Entries Tagged as 'Politics'

US Health Care Reform

Today US President Barrack Obama is supposed to deliver a revised plan to overhaul US Health care… but yesterday Warren Buffet hit the nail on the head while speaking on CNC he said the country’s out-of-control health care costs — at US $2.3 trillion a year and growing — are like “a tapeworm eating at our economic body.”

Mr Buffet underscored that he would support overhaul legislation proposed by the US Senate, but that he would prefer existing proposals be scrapped in favor of a new plan targeted at addressing costs.

“What we have now is untenable over time,” said Mr. Buffett, noting the U.S. health-care system eats up about 17% of the country’s economic output, compared with about 10% for Canada and many other countries. “I believe in insuring more people. But I don’t believe in insuring more people until you attack the cost aspect of this. And there is no reason for us to be spending 17% or thereabouts when many other developed countries are spending, we’ll say, 9 or 10%. They have more beds, they have more nurses, they have more doctors, they even have more consultations by far.”

The major obstacles to any real reform would be the power health care lobbyists (representing pharmaceutical companies, insurance companies, doctors, and other health care related entities) as well as the American public.

Without reform, the cost of U.S. health care — already the most expensive in the world — is forecast to jump to around 25% of the US economic output by 2025.

My feeling is that since the Democrats couldn’t come up with a plan that they could all get behind when they had control of the House, Senate, and Presidency it’s extremely unlikely that they can build bi-partisan support for much of any real reform now.

American politics is always a shining example that change isn’t always progress.

Originally posted 2010-03-04 02:00:40.

Stonewall

President Obama declared June 2009 Lesbian, Gay, Bisexual, and Transgenders Pride Month, citing the rights that began at Stonewall Inn, 51 &53 Christopher Street, Greenwich Village, New York City, New York, United States of America on 29 June 1969.

Forty years since the event that is generally considered to be the beginning of the gay civil rights movement (though there were previous efforts at gay civil rights) President Obama makes a token gesture of recognition of the inequity individuals who are not part of the heterosexual majority suffer on a daily basis, but fails to mention that their is still no protection of sexual orientation in the United States and that many states have on the books laws which effectively attempt to make illegal same sex relationships (or at least sexual activities between same sex — and some anything considered deviant sexual activities even between legally married individuals).

Simply put, it is time for the United States of America to recognize and provided equality to each and every American regardless of their age, sex, creed, national origin, ancestry, race, color, sexual orientation, political affiliations, religion, beliefs, physical limitations, or marital status.

Plain and simple, all Americans are Americans and they deserve to be treated equally.

NOTE: June 1999 the US Department of the Interior designated 51 and 53 Christopher Street, the street itself, and the surrounding streets as a National Historic Landmark.

Let it forever be remembered that here—on this spot—men and women stood proud, they stood fast, so that we may be who we are, we may work where we will, live where we choose and love whom our hearts desire.
· John Berry, Assistant Secretary of the Department of the Interior

Originally posted 2009-06-01 02:00:39.

What taxpayers want

There is a good read on CNN.com by Lou Zickar entitled What taxpayers want (yes, I leveraged the title), it’s very well written and compelling; but I think it fails to be totally upfront and honest about the problem and is overtly politically spun.

You see, taxpayers also happen to be the electorate… so what they want they express by voting in each election and determining who goes to Washington (as well as their local and state seats of government) to make decisions — and since by-far-and-large voters have sent the same people back to Washington in some cases for nearly 60 years, taxpayers need look no further than the nearest mirror to see where the problem is.

If you vote for the same person election after election who has contributed to the problems, then you are getting exactly what you’ve ask for, and thus what you must want… if you want change, start at the ballot box.

But, realistically — I don’t see this happening.

America has become the home of the content, and the land of entitlement… entitlement which starts at the top and stretch to the very roots of society; and no one is willing to give up their “special” dispensations, but expect everyone else to do so.

Change is easy, and every individual is a part of it — all you have to do is send a real message to your elected officials, send them all home (for good).


What taxpayers want by Lou Sickar on CNN.com

Originally posted 2011-08-21 02:00:23.

50 Years of Progress

Clay Bennett
Chattanooga Times Free Press

Originally posted 2013-12-26 08:00:56.

Angry Voters

Hey, I’m at the front of the line of people thinking it’s time for a change — and it’s time to throw out everyone we’ve elected and try someone and something new…

BUT

Someone needs to be the voice of reason here… just because we’re pissed (or as it was put)

…made as hell and not going to take it any longer…

That doesn’t mean we should be looking to angry leaders to solve our problems.

Yes, we should be looking for people who are fed up with those who have come before them; but leaders need a level head, they need to lead with reason not wrath.

Say yes to the growing anti-incumbent fervor that’s growing; but be very careful about aligning yourself with angry people who want power.

Originally posted 2010-05-29 02:00:31.

Liberal? Conservative?

I’m really neither or perhaps both…

I’m extremely conservative when it come to fiscal matters; far more conservative apparently than anyone who get’s elected to government office.  My belief is a country must run it’s finances like an individual has to — you have to pay for what you get, which means you have to make hard choices.

I’m extremely liberal when it comes to social matters; I understand, and appreciate the cost to society of not providing assistance and programs which break the cycle of poverty.  I believe that it’s the responsibility of those who have benefited from our society to help those who have failed to achieve (not quite a Socialist view, but certainly the philosophy of from each according to their ability, to each according to their needs is a guideline for growth).

The problems in this country are deep routed, and there really are no quick fixes; however, there are certainly things that need to be done sooner than later to put us on the road to fixing the ills of this country.

The first, and most important thing, is to get rid of career politicians who serve no one’s interest except their own.

The second is to make long term investments in infrastructure — and I’m not talking about just roads, dams, etc… I’m talking about education, social services… everything that makes life sustainable.

The third it to get rid of special interest influence.

The list of things to do is virtually endless; but if we can achieve those on the top of the list in the next decade I believe we’ll start seeing major improvement… but we have to figure out why we’re where we are, and what has gone wrong — because it will go wrong again.

My BLOG posts are all over the map — but they represent me and my life… remember, anyone worth knowing is complicated.

Originally posted 2010-11-04 02:00:20.

Taxing Non-Profit

The red ink on the balance sheets of many state and local governments seems to be causing them to re-think the tax-exempt status of many non-profit organizations.

There seems to be every thing from legal/administrative challenges to organizations non-profit status to requests to non-profit organizations for tax “donations”.  Some localities are considering totally revoking non-profit exemptions, and others are simply creating hidden fees for services that are not exempt-able.

Clearly we as American’s need to re-think the non-profit tax exempt status totally.

Personally I think tax exemption for an organization should work more like “homestead exemption” — that they can be allocated a given amount of tax credit by each of their “supporters”.

Consider a system where every American is allocated a non-profit tax exemption that they can transfer to any organization (or split between organizations) that they desire; or choose not to… this gives each non-profit the ability to have a tax exemption proportional to their supporters.

What this prevents is large non-profit organizations (including faith based organization) from operating for-profit businesses or holding large tracts of real estate on which no tax is paid… but for modest non-profit organizations there would likely be minimal tax impact…

I personally believe that organizations that help society should be encouraged and supported – but organizations that simply try and evade taxes should not force the general public to support them.

Take a hard look at non-profits; ask how much of every dollar provided to them actually is delivered to the cause it is to help; ask how many employees are supported by the organization and whether their salaries are comparable those employed by for profit; and ask the same of the administrators of non-profit and who well they are compensated…

Originally posted 2010-05-27 02:00:45.

Gulf Oil Spill

President Barrack Obama toured the Red-Neck Rivera this past Monday… seeing for himself the damage the Deepwater Horizon drilling platform disaster was wreaking on the Florida, Alabama, Mississippi, and Louisiana coastline.

I appreciate that he used this as a king pin to push (again) for an American commitment to clean and renewable energy… but maybe for the moment we need to focus more on cleaning this mess up, and preventing future mishaps.

Sure, there’s plenty of people in Washington to work on all three agendas (though that in itself is part of the problem — there’s too many people in Washington — and no one seems to be responsible for much of anything)… but let’s put the best public face on dealing with the crisis du jour — and not forget de jure or de facto!

Oil and gas companies (like BP) have been making record profits over the past several years.  They’ve heavily lobbied Congress to get more and more access to public lands for drilling and exploration — all under the moniker that off shore drilling is perfectly safe, and with that they created a public perception that they had contingency plans to handle everything.

Surprise…

Not only is off shore drilling not safe; but oil and gas companies haven’t a clue about how to handle most crisis — and those record profits they make are at the expense of safely maintaining their equipment and staff.

When you look for where to point a finger — point it first at the oil and gas companies (BP would be the right place for the Deepwater Horizon disaster)… then point it at your elected official who accept major campaign contributions from the oil and gas industry — and they are the ones who control the regulations and the regulators (yeah — the regulators are to blame as well, but first vote out the idiot who created the system).

Lot of people are saying that very little (or nothing) is really being done to manage this crisis… but they’re dead wrong.  That might be their perception — but lots is being done — just maybe not the right things, and certainly BP didn’t do enough in the very early days… part of that was because they didn’t have a plan and they didn’t invest time, energy, and money into planning.

Let’s be realistic about this — the oil spill is going to get much worse before it get’s better.

Oil is still leaking from the Deepwater Horizon.

The spill is now large enough that the currents will almost assuredly take it out of the Gulf of Mexico and into the Atlantic — where the Gulf Stream will push it North along the Eastern seaboard.

It’s hurricane season; and it’s not a matter of if but rather when a storm will enter hurricane alley (remember — if the oil hits the Gulf Stream almost any storm that comes toward North America will disperse the oil even more).

BP is still clueless as to how to arrest the oil (and still short-sighted I’m sure).

All we can do is move forward and be prepared… and hopefully now the mult-member task-force will be able to do a better job managing all the facets of containment and cleanup.

Originally posted 2010-06-19 02:00:10.

It’s not our fault we went bankrupt…

I wasn’t sure it it was a new daytime sitcom or a hearing when former Lehman CEO Dick Fuld delivered his 1680 work prepared testimony.

Lehman was a strong company that had corrected it’s problems:

In retrospect, there is no question we made some poorly timed business decisions and investments, but we addressed those mistakes and got ourselves back to a strong equity position … There is nothing about this profile that would indicate a bankrupt company.

The market and the public were wrong to lose confidence in Lehman:

Lehman’s demise was caused by uncontrollable market forces and the incorrect perception and accompanying rumors that Lehman did not have sufficient capital to support its investments.

The government was at fault for not banning naked short selling or allowing Lehman to convert to a bank holding company or let it take deposits:

Each of those requests was denied at the time. Tellingly, though, each measure was later implemented in some form for other investment banks during the days and weeks following Lehman’s bankruptcy filing.

Lehman was the victim:

This loss of confidence, although unjustified and irrational, became a self-fulfilling prophecy and culminated in a classic run on the bank starting on September 10, 2008, that then led Lehman to file for bankruptcy four days later, in the early morning hours of September 15.

For more comedy (without my satire — and please don’t think I’m serious about anything I’ve written in this post) see the links below; and don’t laugh too hard.

Dick Fuld
Repo 105
Lehman bankruptcy attorney
New York Fed general counsel

Originally posted 2010-09-02 02:00:11.

Limited liability resulting from the Deepwater Horizon incident?

Right away after the explosion of the Deepwater Horizon Swiss company Transocean Ltd moved to have their liability for damages limited to the cost of the “sunken ship” ($27 million) citing an 1851 law that says the owner of a sunken vessel is liable only for its value after the accident.

Transocean expects to receive $560 million in insurance, so subtracting what they consider their maximum liability they’d just about meet their three year revenue projection under the BP contract.

Hmm…

Many of the judges are recusing themselves from hearing cases involving the oil spill; but I’d say if a federal judge in Houston makes a ruling we’ve certainly found a judge that can no longer recuse himeself (though he might be a candidate for impeachment)… my guess is Transocean will not get their ruling quickly, and likely will not get a ruling they like ever.

Transocean CEO Steven Newman told investors in addition that its contract with BP holds BP entirely responsible for all damages and liability from the spill.

I guess Newman isn’t totally confident of the petition filed in federal court, or his contractual liability limits so he’s working both ends… and is probably worried that a review will show negligence on his company’s part — which could cause a judge to throw out any and all liability limits.

BP, Halliburton, and Transocean are each responsible, and each of them should (and hopefully will) be held accountable for this mess — and their massive profits will be used to undo the damage their greed has caused.

As I’ve said before — make the problem expensive enough for them to allow to continue; and any future problem much more expensive for them to clean up — and we won’t have to worry much about the spill continuing… or ever happening again (just take highest quarter’s profits from the last year, divide by 90 — and that’s the daily fine).

Originally posted 2010-06-16 02:00:17.