ELDER PATRIOT – United HealthCare’s CEO Stephen Helmsley told investors yesterday that the company would be losing a half-billion dollars over the first two years of its involvement in the Obamacare exchanges.
According to Bloomberg Business, Helmsley admitted, “It was a bad decision for us (to become involved,”) and that a complete pullout is being considered for 2016.
UnitedHealth is the nation’s largest insurer.
ZeroHedge.com has reported that total U.S. debt grew by $674 Billion in November. We have the Republican congress to thank for rolling over like well-trained dogs and ignoring the debt ceiling argument altogether under the guise of “clearing the deck” for new Speaker Paul Ryan.
Congress’ control of the purse strings is the one real check they have on the president. Republicans punted allowing Obama to fund ISIS and our military simultaneously. Hey, November’s spending spree only cost each of America’s 85 million income tax payers approximately $8,000. Because there’s no chance of this being paid in your lifetime your children can worry about it.
I hate to see what Obama’s Christmas spending spree is going to cost them.
Breitbart.com has uncovered local CBS News (WCBS-TV in New York) footage from 9/11 reporting on swarms and swarms of Muslims celebrating the attacks. Is CBS lying now when they say Trump was lying about this or were they lying then?
This is the same network that revised the history of George W. Bush’s National Guard service during a different electoral cycle.
CBS’s refusal to ask any probing questions of Hillary Clinton proves that they are a wholly own subsidiary of the DNC. It’s time for an investigation into CBS News for making illegal campaign contributions.
NJ.com is reporting that Kean University graduate Kayla-Simone McKelvey was charged with third-degree creating a false public alarm for a series of tweets threatening black students at the school.
McKelvey is charged with creating an anonymous Twitter account, @keanuagainstblk, to post the threats that included: “kean university against blacks is for everyone who hates black people” and “I will kill every black male and female at kean university.”
Ms. McKelvey is black. She also has a history of activism on behalf of blacks. Look for her to surface again alongside Obama, Hillary or some future Democrat.
The Washington Post headline notes, “Young white people are losing their faith in the American Dream.”
The article proceeds to gives a twisted explanation of why by comparing it to similar findings during the presidency of Ronald Reagan without any allowance for factoring in the mind-bending cacophony effect of the mainstream media.
Here are the facts:
During Reagan’s presidency over 16 million jobs were created while the population grew 15 million persons from a base of 229 million persons. Allowing for the birth of newborns and the growth of the elderly population that represented real job growth and real opportunity for young people.
During Obama’s presidency over 7.25 million jobs were created while the population grew 22 million persons from a base of 304 million persons. Over 8 million illegal immigrants alone now hold jobs in the U.S. Millions more legally admitted foreign-born workers have been admitted at the behest of corporations wanting to pay lower wages for skilled employees. The result has been no real job growth and increasingly diminished opportunity for young native-born Americans.
According to Reuters, Citi Bank is warning its investors, “The cumulative probability of U.S. recession reaches 65 percent next year. Curve inversion will likely come more quickly than the consensus thinks.”
With total global debt estimated to be $230 Trillion it’s no wonder. That doesn’t include “unfunded liabilities” like Social Security and Medicare that have been raided by politicians to keep borrowing for general operations artificially low. It would be nice if the Keynesians admit theirs is a failed ideology. They’ve increased debt $60 Trillion in a failed attempt to restore economic growth since 2008 – that’s over 35%.
Then again, if politicians’ goal is world domination what better way to enslave us.
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”