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2018-04-15 13:10 by Karl Denninger
in Health Reform , 189 references
[Comments enabled]  

This is utterly insane -- that a so-called "newspaper" can publish this sort of factual lie and not immediately be bent over the table and, well, you know -- is outrageous.

A group of distinguished economists from the Hoover Institution, a public-policy think tank at Stanford University, identifies a serious problem. The federal budget deficit is on track to exceed $1 trillion next year and get worse over time. Eventually, ever-rising debt and deficits will cause interest rates to rise, and the portion of tax revenue needed to service the growing debt will take an increasing toll on the ability of government to provide for its citizens and to respond to recessions and emergencies.

..... (goes on to talk about the claim that this is mostly about entitlement spending growth)

Entitlement programs support older Americans and those with low incomes or disabilities. Program costs are growing largely because of the aging of the population. This demographic problem is faced by almost all advanced economies and cannot be solved by a vague call to cut “entitlements” — terminology that dehumanizes the value of these programs to millions of Americans.

And there you go with the lie right there.

This is what happens when you allow very wealthy people who got that way by cheating anti-trust law for a couple of decades to enter the world of so-called 'news' and distort the truth on purpose.

Their first weapon is to lie.  The second is to label anyone who tries to oppose their position on anything by calling them names and attribute to them an intent to "de-humanize" people.

The truthwhich is trivially discernible from simply looking at the budget and as-spent in the Monthly Treasury Statements over time is that indeed it is specifically the explosion in spending in Medicare, Medicaid and SSDI (the portion of Social Security that is "disability") that is responsible for the entire problem.

SSDI is a particularly-insidious issue in that any sort of dispassionate analysis reveals two facts that nobody will take on honestly: (1) Disability recipients go up massively during recessions and (2) once on disability nearly nobody ever leaves the program.

The problem is that there is no plausible organic explanation why people "more often" become actually disabled during recessions.  Instead "disability" becomes a replacement for unemployment compensation either up front or when the checks run out; that is, those people aren't actually disabled as the program allegedly requires.

In other words, to be blunt, these "explosions" of alleged disability are fraud.

But the other two problem areas -- Medicare and Medicaid -- are real.  And here again is the claim:

Program costs are growing largely because of the aging of the population.

That is a lie and it is a knowing one.

Medicare is for old people (aging of the population.)  Medicaid is for poor people who are neither on disability (if you are you get Medicare irrespective of age) or 65 (old.)

Yet the Medicaid spend has been increasing at nearly the same rate as Medicare.

If the ramp in these costs was largely due to the aging of the population the entire problem would be focused on Medicare.  It's not, that's trivially discernible by looking at the MTS over the last few decades' time and all of these so-called "distinguished" people know that.

They're lying.

They're lying to protect medical monopolists who are breaking 100+ year old anti-trust law on a daily basis and, in addition, who have lobbied for explicit protections from some of those laws -- such as making it a crime for you to cross a border and fill a suitcase with prescription drugs you can buy from the same factory but at 1/10th or even 1/100th of the price here in the US and then return to sell said drugs -- which would instantly collapse the price here.

What's worse is that the Washington Post, owned by Jeff Bezos, is basically shilling for the company that Jeff Bezos runs (Amazon) that wishes to insert itself into the medical monopolist game and siphon off a few trillion more for itself.  In other words the owner of the so-called "newspaper" is chuckling while his publishing property runs interference for and lies about the bankruptcy of America and our federal budget so he can personally steal a few hundred more billion dollars while the rest of us watch the nation literally burn its fiscal house to the ground.

There are fixes for this problem that I've published on repeatedly.  I wrote on them in Leverage.  I've been raising Hell about this since the 1990s.  And there are specific proposals to be found right here, in these pages.  You can start here and here, for two examples.

Nobody on either side of the aisle wants to take this on because they're all being bribed by both the so-called "jobs" created through this theft and scam along with direct lobbying.

When will the people of this nation hold to account those who have been and are screwing you blind on a daily basis?

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2018-04-15 07:00 by Karl Denninger
in Federal Government , 167 references
[Comments enabled]  

... make sure you lift a glass to Beelzebezos and Donald J Rump.

Amazon (AMZN.O) received a $137 million federal rebate on $5.4 billion in U.S. profits, resulting an effective tax rate of negative 2.5 percent, by using a tax break that allows companies to write off the value of executive stock options, according to ITEP.

That's right -- last year Amazon was paid by the US Treasury (that's you!) to operate.  They had a negative 2.5% tax rate; the government literally gave them $137 million dollars; they paid nothing in federal income tax.

And this was before Trump's tax cuts took effect.

This year?  They'll steal even more thanks to Trump and his "tax cut", sold to the people because, as he claimed, our taxes on corporations are too high.

Make sure you say thanks as all the stores and other retailers who actually do pay taxes are put out of business by a firm that the US Federal Government literally pays to screw retailers large and small.

PS: Yes, I know, you don't actually to file and pay until the 17th..... 

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This is our government on drugs..... 


Email to put this on your wall today!

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2018-04-14 10:00 by Karl Denninger
in Social Issues , 198 references
[Comments enabled]  


At least five openly transgender women are set to run in next week’s Boston Marathon, raising questions on whether they have an unfair physical advantage or if they are keeping other women from qualifying for the storied race.


"We take people at their word. We register people as they specify themselves to be," Tom Grilk, chief of the Boston Athletic Association, told the Associated Press. "Members of the LGBT community have had a lot to deal with over the years, and we'd rather not add to that burden."

**** you with a rusty chainsaw Tom Grilk.

It is a fact that men have more muscle mass for an equivalent amount of training, and more speed, than women.  In addition men have a higher lactate threshold which means they can run at a faster pace for long distances than women, all other things being equal.  While some of the advantage will dissipate if you cut off a man's nuts not all of it will.

There is nothing you can do about that.

The best time ever recorded by a woman in the Boston Marathon was 2:19:59 in 2014.  Men have posted times almost 17 minutes faster, or more than 30 seconds per mile of improvement in running pace.

This isn't because men want it more or do more training -- it's physiology.

I'm nowhere near that good but I see it every single weekend when I race.  Yes, there are women who beat me consistently but there are damn few of them, especially in my age bracket (50+).  There are a lot of men who beat me regularly.

In any sport where physical strength and stamina are at-issue not restricting competitors to their sex as determined at birth is an outrage.  No factual woman who wants to compete as a man will be competitive and every factual man who wants to compete as a women will trounce any and all women who have substantially the same training and dedication along with the same (on a percentile basis) base physical ability.

This is physical fact and allowing this outrage means that women will never win again.  In the case of Boston I have no idea how competitive this man's time is but allowing him to run in the women's division has, with certainty, bumped at least one woman who would have otherwise qualified, denying her the ability to run the race at all.

The Boston Athletic Association ought to be destroyed for doing this.

In two words: **** you.

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2018-04-14 07:00 by Karl Denninger
in States , 227 references
[Comments enabled]  


COLORADO SPRINGS, Colo. (KKTV) - There will be no jail time for two men involved in the brutal gang***** of a 13-year-old girl.

Like two other defendants before them Tommy Williams, 20, and Clarence Williams, 19, each received a minimum of 10 years of sex offender intensive supervised probation, with a maximum of life on probation.

Six animals gang*****d a 13 year old.  Now four of them have evaded going to prison for it, with two more to face sentencing.

So far none of them have gotten the decades-long prison sentences that are quite-obviously deserved for such an offense.

We're not talking about a question of consent or even whether consent was possible.  This was a brutal, violent act perpetrated on a girl by a gang of offenders who used brute force to assault her.

Is there any reason to believe that there is a thing called "justice" left in this country?  Do we have to start arming 13 year olds on a "carry everywhere" basis to put a stop to this crap?

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