Tag Archives: politics

Another Intrusive Government Regulation

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US regulators proposed requiring the nation’s largest banks and financial firms to hold back executives’ bonus pay for four years, extending by a year the common industry practice on Wall Street incentive payouts.

The plan would also require a minimum period of seven years for the biggest firms to “claw back” bonuses if it turns out an executive’s actions hurt the institution.

In a free market economy—that is to say, a healthy economy—this would be a business decision, validated or rejected by that business’ owners and its marketplace customers.  However, in this Progressive-Democrat Party administration, this is a Government Decision, made by Government Know Betters, because those actually participating in an economy, with their own money on the line, can’t possibly understand the situation.

Another hint of a Government with too many employees and too little work: this…rule…was developed by no less than six agencies.

Russian Intimidation

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Russia’s ambassador to NATO accused the US Wednesday of trying to intimidate Moscow by sailing a Navy destroyer in the Baltic Sea, and vowed Russia would respond to future incidents with “all necessary measures.”

Is Russia establishing a nine-dash boundary?  After all, Russian MFWIC Vladimir Putin has been watching President Barack Obama’s (D) remarkably timid response to the PRC’s boundary-setting in the South China Sea.

The Situation in Ukraine

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This is a YouTube video showing the front lines in Ukraine over the last two years.  The title translates as Two Years ATO [Anti-terrorist Operation] in Two Minutes; the text in the lower right names the months as they pass.

The description below the video translates, roughly, as

TSN.ua [a Ukrainian news agency] assembled in one video map all hostilities in the Donbass, distributed in Ukrainian media in the last two years.  The first of them began to appear on the network in June 2014 and since July [has been] updated almost daily.  After reviewing a two-minute infographic, you can see how over time the front line changed, and in that period as long as ATO occurred relative lull.

Notice how the front, after some time, stabilized in the north, and then then in the west: by October (ЖОВТЕНЬ) 2014.  What might the Ukrainians have been able to accomplish against this Russian invasion had they been permitted by the Obama administration and/or the Europeans to have actual weapons with which to defend themselves?

More Veterans Administration…Misbehavior

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Department of Veterans Affairs investigators conducted spot checks at 10 veterans benefits offices around the country and came to a disturbing conclusion: the VA has been systemically shredding documents related to veterans’ claims—some potentially affecting their benefits.

The VA Office of Inspector General conducted the surprise audit at 10 regional offices on July 20, 2015, after an investigation into inappropriate shredding in Los Angeles found that staff there was destroying veterans’ mail related to claims….

And

Of 155 claims-related documents [in the to-be-shredded bins], 69 were found to have been incorrectly placed in shred bins at six of the regional offices: Atlanta, Chicago, Houston, New Orleans, Philadelphia and Reno[.]

For the math challenged senior VA employees, that’s a 44% rate.  That rate is not consistent with mere carelessness.

This is part of a venerable history of misbehaviors that is just too widespread and too long-lasting to be accidental.  Especially against the backdrop of VA management’s refusal to terminate, for cause or for any reason, those at any level who are misbehaving.

It might seem nice that it’s the VA’s own IG facility is the one that’s finding these failures to perform, but maybe that IG is doing so secure in the knowledge that there will be no consequences to the findings.  The VA’s IG, after all, works directly for the VA’s Secretary.

Veteranos Administratio delende est.

Who Enrolls in Obamacare?

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What’s the effect of that on costs under Obamacare?  The Blue Cross Blue Shield Association rudely conducted a study of the matter, and they found

  • New enrollees in individual health plans in 2014 and 2015 had higher rates of hypertension, diabetes, depression, coronary artery disease, HIV and Hepatitis C than those enrolled before ObamaCare.
  • New enrollees received significantly more medical care, on average, than those with individual or employer-based plans.
  • New enrollees had more inpatient admissions, outpatient visits, prescriptions filled and emergency room visits.
  • Medical costs for new members were, on average, 19% higher than for employer-based members in 2014, and 22% higher last year. Average monthly medical spending for those newly enrolled members also rose at a higher rate in that period.

And

A recent Daily Caller examination of annual reports from insurers also found storm clouds on the horizon of the exchanges.  It found that 8 of the 11 remaining exchanges may fail this year, despite assurances from the Obama administration.

All of which will lead to rising costs.  That increased use of medical care and health coverage plans, paid for with OPM, will drive health plan providers’ costs and so their premiums charged the customer (read: the government/your tax money).  The greatly reduced ObamaMarts will drive costs to the health plan provider customer, since subsidies—OPM—will be lost to them, also.

A report from Freedom Partners earlier this year showed premiums on the individual market are rising by double digits in most states.

Didn’t President Barack Obama (D) promise the contrary?  Both the current Democratic Party Presidential candidates are promising to extend this even further, too.

Elections have consequences.