Fannie, Freddie and Health Care

Fannie, Freddie and Health Care
By Ryan Riell

I was originally working on an article on the CIA and how the politicians (Congress, White House, Department of Justice, etc…) and the progressive populous of the US have create an atmosphere of political correctness and how it has castrated the CIA and their ability to operate effectively. That article will have to wait until tomorrow due to some new developments thanks to the Obama administration.

The current status of universal health care is this: the House of Representatives have created a bill and passed it through their ranks. The Senate has passed their own version of health care through their ranks. It will be interesting to see if/how they are to reconcile the two bills. Hopefully, someone will find the intestinal fortitude to stand up and stop this jackassery.

If you’re house had a broken door… you wouldn’t tear the whole thing down and rebuild. That is essentially what this makeover is doing. Why don’t we start out with tort reform and removing restrictions on taking insurance policies being taken across state lines?

Tort reform will cap the liability of physicians in a malpractice case. Can anyone explain why nobody has heard a single lawyer complain about the revamping of HC? If we can pass tort reform, it will reduce the cost of malpractice insurance, reducing the billable rate that is charged by physicians.

The second part, removing state boundaries on insurance would INCREASE competition (scary word here- FREE MARKET), which would ultimately reduce the cost of insurance. If there is an insurance company in Arizona that offers services A, B and C for a rate of $400 per month for a family of four, you CANNOT purchase that insurance if you don’t live in Arizona, regardless of the difference in cost that your state’s insurance companies are charging.

If we remove this ridiculous restriction, it will force insurance companies to compete for your business, ultimately increasing the benefits while reducing the price. If you think this is a radical idea, you might want to check your auto insurance policy, you are able to take them across state lines.

• The big question, that the liberal elitist media (ABC, NBC and CBS) are NOT asking: Why are we not trying this before having the Federal government take over the health care, which is 1/6 of the entire economy?
• Why is the media not questioning the Obama administration like they did the Bush administration?

One of the main talking points that progressive fall back to is- “we are the only western civilization that doesn’t have health care for everyone.” If you look across Europe and up into Canada- when someone gets sick, they travel to either the United States or to Spain to receive the treatment that they are unable to get due to socialized medicine that has run rampant through Europe. This is one step, in a long path that they progressive movement issuing to undermine the US Constitution, the Bill of Rights and the founding principles of this country and replace them with a socialist system.

Thankfully, there are a few states that are challenging the legality of this pending legislation. Alabama Governor Robert Riley has found the intestinal fortitude and has ordered his attorney general to investigate the legality of the pending legislation.

Here are some facts that are not readily reported by the liberal biased media:
• Large cuts to federal funding of Medicaid, the State version of Medicare, which is run by the Federal government.
• The cuts to Medicaid leave it unfunded, with the difference being left for each state to pick up the tab.
• Those unfunded portions of Medicaid will INCREASE your taxes, costing roughly $34,000,000,000 (that’s 34 billion) over ten years, on average. That equates to $3.4 billion per year, per state! For larger states such as California or Texas, that number is estimated at closer to $50,000,000,000 over 10 years.

The state of Illinois had 12,901,563 residents in 2008, as projected by the US Census Bureau. Now, anyone who lives in Illinois knows that the state is way to close to going bankrupt as it is, primarily due to the society of entitlements that have been created by the rampant corruption in Illinois politics, with the Daley machine leading the way. So lets do some simple math, with the understanding that IL doesn’t have a magical slush fund that is going to subsidize the $3.4 billion per year that you are likely to see as an INCREASE in the TAXES that you are paying, EACH YEAR!

Here are some quick facts about he uninsured in the United States, based off the progressive favorite of 46 million uninsured “people” in the US:
• 10 million are in the country illegally, which disqualifies them from Government run health care.

That takes the 46 million down to 36 million. Of that 36 million:
• Roughly half of them have a household income over $50,000 per year.
• A quarter of that 36 million make over $75,000 per year.
• It is also estimated that half of the 36 million uninsured are between the ages of 18 and 35, and have made the CHOICE to not purchase insurance due to the low risk of a major ailment at that age.

Considering those three points, which are difficult to nail down and apply accurately to the 36 million uninsured, due to the overlap of all three categories, we are dealing with roughly 18 million Americans that are uninsured because they can’t afford it. If we lowball the US population at 300 million people, the 18 million uninsured is ONLY 6% of the country!

Looking at the average unfunded Medicaid that is coming $3.4 billion per year, PER STATE, which is $170 billion PER YEAR that this country is going to have to pay, in taxes. That is roughly $9,500 for each of the 18 million people that are uninsured. DOES THIS MAKE ANY SENSE TO YOU? ARE YOU OK WITH THIS?

Now, lets add some salt to that wound- the Obama administration has also authorized “unlimited financial support” to Freddie Mac and Fannie May, two of the major causes of the housing crisis that played a major role in the current recession. The reasoning that the Obama administration has given:
• It will decrease or keep mortgage rates low.
• They will be able to purchase and modify existing mortgages for struggling homeowners.

Ladies and gentlemen… two key points here:
• This is going to create a new housing bubble by allowing people to purchase property that they CANNOT AFFORD… AGAIN.
• The Obama administration is estimating that it will only LOSE ANOTHER $170 BILLION… of YOUR money, over ten years.

In case you didn’t get the memo- I regret to inform you that owning a house or condo is NOT A RIGHT. There are too many irresponsible people that bought in way over their heads financially, which was another major cause of the housing crisis, leading to the recession.

The society of entitlements NEEDS TO END for both the GOVERNMENT and its CITIZENS. If you can’t afford to purchase something, then DON’T PURCHASE IT.

We have had MORE THAN ENOUGH BAILOUTS, we DO NOT need anymore. We NEED TO LET PEOPLE FAIL, that is apparently the only way they will learn this lesson.