WASHINGTON — Millions of poor people could still be left without medical insurance under the national health care law if states take an option granted by the Supreme Court and decide not to expand theirMedicaid programs, state officials and health policy experts said Friday.
Republican officials in more than a half-dozen states said they opposed expanding Medicaid or had serious doubts about it, even though the federal government would pick up all the costs in the [...]
WASHINGTON – The Supreme Court soon will pull the trigger on the epic health care case. Better be ready to rumble. Everyone else is, as the court should announce Monday or by the end of the week whether the Obama administration’s signature health care law lives or dies, in whole or in part.
“We’ll be ready for court contingencies,” Health and Human Services Secretary Kathleen Sebelius pledged.
Key players certainly are prepared [...]
From Economic Policy Journal:
Under a bill, CISPA — the Cyber Intelligence Sharing and Protection Act, now before Congress, the ability for the government to snoop through the records, of those who use such internet services as Google and Facebook, would be broadly expanded.
Congressman Ron Paul, this morning, issued a statement on the frightening legislation:
Earlier this year, strong public opposition led by several prominent websites forced Congressional leaders to cancel votes [...]
By Rosalind S. Helderman,
Senate Democrats are making plans to force a floor vote on legislation that would invalidate Arizona’s controversial immigration statute if the Supreme Court upholds the law this summer.
Sen. Charles E. Schumer (D-N.Y.) will announce the fallback legislation at a hearing on the Arizona law Tuesday, a day before the Supreme Court hears oral arguments in a suit to determine whether Arizona had the authority to enact the 2010 state crackdown.
The legislation would [...]
WASHINGTON — Medicare is wasting more than $8 billion on an experimental program that rewards providers of mediocre health care and is unlikely to produce useful results, federal investigators say in a new report.
The report, to be issued Monday by the Government Accountability Office, a nonpartisan investigative arm of Congress, urges the Obama administration to cancel the program, which pays bonuses tohealth insurance companies caring for millions of Medicare beneficiaries.
Administration officials, however, defended the project and [...]
December 29, 2011
Earlier this month, Federal Reserve boss Ben Bernanke told senators the cartel has no intention of bailing out European banks. Bernanke told lawmakers that “he doesn’t have the intention or the authority” to bail out countries or banks.
Former Fed official Gerald O’Driscoll says Federal Reserve is covertly bailing out Europe.
Now we learn that the Fed is indeed in the business of bailing out European banks. It is secretly using [...]
Congressman: Dr. Ron Paul
In response to pressure from Wall Street, the White House and central banks in Europe, the Federal Reserve last week drastically cut interest rates for currency swaps to benefit troubled European banks. This will flood world markets with more dollars and will soon mean rising prices for every American at the grocery store. This extra liquidity will temporarily ease the cash crunch for irresponsible bankers, but in [...]
by George Washington
The coordinated swap line bailout by the Federal Reserve Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank- and China’s reduction of reserve requirements by .5% – shows desperation. (For background on swap lines, see this, this andthis.)
The Street notes:
Don’t get flustered by the terminology of “dollar swap lines” above. Here’s a more simple explanation: Central banks around the globe have acted in desperation to boost [...]
Thursday, December 1, 2011
The Fed’s latest actions in cooperating with foreign central banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed. Under current law Congress cannot examine these types of agreements. Those who would argue that auditing the Fed or these agreements with central banks harms the Fed’s independence should reevaluate the Fed’s supposed [...]
From Ron Paul
Statement on the Fed’s Continued Euro Bailout
The Fed’s latest actions in cooperating with foreign central banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed. Under current law Congress cannot examine these types of agreements. Those who would argue that auditing the Fed or these agreements with central banks harms the Fed’s independence should reevaluate [...]
U.S. Fiscal Crisis in Spitting Distance: Laurence Kotlikoff, first posted in Bloomberg
The two parties are having a heated debate over the Republican plan to slice $61 billion off Uncle Sam’s projected $3.6 trillion budget. If the Republicans get their way, the deficit will fall from 9.5 percent of gross domestic product to 9.1 percent. If they don’t, they’ll probably shut the government for a couple of days. Then they’ll compromise [...]