Obamacare Implosion Now? Since Obama (Illegally) Siphoned GSE Dividends To Prop Up ...

ZeroHedge ^ | April 2, 2017

[Zakeet]

Complete Headline: Obamacare Implosion Now? Since Obama Siphoned GSE Dividends To Prop Up, Can Trump Simply Halt 1st Qtr Sweep?

Earlier this month, Harvard Ph.D. Jerome Corsi of InfoWars (@jerome_corsi) and a CPA "who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac," confirmed a 2012 scheme hatched by the Obama administration to funnel hundreds of billions in dividends from Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac to prop up the failing Obamacare program - by paying subsidies to insurers to remain in the system.

[Snip]

The conclusion reached by Corsi and others is that this was probably illegal.

In fact, House Republicans actually sued the Obama Administration in 2014 over the fact that the subsidies to insurers weren't appropriated by congress and won, which the Obama administration appealed. As Zerohedge and the Atlanta Journal Constitution pointed out last week, the Trump administration has until May 22nd to decide whether or not to pursue the appeal:

[Zakeet]

ObamaCare will explode and we will all get together and piece together a great healthcare plan for THE PEOPLE. Do not worry! - Donald J. Trump

Quick Summary of Article: The Rats nipped cash out of Fannie and Freddie to try and keep Obamacare afloat ... this is illegal ... in a few weeks, the system will collapse along with a number of major health insurance companies ... the Rats are screwed again!

[Ingtar]

Obamacare was planned to explode. Taking the Housing Industry with it was a spiteful stab of Obama at America on his way out.

[thinden]

What a POS

[Gaffer]

With directors of Fannie and Freddie like Franklin Raines, Jamie Gorelick and James Johnson at the helm, what possibly could have gone wrong? These people got 10s of millions in bonus payout each.

[Yosemitest]

ANYTHING OBAMA SAYS is worthless.
Watch what he does, and not what he says.
The ILLEGAL ALIEN IN CHIEF wants ~ and is DIRECTING the policies that regulate ALL health care plans
in the United States ~ TO FAIL !
NEVER FORGET THAT !

Many of us have said for many years that Obama is doing this INTENTIONALLY.
He using the old Soviet Plan from 1934 or earlier.




Only idiots and the evil voted for Obama, or ANY of the Democrats.
AND NOW, WE CAN ADD "Establishment Republicans" TO THAT LIST, ALSO!
They've lied to us, constantly, and really are "Collapsing the System".
And now, these "Useful IDIOTS" who voted for them, are buying the lies that "Obamacare was designed to work." ?
It was designed to fail from the start.
THEN ... THEY GO TO THE "SINGLE-PAYER SYSTEM".

Flashback: Obama's Campaign to Transition to Single Payer Health Care (VIDEO)


obama master plan on health careover the years in his own words--SINGLE PAYER!!! ( 3:38 )

They've been sucking our wallets dry for over four years now on the "Obamacare" LIE.
AND NOW THEY WANT MORE TAXES ?
Our Founding Fathers would have hung them already!

Lets review:

Who was it that cut future funding for Medicare by $575 billion?

...the president and the Democratic Party successfully bamboozle voters... The 2012 election could turn on this falsehood.
The truth is that the Obama health law reduces future funding for Medicare by $575 billion over the next 10 years ...

Mr. Obama and Health and Human Services Secretary Kathleen Sebelius frequently make that false claim.
Indeed, even Medicare's mailings to seniors repeat the claim
that reducing spending on Medicare will make it more financially secure for future years.
The fact is that Mr. Obama's law raids Medicare.

"In early 1968 President Lyndon Johnson [DEMOCRAT] made a change in the budget presentation by including Social Security and all other trust funds in a"unified budget." "

Who was it that expanded Medicare and Medicaid to cover many, many more people than it was originally designed to cover?

The History of Medicare

In 1965, the Social Security Act established both Medicare and Medicaid. Medicare was a responsibility of the Social Security Administration (SSA), while Federal assistance to the State Medicaid programs was administered by the Social and Rehabilitation Service (SRS). SSA and SRS were agencies in the Department of Health, Education, and Welfare (HEW). In 1977, the Health Care Financing Administration was created under HEW to effectively coordinate Medicare and Medicaid. In 1980 HEW was divided into the Department of Education and the Department of Health and Human Services (HHS).

The first U.S. President to propose a prepaid health insurance plan was Harry S. Truman [DEMOCRAT]. On November 19, 1945, in a special message to Congress, President Truman outlined a comprehensive, prepaid medical insurance plan for all people through the Social Security system. The plan included doctors and hospitals, and nursing, laboratory, and dental services; it was dubbed "National Health Insurance." Furthermore, medical insurance benefits for needy people were to be financed from Federal revenues.

Over the years, lawmakers narrowed the field of health insurance recipients largely to social security beneficiaries. A national survey found that only 56 percent of those 65 years of age or older had health insurance. President John F. Kennedy [DEMOCRAT] pressed legislators for health insurance for the aged. However, it wasn't until 1965 that President Lyndon B. Johnson signed H.R. 6675 (The Social Security Act of 1965; PL 89-97) to provide health insurance for the elderly and the poor.

On July 30, 1965, President Johnson signed the Medicare and Medicaid Bill (Title XVIII and Title XIX of the Social Security Act) in Independence, Missouri in the presence of former President Truman, who received the first Medicare card at the ceremony; Lady Bird Johnson, Vice-President Hubert Humphrey, and Mrs. Truman also were present. President Johnson remarked: "We marvel not simply at the passage of this Bill but that it took so many years to pass it."

Medicare extended health coverage to almost all Americans aged 65 or older. About 19 million beneficiaries enrolled in Medicare in the first year of the program. Medicaid provided access to health care services for certain low-income persons and expanded the existing Federal-State welfare structure that assisted the poor.

The 1972 Social Security Amendments expanded Medicare to provide coverage to two additional high risk groups disabled persons receiving cash benefits for 24 months under the social security program and persons suffering from end-stage renal disease.

...(continued at link)

So Democrats,

YOU ARE RESPONSIBLE
FOR INSURING THE FAILURE
OF THE MEDICARE/MEDICAID PROGRAM,
and now YOU DEMOCRATS ARE RESPONSIBLE FOR THE INTENTIONAL DESTRUCTION OF THE U.S.A. ECONOMY!!!

So DEMOCRATS ... SHUT UP!!!

You have no integrity!!!

Sen Mark Kirk's statement Thursday, Dec 1, 2011 ...

"There are 55 million Social Security beneficiaries that will see little or no extra cash from this 2012 tax holiday;
instead, the dedicated payroll contributions meant to pay for future benefits are being diverted from the Trust Fund
and replaced with Treasury debt that does not even have a AAA credit rating.
Social Security was designed to be independent and free from the danger of Congressional manipulation,
and maintaining the firewall between the Social Security Trust Fund and general government funding is the best way to maintain the solvency of this important program.
Neither bill protects the Social Security Trust Fund
so I voted no. "

It's not our fault that DEMOCRATS raided the Social Security Trust Fund.
Let's remember ...

Not ALL are to blame for the empty lock box.

It's the Democrats Communists.

Let's take a deeper look.

Obama: "I Don't Want the Folks who Created the Mess to do a lot of Talking" "

Okay, then the DEMOCRATS need to shut up!!!

[Candor7]

THe liberal fascist left Demoncraps have screwed America yet again.

The country has become no better than a tin pot dictatorship.

Lock the ba$tards up!

[Scram1]

Is Trump using those subsidies to support the payments for his alternative plans? Will he allow the states to go bankrupt funding what the federal government doesn’t after that date. Can Congress withdraw their lawsuit before that date? Will Trump pursue the lawsuit so as to have more time before catastrophe?

[ronnie raygun]

AGAIN! we need to make examples prosecute and jail these criminals

[Liz]

NO WONDER HE'S HIDING OUT---The Royal Idiot apparently had a slew of schemes concocted before he took office.

Pres Trump needs AG Sessions to make an inquiry to the US Dept of the Treasury and find out what RAHM AND Obama were doing in the US Treasury IMMEDIATELY after Obama got elected.

=============================================

OBAMA GAVE RHAM EMANUEL TWO KEY JOBS Soon as they occupied the WH, Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (oversees the IRS).

PAUSE TO REFLECT First-term Obama had tight control of Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role

==========================================

THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.

When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09

More here: http://online.wsj.com/article/SB124113406528875137.html

==========================================

Treasury has a huge Rahm/Obama paper trail. One can get awfully rich awfully fast knowing the Fed's Treasury moves in advance.

And the Obamacare atrocity.

But the Iran connection could prove to be even more interesting considering the hundreds of millions Obama secretly gave to Iran.

"Don't worry, Mr President, the Dept of the Treasury is under your control."

[Liz]

[surroundedbyblue]

Obamacare was designed to fail so that we would be stuck with a single payor system. The useful idiots who never understood this have always driven me crazy.

[silverleaf]

Jamie Gorelick is now ivanka trumps lawyer and chief ethics advisor .... .

[Gaffer]

I am a Trump supporter but there is NOTHING that Jaime Gorelick can legitimately offer as a law-abiding lawyer, especially not one connected with ETHICS.

This is a BIG TIME mistake and I absolutely do not agree with Ivanka. It is a huge mistake, IMO

[abclily]

Where is Barak Obama right now?

[gogeo]

I am a Trump supporter but there is NOTHING that Jaime Gorelick can legitimately offer as a law-abiding lawyer, especially not one connected with ETHICS.

This is politics. It's a brilliant move. Get a little cynical, will you?

Gorelick is a RAT party elder. She wasn't hired to provide sound ethical guidance but to act as a human shield.

[Gaffer]

That is a very good question. Is his wife with him? Are either of his two children? Where is Valerie Jarrett? Is his SS detail located on-site with him 24/7? Who else is at the compound?

All questions Enquiring minds want to know.

[RummyChick]

No..gorelick was hired because ivanka is a lib. Dina Powell’s husband is ceo of teneo strategy. Gary cohn..lib

Gorelick advice had ivanka doing one thing...now changed it to making ivanka a federal employee.

Lame cherry keeps focusing on the lib faction of the WH

[Gaffer]

Excuse me. But ‘cynical’ doesn’t hire ANYONE who had the temerity to erect a legal wall between the CIA and FBI immediately prior to 9/11/2001. ‘Cynical’ doesn’t hire an unprincipled author of our housing boom demise through her dealings as a director in Fannie Mae. ‘Cynical’ doesn’t hire an unprincipled, evil woman who first erected “the wall” and then had the damn balls to sit as a judge on the 9/11 aftermath investigation.

I am incensed at the very suggestion that ‘hiring’ this person in ANY capacity as part of a restorative government is a good idea, PERIOD! Take that to the bank!

[gogeo]

Then go and be incensed, and may God be with you.

[Gaffer]

I am huge Trump supporter but I am definitely not going to consider that hiring this woman in any capacity connected with his administration (loosely or not) is a good thing. It is just blind faith and misplaced loyalty to excuse this as a good thing. I gave you at least three VERY good reasons why. What I got from you was “masterful” shift of hand or something. No thanks.