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Archive for August 1st, 2018


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Food and medicine shortages, frequent power blackouts, lack of running water. SOCIALIST VENEZUELA

Venezuelan President Finally Admits That Socialism is Broken, Economy Is Destroyed

Food and medicine shortages, frequent power blackouts, lack of running water.
Welcome to a day in the life of virtually every citizen of Venezuela, thanks to a failing economy, hyperinflation and an autocratic government whose socialist policies have been an utter disaster.  Just about everyone in the world knows that Venezuela’s socialist model has been a failure. Now, the country’s president has admitted it as well  — sort of.

“The production models we’ve tried so far have failed and the responsibility is ours, mine and yours,” Venezuelan President Nicolas Maduro told members of his ruling congress Tuesday. While Maduro may have admitted failure, he’s still not necessarily taking the blame. He believes (or at least tells his citizens) that many of the country’s economic problems stem from the U.S. “empire” trying to undermine his administration through military intimidation and economic sanctions.  “Enough with the whining… we need to produce with or without (outside) aggression, with or without blockades, we need to make Venezuela an economic power,” Maduro said. “No more whining, I want solutions comrades!”

Maduro said he will no longer blame the U.S. for his country’s problems.

“Enough of whining,” Maduro said. “You will not see me whining to myself. I do not blame them anymore. You do not see me whining in front of imperialism. Let them attacks us. It is up to us whether to act with aggression or without aggression.”    Venezuela’s economic decline began under former President Hugo Chavez. A country that was once overflowing with revenue from its state-run oil production saw those revenues sharply decline in the past decade as U.S. production increased and global prices fell.
Unde Maduro, the crisis worsened. His government has nationalized cement and steel production and taken over operation of private businesses such as supermarket chains and others that provide basic services to its citizens.

But oil revenues still account for 96 percent of the country’s revenues, so as government fails to collect an adequate amount of money from its oil business, it has failed to provide an adequate amount of services for its citizens.  Due to hyperinflation — the International Monetary Fund estimates Venezuela’s inflation rate will reach 1 million percent this year — food shortages and high prices, 93 percent of the population does not earn enough to buy food, according to a 2017 study conducted in Venezuela. Venezuelans have lost, on average, 20 pounds since the country’s humanitarian crisis began in 201

Almost 1 million Venezuelans have fled hunger and repression by migrating to neighboring Colombia over the past two years. Another roughly 50,000 sought asylum in the United States. Roughly 800 Venezuelan refugees cross the border into Brazil every day.  So how does Maduro suggest fixing his country’s economic problem? Produce more oil.  He wants to raise production to 6 million barrels per day. The problem is that according to the latest report from OPEC, Venezuela only produces about 1.7 million barrels per day. So, in essence, the country would have to quadruple current production levels, a move that would likely result in lower prices for that oil as the market absorbs the higher supplies.

Not only that, but the United States has said it might ban exports of Venezuelan oil to the U.S. if Maduro does not reform his government. The U.S. receives more than half a million barrels a day from Venezuela.  “I estimate it will take about two years to reach a high level of stability and see the first symptoms of new and economic prosperity, without for one second affecting social security and protection,” Maduro told his government Tuesday.

Some critics of Maduro don’t believe his government will survive long enough to see a significant increase in oil production.  Outgoing Colombian counterpart Juan Manuel Santos told AFP that Maduro’s government is a prime target for a regime change.  “I can see it happening in the near future,” Santos said of a regime change in Venezuela. “A country with the level of inflation that Venezuela has … that regime has to fall.”

It’s amazing to see a push for socialism by so many Democrats — including new Democratic “savior” Alexandria Ocasio-Cortez all but promising socialist policies — with the glaring failures of Venezuela staring them right in the face.  Republicans, on the other hand, are probably hoping the Democrats remain obsessed with pushing a socialist agenda, since it seems to be a losing recipe for most elections.

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  • The American flag embodies an incalculable generosity to those
    suffering from 
    natural or man-made disasters. Americans don’t
    take a knee when, at home or abroad, victims of
    hurricanes, earthquakes or other natural disasters ask for
    our financial help.
  • The American flag embodies the selfless sacrifice of those brave
    men and women who 
    respond to national crises. American first
    responders didn’t take a knee on
    Sept. 11, 2001, when asked to help
    others amid the horrors of the twin towers.
    The American flag was
    buried with them in the rubble that day.
  • The American flag embodies the courage and bravery of our
    service men and
    women when called upon to relieve the suffering
    and oppression of others around
    the world. American soldiers, sailors,
    Marines, airmen and coasties don’t take 
    a knee when it comes to protecting
    our liberties, including our
    First Amendment right of free speech.
  • The American flag embodies the unnoticed simple acts of kindness
    and compassion 
    that Americans show to one another every day.
    Americans don’t take a
    knee when it comes to helping others in need.
  • We are, as our Pledge of Allegiance reminds us, “one nation, under
    God, indivisible.”
    Kneeling during our national anthem denigrates the very
    symbol of our indivisibility. Kneeling
    during our national anthem promotes
    division, not healing, and disrespects those that proudly wear the American
    flagon their sleeve as an emblem of what is good in this country.

Staggering Price Tag of ‘Medicare For All’ REVEALED


The U.S. government’s total revenue is estimated to be $3.422 trillion for fiscal year 2019; Socialist Bernie Sanders and his lady Socialist friend Alexandria Ocaslo-Cortez want to spend $32.6 Trillion for Medicare over 10 years. That would consume the total tax revenue of the U.S for that period of time!

Where does the federal government’s revenue come from? Individual taxpayers like you provide most of of it.

  • Income taxes contribute $1.688 trillion
  • Corporate taxes $225 billion 
  • Payroll Taxes $1.238 trillion:
    • $905 billion for Social Security
    • $275 billion for Medicare
    • $47 billion for unemployment insurance. 


Bernie Sanders’ ‘Medicare for all’ bill
estimated to cost $32.6T, new study says

The “Medicare for All” plan pushed by Sen. Bernie Sanders and endorsed by a host of Democratic congressional and presidential hopefuls would increase government health care spending by $32.6 trillion over 10 years, according to a new study.   The Vermont senator has avoided conducting his own cost analysis, and those supporting the plan have at times struggled to explain how they could pay for it.
The study, released Monday by the Mercatus Center at George Mason University, showed the plan would require historic tax increases.
The hikes would allow the government to replace what employers and consumers currently pay for health care — delivering significant savings on administration and drug costs, but increased demand for care that would drive up spending, according to the report.  According to the report, the legislation’s federal health care commitments would reach approximately 10.7 of GDP by 2022, and rise to nearly 12.7 percent of GDP by 2031.  But the study, conducted by senior research strategist Charles Blahous, said that those estimates were on the “conservative” side.
Sanders’ plan builds on Medicare, the insurance program for seniors. The proposal would require all U.S. residents be covered with no copays and deductibles for medical services. The insurance industry would be regulated to play a minor role in the system.
Sanders is far from the only liberal lawmaker pushing the program.
2020 hopefuls like Sen. Kamala Harris, D-Calif., and Sen. Elizabeth Warren, D-Mass., endorsed a “Medicare for all” program last year.
Political newcomer Alexandria Ocasio-Cortez, who beat House Democratic Caucus Chairman Joe Crowley, D-N.Y., in a recent upset primary and instantly became a prominent face of the democratic socialist movement, also is promoting a “Medicare for all” platform.  “Enacting something like ‘Medicare for all’ would be a transformative change in the size of the federal government,” Blahous, who was a senior economic adviser to former President George W. Bush and a public trustee of Social Security and Medicare during the Obama administration, said.
Blahous’ study also found that “a doubling of all currently projected federal individual and corporate income tax collections would be insufficient to finance the added federal costs of the plan.”  But Sanders blasted the analysis as “grossly misleading and biased,” noting that the Mercatus Center receives funding from the conservative Koch brothers. Koch Industries CEO Charles Koch is on the center’s board.
“If every major country on earth can guarantee health care to all, and achieve better health outcomes, while spending substantially less per capita than we do, it is absurd for anyone to suggest that the United States cannot do the same,” Sanders said in a statement. “This grossly misleading and biased report is the Koch brothers’ response to the growing support in our country for a ‘Medicare for all’ program.”
A spokesman for Sanders said that the senator’s office has not done a cost analysis on the new plan, however the estimates in the latest report are within the range for other cost projections for Sanders’ 2016 plan.  Sanders’ staff found an error in an original version of the Mercatus report, which counted a long-term care program that was in the 2016 proposal but not the current one. Blahous corrected it, reducing his estimate by about $3 trillion over 10 years. Blahous says the report is his own work, not the Koch brothers’.  Also called “single-payer” over the years, “Medicare for all” reflects a long-time wish among liberals for a government-run system that covers all Americans.
The idea won broad rank-and-file support after Sanders ran on it in the 2016 Democratic presidential primaries. Looking ahead to the 2020 election, Democrats are debating whether single-payer should be a “litmus test” for national candidates.  The Mercatus analysis estimated the 10-year cost of “Medicare for all” from 2022 to 2031, after an initial phase-in. Its findings are similar to those of several independent studies of Sanders’ 2016 plan. Those studies found increases in federal spending over 10 years that ranged from $24.7 trillion to $34.7 trillion.
The Mercatus study takes issue with a key cost-saving feature of the plan — that hospitals and doctors will accept payment based on lower Medicare rates for all their patients.
The study found that the plan would reap substantial savings from lower prescription costs — $846 billion over 10 years — since the government would deal directly with drugmakers. Savings from streamlined administration would be even greater, nearly $1.6 trillion.  But other provisions of the plan are also expected to drive up spending, with coverage for nearly 30 million uninsured Americans, no copays and no deductibles and improved benefits on dental, vision and hearing.
The study estimated that doubling all federal individual and corporate income taxes would not fully cover the additional costs.
The Associated Press contributed to this report. 

John Nelson -
Bob Gilmore
Dick Fankhauser