Murdered in plain site, in full view of the 300 million+ of its Citizens, the Republic, formerly known as the united States of America breathed its last breath.

Killed off by members of Congress who were sworn to uphold its Constitution, the Congress and their accomplice, Barak Hussein Obama conspired to rid its Citizens of their God given right to manage their private affairs such as medical health care.

As the reputed president of the former Republic, Barak Hussein Obama, in his own words did admit at George Mason University,  “And in just a few days, a century-long struggle will culminate in a historic vote“, the killing off of the former Republic was pre-meditated with a conspiracy lasting a hundred years.

The Democrats championing the health care bill, while the Republicans feigned an attack against it, proved much too strong for weary Republic that had been battling socialist tendencies for many years.

Socialism, like the cancer that it is, was hiding within the body of the Republic masquerading as other maladies, like “liberalism” and “progressive”, slowly tearing apart the very fabric of the American body.

The once proud American Republic, the shining light on the hill, the torch lighting the world to freedom, lives no more.

She is survived by formerly free Citizens who are to be cared for by the social utopia Congress from cradle to grave and all points in between.

No mention of a burial or funeral service.

Lady Liberty shines “freedom” no more to the world.  She will only mark the spot where the ghosts of liberty and justice  one lived.

May God have Mercy on us all!

Publius

It appears Bank of America is intentionally failing to collect on the portion of its mortgage portfolio that is back by Uncle Sam.  Screwed again, America!

I have long suspected that it was only a matter of time before banks began to adjust their Collection efforts to reflect Government Guarantees on their loan portfolios.

Simply put, imagine you are a bank with $100 billion in loans. Of this, $20 Billion is guaranteed by the government, $80 billion is your own money. If you managed the collection organization responsible for servicing this debt wouldn’t you be just a wee bit tempted to make sure that your $80 billion was getting the priority?

The table below details the past 12 quarters of Total Loans for Bank of America along with the portion that is Noncurrent:

The Noncurrent percentage has jumped from 5.30% in Q3 to 6.75% in Q4. Quarter on Quarter there is another $12.44 Billion in Noncurrent loans.

The next table details the same 12 quarters and reviews what portion of the Noncurrent loans are guaranteed by the Government (er, you and me the taxpayer):

Bank of America has had a massive jump in the Noncurrent loans that are Government Guaranteed. The Quarter on Quarter jump is… wait for it… $11.40 Billion.

So, magically, the incremental $12.44 Billion that has become Noncurrent Quarter on Quarter at Bank of America has a guarantee on $11.40 Billion. Nearly 92% of the jump in their Noncurrent loans are covered by us, the taxpayer.

This is no conspiracy theory discussion – these are cold hard facts supporting what any reasonable actor would do in the situation. If the government is going to cover my losses on a portion of my loan portfolio I can damn well guarantee you I’d be moving my best collectors to the portfolio I’m responsible for. The government can have my new hires, my undesirables, my slow workers, etc…

I highly doubt that we’ll ever hear about this, but this is yet another massive shift from the taxpayer to the bank!

Screwed Again!

Publius

Should the United States ever adopt the same accounting standards for itself that it foists upon private enterprise, its financial reports would leave the majority of Americans in a state of shock. Americans would have tremendous difficulty recovering from the magnitude of misrepresentation that is going on now. Accounting isn’t just a game either; there are material, legal, and ethical consequences when it’s done wrong.

As an example of the accounting fictions used daily to dupe the public, consider the US dollars the United States claims to own in the Treasury "coffers." Now brace yourself, because this explanation is going to remind many readers of Alice tumbling down the rabbit hole.

All of the interests the United States has in US dollars are cancelled out by liabilities on the Federal Reserve Balance Sheet, so that they have no effect of ownership.

The United States owns no domestic money when its off-budget entities are incorporated into its balance sheet. The Treasury general fund is an accounting fantasy. So this begs the question; what happens to tax dollars?

Read more how the federal government does not account for its money as federal law says your businesses have to account their money.

Click this "The United States owns no domestic money." and be amazed.

Publius

This little video, shows Democrats defending an out-of-control Freddie Mac, and Republicans trying (rather weakly, I believe) to remedy a perceived fault in Freddie Mac.

It’s a little “then & now” to show you the overwhelming ability of elected officials to lie right to our faces when the truth is but a video away.

You are so screwed America!

“Reform” the healthcare system is only a ruse for the real program.  Government run, socialized health care!

See and hear for yourself!

And does Obama agree?  You betcha!

See and hear for yourself!

There are those of you want to believe that Obama will protect America, and those of you who believe he really cares for you.

WAKE UP, STUPID!

He’s Screwing you America!

Kiss your private doctor good-bye!

Publius

Feb. 9 (Bloomberg) — Republican Senators are questioning whether President Barack Obama’s stimulus bill contains the right mix of tax breaks and cash infusions to jump-start the economy.

Tragically, no one from either party is objecting to the health provisions slipped in without discussion. These provisions reflect the handiwork of Tom Daschle, until recently the nominee to head the Health and Human Services Department.

Senators should read these provisions and vote against them because they are dangerous to your health. (Page numbers refer to H.R. 1 EH, pdf version).

The bill’s health rules will affect “every individual in the United States” (445, 454, 479). Your medical treatments will be tracked electronically by a federal system. Having electronic medical records at your fingertips, easily transferred to a hospital, is beneficial. It will help avoid duplicate tests and errors.

But the bill goes further. One new bureaucracy, the National Coordinator of Health Information Technology, will monitor treatments to make sure your doctor is doing what the federal government deems appropriate and cost effective. The goal is to reduce costs and “guide” your doctor’s decisions (442, 446). These provisions in the stimulus bill are virtually identical to what Daschle prescribed in his 2008 book, “Critical: What We Can Do About the Health-Care Crisis.” According to Daschle, doctors have to give up autonomy and “learn to operate less like solo practitioners.”

Keeping doctors informed of the newest medical findings is important, but enforcing uniformity goes too far.

New Penalties

Hospitals and doctors that are not “meaningful users” of the new system will face penalties.  “Meaningful user” isn’t defined in the bill. That will be left to the HHS secretary, who will be empowered to impose “more stringent measures of meaningful use over time” (511, 518, 540-541)

What penalties will deter your doctor from going beyond the electronically delivered protocols when your condition is atypical or you need an experimental treatment? The vagueness is intentional. In his book, Daschle proposed an appointed body with vast powers to make the “tough” decisions elected politicians won’t make.

The stimulus bill does that, and calls it the Federal Coordinating Council for Comparative Effectiveness Research (190-192). The goal, Daschle’s book explained, is to slow the development and use of new medications and technologies because they are driving up costs. He praises Europeans for being more willing to accept “hopeless diagnoses” and “forgo experimental treatments,” and he chastises Americans for expecting too much from the health-care system.

Elderly Hardest Hit

Daschle says health-care reform “will not be pain free.” Seniors should be more accepting of the conditions that come with age instead of treating them. That means the elderly will bear the brunt.

Medicare now pays for treatments deemed safe and effective. The stimulus bill would change that and apply a cost- effectiveness standard set by the Federal Council (464).

The Federal Council is modeled after a U.K. board discussed in Daschle’s book. This board approves or rejects treatments using a formula that divides the cost of the treatment by the number of years the patient is likely to benefit. Treatments for younger patients are more often approved than treatments for diseases that affect the elderly, such as osteoporosis.

In 2006, a U.K. health board decreed that elderly patients with macular degeneration had to wait until they went blind in one eye before they could get a costly new drug to save the other eye. It took almost three years of public protests before the board reversed its decision.

Hidden Provisions

If the Obama administration’s economic stimulus bill passes the Senate in its current form, seniors in the U.S. will face similar rationing. Defenders of the system say that individuals benefit in younger years and sacrifice later.

The stimulus bill will affect every part of health care, from medical and nursing education, to how patients are treated and how much hospitals get paid. The bill allocates more funding for this bureaucracy than for the Army, Navy, Marines, and Air Force combined (90-92, 174-177, 181).

Hiding health legislation in a stimulus bill is intentional. Daschle supported the Clinton administration’s health-care overhaul in 1994, and attributed its failure to debate and delay. A year ago, Daschle wrote that the next president should act quickly before critics mount an opposition. “If that means attaching a health-care plan to the federal budget, so be it,” he said. “The issue is too important to be stalled by Senate protocol.”

More Scrutiny Needed

On Friday, President Obama called it “inexcusable and irresponsible” for senators to delay passing the stimulus bill. In truth, this bill needs more scrutiny.

The health-care industry is the largest employer in the U.S. It produces almost 17 percent of the nation’s gross domestic product. Yet the bill treats health care the way European governments do: as a cost problem instead of a growth industry. Imagine limiting growth and innovation in the electronics or auto industry during this downturn. This stimulus is dangerous to your health and the economy.

(Betsy McCaughey is former lieutenant governor of New York and is an adjunct senior fellow at the Hudson Institute. The opinions expressed are her own.)

To contact the writer of this column: Betsy McCaughey at Betsymross@aol.com

Oh, you wanted “change”, you got change!  You are screwed by Uncle Sam

–Publius

Just ask scandal plagued Charlie Rangel who had this to say about the effectiveness of this legislation.

Nearly a trillion (with a “T”) dollars and the one person who is responsible for the bill and its contents doesn’t know what is in the bill, nor does he believe it will work!

Go ahead, click this link, and hear the Harlem Harlot himself say so.

And how many jobs are going to be created?  Umm, none.   Hear for yourself, by clicking this Americans getting screwed link

America, you must enjoy getting screwed because you keep voting these crooks in every two years!

PREMEDITATED MERGER. Makeover urged for ‘North American Union’ effort. | Britannia Radio

Wake up, people, wake up!

The bail-out was engineered for “foreign debt”!

Monies for domestic US bad loans was forthcoming.  But the bankers needed to protect their foreign buddies too!  Why?  Well, the US Bankers and the International Bankers are all on the same team!  The care about their profits and their protection.  “To hell with the American People!”

Proof?  Just read the actual Senate Bill the House had to pass!

In part:

“11 SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES
12 AND CENTRAL BANKS.
13 The Secretary shall coordinate, as appropriate, with
14 foreign financial authorities and central banks to work to
15 ward the establishment of similar programs by such au
16 thorities and central banks. To the extent that such for
17 eign financial authorities or banks hold troubled assets as
18 a result of extending financing to financial institutions
19 that have failed or defaulted on such financing, such trou
20 bled assets qualify for purchase under section 101.”

I added the bold emphasis to make sure you caught it.

So, how are you feeling?  A little “screwed?”  You should!  Uncle Sam screwed the American People by allowing borrowed funds from the FED (International & US Bankers) to purchase bad debt from foreign banks and foreign governments!

I bet you didn’t even get a “french” kiss for that one, did you?

Be sure to call and thank your Senator and Representative!

Just thought I’d shed a little light on things! 

Publius

The government did not takeover Fanni Mae and Freddie Mac!

It’s always been under the control of the federal government! That’s why it’s been always terribly mismanaged! Duh!

Fannie Mae was created by Congress under the National Housing Act of 1934.  You can read more history of HUD and Fannie Mae at:Hud.gov

The Fannie Mae Charter says the following:

Sec. 302. (a)(1) There is hereby created a body corporate to be known as the “Federal National Mortgage
Association,” which shall be in the Department of Housing and Urban Development. The Association shall have succession until dissolved by Act of Congress.

also,

Sec. 308. (b)The Federal National Mortgage Association shall have a board of directors which shall consist of eighteen persons, five of whom shall be appointed annually by the President of the United States, and the remainder of whom shall be elected annually by the common stockholders.

Freddie Mac was created by Congress under the Emergency Finance Act of 1970.

The Freddie Mac Charter says the following:

(2)(A) The Board of Directors of the Corporation shall consist of 18 persons, 5 of whom shall be appointed annually by the President of the United States and the remainder of whom shall be
elected annually by the voting common stockholders.

Again, They have always been under the control of the federal government! Oh, but they sell shares on the stock exchange, no?  Yes, and how many stupid investors are losing money right now?

The federal government is in debt over 9.6 trillion dollars!!  How can the government with a straight face say they are going to fix this system?  They are the system!

Why would anyone invest in a  company created by Congress anyway?  Yikes!

Search Google or Yahoo for Fannie Mae or Freddie Mac and corruption, and you will see how these government “enterprises” have ALWAYS been run ineptly.

Why?  They’re government! And oversight supposedly provided by HUD and Congress have been grossly negligent.

Publius