Daily News Updates - Health Insurance News

Bush’s Report Card, Pt.6 – ‘Crazed leader goes fiscally berserk.’

Previous…

In addition to shoving millions of high-paying jobs out-of-country, Mr. Bush has also allowed 75% of our nation’s largest industries to escape paying income taxes. By doing this, the large industries are able to show profits even with consumer confidence at an all-time low (because of unprecedented job loss and plummeting paychecks). Even though domestic sales are historically low from this, corporations can supplement this because of extreme tax breaks and still show a profit because of the low overhead. Of course the unbridled lay-offs leave millions of Americans without health insurance. Meanwhile, medical costs also spiral out of control and even those still working, but with reduced salaries, can’t afford health insurance.

One may wonder “But how can we run a country, pay Halliburton and fund two wars with no taxes coming in?"  Easy, there’s a specialized credit system with no fiscal qualifications and unlimited spending. It’s called “ND Financing”, otherwise known as national debt.  Is the cycle closed; can it sustain itself?  No, but we can take the largest surplus in our nation’s history and take a very healthy economy with a balanced budget and say “I’ve finally earned tremendous spending power and now I intend to spend it.”  Then take all of this vast wealth and run our economy right off the road.  We can stretch this out for about 8 years, or so, before it crashes.  This is where we’re at right now.  The way Mr. Bush has manipulated this aberration is by racking up obscene debt outside of the books.  Now we have 18,000 to 22,000 citizens dying every year because of no health insurance.  We have over 45 million citizens at risk with no health insurance.  We also have, at least 27 million Americans with health insurance so inadequate that they’re either being driven into poverty, facing bankruptcy or both.

Continued…