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Sep 23, 2013 11:00 AMPublication: The Southampton Press

ObamaCare To Be Explained At Sag Harbor Chamber Event

Sep 23, 2013 11:51 AM

The Affordable Care Act, the 2,000 page law commonly referred to as ObamaCare, perhaps one of the most polarizing laws ever passed as evidenced by the 40 times the U.S. House of Representatives have voted to repeal it, will be explained to the business owners it will impact by experts in Sag Harbor this week.

The Sag Harbor Chamber of Commerce will be hosting an explanation of the health care reform package over breakfast at The American Hotel on Wednesday, September 25. While the talk will be wide-ranging and open to all who wish to attend, the focus will be on the implications of the new law on small businesses.

With the New York State health exchanges opening up October 1 for enrollment applications, the discussion will be led by Susan Morrissey of Morrissey Advisory Services in Sag Harbor. Ms. Morrissey has recently been certified by the state to sell insurance plans off the exchange and will address details and questions specific to New York's exchange program. Ms. Morrissey will address the different plans available on both the small-group market, which small businesses would be using, as well as on the individual market.

The breakfast will run from 7:30 - 9 a.m., and will cost $18 for chamber members and $25 for non-members. Reservations are required. Make a reservation by sending an email to info@sagharborchamber.com or by calling 377-2662.

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Just wondering....do you think she's read all 2000+ pages of the bill and can actually understand all the lawyer/political speak therein, let alone be able to relate it to all the poor souls stuck with this monstrsity?
By Tennyson (77), Quogue on Sep 23, 13 12:29 PM
...last word typo...should read...monstrosity.
By Tennyson (77), Quogue on Sep 23, 13 12:31 PM
Im surprised they can charge for the event. Isnt she going to recieve commsion if she writes it? sounds like double dipping. How about having people call these so called tax payer subsidized navigators who are going to help explain it.
By razza5350 (1910), East Hampton on Sep 23, 13 12:48 PM
1 member liked this comment
It would appear that Ms. Morrissey is an insurance salesperson for a private insurance agency, and that this is a private seminar for which a modest fee is being charged (including breakfast).

Would you please be more specific about why it is surprising that a fee is being charged?

Why would this situation, for a private insurance policy written "off the exchange," make her a "so called tax payer subsidized navigator" ?

Thank you.
By PBR (4945), Southampton on Sep 23, 13 1:02 PM
$25 for breakfast at the American Hotel?

Aren't the Bloody Mary's $12 a pop on their own?

Sounds about right...
By Mr. Z (11551), North Sea on Sep 23, 13 4:58 PM
1 member liked this comment
PBR..I know it's confusing but we had to pass the bill to find out what's in it. The ACA has a provision in it that offers tax payed dollars to set up appointed "navigators". These navigators are not licensed insurance brokers but are people providing guidance and advice. They are paid with federal grant money.
Ms Morrissey is not a navigator. She is an insurance broker who is compensated by the insurance company in the form of commission. Typically brokers are paid either by fee for service ...more
By razza5350 (1910), East Hampton on Sep 24, 13 12:08 AM
I realized that I used the word "rebating" in error. Rebating is giving back a portion of the purchase price or commission as an incentive to buy. I stand by everything else that I said. These so called navigators are receiving 10's of millions in grant money. They will be gathering personnal sensitive information such as SS#'s and DOB's. they do not need to have any formal traing or experience in the health care field. What could possibly go wrong?
By razza5350 (1910), East Hampton on Sep 24, 13 12:26 AM
Thank you for the reply and clarification. It is likely that the Chamber is receiving the fee to cover the cost of the facility and breakfast.

Pretty simple stuff, it would seem . . .
By PBR (4945), Southampton on Sep 24, 13 6:29 AM
I take it you haven't been to many insurance seminars. My uncle lives in Florida
By razza5350 (1910), East Hampton on Sep 25, 13 6:30 AM
My uncle lives in Florida. He attends these things all the time. He has never paid. Insurance agents almost always pick up the cost for the event as a way of attracting new business.
By razza5350 (1910), East Hampton on Sep 25, 13 6:33 AM
Very little is free at the American Hotel!
By PBR (4945), Southampton on Sep 25, 13 10:43 AM
The insurance co's are chomping at the bit waiting for Oct 1st. Their billions in profits every year is about to increase substantially!!!
By sandydog21 (195), Southampton on Sep 23, 13 1:27 PM
Doctors Brace for Surge of Ailing Patients...
Frustration Mounts,

T-MINUS 7 DAYS....... Obamacare is just another govt tax scam to milk the American people.

Please sign dontfundobamacare.c o m now. Call your Senators and Congressmen. Come on people, stand up and fight!
By 27dan (2770), Southampton on Sep 23, 13 3:03 PM
1 member liked this comment
The Hill reports that an elite group of Washington insiders stands to profit handsomely from the full implementation of Obamacare.
“More than 30 former administration officials, lawmakers and congressional staffers who worked on the healthcare law have set up shop on K Street since 2010,” The Hill reports.
When Biden leaned over (during the signing of the healthcare law) and said to Obama, ‘This is a big f’n deal,’ he was right.
By loading... (579), quiogue on Sep 23, 13 3:29 PM
1 member liked this comment
K Street needs to be razed to the ground.

Big money needs to exit from our government, and legislative process. For the first seventy years after this country was founded, there were no such things as lobbyists, or corporate involvement in civic life.

It's not that hard to understand why...
By Mr. Z (11551), North Sea on Sep 23, 13 5:01 PM
1 member liked this comment
Couldn't agree more Z but doubt we will ever see it happen
By dnice (2345), Hampton Bays on Sep 23, 13 6:07 PM
1 member liked this comment
Teabaggers, you have lost. Obamacare is here to stay. So now you can go back to beating poor kids and disenfranchising voters. Ask not for whom the bell tolls, undocumented democrat and Preliar . . .
By peoplefirst (787), Southampton on Sep 23, 13 8:09 PM
1 member liked this comment
That's it pf, get comfortable.
By dnice (2345), Hampton Bays on Sep 23, 13 8:10 PM
Not only am I comfortable, but I relish the destruction of the teaparty. Ted Cruz is hated by everyone but Sarah Palin . . . And you! The Teatard gaggle has defeated itself and the country is better off because of it. Ahhh, feels good.
By peoplefirst (787), Southampton on Sep 23, 13 8:19 PM
2 members liked this comment
" the country is better off because of it"

As if you give a crap about "evil, imperial America".
By RealityFirst (597), Bridgehampton on Sep 23, 13 9:12 PM
Hope it feels good at 545 am when the alarm clock goes of, Now, GET TO WORK!
By They call me (2754), southampton on Sep 24, 13 12:53 AM
I don't know a single business owner that considers Obamacare anything but an obstacle to hiring and pay increases. I believe that the part time job market will increase and the fulltime market will suffer big time. Spoke to someone last night who received a job offer for 28 hours per week. Hmmmm. Affordable care for who? Not small businesses. This is bad, folks. Bad regardless of name. Obamacare, Romnetyycare, Idontcare, we are all too busy fighting over wins for one side or another that we don't ...more
By double standard (1506), Remsenburg on Sep 23, 13 10:33 PM
1 member liked this comment
Sorry for spelling errors. IPad minis are for kid sized fingers it seems.
By double standard (1506), Remsenburg on Sep 23, 13 10:34 PM
Some folk are to" ignoant" to figure it out D.S. but they will in time wont they.
By They call me (2754), southampton on Sep 24, 13 12:55 AM
No typo's here:

" . . . we are all too busy fighting over wins for one side or another . . . "

Good food for thought IMO . . .
By PBR (4945), Southampton on Sep 24, 13 8:07 AM
When since the Civil War have the people not been at war with Corporations, and Religion?

If you don't know your history, you will never understand how accurate Lenny Bruce was.
Sep 24, 13 12:28 AM appended by Mr. Z
Well, in recent historical memory anyway. The "rational" have been "at war" with religion for far longer...
By Mr. Z (11551), North Sea on Sep 24, 13 12:28 AM
We need to get this bus out of the ditch and back on the road, we need to get this bus back on "Cruz control" and fast before its to late and the whole dame country is working 29.5 hours a week.
By 27dan (2770), Southampton on Sep 24, 13 1:02 AM
"There's a lot of people screwing our government."

~ Lenny Bruce

Most of those people, are Corporations...
Sep 24, 13 1:09 AM appended by Mr. Z
See 27dan for clarity...
By Mr. Z (11551), North Sea on Sep 24, 13 1:09 AM
The biggest step forward we can take as a society is to educate our populace. Washington Irving did not write a book of history. Christopher Columbus did not sail the Atlantic because the world was flat. Henry Wadsworth Longfellow did not write a book of history. Israel Bissell warned the colonies, not Paul Revere. Everyone has heard of Edison, but how many learned about Tesla? The biggest part of the problem in today's society is the "history" most people believe is a work of fiction, and total ...more
By Mr. Z (11551), North Sea on Sep 24, 13 1:16 AM
1 member liked this comment
to joe hampton:

Quote: " I am not interested in my taxes going up to "ensure anything for anybody but m[e] ...

There did you get that?"
------------------------------------
Always have done. As I have said previously, it is fundamental to every political opinion that you and your colleagues profess. Meanness as cold and absolute as zero degrees Kelvin.
By highhatsize (4146), East Quogue on Sep 24, 13 1:24 AM
2 members liked this comment
"There's a lot of people screwing our government."

~ Lenny Bruce

Most of those "people" (Citizen United), are Corporations...


The more people in the colonial, founding loop, the better...
By Mr. Z (11551), North Sea on Sep 24, 13 1:34 AM
Not meanness at all HHS, Just common sense.

I am for emergency rooms temporary local shelter and soup kitchens. But ill be dammed if I am going to be quilted into obama phones, amnesty for people who did not wait in line and preventative care all on the public nickel. have you seen the national debt ?

or do the not let you see that number on NPR
Sep 24, 13 6:14 AM appended by joe hampton
typo - guilted
By joe hampton (3391), south hampton on Sep 24, 13 6:14 AM
1 member liked this comment
Although Hat misquoted joe hampton, this phrase is stunning:

"Meanness as cold and absolute as zero degrees Kelvin."

Bingo!

Mr. Z's entire comment above (1:16 AM) is also on-point.
By PBR (4945), Southampton on Sep 24, 13 6:16 AM
I know a woman who makes $80K a year but since she is paid in cash she only reports $14,990 on her tax returns. Since she has two kids (never married, different fathers) the amount she pays in taxes = $0. She gets free food, free housing, free medical care, free phone, many other freebies from he government, and trades her WIC cards for cash to buy nice things (she is very good at playing the system). But the real kick in the gut is she gets a $4K tax return each year as an EIC. So she pays nothing ...more
By localEH (424), East Hampton on Sep 24, 13 10:44 AM
Does she have a Cadillac and a color tv as well?
By But I'm a blank! (1283), Hampton Bays on Sep 24, 13 11:15 AM
The kelvin being the primary unit of measurement in the physical sciences is a unit of measurement but unlike the degree Fahrenheit and degree Celsius, The kelvin is not referred to or typeset as a degree.

By the way Hat, I am a supporter of local property taxes to fund services and take care of locale needs beyond that I like the idea of a national VAT tax (ONLY) not in addition to the current system where everyone has skin in the game.

I would exempt food, mortgage payment and ...more
By joe hampton (3391), south hampton on Sep 24, 13 6:52 AM
HSA + catastrophic policy will work, those who get their insurance through their employer can get the yearly HSA contribution instead. This system lets the person manage their own health care. Google HSA, excellent way to take care of business!
By bigfresh (4542), north sea on Sep 24, 13 7:04 AM
1 member liked this comment
I'm by no means an expert on Obamacare or even know enough to have an opinion. My only question is if obamacare is so good why do politicians, and other connected groups fight for an exemption?
By chief1 (2765), southampton on Sep 24, 13 8:08 AM
1 member liked this comment
The Golden Rule -- He who has the gold makes the rule.

"Class Warfare" might be another catch-all phrase?

Peace on Earth.
By PBR (4945), Southampton on Sep 24, 13 8:19 AM
I think most Americans would agree that Healthcare needs to be addressed. The thing is, we have been force fed a rushed law that isn't ready for implementation. So now it's a political punching match where everyone lines up according to party. America shouldn't be a football game where you want one team to kick the heck out of the other. Yet, that's where we are. We need to address issues and find solutions. We aren't getting that and a lot of people reinforce the nonsense because they need their ...more
By double standard (1506), Remsenburg on Sep 24, 13 8:30 AM
1 member liked this comment
Sorry for the long post, but this issue has me really concerned about the future of the country.
By double standard (1506), Remsenburg on Sep 24, 13 8:31 AM
Well said.
By PBR (4945), Southampton on Sep 24, 13 9:28 AM
I think we should all have free lifelong healthcare, like congress has.
By btdt (449), water mill on Sep 24, 13 11:19 AM
Thank God for Obamacare. This program is the definition of what makes America great and that is helping those less fortunate. If you live in New York, beginning October 1st, you will be able to enroll in the exchange and purchae quality healthcare for up to 50% less than it would have cost you today. In addition, you get free preventative care and a number of other services that will reduce your meidcal costs. Having 20 million more Americans covered will lower costs for all of us. Even Republican ...more
By dagdavid (646), southampton on Sep 24, 13 5:37 PM
2 members liked this comment
I have a meeting on Friday about HCI for my company. We were using Healthy NY, a wonderful program run on the state level, but that went bye bye. So we'll see if if I'll be thanking God for Obamacare or not. We shall see...
By double standard (1506), Remsenburg on Sep 24, 13 6:08 PM
Kind of a spacy comment!
By PBR (4945), Southampton on Sep 24, 13 8:16 PM
It has not been FULLY implemented, but over the last three years it has been phased in and healthcare costs have already slowed to the lowest rate in 50 years. One half of a billion dollars have been spent by right wing extremists to spread lies about this law. Those incapable of critical thought have been extremely susceptible to those lies.

Captain A makes assertions that have no basis in reality. The fear-mongering is nothing more than a regurgitation of bs talking points. This is the ...more
By dagdavid (646), southampton on Sep 24, 13 6:08 PM
3 members liked this comment
Where's the money coming from? 20 million people don't get insured for free, right? Premiums don't go down "up to 50%" without being made up elsewhere, right? Who's paying for it?
By double standard (1506), Remsenburg on Sep 24, 13 6:11 PM
I'm asking a person to back up their claims, Philly. It's an epidemic that has afflicted you as well. To the rest of your post, well, you got me. I'm an awful business owner and like Dag, I'm thanking God that Mommy Govt is there to cuddle me when I'm cold. You, You are good. You are good, you.

Oh Philly, so filled with hate and hyperbole. I would never expect you to look on the other side of the street.
By double standard (1506), Remsenburg on Sep 24, 13 6:34 PM
I will go back and read all of your posts tonight. There 6250 of them so it may take a while. If I skip the ones that start with "You lunatics on the right" then I should only have to read 10.
By double standard (1506), Remsenburg on Sep 24, 13 7:17 PM
Double Standard, your question is a rhetorical one meant only to serve as another unsubstantiated argument. If you were really interested in how Obamacare is being financed look it up. The information is readily available. Much of the funding comes from savings in Medicare waste, unwarranted government subsidies to health care insurers and providers, and a small
Medicare tax increase on the wealthiest Americans.

The CBO says the ACA, will reduce the deficit by I trillion dollars over ...more
By dagdavid (646), southampton on Sep 24, 13 6:37 PM
1 member liked this comment
DagD - I actually wanted you to answer and wasn't baiting as much as you think. The Affordable Care Act addressed a need to cover those without insurance. However, it does not make premiums more affordable to many small businesses. In many cases, those premiums are going to increase. The result being lower wages and more PT offerings instead of FT. Lower wages = less tax revenue. Lower wages = less goods sold. And on and on we go.

I hear the same story from fellow business owners. I'm not ...more
By double standard (1506), Remsenburg on Sep 24, 13 7:16 PM
The success of the upcoming launch of the insurance exchanges will depend on how many young, healthy people sign up. If the individual mandate is not delayed, individuals are required to buy health insurance or pay a fine equal to the greater of $95 or 1% of their family salary. Because the rates are astronomical only sick people buy individual coverage in NY at the moment and they will see a fairly steep decline in prices. After year 1 the rates on the exchanges will no longer be subsidized ...more
By KevinLuss (356), SH on Sep 25, 13 6:17 AM
Americans Turn on Washington, 68% Say Wrong Track in Poll

As the U.S. heads toward a potential government shutdown or default, the public is more alienated from Washington than at any time since the aftermath of the 2011 downgrade of the nation’s credit rating.

President Barack Obama’s 47 percent favorability rating and the 34 percent positive reading for Republicans are the worst ever for both in the Bloomberg National Poll, which began in 2009. The 44 percent approval ...more
By Undocumented Democrat (2005), southampton on Sep 25, 13 7:44 AM
I am a registered Republican and want to know what plan the republicans have for healthcare? I want to know why the Democrats have all their cronie politician friends exempt? Please tell us Phil if this plan is so good why is your president exemp? The answer is because it sucks and he thinks the plan is for the little people. Believe me its just not him its all the losers in Washington from both side.
By chief1 (2765), southampton on Sep 25, 13 7:57 AM
1 member liked this comment
I cant get over what a great job elisabeth hasselbeck is doing as she settles into her new gig with the boys on fox and friends. nice job! and she looks 10 years younger since getting away from the stress of being outnumbered on the view
By Erin 27 E (1239), southampton on Sep 25, 13 8:09 AM
2 members liked this comment
Hah!
By witch hazel (224), tatooine on Sep 25, 13 9:03 AM
Just to help clarify some of the above information, besides the fines for people not buying coverage, the funding mechanisms for the Affordable Care Act include:
+.9% Increase in Medicare Tax Rate (plus next item…)
3.8% New Tax on unearned income for high-income taxpayers= $210.2 billion ($200,000 for individual and $250,000 for joint filers)
New Annual Fee on health insurance providers = $60 billion (For calculation - Sec 9010 (b) of the PPACA.)[1] - passed on to consumers.
40% ...more
By KevinLuss (356), SH on Sep 25, 13 8:17 AM
1 member liked this comment
.9% increase in medicare tax - you forgot the second part - on earned income over $200,000 ($250,000 if married).

Face it folks: Obamacare is the law. Passed by congrees, signed by the president, upheld by the US Supreme Court. You cannot defund it by shutting down the government because it is MANDATORY spending, not discretionary.

If providing insurance to 20 million Americans is as awful as you wingnuts think it is, then 2 years from now it will be a disaster and will die ...more
By witch hazel (224), tatooine on Sep 25, 13 8:34 AM
2 members liked this comment
Republicans worst fears realized: Obamacare Premiums Report Shows Low Prices For Uninsured

The average price for basic health coverage purchased on health insurance exchanges created by President Barack Obama's health care reform law will be $249 a month, not counting subsidies, in 48 states reviewed by the Department of Health and Human Services, according to a government report published Wednesday.

The health insurance exchanges, marketplaces for uninsured people and consumers ...more
By SidViscuous (26), on Sep 25, 13 9:50 AM
Every industry who has a lobbyist in Congress engages in legalized racketeering.

Will someone burn K Street to the ground already...
Sep 25, 13 10:34 AM appended by Mr. Z
Senate Democrats have begun work on a government funding bill which would cause the so-called “Monsanto Protection Act” to expire at the end of the month. Let's see if the whores who walk K Street manage to kill it...
By Mr. Z (11551), North Sea on Sep 25, 13 10:34 AM
1 member liked this comment
to Captn America:

["sigh"] An unattributed cite to another vacuous report by the "Fair and Balanced" network.

Fox provides us with no information about this family other than that they paid $333 for family insurance and will have to pay $965 should they stay with Humana.

Here's what we DO know, the family is currently paying a premium that is but 25% of the average family insurance premium ($16,000+) for families in company-sponsored plans. Moreover, they are buying on ...more
By highhatsize (4146), East Quogue on Sep 25, 13 3:29 PM
We need to raise interest rates
By They call me (2754), southampton on Sep 25, 13 4:54 PM
We can not afford this fetid ,steaming pile of feces Phil! The country is in debt with a POTUS spending other people's money like a gangster in a crack house. Just another handout to the freestuffers.
By bigfresh (4542), north sea on Sep 25, 13 4:58 PM
1 member liked this comment
STOP PRINTING MONEY IT IS CUASING THE DEVALUATION OF THE DOLLAR

IT IS LIKE STEALING IN REVERSE!

$ 1 6 , 7 4 0 , 2 4 8 , 7 8 0 , 3 8 4 . 9 5
By They call me (2754), southampton on Sep 25, 13 5:01 PM
1 member liked this comment
Two more company's I do business with closed up in the last week the reason the owners told me was the same. To hell with this I am not busting my ass for nothing If you need me I will be fishing one in Florida the other in South Carolina. I bet almost 300 people lost there jobs.Stay tuned Its gonna get worse
Sep 25, 13 5:06 PM appended by joe hampton
Sorry ment to say in the last month
By joe hampton (3391), south hampton on Sep 25, 13 5:06 PM
Oh joe,

So much drama . . .

It will work out fine, and yes, there is still some adjusting to do, as one would expect when building a new race car for the next decade or two.

BTW the US team just overcame an 8-1 deficit to win the America's Cup over the Kiwis by 9 races to 8, a result considered impossible by "the experts."
By PBR (4945), Southampton on Sep 25, 13 5:22 PM
So to rap up todays events...McCain, proves once again he is an ass

Thank god for Cruz and Paul who just have won the future for the GOP they have shined light on the fact that 67 % of the American people want to stop spending money we don't have! Cruz explained that Obamacare is unpopular – that Americans don’t want the law to go into effect – but that Congress and the White house do not care!



Sep 25, 13 5:35 PM appended by joe hampton
America's Cup ??? Did you ever try watching baseball? America's Cup I would call me friend Lorenzo W. from Bridgehampton and buy him a croissant but the poor man passed away last year. That Frenchman would have been the only other person I know besides you who gives a dam
By joe hampton (3391), south hampton on Sep 25, 13 5:35 PM
Liver and brussel sprouts are good for you.

Not like you mother ever cared you hated them...
By Mr. Z (11551), North Sea on Sep 25, 13 9:14 PM

Dear God, how long have we waited for someone to grow a backbone? Thank you Senator Cruz!

The most impressive thing in this longest defense of liberty as the nation has ever seen, was how he did all of this without a teleprompter! he made good point after good point on why we need to kill this law, Ted speaks from the heart.
By 27dan (2770), Southampton on Sep 25, 13 5:49 PM
1 member liked this comment
" The recovery is slow "

By philathome (6264), Southampton on Sep 25, 13 6:06 PM
By 27dan (2770), Southampton on Sep 25, 13 6:07 PM
I
Sep 25, 13 7:14 PM appended by highhatsize
s there any doubt that Ted Cruz should be the Republican nominee for president in 2016? Let's go Ted!
By highhatsize (4146), East Quogue on Sep 25, 13 7:14 PM
"The recovery is slow because"
By philathome (6267), Southampton on Sep 25, 13 6:06 PM

Because, because, because, I think Dans point was that you admitted it, You admitted that after 5 years in office "The recovery is slow "

Then you attempt to qualify why it is so horrible, lol

Fact is Obama squandered his first 2 years in office,

Phil has stated that he cannot get anything done because of the Republicans in Congress, even though Democrats had complete ...more
Sep 25, 13 7:42 PM appended by Undocumented Democrat
Obama promised to be transparent, cut the federal deficit and be the President of red states and blue states – instead he has spent more than any other U.S. president in history, has been a mean spirited divider of the population pitting one group against another and setting the Nation back wards.The Debt rose $4.899 trillion during the two (Post 9 -11) terms of the Bush presidency. It has now gone up a whopping $ 8 trillion since Obama took office. Doesn't take a rocket scientist to see what is going on here.
By Undocumented Democrat (2005), southampton on Sep 25, 13 7:42 PM
Lobbyists don't exist in UD's world.

It's all the president's fault.
By Mr. Z (11551), North Sea on Sep 25, 13 9:40 PM
Isn't "Green Eggs and Ham" about a fool who claims he doesn't like them, but never tried them? Then, it turns out all the fighting was a waste of time and energy?

I guess that irony was lost on Ted Cruz's blistering intellect...
By Mr. Z (11551), North Sea on Sep 26, 13 12:51 AM
1 member liked this comment
THE NATION IS IN TOO MUCH DEBT TO ADD THE MONSTROSITY OF OBAMACARE!!!!! Whatever happened to "dissent is patriotic"? Any leftists care to comment?
By bigfresh (4542), north sea on Sep 26, 13 7:04 AM
Reaganomics is why we're in so much debt.

Maybe they should apply themselves to getting rid of that. And, before you try and deny it, its a FACT that the national debt began it's skyrocketing trend in about 1985. Facts are facts, except if you're and objectivist...
By Mr. Z (11551), North Sea on Sep 26, 13 9:39 AM
Politics 101. Repubs add to the debt through tax breaks. Dems through added entitlements. Reagan tried to cut entitlement spending to no avail. Obama wants to raise taxes.
By razza5350 (1910), East Hampton on Sep 26, 13 10:49 AM
2 members liked this comment
Thats B.S. Mr Z and you know it, It started with Clinton's red lining policies, Clinton, Reverand lol Jackson and Cuomo giving out mortgages to people who should not have gotten them in the first place, all in the name of social justice.

That's why we are in so much debt, Greedy Wall Street just did what it does best it took advantage of a bad situation by bundling those garbage mortgages that the Clinton administration provide in the first place.

...more
By 27dan (2770), Southampton on Sep 26, 13 2:52 PM
Sorry, it's not BS and the charts and numbers exist to prove it.

If I could post pictures, I would. Might make things easier around here...

Is PhotoBucket still around?
Sep 26, 13 6:30 PM appended by Mr. Z
The slight uptick in the debt begins in the early seventies after we went off the gold standard. The frequency increases after 1980, and once Reagan appointed Greenspan to the Treasury the **** hit the fan. That's straight from the U.S. Dept. of the Treasury numbers via the Financial Management Service. It's history, it's fact, and it's incontrovertible. Sorry to obliterate your mythos...
By Mr. Z (11551), North Sea on Sep 26, 13 6:30 PM
And, as far as "giving out mortgages to people who should not have them", that was because of a financial practice of securitization. Securitization allows for people who make mortgage loans NOT to be responsible for them for the entire period of the note. Instead of the lender holding the mortgage for ten, fifteen, or even thirty years, they make the commission, and "pass the buck". It has existed since the seventies as an economic practice.

Ignorance is not a reason, or an excuse to ...more
Sep 26, 13 8:43 PM appended by Mr. Z
Pardon me, how could I forget the brainchild himself, Martin Feldstein. You might remember him from the Reagan Administration.
By Mr. Z (11551), North Sea on Sep 26, 13 8:43 PM
Z. The Gvt set the rules that enabled the mortgage mess. They were warned but didn't listen. Clinton should take the brunt of the blame for creating the legislation that created the mess. The idea that everyone should have a home whether they can afford it or not is a democrat one. I am frankly amazed at how you constantly put democrats on a pedastal. As a supposed self described independent i dont think i can find you making one negative comment concering s democrat out of you 6,000 posts. could ...more
By razza5350 (1910), East Hampton on Sep 26, 13 9:43 PM
I've always stated I'm Independent. Always have been, always will be.

What Clinton did would not have been possible without the cast of characters who created "Reaganomics". They laid the groundwork, and were the ones who pushed and lobbied Congress to pass the GLBA. They created the legislation which allowed for the S&L scandal. Heck, Wendy Gramm was not only the head of the CFTC from 1988-1933. She allowed the change in definition of a physical hedger which allowed speculation to ...more
Sep 26, 13 10:08 PM appended by Mr. Z
1988-1993. AND, the letter from J. Aron (Goldman Sachs subsidiary) in1991 requesting the change, and said change in commodities rules was CLANDESTINE. It only came out as public knowledge years later during Congressional hearings. Yet again, your average Republican at work in the financial sector.
By Mr. Z (11551), North Sea on Sep 26, 13 10:08 PM
Phil Gramm - Republican
Jim Leach - Republican
Thomas Bliley- Republican

GLBA
By Mr. Z (11551), North Sea on Sep 26, 13 10:20 PM
Clinton was in office for 8 years. Obama will be in office for 8 years. You blame everything on Reagan??? How does that reflect on Obama and Clinton's leadership. If Reagan messed everything up so badly why couldn't they fix it? The dems controlled the house and senate for periods of time under both administration. Obama chose to ram this massive 1 trillion plus health care bill down our throats instead. As an independent why do you constantly attack everything the repubs do and never in 6000 plus ...more
By razza5350 (1910), East Hampton on Sep 27, 13 8:55 AM
You don't have top notch reading comprehension skills, do you? BTW, this is post 4912.

Under Clinton, the deficit was reduced. Under Clinton, gross national debt as a percentage of GDP dropped. Under Reagan (debt tripled)/Bush 1 the debt rose markedly. Under Reagan, small banking was destroyed, S&Ls were created, and TBTF was born. I also forgot to mention that Wendy Gramm was on the board at ENRON. Obama's administration has reduced the deficit, but been handed a level of debt which ...more
Sep 27, 13 11:43 AM appended by Mr. Z
"for a short duration at Citigroup. Y'know the ILLEGAL merger which was legalized ex post facto by the GLBA, which Greenspan, a REPUBLICAN, gave a free pass to for a year."
By Mr. Z (11551), North Sea on Sep 27, 13 11:43 AM
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List of philandering presidents (that we know of):

Dwight D. Eisenhower
Franklin D. Roosevelt
William Jefferson Clinton
Thomas Jefferson
Warren Harding
Alexander Hamilton
John F. Kennedy

Honorable Mentions:

Benjamin Franklin
Strom Thurmond
Newt Gingrich
Sep 27, 13 11:55 AM appended by Mr. Z
Add: Lyndon Johnson
By Mr. Z (11551), North Sea on Sep 27, 13 11:55 AM
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Z its ok you are who you are. You are not an independent. You are a tax and spend liberal. The debt and deficit are created by two major items. total revenue and total spending. In typical liberal fashion you only address revenue. Obama has added another huge entitlement program that will cost well over 1 trillion dollars and your solution is just increase revenue to pay for it. The mind of a liberal at work.
By razza5350 (1910), East Hampton on Sep 27, 13 4:34 PM
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This comment has been removed because it is a duplicate, off-topic or contains inappropriate content.
By Mr. Z (11551), North Sea on Sep 27, 13 6:05 PM
1 member liked this comment
This comment has been removed because it is a duplicate, off-topic or contains inappropriate content.
By Mr. Z (11551), North Sea on Sep 27, 13 8:49 PM
LOL They should have left your comment up. The fact you said it and the fact Phil approves only validates my statement. With that said I don't hate the hater and wont resort to childish name calling.
By razza5350 (1910), East Hampton on Sep 28, 13 1:45 AM
Properly addressed descriptive adjectives are not "name calling" in the adult world. Some persons around here should try emigrating to it sometime. Your above statement trying to play the part of a victim doesn't behoove you. How blissful thou art.

You, like the Tea Party and other extremists don't have a clue as to what this country was founded upon, cling to your mythos, and don't grasp that those egalitarian values have been betrayed. It's OK to be who you are, just don't expect the ...more
Sep 28, 13 11:15 AM appended by Mr. Z
And, maybe you should try a compromise, unlike the natural Republican nature. Raise taxes, AND cut spending. It erased a 27 billion dollar deficit in Cali, and created a surplus...
By Mr. Z (11551), North Sea on Sep 28, 13 11:15 AM
properly addressed adjectives are not name calling? According to who? You? Even though you claim to be an independent that post (with the exception of the addendum) was straight out of the liberal playbook.
I for one am admittedly a dinosaur. I consider myself 1st and foremost a fiscal conservative. If you want to label me a tea party "extremist?" because I believe in a more limited role in GVT especially on the federal level. I am a registered republican but am more of an independent than ...more
By razza5350 (1910), East Hampton on Sep 28, 13 1:24 PM
That post, and others are the factual truth by the numbers, and by the book. Whatever you want to label it doesn't matter. And, I voted for Pataki, Thiele, and even Kenneth LaValle if you would like to go round for round.

A limited role is one thing. A lack of proper rules and regulations leading to uncontrolled anarchy, obfuscation, hoarding, and chicanery in markets, corruption of the legislative process, and fiscal disaster is another. I can't make those statements or the history ...more
Sep 28, 13 2:26 PM appended by Mr. Z
“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it” ~ Frederic Bastiat, "The Law" (1850)
By Mr. Z (11551), North Sea on Sep 28, 13 2:26 PM
And, for good reference I should add that Treasury Secretary Andrew Mellon reduced top tax rates from 77% in 1921, 1924, 1926, and 1928. Mellon opined that lower rates would spur economic growth and jobs. By 1928, the top rate was scaled down to 24% and the income threshold for paying this rate fell to $100,000 ($1 million 2007 dollars). Socioeconomic disparity skyrocketed, then, in 1929 the market crashed.

Sound like a familiar narrative?
Sep 28, 13 4:31 PM appended by Mr. Z
Lesson #1: Keep your bankers on a tight leash, and your corporations chained to a rock a great distance from your government.
By Mr. Z (11551), North Sea on Sep 28, 13 4:31 PM
Lavalle? LOL you must regret that one. Even I didnt vote for him. He is another poster boy (like bishop) for term limits. I'll give you Pataki but is Thiele even a republican? I never said I wasn't for the Gvt regulating things. I did say i am in favor of entitlement reform and shrinking the size and scope of the federal GVT. It is my opinion that things are done more efficiently at the local level. In regards to your statement on taxes...comparing the 1920's to today is apples and oranges.
By razza5350 (1910), East Hampton on Sep 29, 13 10:32 AM
I do want to add that I'm not bashing you. You have very strong conviction in your beliefs and I respect that. Several of your arguments such has the glass seagal act have merit and are worth discussion. What I find odd is that you never address spending or entitlement reform and several of your posts are right out of the liberal left play book yet you claim to be an independent. At least we know exactly where Phil is coming from. If Anthony wiener were running as a republican he would vote democrat.
By razza5350 (1910), East Hampton on Sep 29, 13 10:37 AM
At least one knows they are not alone with regret in a democratic Republic. You have hundreds, if not thousands to keep you company who cast a vote for a particular candidate. I usually tend to see both sides of an argument, and my friends often ask my advice because I have the rotten habit of making logical sense.

As far as "entitlements" go, I believe that if you are a contributing member of society, pay your dues, taxes, and give back, there should be a "safety net" to catch you if ...more
Sep 29, 13 12:30 PM appended by Mr. Z
And, the comparison of both Depressions, yes BOTH, one had a "bailout" the other did not, is highly feasible. Baseline being, the Federal Reserve, Treasury, and lack of proper regulation caused both.
By Mr. Z (11551), North Sea on Sep 29, 13 12:30 PM
This comment has been removed because it is a duplicate, off-topic or contains inappropriate content.
By dagdavid (646), southampton on Sep 26, 13 8:05 AM
Why is Ted Cruz not on the Senate health plan?

"Members of Congress are afforded top-notch, well subsidized health plans, but they're nothing compared with those provided to the people who make the real decisions in the U.S.

Top Wall Street executives get some of the best health coverage on the planet. Cruz's wife, Heidi Nelson Cruz, is a regional head of a Goldman Sachs division.

According to a 2009 New York Times report, top executive officers and managing directors ...more
By progressnow (556), sag harbor on Sep 26, 13 8:18 AM
Ted Cruz says he's not. “I’m happy to tell you now I am eligible for it and I am not currently covered under it,” Cruz responded, diverting the conversation to an uninsured diabetic woman that Durbin had mentioned earlier.
By dagdavid (646), southampton on Sep 26, 13 10:57 AM
Ted Cruz, who spent 21 hours on a faux-filibuster meant to boost his presidential prospects among the 5% of Americans that agree with him, said, "A vote for cloture is a vote for Obamacare." So how did he vote on cloture yesterday? He voted yes. Thank you, Mr. Cruz, for your vote.
By dagdavid (646), southampton on Sep 26, 13 10:59 AM
" The recovery is slow "

By philathome (6264), Southampton on Sep 25, 13 6:06 PM




Sep 26, 13 2:27 PM appended by 27dan
$ 1 6 , 7 4 0 , 2 4 8 , 7 8 0 , 3 8 4 . 9 5
By 27dan (2770), Southampton on Sep 26, 13 2:27 PM
1 member liked this comment
Stay out of my pocket jack!
By They call me (2754), southampton on Sep 26, 13 3:23 PM
Americans are sharply divided on the issue, but a poll released late Wednesday showed that a slight plurality would rather keep the Affordable Care Act than repeal the law.

According to the latest United Technologies/National Journal Congressional Connection Poll, 49 percent said that Congress should keep the 2010 law widely known as Obamacare "because it's important to reduce the number of Americans without insurance" while 44 percent said it should be repealed "because the government ...more
By dagdavid (646), southampton on Sep 26, 13 2:55 PM
United Technologies/National Journal Congressional Connection Lollll

Really ? Thats almost as good as Phil's cut and paste from the Popular Resistance Newsletter last week lol

Here is the results of the latest poll be a real company,

President Barack Obama's job approval rating is at a two-year low, according to a New York Times/CBS poll released on Wednesday.

According to the Times, 49 percent of the population disapproves of Obama’s job performance, "and ...more
Sep 26, 13 3:27 PM appended by They call me
Like Dan Said $ 1 6 , 7 4 0 , 2 4 8 , 7 8 0 , 3 8 4 . 9 5
By They call me (2754), southampton on Sep 26, 13 3:27 PM
1 member liked this comment
The mortgage crisis was ENTIRELY the fault of those who took out mortgages that they had no way of paying back!! No one put a gun to their heads and said "sign the papers" on an adjustable rate mortgage or one with a balloon payment or one for 125% of the value of the property or the always popular no income check mortgage. The folks that DEFAULTED are to blame for the crash. A mortgage is a legally binding contract entered into by two parties, if you sign it ,you're responsible.
By bigfresh (4542), north sea on Sep 27, 13 6:32 AM
Sorry, it's not that simple.

But, we can note a few people who are...
Sep 27, 13 12:54 PM appended by Mr. Z
“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it” ~ Frederic Bastiat, "The Law" (1850)
By Mr. Z (11551), North Sea on Sep 27, 13 12:54 PM
What is wrong with soup kitchens ?

" The recovery is slow "

By philathome (6264), Southampton on Sep 25, 13 6:06 PM


$ 1 6 , 7 4 0 , 2 4 8 , 7 8 0 , 3 8 4 . 9 5
By 27dan (2770), Southampton on Sep 27, 13 9:59 PM
I decided I do have to add to my above response.

Bigfresh, what you and your fans failure to comprehend is that the vast majority of the ARM mortgages "The Maestro" preached everyone should hold WERE AFFORDABLE.

They did not become unaffordable, and defaulted on until Greenspan raised the Federal Funds interest rate from the 1% level which drove the real estate boom during late 2005 through his resignation in 2006 when it rose to 5.25%. This had the effect of doubling, tripling, ...more
By Mr. Z (11551), North Sea on Sep 28, 13 9:02 PM
1 member liked this comment
Link to excel program showing advanced tax credit and premiums for individuals and families making less than 400% of poverty level based on user input:
http://www.healthbenefitexchange.ny.gov/
By Duckbornandraised (184), Eastport on Sep 27, 13 3:15 PM
" The recovery is slow "

By philathome (6264), Southampton on Sep 25, 13 6:06 PM


Our kids elementary education came in government schools and their secondary education was paid for by either their parents or the government. At no time were they responsible for their lives. Someone else paid for it and told them they had a "right" to an education.

The idea of having to produce the things that they consumed goes against their life experience. Everything that they have ...more
By 27dan (2770), Southampton on Sep 27, 13 10:06 PM
So, you're condemning irresponsible parents?

Public education is one of the greatest achievements in recent history, though it has fallen into great disrepair.

Please do get over yourselves. Millions have paid their own way through a post secondary education, and are wise enough not to be "hard core Libertarians".
By Mr. Z (11551), North Sea on Sep 27, 13 10:25 PM
College student calls Ted Cruz out for lying about him in anti-Obamacare speech
By Mr. Z (11551), North Sea on Sep 27, 13 11:20 PM
Cruz
Liberals are passionate in their scorn for him — which tells you how worried they are.

" The recovery is slow "

By philathome (6264), Southampton on Sep 25, 13 6:06 PM


By 27dan (2770), Southampton on Sep 28, 13 12:30 AM
If by scorn you mean being intolerant of a bald faced liar, then yeah, there's plenty of scorn for him to go around...
By Mr. Z (11551), North Sea on Sep 28, 13 1:32 AM
That's the best you got for him?! You cannot let him get away with that. You've got him on the ropes and in my opinion you are about to convert him to your way of thinking. Do not let up now. That IS the goal correct?
By Masticator (6), southampton on Sep 28, 13 5:57 AM
What I believe is irrelevant.

The facts are there for one's acceptance, or not.

I choose to share information, it's an individual's choice to believe it, or not.
By Mr. Z (11551), North Sea on Sep 28, 13 8:42 PM
Remember when your boy Barry said that if you like your insurance you can keep it?Well, it turns out that He is nothing but a bald faced liar!!!! I just received a notice from my insurance carrier stating that as of Jan 1, my policy is to be cancelled since it does not qualify under the ACA. These changes will include a core set of comprehensive benefits, more cost sharing choices and new premiums.. WhT A CROCK, I HAD A HIGH DEDUCTIBLE CATASTROPHIC POLICY COMBINED WITH A HSA (HEALTH SAVINGS ACCOUNT) ...more
By bigfresh (4542), north sea on Sep 28, 13 9:53 AM
1 member liked this comment
Hey like Phil's boy told you... "You gotta eat your peas"
By joe hampton (3391), south hampton on Sep 28, 13 10:01 AM
Have you price checked your options prior to your rant?

Let's see how much more, if not less, your options will cost before going off on a wild tangent.

If this Act is so horrible for the majority, it will be repealed via public outcry. If you're in the minority, well, that's just the way the cookie crumbles, right bf?
By Mr. Z (11551), North Sea on Sep 28, 13 11:24 AM
It's just plain wrong that the government can dictate what kind of health insurance I can or can not have. There is a revolution coming
By bigfresh (4542), north sea on Sep 28, 13 3:44 PM
1 member liked this comment
There is a revolution coming and the reason is the debt

The Outstanding Public Debt as of 28 Sep 2013 at 11:51:11 PM GMT is:


$ 1 6 , 7 4 2 , 3 1 2 , 3 9 1 , 6 4 4 . 0 2


" The recovery is slow " By philathome (6264), Southampton on Sep 25, 13 6:06 PM





By They call me (2754), southampton on Sep 28, 13 7:53 PM
Detroit trustees doled out nearly $2 billion in UNdisclosed holiday "bonuses" to Detroit city workers and retirees negotiated by the city and its unions.
The union-brokered $2 billion bonus revelation comes as President Barack Obama sent a White House delegation led by Attorney General Eric Holder to Detroit on Friday to announce a $320 million aid package. Damned republicans.
By loading... (579), quiogue on Sep 29, 13 10:42 AM
1 member liked this comment
LOL
By joe hampton (3391), south hampton on Sep 29, 13 11:30 PM
Sometimes y'all do inspire me. "Penned" this tonight. A little new, and some old. It's gotten well over a hundred total "Likes" and climbing out in the social media world from here to Cali, so I'm reasonably sure it can't be a total pile of dreck...

The system is broken, and the system is rigged. Driven by propaganda, the lies are now believed as truth. If you're well heeled enough, you'll do no time for the crime.

Truth is that a limited role of government is one thing. A lack ...more
By Mr. Z (11551), North Sea on Sep 29, 13 12:25 AM
2 members liked this comment
Forget all of that history Mr Z. We have grown our economy very slowly in the last 30 years based on lowering interest rates. We are now at the bottom of the rate cycle and basically have no growth. The question is what does the government do to spur growth. The cheap money is here and we have record people going on welfare and federal assistance. This is by no fault of one party. It is the fault of both parties trying to get re elected making promises that cost billions.Neither party has a plan ...more
By chief1 (2765), southampton on Sep 29, 13 10:57 AM
2 members liked this comment
Revolution does not necessarily require violence. If you forget history, it will be repeated.

Even a narrow revolution requires a mass mobilization of people. It requires a significant amount of "manpower" and a broad use of media. It requires a fundamental change in societal convention. Unfortunately, most of the Fourth Estate as of late are not objective journalists, but simply zealots with their own agenda. If the cuts to welfare go through, you may find that revolution mobilizing. ...more
By Mr. Z (11551), North Sea on Sep 29, 13 12:11 PM
Or government overstepping its' authority. IMHO that will mobilize the population more than the rhetoric of class envy. By forcing the productive members of society to kow tow to almighty Barak, peace be upon Him, the government has stepped over the line. Unfortunately there are a lot of freestuffers that will benefit from this debacle. Are there enough fed up people to effect a change? Not sure but time will tell.
By bigfresh (4542), north sea on Sep 29, 13 12:44 PM
1 member liked this comment
If only I could post photos.

Get back to us when you understand the relationship between Federal capital gains taxes, income disparity, national debt, and historical trends over the last ninety years. You may be able to manage a sole proprietorship, but you and your cohorts have no comprehension of broad scale economics. All you ever spout is far right fundamentalist propaganda. I'm sure you already know where you can put your class envy card, and actually even pulling it speaks volumes.

Try ...more
Sep 30, 13 1:37 AM appended by Mr. Z
Oligarchy and Plutocracy have been reborn in this country, and y'all defend it like a bunch of sycophantic morons. It staggers the imagination...
By Mr. Z (11551), North Sea on Sep 30, 13 1:37 AM
1 member liked this comment
Sen. John Barrasso Sunday said that ObamaCare insurance exchanges set to go live this week “are being held together right now with duct tape and chicken wire.”

The physician said on CNN’s “State of the Union” that consumers are in for a case of sticker shock, adding that Americans will have difficulty finding a doctor to care for them.

“The president made a lot of promises.



By 27dan (2770), Southampton on Sep 30, 13 9:28 AM
" The recovery is slow " By philathome (6264), Southampton on Sep 25, 6:06 PM

By 27dan (2770), Southampton on Sep 30, 13 9:23 AM
Real World info from a small business owner.
Obama- "You can keep what you have."
False. Healthy NY has been dissolved.
There will be cost savings in the exchanges - True as far as monthly premiums go. Factor in the limited coverage and deductibles and then it's a dog.
End result: To keep the same level of insurance that we have had here, minus prescription drug and dental, the increase per family plan is $3700 per year and $1120 per individual. Total increase in premiums for my ...more
By double standard (1506), Remsenburg on Sep 30, 13 10:20 AM
2 members liked this comment
Phil does not give a rats # * ! about you or your small business!

You didn't build that!

After all Like Pelosi said " You gotta pass the bill to see whats in it"

And now that you see whats in it .

Like Barry Said " Your just gonna just have to eat your Peas"

Elections have consequences people. Tried to warn yall, but you where to wrapped up in electing the first black president.
By They call me (2754), southampton on Sep 30, 13 1:35 PM
Phil is a lost cause as he follows the Democratic flag wherever it flies, and is so blinded by hatred of everything Republican that he accepts and defends anything that's presented under the Dem flag. Business owners don't have the luxury of clinging to ideology, as it's dollars and sense that are our focus. So here we are.
I think I'll try the following when employees ask for raises next year.
"Can I have a raise?" My reply "Who did you vote for in November?" Answer "Obama." My reply "Then ...more
By double standard (1506), Remsenburg on Sep 30, 13 3:01 PM
Most popular question at healthcare.gov: How to get exemption from lack-of-coverage penalty fee?
By Undocumented Democrat (2005), southampton on Sep 30, 13 1:47 PM
1 member liked this comment
Anyone know if having an HSA and depositing 6k peer yerr per family will still be allowed by der Fuhrer?
By bigfresh (4542), north sea on Sep 30, 13 3:44 PM
CNNs BANFIELD: You passed a bill back to the Senate saying defund Obamacare.

ROHRABACHER: This is the same thing we're putting up with with the Senate. We offer a compromise. They won't even talk to us about it. You won't even talk to us about it. Whose bidding are you doing? We have offered the compromise. We don't like Obamacare, they like it, we have reached out half-way to them, put on the table a proposal, passed a resolution to keep the government going. They opposed the resolution ...more
By Undocumented Democrat (2005), southampton on Sep 30, 13 6:54 PM
The only thing you need to know about Obamacare is that nobody who passed it wants anything to do with it for themselves or their loved ones.
By BiListren (7), East Hampton on Oct 1, 13 6:05 AM
1 member liked this comment
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