Tuesday, March 20, 2012

Rationing Panel

 Kliphnote: Remember this, we all will get old. So if you have an older mother, father, aunt or uncle and grandmother/ father or just someone you know and they are old and sick. Too bad, says Obama!

It was Obama's Director of the Office of Management and Budget, Peter Orszag: who said Obamacare will have health care rationing to save money.

‘American Doctors For Truth’ Releases New Ad: Obama Throws Granny Off the Cliff (Video)

Posted by Jim Hoft on Tuesday, March 20, 2012, 4:35 PM

Here are Orszag words.
ORSZAG: Well, let me just first pause and point out that's exactly what we just created for Medicare. So this Independent Payment Advisory Board has the power and the responsibility to put forward proposals to hit a pretty aggressive set of targets over the long term. And furthermore, the proposals take effect automatically, unless Congress not only specifically votes them down but the President signs that bill. So the default is now switched in a very important way on the biggest driver over long-term cost, which is the Medicare program.

DAVID RUBENSTEIN [President, Economic Club of Washington]: Was that explained to Members of Congress very carefully?

ORSZAG: Yes, it was and that's why this was something that was very difficult to actually - this is why I think it was underappreciated, that this is a very substantial change. Again, a lot will depend on whether it realizes its potential, and how the culture develops, but it has statutory power to put forward proposals to reduce healthcare cost growth overtime and improve quality,and those proposals take effect automatically if Congress ignores them, or if Congress votes them down and the President vetoes that bill. So in other words, inertia now plays to the side of this independent board.
No way to reduce costs unless one of the factors are the limitations on services and procedures. This is not a Death Panel, its a rationing panel.

I hate the men who would prolong their lives
By foods and drinks and charms of magic art
Perverting nature's course to keep off death
They ought, when they no longer serve the land
To quit this life, and clear the way for youth.
-Euripides 500 B.C

Oil production down 14 percent on federal land

Conn Carroll | Published: March 16, 2012    Comment on this article 4
President Obama may claim that U.S. oil dependence is at an all time low, but an Energy Information Administration report out Wednesday shows oil production is booming in spite of Obama's policies, not because of them.

U.S. oil production did reach a record high in 2011. According to the EIA's 2012 Annual Energy Outlook, the United States produced a record 5.12 million barrels of oil a day in 2011. That was up 5 percent from 4.87 million barrels a day in 2010.  
But all of that growth, and more, came from production gains on private lands. 
Oil production on federal lands actually dropped.

According to the EIA report released Wednesday, oil production on federal lands fell 14 percent last year from 726 million barrels in 2010 to 626 million barrels in 2011.

Commenting on rising gas prices, Sen. Jim DeMint, R-S.C., told CNBC yesterday, "This president, despite what he says, has suppressed our energy production, and i think that's added to the speculation that we're not going to have the supply that we need in the future. So the president has had a lot to do with our energy prices. Unfortunately, it's the only promise he's kept. He has said he wanted to increase prices. His secretary of energy has said he wanted to increase gasoline prices, and he's kept that promise."

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