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A 40% 'default rate' LOL!

That would be about $1.5 billion in the Dems' cronies pockets- for FAILING to provide health insurance plans. Yes, this part of Obamacare pays out $3.4 billion in government guarantees, expecting almost $1.5 billion of that to go into the pockets of their cronies who don't (but gosh they tried! And their intentions were so good you know!) form health insurance plans.

Gee, let's all be "hoping CMS will commit all the remaining loan money before Congress makes further cuts" so the Dems' fat cat buddies can skim off (or "Solyndra" -to coin a phrase) all of the "predicted" $1.5 biilion...

And this quote in the article- '“If you don’t have private shareholders or investors, you have the economic infrastructure to break even and be sustainable,” she said.] Yeah, there's a name for an economic system like that...

1 posted on 02/21/2012 5:11:15 PM PST by mrsmith
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To: mrsmith

I would like to know where this money comes from. How can our president just wave his magic wand and direct this money. Doesn’t Congress have the purse strings and have some checks and balances on this ? Our system is crooked, just damn broke and beyond repair.


2 posted on 02/21/2012 6:20:28 PM PST by Newbomb Turk (Hey Newbomb, Where's your brothers El Camino ?)
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To: mrsmith
This is damned unConstitutional. There is no money to loan; it is being borrowed at increasing interest rates from countries and organizations that are not friendly to us.

This government healthcare scheme will be the death of the Republic.

5 posted on 02/22/2012 11:10:15 AM PST by backwoods-engineer (I will vote against ANY presidential candidate who had non-citizen parents.)
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