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Tue Aug 05, 2014 at 09:28 PM PDT

Torture Trap

by o76

   They have him now. Obama has finally committed a crime worthy of impeachment. He has refused to prosecute citizens who are guilty of torture. He has admitted that they did it, but, he is not going to uphold the law.

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Mon Dec 30, 2013 at 01:31 PM PST

They Owe Us!

by o76

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Fri Sep 27, 2013 at 04:59 PM PDT

Default at 200 to 1

by o76

   The current CDS rate on US default appears to be about 200 to 1. You can bet a million to get back 200 of them. Google is not making it easy for me to find out how much money is on the line this time. Many of the articles refer back to 2011 when there was about 4.5 billion being wagered against America. That would have been a payout of about a trillion bucks similar to what was wagered against Lehman Bros. in 2008. Interestingly payout is in Euros for Credit default swaps against the US.

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Mon Sep 09, 2013 at 04:16 PM PDT

A good move for Syria

by o76

   I can think of 4 good reasons why Syria would want to surrender their chemical weapons.

1. Protecting military assets costs resources.  Freeing soldiers from guarding chemical stockpiles increases the number of soldiers who can fight rebels.

2. The chemical weapons are worse than useless. Any further use of them now would almost certainly bring on a military strike.

3. Getting rid of them denies them to the rebels. This is a weapon he can't use but in the hands of terrorists they would be a threat to the entire world.

4. Giving them to the UN puts the burden of guarding and destroying them on the world community. Nobody would believe him if he said he got rid of them himself.

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Sat Aug 31, 2013 at 03:47 PM PDT

When Obama meets Putin next week ...

by o76

   The G20 Leaders Summit, takes place September 5th & 6th, 2013 in St. Petersburg, Russia. The climate is sure to be chilly with the Snowden fallout. The stench of chemical weapon use in Syria will taint the air. What can Obama and Putin make small talk about that won't have world shattering consequences? Maybe they can make a bet regulating derivatives? Just a little wager to make it interesting, say $630,000,000,000,000.  

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Tue Mar 19, 2013 at 07:20 AM PDT

The Great Cyprus Bank Scam

by o76

Hey, Have I got a deal for you! I just heard about this bank that is offering 7% interest on passbook accounts. The account is insured by the government so you can't lose. They take your money and invest it in government bonds. Would you like to know more? Follow me past the orange twists and turns to learn the rest of the story.

Poll

Who should take the hit?

0%0 votes
9%4 votes
65%29 votes
2%1 votes
0%0 votes
13%6 votes
9%4 votes

| 44 votes | Vote | Results

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Sun Jan 13, 2013 at 08:04 AM PST

Health Insurance Game Changer

by o76

   Has anyone else noticed a change in attitude from insurers? It seems as though the fight is gone from them. I wonder if it could have anything to do with the 15% limit on profits and expenses. If they can no longer generate 20% or 30% or more by denying claims then there isn’t a good reason to fight every claim. Actually it may be the opposite. Under the 85/15 (80/20 for certain small employers) rule of ACA the insurer has to pay out 85% of the premiums collected to pay for medical care. Only 15% may be retained for administrative costs and profits. If they pay out $85 million in claims they get to take $15 million for themselves. If they fight claims and only pay out half that much then they only get to take $7.5 million. Additionally, every penny they waste in fighting comes out of the profit since it doesn’t go to paying for actual care so they are better off settling discrepancies with the minimum amount of fuss. That will keep administrative costs lower.

More below the Orange Scroll of Progressive Policy:

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Tue Sep 18, 2012 at 09:42 AM PDT

GOP: a party of parasites

by o76

   The disdain that Republicans have for the workers of America is outrageous. They have a twisted world view that values only wealth. And wealth is what they have extracted from working class people in increasing amounts since the 1970's. Instead of allowing the increases in productivity to be shared by all they have taken it all. The 47% of people that Rmoney has written off as parasites are in large part the detritus left after the true parasites have sucked off as much wealth as they could without killing their host. I have no doubt they will attempt to continue their parasitic practices until 99% of us have so little left that we have no alternative but to serve the 1% for the scraps and crumbs they deign to drop on us.

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Tue Nov 30, 2010 at 05:04 AM PST

Rich Rent Rant

by o76

  So I read that rich people are renting apartments going for upwards of $10,000 a month in NYC. But the comments were what got my interest, verging on unsurpressed rage and almost all from teabaggers by the code words they left in their tracks. Perspective is everything and I've developed a new one that is beginning to make things a little clearer.  

Poll

Should the Irish default?

86%19 votes
13%3 votes

| 22 votes | Vote | Results

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Sun Nov 21, 2010 at 03:17 PM PST

1/3 of a cent

by o76

When was the last time you picked up a penny?

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Sun Mar 22, 2009 at 07:03 PM PDT

Doomsday my ass!

by o76

   I'm ready to rant. How can these people possibly think it is better to have the US of A default on its debt than to pay what it takes in taxes to save it. They were perfectly willing to sacrifice somebody else's sons and daughters to fight a war for a lie but they'd  prefer to see us be ruined so that they could decide how to spend their precious money themselves rather than let any of it go to someone who they don't think is worthy.

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Sun Dec 14, 2008 at 10:07 AM PST

Fair Healthcare Billing Reform

by o76

   Unfair billing is the heart of the health care disaster in America. One simple law could fix it and create conditions that would allow health care for all. Everyone is aware of the practice but nobody seems to realize the implications or people are afraid of the consequences that Fair Medical Billing would have.    

Poll

Would you support Fair Medical Billing

77%14 votes
22%4 votes

| 18 votes | Vote | Results

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