We live in an extremely covert world when it comes down to how things get done.  I mean, really get done.  This is a world of shadows where a lot of things get done in the dark.  Most of the time one must scratch beneath the surface to get to the truth.

“There are two ways to conquer and enslave a nation.  One is by the sword.  The other is by debt.”  John Adams 1735-1826

John Perkins, former Chief Economist for Chas. T. Main Inc. states that we would find a country with great resources (we being the United States) to covet.  The World Bank, International Monetary Fund, or another one of its sister organizations will furnish a loan to that country.  But, the money never gets to the country in question.   Instead, our big corporations get the money to build the infrastructure.  So, these big companies proceed with building things like gas stations, power plants, industrial parks, etc.  Only the wealthy in these countries benefit but the people are left to foot the bill.  Which they can not.

The next stage that takes place is when the economic hitman would go over to the country in question and propose that they should sell our corporations that are already in position in their country at the current time after the loan the oil rights for cheap or let us set up a military base, etc.  This is when the privatization of utilities and social systems come into play.  The conglomerate of international countries which includes the U.S. position themselves for the control of these assets.  Often times they (government and bankers) would give additional loans or refinance the original loan causing the country to fall even deeper into a hole that they can not climb out of.  Eventually, these countries become annexes and ruled by outside interests.  There are a few examples of this malignant process that come to mind.

In Iran, Dr. Mohammad Mossadegh was democratically elected as the Prime Minister from 1951-1953.  Hope for democracy in the Middle East (N. Africa) until he mentioned that foreign countries should give the Iranian people more money for the oil they are getting.  He simply was saying that the Iranian people should benefit from their own oil.  What’s wrong with that, right?  Iran made it public that they were going to take over the British oil assets.  The U.S. didn’t take too kindly to that so they sent in K. Roosevelt, cousin of Teddy Roosevelt, who was a Jackal or Economic Hitman.  With a few million dollars, he managed to get Mossadegh overthrown and then replaced by the Shah of Iran.  Roosevelt was a CIA agent which would have been a problem if he was caught.  The government, going forward, would then begin using private companies and civilians to do their dirty work.

Jacob Arbenz Guzman was the President of Guatemala from 1951-1954.  He stood against The United Fruit Company and stated he wanted to give the land back to the people.  The people loved him but the United Fruit Company not so much.  They were very powerful.  The United Fruit Company got the U.S. behind them by convincing the U.S. government and military that Guzman was backed by the  Soviets.  According to John Perkins, the CIA in conjunction with the military had him assassinated.  His replacement reinstated the policies that would be favorable towards The United Fruit Company as if was related to land rights.

This covert process to take control of a country and its assets has basically four steps: First, the loan is given to the country with high levels of interest attached to it.  The second step is after the country has trouble paying the loan back, send in the Economic Hitman to bribe them with a restructured loan and/or talk them into making a deal.  Thirdly, is after the Economic Hitman fails, they send in the Jackals to take down the regime covertly.  Fourth and finally, when the Jackals fail, send in the military.  Coincidentally, all four of these steps took place in Iraq with Saddam Hussein.

One could make a claim that money is the one thing that makes the world go around.  Currently, currency is as precious as water or air.  One must have it to survive.  But, there is a lot more to money that most people understand.  What if I told you that money is really debt?

We live in a world where 1% of the earth’s population owns 40% of the world’s wealth?  50% of the world’s population lives on less than $2 a day.  Daily, 350,000 children die around the world from poverty and diseases that are curable in this present time while the rich get richer.  This is a staggering number no doubt.  One of the reasons for financial imbalance could be because most people use money but don’t understand money, how it relates to debt and how it relates to the monetary system itself.

Money Is Created Out Of Debt Through Loans

September 30th, 1941 at the House Committee Hearing on Banking and Currency, Marriner Eccles, Governor of the Federal Reserve, wrote, “ If there was no debts in our money system, there wouldn’t be any money.”  Modern Money Mechanics was a document produced by the Central Bank or Federal Reserve some years ago.  This document detailed the institutionalized practice of money creation by the Federal Reserve and the web of global commercial banks it supports.  The first page clearly states it’s purpose which is to describe the basic practice of money creation in a “fractional reserve” banking system.  The document goes into detail and breaks down how it works.  It goes something like this, the US Government needs a loan.  They go to the Federal Reserve and asks for $10 billion.  The Fed. (Federal Reserve Bank) says, o.k. We’ll buy some government bonds from you.  The government then creates some pieces of paper all nicely decorated and puts a value on these pieces of paper or bonds to the sum of $10 billion and deliveries them to the Fed.

The Fed. then have drawn up some nicely decorated pieces of paper also known as money and names them Federal Reserve Notes.  The Fed. gives these notes to the government in return for the bonds.  They exchange colorful paper in other words.  After the exchange, the government takes the notes and deposits them into a bank account.  This makes the notes legal tender henceforth adding $10 billion to the U.S. money supply.  This is a generalization.  Nowadays, of course, the transaction would be electronic.  Like a direct deposit, etc.  97% of all money is now digital.  Government bonds are basically instruments of debt.  When the government gives the Fed. the bonds they are actually promising to pay back that money to the Fed.  So the money was created out of debt.  Money Is Debt!

It gets more crazy.  That $10 billion deposit becomes part of that bank’s reserve that can be used against or to supply additional loans given out to additional businesses and individuals.  The Modern Money Mechanics document states that all banks are required to keep a fraction or percentage of its deposits as reserve.  Ten percent is the amount stated by the MMMD (Modern Money Mechanics Document). So, $10 billion gets deposited, $1 billion of that is placed in the bank’s reserve, and the other $9 billion is considered excessive reserve and can be used to issue out brand new loans.  Now, one would think that the $9 billion is coming out of the initial $10 billion deposit.  But, what is actually happening is that the $9 billion is magically created out of the thin air.  This is how the Fed. and the banks expand the nation’s money supply.  So, when someone applies for a loan, they sign a loan document and in return, they get money that was generated from nothing.  Fiat money.  Now, when this civilian deposits the money into a bank account, the process begins all over again.

The process could continue into infinity.  On average, about $90 billion can be created on top of the original $10 billion deposit.  All out of the ether or thin air.  One has to ask, what gives a piece of paper or our dollar any value at all?  The answer is that it’s the existing money currently in the system.  So, the new money essentially robs the current currency of its value.  This devalues the U.S. dollar and also causes inflation.  When the money supply increases while the goods and services do not, when they shou7ld simultaneously, that’s when we have inflation.

When one takes a clear look at our money system, one could say that the banking system is set up to deliberately devalue our currency.  We once used a silver standard to back our money.  What are we using now to give our dollar any value?  This and many other questions need to be answered.

All gloves were off in Houston last night, as the nearly 3 hour long Democratic debate, quickly turned into a slugfest between, former VP Joe Biden, and progressive Senators Bernie Saunders and Elizabeth Warren.

Long-simmering policy disputes between the top three contenders and a slew of other candidates exploded onto the stage during the third televised Democratic primary debate, as the candidates — often with loud and angry voices – duked it out on “Medicare-for-all,” immigration, and more.

Intermittent efforts by some candidates to show unity and keep the heat on President Trump repeatedly failed, with most striving instead to score an aggressive debate “moment” onstage in Houston.

Amid the verbal sparring, Pete Buttigieg offered an exit ramp from the feuding as he criticized the Democrats for “scoring points against each other” — prompting Julian Castro to interject, “That’s called an election!”

“Yeah, but a house divided cannot stand,” Amy Klobuchar retorted, to no avail. As the candidates continued to fight with each other, instead of taking jabs at Trump, it could only leave the President smiling.

The economy, which, thanks to Trump’s policies, has performed well by virtually all major metrics in the past year, went largely undiscussed during the raucous three-hour debate. And, even as House Democrats made a push towards potentially impeaching the President this week, that topic conspicuously did not come up either.

A Rumble From the Outset

A tone of conflict was set from the very start of the contentious debate, when Biden set the agenda by going after Warren directly, saying to her, “I know the senator says she’s for Bernie,” Biden said. “Well, I’m for Barack.”

He then tossed this barb at Sanders.

“For a socialist, you’ve got a lot more confidence in corporate America than I do,” Biden shot back at Sanders when the U.S. senator from Vermont suggested corporations would return the money they currently make on high insurance premiums if his sweeping plan were implemented.

Sanders responded by referring to cancer treatment, leading Biden to sharply reply, “I know a lot about cancer — it’s personal to me.” Brain cancer killed Biden’s son Beau four years ago. 

These almost immediate clashes settled any questions about whether the top-tier candidates – meeting onstage for the first time – would be pulling any punches. Biden was clearly mindful that Warren has been surging in recent weeks and came out fighting to hold onto his frontrunner status, while several candidates continued to pile on Biden as they have at past debates.

But perhaps the night’s most heated exchange came between Biden and fellow Obama administration member Julian Castro, who tangled at length indirect and seemingly personal terms.

“I’m fulfilling the legacy of Barack Obama, and you’re not,” Castro said, referring to the millions of Americans who lack health coverage — leading Biden to respond, “That’ll be a surprise to him.”

Castro hammered Biden for claiming that individuals would not be required to buy into his health care plan in order to receive coverage.

“You just said two minutes ago they would have to buy in. Are you forgetting what you said two minutes ago?” Castro asked, a seeming pointed jab at Biden’s age. However, Biden did not say during the debate that individuals would have to buy in. Instead, Biden said that individuals would automatically be enrolled if they lost their jobs.

Joe’s Goofs and Gaffes

While Castro’s dig at Biden’s age may have seen meanspirited, the former VP was showing signs of wear during the almost 3 hours on his feet, and he did have his share of goofs and gaffes. He repeated more than once the inaccurate claim that children were not kept in cages under the Obama administration. In fact, the most widely circulated photo of children in cages in immigration detention centers, though falsely attributed to the Trump era, was taken during Obama’s presidency.

When asked how can school children be better informed and more articulate today, Biden said they should be sure to, “Play the radio. Make sure the television, excuse me, make sure you have the record player on at night, the phone…”

But perhaps he “stepped in it” the worst time of the night, when he suggested that those who commit “white collar” crime, should never see the inside of a jail cell. “Nobody should be in jail for a non-violent crime,” Biden said. “When we were in the White House, we  released 36,000 people from the federal prison system.”

As Biden continued to trip over himself, and the rest of the field ate each other up, or made outrageous statements like Beto O’Rourke’s, “yes, we are coming for you guns…” clearly, once again, he winner of the 3^rd Democratic Debate, was Donald J. Trump!

A new poll has revealed that a two-thirds majority of Americans think that the United States government should not make cash reparation payments to the descendants of slaves.

According to the Gallup poll which was conducted in June and July, 67 percent of Americans opposed the idea of providing cash payments as a form of reparations to the descendants of slaves. The percentage of Americans who supported cash reparations stood at just 29 percent – up from 14 percent in 2002. The poll revealed that 73 percent of black Americans support cash reparations.

In June, the U.S. House Subcommittee on the Constitution, Civil Rights, and Civil Liberties held a hearing on reparation where the considered HR Bill 4 – a piece of legislation which calls for the establishment of an expert committee that would study the idea of reparations and make suggestions to lawmakers.

The sponsor behind the proposed bill is Rep. Sheila Jackson Lee, a Democrat from Texas. The legislation itself doesn’t propose how descendants of slaves would be compensated.

Democrats are starkly divided on the issue of reparations. While 49 percent of polled Democrats supported the idea of cash reparations, 47 percent opposed the idea. Democrats who support the idea is up nearly 100 percent from 2002, when just 25 percent supported it.

Independents, however, weren’t so keen on the idea, with 35 percent in support and 65 percent in opposition.

Among Republicans polled, just 5 percent were for reparations, up from 4 percent in 2002. Conversely, an astounding 92 percent of Republicans opposed the idea.

Lastly, the poll also revealed a bit of a racial divide on the issue. Among black Americans, 73 percent supported the idea, while just 16 percent of white voters supported it. Hispanics were more split down the middle, with 47 percent supporting the idea and 46 percent being against it.

As the 2020 Democratic hopefuls race to see who can give away more “free stuff” to their gullible base of millennial voters, Sen. Elizabeth Warren (D-MA) just proposed a new $640 billion student college debt relief program that would also eliminate college tuition for all two and four-year public colleges.

The 2020 Democratic presidential candidate unveiled the ambitious policy proposal as she attempts to distinguish herself from the large and progressive Democrat field. Warren released the proposal ahead of a series of youth-oriented CNN town halls the other night with 2020 presidential candidates held at Saint Anselm College in New Hampshire.

“It’s a problem for all of us,” Warren said, noting that student college debt has reached more than $1.5 trillion and affects more than 40 million Americans. “It’s reducing homeownership rates. It’s leading fewer people to start businesses. It’s forcing students to drop out of school before getting a degree.”

“Pocahontas” Pandering to Young Voters

Warren’s proposal was an obvious pander to the young voters ahead of the Town Hall, but it was also a major a slap in the face to those who have already struggled to pay off their student loans without government assistance. Not to mention it would be absurdly costly, but the Democrats, particularly Warren, Sanders and their progressive ilk, have yet to realize that “free” is never really free!

But, the proposal, while fiscally untenable, makes perfect pollical sense for Warren’s attempt to break out and grab the millennial vote. Most of her fellow candidates have been using the “Free College For All” rallying cry, but millennial’s, who make a huge percentage of the current democratic base, do not much care about “free college.” They themselves are already recent grads, and they are way too young to have college bound kids. But what they do have is a mountain of student loan debt, so promising to cancel all of their debt would have a huge impact on their finances.

Right now, more than a third of millennials have student loan debt, and studies have shown that the debt is leading them to delay major life decisions including purchasing a house, saving for retirement, and even getting married and having kids.

Who’s Going to Pay For It?

What Warren is proposing is to offer debt cancellation of up to $50,000 to more than 42 million people, or 95% of those with debt. She says that will completely wipe out debt for 75% of borrowers with student loans.

The question, as always, for the Progressives and their proposals is, “who’s going to pay for it?” And the answer, as usual, is “the wealthy.”

Warren has proposed an “ultra-millionaire tax” that would annually tax wealth above $50 million at an extra two percent with an additional one percent tax on wealth over $1 billion. She says this will pay for her tuition and debt relief plan. Not only is such a tax wildly unpopular, she has gone to this well before, and thinks this same tax will also pay for her “free” childcare proposal.

But aside from the cost, her plan would be tremendously unfair to those who have been struggling for years to pay off their student loans, or went to second choice schools, or cut their living expenses to the bare bones, to be responsible, and pay their debts.

Furthermore, even if she should by some stretch of the imagination, get the nomination and win the White House, a “wealth tax” never adds up to what those who propose such things think they will, and inevitably, such “free programs” wind up with an increased tax burden on the very people they are supposed to help – the middle class.

In order to head off the typical left-wing reaction that will arrive in the wake of this commentary – that any criticism of a minority is white racism — I think it is necessary for readers to understand that I have spent a life time in active support of equality for ALL people. I have worked in the inner cities in opposition to racism in education, housing, employment, policing, public safety, public services and anywhere else it is found. I despise racism of EVERY kind.

This means that I also call out minority racism. Yes, the so-called “people of color” – blacks, Hispanics, Asians, and Native Americans – can also be racist or manifest racist beliefs in certain instances. Saying so is what will have the folks on the political-correct left calling me a racists. The kindest of them will say that I am a racist but do not realize the fact. Yep! They know better even though they do not know me and have not walked in my shoes.

You see, the radical liberal-set believes that it is not even possible for a member of a minority group to be racists. They say as much. That is because the world of the left is a place where fanciful beliefs and political advantage trump reality and common sense. That is why progressivism is more of a political religion than a social science.

According to the theory, minority folks cannot be racist because of what they call white privilege. Blacks are the victims of racism, therefore no one in the black community can be racist It is the unique sin of white folks. That is why they myopically see acts of racism only as the actions of whites against blacks.

Of course, to a rational person, with a mind that can grasp logic, racism is simply the hatred of a class of people because of their ethnicity. If a Chinese person hates Japanese as a people, that person is a racist. If a Hispanic person hates blacks that is racism. And if a black hates white people in general, that is also racism – not matter how many flawed self-serving theories are advanced.

What triggered this commentary was an incident in Georgia. As a child, I had traveled in a few southern states – although not Georgie – and saw the signs that read, “WHITES ONLY” or more directly “NO COLORED ALLOWED.” I recall seeing public rest rooms, drinking fountains and park benches labeled for whites or colored.
Thanks to the Internet I recently saw a sign that reminded me of those days of yore. The Bolton Street Baptist Church of Savannah, Georgia was the site of a political meeting regarding their upcoming mayoral election. There were two signs on the door. One read: “NO Audio or video recordings.” So much for transparency.

The second sign read: “NO Media (TV, radio, etc.). And then there was that last line: “Black Press Only!” – with that exclamation mark for emphasis. These were not some scribbled signs – the work of some malcontent racist. They were printed. They were the official statement of the organizers of the meeting – presumably the Trigon Group.

The meeting was to hear from Van Johnson, one of several black candidates opposing the incumbent white mayor of Savannah. When told by a white reporter that he was denied entrance to the meeting, Johnson apologized but said the sponsors had a right to determine who to allow into the meeting – an argument that ironically was used by white racists in the days of southern segregation.

Johnson gave an incredibly stupid solution. Perhaps he was just not thinking fast enough. He promised to hold a meeting for white reporters only – as if the best solution to black racism is white racism.

Yes, I called it black racism. That sign is racist to the core. No amount of left-wing political fantasizing or theory-posturing can change that basic fact. This kind of racist backwash against diversity and integration – two things most Americans value – is not a one off. We need to recall the trend on college campuses to create black-only events and assemblies. Blacks have been guilty of hate-crime attacks on whites – although that garners less attention from the liberal media.

For some reason, our friends on the left fail to see the irony and inconsistency in all of this. They are color blind to black racism. If they really want that dialogue on race that they so often say is needed – and I am a bit dubious because they seem to avoid it as much as possible — black racism needs to be part of the conversation. Having had many conversations on black racism with black people, I can attest to the fact that it is not as scary a subject as the left seems to think. In fact, there are a lot of black folks who will confirm the reality of black racism within their community.

While I do not believe racism is a dominant trait among the American people in general, it is still necessary to call it out when and where it rears its ugly head – as it did in Savannah, Georgia.

So, there ‘tis.

Post Script: If this were a video commentary, I would have to have Ray Charles singing “Georgia” as a closer.

One day after New York Attorney General Letitia James subpoenaed two banks for records related to four of Trump’s real estate projects and his failed bid to buy the Buffalo Bills, the president has fired back with a scathing tweet branding New York State and its Governor, Andrew Cuomo, “proud members of the group of PRESIDENTIAL HARASSERS.”
The new probe by the New York State Attorney General’s office appears to be civil and not criminal, however, the new requests add to Trump’s legal headaches from federal, state and congressional probes into his administration, campaign and businesses.
Not surprisingly, James and Cuomo are both Democrats.
Legitimate Investigation, or Witch Hunt
A person familiar with the matter says that Letitia James’ subpoenas have asked for loan applications, mortgages and other Trump financial records. The person, who gave this information to the Associated Press, wasn’t authorized to discuss the matter publicly and spoke on condition of anonymity. The move came after Trump’s former lawyer, Michael Cohen, testified before Congress last month that the president inflated his wealth in financial statements when trying to obtain funding.
Trump went on to say that in light of such “harassment,” it is “no wonder people are fleeing the state in record numbers.”
President Trump ended his response to Cuomo and James by declaring, “The Witch Hunt continues!” He’s used similar language to criticize the various ongoing investigations into his rise from businessman to president.
Cuomo Responds to Trump
Gov. Andrew Cuomo fired back at Trump’s accusations. Speaking to a gathering in Nassau County, Cuomo responded to what he called the president’s “conspiracy theory” that new State Attorney General Letitia James was personally instructed by his office to start an investigation of the president’s assets.
“The Attorney General of the State of New York is independently elected, I don’t control the Attorney General. She runs separately, Attorney General James, very qualified, great Attorney General. But he blamed me,” Cuomo said. He added that Trump is factually inaccurate in claiming in that tweet that people are leaving New York in “record numbers.”
The governor concluded his remarks on the president by pledging to “fight” Trump’s signature tax cuts “to the death.”
Interesting choice of words from a politician who supports infanticide. In January, Cuomo signed the so-called “Reproductive Health Act,” which allows a mother to abort a child practically up until the moment of birth.

A new poll may spell double-trouble for the second time around second place finisher, Senator Bernie Sanders. According to Fox News, a new poll suggests that two factors –his age and his self-identification as a “democratic socialist” could hurt the independent senator from Vermont if he ever reaches the 2020 general election.

The respected NBC News/Wall Street Journal public opinion survey tested 11 different presidential characteristics among registered voters nationwide. The most widely accepted – is an African American (87 percent said they were “enthusiastic” or “comfortable” with that characteristic), a white man (86 percent), a woman (84 percent), and gay or lesbian (68 percent).

The least popular characteristics? Being over the age of 75 (37 percent) and a socialist (25 percent).

Sanders – at 77 – is the oldest declared or potential presidential candidate in the 2020 field. And he’s been repeatedly labeled by Republicans as a socialist. So, to paraphrase that old gum commercial, that’s, “two, two, two flaws in one.”

Sanders Age is the Greater Negative Factor

Of the two problems, it seems that Sanders’ age is a more significant drawback. Looking at possible 2020 Democratic primary voters, the survey suggested that self-identifying as democratic socialist is less of a liability. Among registered Democrats only, those feeling favorable about the age characteristic remained low (36 percent). But those “enthusiastic” or “comfortable” with the socialist trait dramatically jumped to 47 percent.

The poll was conducted Feb. 24-27, after Sander’s Feb. 19 announcement that he was launching a presidential campaign. Nine-hundred adults – including 720 registered voters nationwide – were questioned by live operators. The survey’s sampling error was plus or minus 3.65 percentage points.

In an interview with CBS News as he announced his White House run, Sanders pushed back against concerns about his age, saying “you’ve got to look at the totality of a person. I have been blessed thank God,” Sanders highlighted, “with good health and good energy.”

And he added that he was “a cross-country runner, a long distance runner, when I was a kid, and I’ve been running hard, in a sense, since then.”

The senator also pushed back against being labeled a socialist by Republican President Trump.

“Bernie Sanders does not want to have the United States become the horrific economic situation that unfortunately currently exists in Venezuela right now,” he emphasized.

While the new poll raises some questions, the Vermont senator continues to score well in the latest 2020 Democratic primary polls. Thanks to his strong name recognition, Sanders places either first or second in recent national or early voting state surveys, along with former Vice President Joe Biden, who’s leaning toward a White House run.

However, the poll seems to suggest that many former Bernie supporters may no longer “Feel the Bern,” and instead feel that Sanders may just be a candle ready to burn out.

Democratic precedential hopeful Senator Elizabeth Warren was once again reminded of her Faux Pas about here “alleged” Native American heritage at a recent campaign stop. It occurred during a Warren campaign rally in Georgia.

While introducing herself to a small crowd of only about 1,000 supporters in a Lawrenceville high school, a man shouted “Why did you lie?” Warren replied back “Be easy, be easy,” while the crowd chanted her name and clapped.

According to Fox News, the man was holding up a campaign sign that read “1/2020.” After his heckling of Warren, he was quickly escorted out of the building.

Warren released DNA results examining her possible Native American ancestry last year in response to criticism from Republicans and President Donald Trump.

Just a Fraction of the Truth

That DNA test revealed she could be anywhere between 1/64th and 1/1,204th Native American. In early February, she apologized to the Cherokee Nation for taking the test, which angered some tribal leaders who felt that being a part of the nation was rooted in centuries of culture and laws, not through DNA tests.

The incident in Georgia came just days after Warren suggested President Trump “may not even be a free person” in 2020.

Warren made that particular comment at the Veterans Memorial Building in Cedar Rapids in front of a crowd of a few hundred. The Massachusetts senator argued that Democrats should resist the urge to respond to “a racist tweet, a hateful tweet, something really dark and ugly” when choosing whether or not to spar with Trump.

“Are we going to let him use those to divide us?” Warren said, according to a report from the New York Times.

“By the time we get to 2020, Donald Trump may not even be president,” she continued. “In fact, he may not even be a free person.”

When asked to clarify her statements, Warren pointed to the multiple open investigations into the president, which includes the Russia probe by Special Counsel Robert Mueller and two additional investigations led by federal prosecutors in New York and Democrats who won back the majority in the House of Representatives this past November.

Warren’s comments came after President Trump took a jab at her on Twitter shortly after she announced her presidential campaign.

“Today Elizabeth Warren, sometimes referred to by me as Pocahontas, joined the race for President,” he tweeted. “Will she run as our first Native American presidential candidate, or has she decided that after 32 years, this is not playing so well anymore?”

From its introduction in Congress, the Affordable Care Act (nee Obamacare) has been the subject of controversy.  It was sold to the public – and to a lot of members of Congress – on the improbable promises that all the uninsured would get good health coverage at a low cost – and any one could keep their doctor.  None of that turned out to be true.

To make it even marginally viable, the law had to force everyone to purchase an Obamacare health plan or face a fine.  The less they could afford, the worse the coverage and the higher the deductible.  In some cases, the annual deductible was so high – up to $6000 dollars – that a healthy young person would have zero coverage for normal health needs – like a bout of the flu or a broken arm.

While it promised health coverage for all, it expanded to less than half of the estimated 30 million Americans without insurance.  And the promise that you could keep your doctor was proven to be false as many doctors simply refused to take Obamacare patients.  Why?  Because many could not pay the deductible and Uncle Sam is a very slow payer.  It is the same reason not every doctor will take Medicate and Medicaid patients.

No promise was more disingenuous than the assurance that premiums would be low and reasonable.  Thanks to economist Robert Genetski, we can now know just how badly we the people were deceived by President Obama and his team of advisors.  This was not a mistake or an unanticipated outcome.  Obama’s senior advisor, Jonathan Gruber, later admitted that they had lied … yep, told a whopper … in order to get Obamacare passed.

Genetski recently did a formal economic analysis of Obamacare’s impact on insurance premiums.  It is worse that we thought.  The first paragraph of his report is a stunner.  He reads:

“An analysis of health insurance premiums, out of pocket expenses and deductibles indicates the Affordable Care Act (aka, ACA or Obamacare) has added $10,000 a year or more to the average family’s cost of health insurance.”

The report went on to say:

“Once the ACA was fully implemented, its impact increased the total annual cost of health insurance to individuals by $3,400 to $4,400 and to families by $10,000 to $12,000.”

According to Genetski’s report, “The US Department of Health and Human Services estimates the average premium for the most popular individual Obamacare policy increased by 182% from 2013 to 2018.”

When Obamacare took effect in 2013, the average annual premium for a family was approximately $5,000.  In a normal trajectory – not impacted by Obamacare – the 2014 average annual premium would have been in the $5,200 range.  But because of Obamacare, it soared to $7,000 per year.  If you look at 2018, the normal increase would have had the average family premium in the $6,200 range.  But thanks to Obamacare, the 2018 figure is a whopping $14,000 per year.

Thanks to Democrat obstructionism and Republican ineffectiveness, the frequent promise to repeal and replace the Obamacare failed to be realized.  The removal of the mandate requiring the purchase or facing a penalty was a step in the right direction.  Despite the political fighting, Obamacare will be replaced some day because it is currently economically not viable or sustainable.  It will crash at some point in the future – and then even its defenders will have to concede defeat

We were famously told by Speaker Nancy Pelosi that we would have to pass the legislation to see what is in it.  We did and we can now see what is in it – and it is not a pretty picture.

So, there ‘tis.