For the last six months Reid has brought you dozens of interviews with prominent national and international experts on terror, health care, foreign policy, the economy, monetary policy–both international and domestic–ideology, debt, deficit, government waste, executive orders, and the knowing untruths fed you by an intentional administration and a compliant press. With that foundation (one can never solve a problem, unless one is willing to define and acknowledge what is wrong) take a listen to Reid’s common sense, simple solutions. Simple always trumps complex. A new tax code of 200 pages trumps on all levels the almost 80,000 pages that now throttle this economy, and create inequalities, and less revenue to the government, while stifling business and jobs. You just may find yourself nodding in agreement with many–and perhaps scowling a “no way” to others. But one thing is certain, Washington is unable or intentionally unwilling to tackle these critical fractures in our society–and they must be healed. Two billion dollars for a presidential campaign? It all starts with the money, and the lust for power and control–and that is where Reid starts this show, first of a two part series.
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Don’t forget to check out Reid’s books! Click here
Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%
Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. “These rates are way below the worst-case gloom-and-doom scenarios we have heard,” boasted Peter Lee, executive director of the California exchange. But the data that Lee released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent. (Read more)
ObamaCare Already Rationing Pre-Existing Condition Plan
A pre-existing condition health insurance program established by Obamacare is already straining its own budget and, to control costs, the administration’s Health and Human Services Department (HHS) has stopped enrolling any new people in the program, according to an audit by the General Accountability Office (GAO).
In addition, to further control spending, HHS has directed the program to shift more of the costs onto the current enrollees, thus raising the out-of-pocket health care expenses for the people with pre-existing conditions. (Read More)
The One Thing I Got Wrong About the “End of America”
By Porter Stansberry Wednesday, March 13, 2013
By Porter Stansberry, founder, Stansberry & Associates Investment Research
It’s a simple question…
Do new all-time highs on the Dow Jones Industrial Average indicate that our country is no longer in danger of the End of America scenario I’ve outlined over the past several years?
For those of you unfamiliar with my End of America hypothesis… the idea is as simple as it was controversial. To summarize, I believe that America’s mounting debts (particularly our runaway federal government’s debts) will cause our creditors to abandon the U.S. dollar.
They will do so not in a deliberate effort to sink our economy, but in an effort to hedge their exposure to the inevitable inflation that must result as America prints trillions of dollars to repay its debts.
In this scenario, the U.S. dollar would lose its standing as the world’s reserve currency, causing a cascade of further financial, political, and social problems, including a massive devaluation of the dollar. It is a serious question to ask what the 46 million people who depend on food stamps would do if, suddenly, a crisis left the government unable to feed them. (Read More)