases of the next major downturn.

So where do we go from here? Unfortunately, our debt-fueled prosperity has provided us with a massively inflated standard of living that is not even close to sustainable. As this bubble bursts, the economic pain is going to be absolutely unprecedented.

But it won’t be just economic pain that we are facing. In my new book, I detail the things that I believe that are coming to this country, and I explain why the entire planet will soon be facing incredibly challenging times. It is going to be one of the most controversial Christian books of 2016, because it directly challenges many of the things that are being taught in mainstream churches today. My book is an ominous message of warning and an inspiring message of hope, and I truly believe that it is the most important thing that I have ever written.

No matter how you may see the future, the key is that we all learn to love one another. The years ahead are going to be extremely challenging, and those that want to chase everyone else away and survive as lone wolves are going to have a very rough time. We all need each other, and those that have friends, family and communities around them are going to be in a much better position to weather the coming storms.

So let us hope for the best, but let us also prepare for the worst…

(Originally published on The Economic Collapse Blog)

The Rise Of The Temp Economy: More U.S. Employers Than Ever Want A ‘Disposable Workforce’

Disposable Workers - Public Domain

In this day and age it seems like almost everything is disposable, and many employers have found that they can make a lot more money if they have a workforce that can be turned on and off like a faucet.  In America today, there are more than 17 million “independent workers”, and they represent a bigger share of the workforce than ever before.  Federal laws give a lot of protection to “full-time workers”, but for temporary and contract employees it is a much different story.  Temp workers don’t get health insurance, vacation time or retirement benefits.  They are simply paid for the limited amount of time that they are needed and then they are disposed of immediately.  There has always been a role for such workers in our economy, but these days some of the biggest corporations in the entire country are getting rid of “full-time workers” and replacing them with temp workers just so that they can make a few extra bucks.  As a result, the ranks of the “working poor” continue to expand, and the decline of the middle class is accelerating.

Steven Hill, a senior fellow with the New America Foundation and the author of “Raw Deal: How the Uber Economy and Runaway Capitalism Are Screwing American Workers“, says that the rise of the “1099 economy” is fundamentally shifting the balance of power between employers and employees

This practice has given rise to the term “1099 economy,” since these employees don’t file W-2 income tax forms like any regular, permanent employee; instead, they receive the 1099-MISC form for an IRS classification known as “independent contractor.” The advantage for a business of using 1099 workers over W-2 wage-earners is obvious: an employer usually can lower its labor costs dramatically, often by 30 percent or more, since it is not responsible for a 1099 worker’s health benefits, retirement, unemployment or injured workers compensation, lunch breaks, overtime, disability, paid sick, holiday or vacation leave and more. In addition, contract workers are paid only for the specific number of hours they spend providing labor, or completing a specific job, which increasingly are being reduced to shorter and shorter “micro-gigs.”

Yes, there have always been temp agencies.  And there has always been a need for workers that can come in and do a job on a short-term basis.  But today, many of the largest and wealthiest corporations in America are purposely getting rid of “full-time workers” and instead are bringing in “independent contractors” to do the exact same jobs.

In some instances, the full-time workers that get fired are actually brought back as the new “temp workers”

Merck, one of the world’s largest pharmaceutical companies, was a vanguard of this underhanded strategy. When it came under pressure to cut costs, it sold its Philadelphia factory to a company that fired all 400 employees—and then rehired them back as independent contractors. Merck then contracted with the company to carry on making antibiotics for them, using the exact same workers.

An Arizona public-relations firm, LP&G, fired 88 percent of its staff, and then rehired them as freelancers working out of their homes, with no benefits. Even Outmagazine, the most-read gay monthly in the U.S., laid off its entire editorial staff and then rehired most of them as freelancers, without benefits and with salary cuts.

All of those companies should be absolutely disgusted with themselves.

How can the executives responsible for those decisions even sleep at night?

Don’t they understand what they are doing to people?

When you go from being a full-time worker to being on “temp status”, the changes can be quite dramatic.  If this has ever happened to you, then you know what I am talking about.   Having to pay “the other half” of the payroll tax or having to find your own much more expensive health insurance are just two of the big negatives that “independent contractors” have to face…

Suddenly I was responsible for paying for my own health care, arranging for my own IRAs and saving for my own retirement. I also had to pay the employer’s half of the Social Security payroll tax, as well as Medicare — nearly an extra 8 percent deducted from my income. The costs for my health-care premiums zoomed out of sight, since I was no longer part of a large health-care pool that could negotiate favorable rates.

The decline in the quality of our jobs is a theme that I have revisited repeatedly in my writing.  In order for us to have a thriving middle class, we need lots of good paying middle class jobs.

But our economy is not producing many of those jobs.  Instead, most of the growth has been in low paying service jobs.  The Middle class in the United States is being slowly but surely shredded, and our politicians don’t seem to care.  If you doubt that the middle class is falling apart, just check out the following numbers which come from my previous article entitled “Sayonara Middle Class: 22 Stunning Pieces Of Evidence That Show The Middle Class In America Is Dying“…

#1 This week we learned that for the first time ever recorded, middle class Americans make up a minority of the population. But back in 1971, 61 percent of all Americans lived in middle class households.

#2 According to the Pew Research Center, the median income of middle class households declined by 4 percent from 2000 to 2014.

#3 The Pew Research Center has also found that median wealth for middle class households dropped by an astounding 28 percent between 2001 and 2013.

#4 In 1970, the middle class took home approximately 62 percent of all income.  Today, that number has plummeted to just 43 percent.

#5 There are still 900,000 fewer middle class jobs in America than there were when the last recession began, but our population has gotten significantly larger since that time.

#6 According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.

#7 For the poorest 20 percent of all Americans, median household wealth declined from negative 905 dollars in 2000 to negative 6,029 dollars in 2011.

#8 A recent nationwide survey discovered that 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.

#9 At this point, the U.S. only ranks 19th in the world when it comes to median wealth per adult.

#10 Traditionally, entrepreneurship has been one of the engines that has fueled the growth of the middle class in the United States, but today the level of entrepreneurship in this country is sitting at an all-time low.

#11 If you can believe it, the 20 wealthiest people in this country now have more money than the poorest 152 million Americans combined.

#12 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.

#13 If you have no debt and you also have ten dollars in your pocket, that gives you a greater net worth than about 25 percent of all Americans.

#14 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.

#15 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.

#16 According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month, and nearly 47 million Americans are living in poverty right now.

#17 In 2007, about one out of every eight children in America was on food stamps.  Today, that number is one out of every five.

#18 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on Almost Nothing in America“, there are 1.5 million “ultrapoor” households in the United States that live on less than two dollars a day.  That number has doubled since 1996.

#19 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.

#20 The number of homeless children in the U.S. has increased by 60 percent over the past six years.

#21 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.

#22 The median net worth of families in the United States was $137, 955 in 2007.  Today, it is just $82,756.

So is there a solution?

Is our transition to a “1099 economy” inevitable?

Please feel free to share what you think by posting a comment below…

Thanks Obamacare! Health Insurance Companies Seek Huge Rate Increases for 2016

Obamacare Line

Health insurance companies around the country are seeking rate increases of 20 percent to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected. Federal officials say they are determined to see that the requests are scaled back.

Blue Cross and Blue Shield plans — market leaders in many states — are seeking rate increases that average 23 percent in Illinois, 25 percent in North Carolina, 31 percent in Oklahoma, 36 percent in Tennessee and 54 percent in Minnesota, according to documents posted online by the federal government and state insurance commissioners and interviews with insurance executives.

(Read the rest of the story here…)

Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report

Obamacare US Economy

It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday.

The number comes from figures buried in a 15-page section of the nonpartisan organization’s new ten-year budget outlook.

The best-case scenario described by the CBO would result in ‘between 24 million and 27 million’ fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.

Pulling that off will cost Uncle Sam about $1.35 trillion – or $50,000 per head.

(Read the rest of the story here…)

U.S. workers ‘squeezed’ by health insurance costs

Squeeze Wallet - Public Domain

Even when there’s good news for health insurance prices, workers still can’t catch a break.

A slow-down in growth of premium prices for employer-based health insurance in most of the United States in recent years has yet to translate into relief for the people covered by those plans, a new report released Wednesday finds.

The Commonwealth Fund’s state-by-state analysis also shows that in every state over the course of a decade, the cost of employer-provided health care still grew faster than incomes.

(Read the rest of the story here…)

Federal Government Looking for Company to Run ‘National Data Warehouse’ for Obamacare

Obamacare Clinic

The Department of Health and Human Services (HHS) is looking for vendors to run its “National Data Warehouse,” a database for “capturing, aggregating, and analyzing information” related to beneficiary and customer experiences with Medicare and the federal Obamacare marketplaces. Although the database primarily consists of quality control metrics related to individuals’ interactions with customer service, potential contractors are to “[d]emonstrate … experience with scalability and security in protecting data and information with customer, person-sensitive information including Personal Health Information and Personally Identifiable information (personal health records, etc.).” Vendors are also instructed that one of the requirements of a possible future contract would be “[e]nsuring that all products developed and delivered adhere to Health Insurance Portability and Accountability Act (HIPAA) compliance standards.”

(Read the rest of the story here…)

A whopping 87 percent of Obamacare customers to get taxpayer-funded subsidies in 2015 – but the Supreme Court could throw out the whole $65 BILLION system

Obamacare US Economy

About seven out of every eight Obamacare insurance customers who enrolled between November 15 and mid-December are poor enough to qualify for taxpayer-funded subsidies designed to lower their monthly premiums.

The Department of Health and Human Services reported that number Tuesday, saying it’s up from 80 percent a year ago.

Americans who participate in government-brokered medical insurance can get subsidies from the federal treasury if their households earn less than four times the government’s official ‘poverty’ level.

That situation describes 64 percent of all U.S. residents, according to the Kaiser Family Foundation. But far more are qualifying, suggesting that the Obamacare subscriber base is dramatically tilted toward low-income earners.

(Read the rest of the story here…)

Obamacare causing massive wave of hospital closures across USA

Surviving The Medical Meltdown

A number of acute-care hospitals closed across the United States last year — 18 to be exact — and experts who see a raft of new regulatory processes being heaped upon the healthcare industry in the coming years, thanks to the Affordable Care Act, believe that a wave of additional closures are ahead.

As noted by WorldNetDaily, a dozen more hospitals have closed in the U.S. so far this year in rural areas alone; more are getting ready to be shuttered. But Dr. Lee Hieb, M.D., says this is just the beginning.

“Events happening now give us some idea of what medicine will be reduced to in the future,” she wrote in her upcoming book, Surviving the Medical Meltdown: Your Guide to Living Through the Disaster of Obamacare, which is being published by WND Books.

(Read the rest of the story here…)

Nearly 10 Million Americans Move To Medicaid Since Obamacare Launch

Obamacare Line

While enrollment on government-run Obamacare exchanges gets the bulk of media attention, sign-ups for Medicaid have been even greater, in no small part due to another part of the Affordable Care Act.

Since October 2013, enrollment in Medicaid and the related Children’s Health Insurance Program had grown by about 9.7 million people as of this past October, according to data released Thursday by the federal government. That’s 17 percent higher than what was the average monthly enrollment level seen from July through September 2013.

That bump brings total enrollment in the programs that provide coverage without a premium charge to the poor and young, respectively, up to 68.5 million people nationally. A bit more than half of those people are children.

(Read the rest of the story here…)

Michelle Obama Recently Cited Alleged Example of Racism at Target — Her Story Sounded Pretty Different When She Told It in 2013

Michelle Obama On Letterman

Appearing on “Late Show” with David Letterman in 2013, First Lady Michelle Obama also told the story of how a woman once asked her for help getting something off a shelf. It’s the same story she told in a recent interview with People magazine, in which she seemingly suggested race played a role in the woman’s solicitation of her assistance.

However, her story seemingly lacked the racial undertones when she told it to Letterman last year.

“I went to Target. I thought I was undercover. I have to tell you something about this trip though,” she said. “No one knew that was me because a woman actually walked up to me, right, I was in the detergent isle and she said — I kid you not — she said, ‘excuse me, I just have to ask you something.’ And I thought, ‘cover’s blown.’ She said, ‘Can you reach on that shelf and hand me the detergent?’ I kid you not!”

Then she added some context.

“And the only thing she said — I reached up because she was short — and I reached up and pulled it down and she said, ‘Well, you didn’t have to make it look so easy.’ That was interaction, I feel so good. She had no idea who I was.”

(Read the rest of the story here…)

Putin: West wants to put Russian bear ‘on a chain’

Chain - Public Domain

Russian President Vladimir Putin lashed out at the West on Thursday for causing his country’s economic crisis, saying it would take two years to recover.

“Sometimes I think, maybe they’ll (the West) let the bear eat berries and honey in the forest, maybe they will leave it in peace,” Putin said at a news conference in Moscow, using a metaphor to refer to Russia’s famed symbol. “They will not. Because they will always try to put him on a chain, and as soon as they succeed in doing so they tear out his fangs and his claws.”

Putin’s address comes amid plunging oil prices, sanctions from the West over his actions in eastern Ukraine and a ruble currency that has lost more than half of its value in recent months.

(Read the rest of the story here…)

North Korea’s ‘ruthless magic weapon’: The cyber warrior factory ‘behind Sony hack’ which handpicks genius children to target enemies of Kim Jong un

Cyber War - North Korea

Just like in a Bond movie, an army of teenage geniuses tap away at keyboards in fortified complex tucked away from prying eyes in a rogue state, bent on bringing cyber-carnage to their Western enemies on the orders of their leader who is bent on revenge.

But this isn’t the plot line from a film. This is North Korea in 2014. And the cyber-warriors inside have diverted from their usual work of disrupting governments and big business to turn their collective fury on Sony.

The building, the Kim Il-Sung Military Academy, is one of four North Korean universities known to train children, hand-picked for their intelligence from all around the country, and turn them into recruits for an elite group of hackers simply known as Unit 121 or Bureau 121.

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China Tests ICBM With Multiple Warheads

Nuclear Explosion

China carried out a long-range missile flight test on Saturday using multiple, independently targetable reentry vehicles, or MIRVs, according to U.S. defense officials.

The flight test Saturday of a new DF-41 missile, China’s longest-range intercontinental ballistic missile, marks the first test of multiple warhead capabilities for China, officials told the Washington Free Beacon.

China has been known to be developing multiple-warhead technology, which it obtained from the United States illegally in the 1990s.

However, the Dec. 13 DF-41 flight test, using an unknown number of inert maneuvering warheads, is being viewed by U.S. intelligence agencies as a significant advance for China’s strategic nuclear forces and part of a build-up that is likely to affect the strategic balance of forces.

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ISIS Slaughters 150 Females in Iraq for Refusing to Marry, Have Sex with Them

ISIS Fighters - ISIS Media Hub

Iraq’s Ministry of Human Rights claims the Islamic State (ISIS/ISIL) murdered 150 women simply because they refused to marry or perform sexual acts with the terrorists.

“At least 150 females, including pregnant women, were executed in Fallujah by a militant named Abu Anas Al-Libi after they refused to accept jihad marriage,” said the Ministry. “Many families were also forced to migrate from the province’s northern town of Al-Wafa after hundreds of residents received death threats.”

The militants buried the victims in mass graves in the city. The families who left lost many children after they were stranded in the desert.

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LA To San Fran In 35 Minutes? Hyperloop CEO Says Speed Tube Could Become Reality

Hyperloop - Public Domain

It takes about six hours to drive from Los Angeles to San Francisco – depending on your speed – and more than an hour to fly.

But in the future, the trip may take a matter of minutes.

Designers of the speed tube called Hyperloop say they are one step closer to making that happen.

Tesla founder Elon Musk says the technology is being developed with the help of about 25 UCLA graduate architecture students at a facility in Playa Vista.

Hyperloop has teamed up with the students to create the tube technology, designed to connect cities less than 300 miles apart.

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