There are many ways to lose money or wealth as a result of inflation. For most Americans, the most obvious type of inflation is the steady increase in the cost of living caused by reckless monetary policies followed by the Federal Open Market Committee. Instead of acting as an independent agency and protecting the value of the dollar, the FOMC… Read more →
Mission Accomplished: ‘Fixed’ Obamcare Site Crashes Live on CNN
Another public humiliation for Healthcare.gov. On the morning of the federal exchange site reboot, CNN hoped to demonstrate the success of the “tech surge” revamp of the site live for its viewers. But “then came the roadblock.” To the embarrassment and consternation of the CNN crew, the site crashed live.
Not only did the site fail on air, the technician admits in the segment that his attempt to enroll that morning ended up failing too with the site giving him an error message about 8 minutes into the process. Millions sunk into a site that, two months after its grand launch, still cannot function properly.
Speaking of millions: Millions of Americans have received cancelation notices on policies they were promised by the president they could keep. Many of those canceled policies lapse at the end of the year. With a two-week turn around for new policies, that gives millions of Americans less than two weeks to either enroll for a plan on the federal exchange or scramble to find a new policy on the open market.
Either way, thanks to Obamacare, millions of Americans are finding themselves forced to enroll in policies with higher premiums and deductibles.
This is a copy of the full article provided by the Conservatives at Truth Revolt
Colo. man informed his dog has successfully signed up for ObamaCare
It’s a real shaggy dog story. While Americans across the country are struggling to sign up for ObamaCare due to problems with the federal health care website, at least one enrollee has successfully gotten covered through a state-run exchange: a Colorado man’s 14-year-old Yorkie.
Fort Collins resident Shane Smith told KDVR he received a letter last week informing his dog,Baxter, that a health insurance account had been opened for the pup through Connect for Health Colorado.
Smith told the station he had to sign up for coverage through the state exchange because his health insurance plan was cancelled under ObamaCare. He isn’t sure how Baxter wound up getting enrolled instead, but he said he did give Baxter’s name as a security question as part of the registration process.
“It was pretty funny. Typical ObamaCare, that they would insure your dog by mistake,” Smith told KDVR.
Traders in London were left scratching their heads on Wednesday morning when a rapid-fire 10-second spell of selling sent gold prices quoted on a Bloomberg monitor down suddenly by about $10 (£6) to trade near $1,260 an ounce. IG Markets commented that the fall came suddenly following a 2,000-contracts sell order hitting the market, but the incident shows how markets… Read more →
(Reuters) – As the United States threatened to default on its debt last month, major U.S. banks set up war rooms, spent many millions of dollars on contingency planning and, in some cases, even prepared to underwrite federal government benefits. In a series of interviews with top bank executives, new details emerged about the extent of the contingency planning that… Read more →
Outlets are quoting Democratic operative Howard Dean saying of President Barack Obama suspending certain Obamacare requirements, “I wonder if he has the legal authority to do this.” To remove all doubt: The Take Care Clause of the Constitution absolutely forbids any president from doing exactly what Obama did Thursday. Obama said he would allow insurance companies to keep offering previously-offered insurance… Read more →
Debbie Wasserman Shultz’s reaction to Obamas’s Press Conference
Andrea Mitchell attempts to get Debbie Wasserman Shultz’s reaction to Obamas’s Press Conference, all she can do is blame the GOP
A tax that is rarely discussed that also helps fund Obamacare: A tax on high-income taxpayers when they sell their homes
Franklin Lakes, New Jersey (My9NJ) -
The Affordable Care Act or Obamacare seems to be in the headlines every day because of all of the problems surrounding the launch. And while most realize the law is funded in part by the individual mandate and penalty tax, it is also being funded in ways that are not discussed as much in the media.
Luxury real estate broker Ron Aioso says there is a tax that is rarely discussed that also helps fund Obamacare. It is a tax on high-income taxpayers when they sell their homes.
Franklin Lakes, N.J. was listed on Forbes.com in 2010 as one of “America’s Most Expensive ZIP Codes”, with a median home price of $1.3M.
Aioso says homeowners in a neighborhood like this could really be impacted by the Obamacare tax.
“Where we are today in a luxury area, you look and you see this home behind me, somebody like this is really affected,” he said.
If you are single with an adjusted gross income of $200,000 or file jointly with an income of $250,000 or more, you may be impacted. Once you sell your home, any profits over the first $500,000 are already subject to a capital gains tax. And now those profits will have an additional 3.8% tax to fund Obamacare.
Aioso noted that there is also a lot of confusion surrounding this tax and many homeowners know little about it.
“I think more than anything we need some education on it so people fully understand what is this 3.8%? What am I paying?” Aioso said.
This is a copy of the full article provided by MY9NJ