Tag: debt

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More Hospitals Laying off People or CLosing

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Remember the day when new hospitals were being built and greater health services were being created every day? Remember when it wasn’t such a fight to get what your insurance owed you, the services that were recommended or the prescriptions the doctor’s gave you?

Unfortunately, there has been a complete unraveling of our medical system, with Obamacare being the final straw. As reimbursement continue to plummet and the expectation of services rise, many hospitals are left either closing their doors or laying of their employees. With less hospital workers or worse yet, less hospitals, care for the sicker patients of our communities is being decimated by the day.

Mercy Medical Center in Des Moines had to lay off 29 people this week. The president of the medical center said that this is a direct effect from both Obamacare and cutting Medicare benefits.

“As the federal government and state payment systems continue to ratchet down on what they pay us and our costs go up, we have to look for opportunities to create cost efficiencies,” the president of Mercy Medical Center said. “And one way you do that is you reduce your management costs. So if we have a department that has a director and a manager and two supervisors for let’s say 75 staff, we may remove one of those positions to what we say are the layers of management.”

Here is the biggest question: if the federal government can’t afford Medicare expenses, how can they afford a multi-trillion dollar Obamacare plan? I’m not an economist but I can do simple math. Obamacare + Increased Medicaid + Increased federal spending + Increased Federal Giveaways + Increased Americans on the Federal dole + the costs of Michelle Obama’s vacations = more debt = more dependence on China = A DECLINING AMERICA.

Will this be the epitaph of our country? I don’t know but there is one person who wishes it to be– Obama.

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U.S. businesses are being destroyed faster than they’re being created

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A new study from the Brooklyn Institution states that more US businesses are being destroyed than are being created. This trend has been most striking over the Obama administration, culminating with the worst numbers since the beginning of 2009.

There is no states or regional localization for these numbers. The poor business growth and the destruction of businesses are seen throughout the entire 50 state union. The only valid conclusion when looking at these statistics is that the problem arises from a central source and not on the local level. When I write of a central source, I am, of course, referring to Washington DC.

Since Obama has taken office, there has been an attack on the middle class. Despite Obama’s rhetoric and the media’s confirmation of his lies, the wealth gap between the rich and poor is widening by the day, while squeezing out the middle class in the process.

Remember, small business is the spine which makes America’s economy and creates most of the jobs in this country. However, as any small business owner will tell you, it has become more difficult by the year to maintain that business. Higher taxes, no incentives, new laws and an unfriendly central government has made business ownership increasingly more difficult. Also, it deters the entrepreneurial spirit and discourages anyone from wanting to create their own business.

Despite the lower unemployment rate, it clearly explains why the nation’s workforce shrank by more than 800,000 workers in April, sending the labor force participation rate plummeting 0.4 percentage points to 62.8 percent.

Despite what you hear on the news, America’s economy remains in a downwards spiral. Many have given up looking for work and are now on the government doll, or they just decided to retire due to the bad economy. As this trend continues, America’s competitive edge will soon be lost.

Don’t let this happen.

 

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Obama Prolongs Recession

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The best way to prolong a recession and stifle the economy is by continually raising taxes. Unfortunately, this self-destructive policy has been Obama’s disastrous domestic policy ever since taking office. Under Obama’s recent proposal, taxes would rise from 17.6 percent of Gross Domestic Product in 2014 to 19.2 percent in 2024. During the ten years from 2015 to 2024, federal taxation would average 18.7 percent GDP. The Congressional Budget Office (CBO) said this would be the highest level of sustained taxation ever imposed on the American people. And you all thought Jimmy Carter was a disaster.

Plus, under Obama’s budget proposal, according to the CBO, the budget will never balance. But over the next ten years, the federal government would add $7.183 trillion to its debt held by the public. And in my opinion, that is a conservative number that does not account for the trillions of dollars of mounting debt accrues from Obamacare.

The problem now in America is that he job market has stagnated considerably under Obama. With full-time work hard to find, workers have built temping into a de facto career, minus vacation, sick days or insurance. The assignments might be temporary — a few months here, a year there — but labor economists warn that companies’ growing hunger for a workforce they can switch on and off could do permanent damage to these workers’ career trajectories and retirement plans. In March, the temp industry added 28,500 jobs. As these numbers grow on a monthly basis and as more people are just simply giving up looking for work because the jobs aren’t there, America’s full time labor force dwindles by the day. Plus, as incentives to stay home and live under the government dole continue their insurmountable rise under Obama, there is no longer incentive to look for work for many people.

A recent story I came across I think nicely sums up the current state of the American work force. For seven years through 2012, the number of Californians aged 50 to 64 who live in their parents’ homes swelled 67.6% to about 194,000, according to the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development. The jump is almost exclusively the result of financial hardship caused by the recession rather than for other reasons, such as the need to care for aging parents, said Steven P. Wallace, a UCLA professor of public health who crunched the data. Plus, the number of Americans 55 and older who have been out of work for a year or more was 617,000 at the end of December, a fivefold jump from the end of 2007 when the recession hit, according to the Bureau of Labor Statistics.

Any economist can realize that these numbers and trends all stink and are hazardous to a solvent American economy. Plus, if you think the national unemployment numbers disagree with my statements or is an accurate barometer of the health of our economy, you are sorely wrong. These numbers reflect only those who are actively seeking work. Most have simply given up or settled on part time employment—both of which artificially pads the unemployment numbers.

America is heading in the wrong direction, and if we don’t do anything now, the consequences will be dire.