Speaker Boehner Won't Play Ball

The Hoss has been in the stable since Sept. 2010 due to heart problems. This is why there have been no postings to Hoss Cents Free Financial Money Magazine. The good news is the two stents placed in the old ticker seem to have resolved the Issue
.
Can anyone out there believe the nonsense going on in Washington D.C.? What is with these politicians? They seem more interested in running for re-election rather than running the country. The GOP lead by House Speaker Boehner decided to walk out on negotiations designed at cutting the US federal deficit. This reminds me of the little boy who comes to play a game, brings his own baseball and when things are not going the way he wants them to, he takes his ball and goes home. Childish is the word that best describes Speaker Boehner. Does he not realize the serious financial implications that could befall the American people if some sort of agreement is not reached?  At least President Obama is willing to negotiate and offer real comprises towards a solution to the US Financial problem.

Let’s hope that this financial mess is straightened out before America is trust into a default position. The ramifications of a US default will be felt world wide and could precipitate a world wide recession or even depression. Why? Because speaker Boehner took his ball and went home. Time for the GOP to grow up.


Stay on Track,Money Magazine Hoss

Next Hoss Cents Free Financial Money Magazine Post: July 2011

Return to previous post from Speaker Boehner Won't Play Ball

Obama to Stimulate Economy

Image via WikipediaThe United States job data report showed that private sector employers increased new jobs by 67000 during the past month. In addition the figures for July and August were revised in an upwards direction, however the overall unemployment continues to rise and now sits at 9.6 percent.

Next week President Barack Obama will announce his administrations plans to stimulate the economy. He made the announcement in the White House Rose Garden and stated the report was “positive news, and it reflects the steps we've already taken to break the back of this recession. But it's not nearly good enough.”

“That's why we need to take further steps to create jobs and keep the economy growing including extending tax cuts for the middle class and investing in the areas of our economy where the potential for job growth is greatest,”

President Obama continues his quest to have the Senate support and pass his bill that contains tax breaks for small business in the amount of about twelve billion dollars and the creation of a thirty billion dollar fund to finance lending. The Republicans as is the nature (the party of no) is opposed to the bill on the grounds it is similar to the bailout of the financial industry.
Lawmakers are not scheduled to return to work until mid September therefore do not expect much to happen before the November elections.

Stay on Track,Money Magazine Hoss

Half of Americans under 65 to lose their health care?

Image by Getty Images via Daylife

A brand new report from the Treasury Department indicates that at some point over the next ten years approximately half of Americans under age 65 will lose their health care coverage.

In his weekly White House address, President Obama assured the American people that he would not let this happen. "In the United States of America, no one should have to worry that they’ll go without health insurance – not for one year, not for one month, not for one day. And once I sign my health reform plan into law – they won’t."

President Obama took this opportunity to tell those Americans already with health insurance that nothing in his plan would require them to change their doctor or the coverage they have. Rather, his plan would make sure their insurance would be improved. "We’ll make it illegal for insurance companies to deny you coverage because of a pre-existing condition, drop your coverage when you get sick, or water it down when you need it most. They’ll no longer be able to place some arbitrary cap on the amount of coverage you can receive in a given year or over a lifetime, and we will place a limit on how much you can be charged for out-of-pocket expenses – because no one should go broke just because they get sick."

In addition, those currently without coverage will be able (under his plan) to get quality plans at affordable prices.

He reaffirmed his commitment that any plan he signs will not to add one dime to the United States deficits. He actually predicted a deficit reduction of $4 trillion over the long term. How? By successfully slowing the growth of health care cost by a mere one-tenth of one percent.

President Obama stated the time for action is now.

Money Magazine Hoss agrees with the President. Enough debating. What is currently in place is not working. It's time to try something new. In a country as abundant as America, it is a travesty, an international embarrassment, that so many are without the means to get health care.

Stay on Track,

Money Magazine Hoss

Next Hoss Cents Free Financial Money Magazine Post: September 20, 2009
Return to previous post from Half of all Americans Under 65 to lose their health Care?

Related Posts:
Health Care Public Vs Private
Insurance, Insurance, Insurance
Obama McCain Health Care Plans