Archive for topic “call to action”

Tell your friends: 10 reasons to kill the Senate bill

Check out this masterful cheat-sheet on the Senate bill, put together by the crack staff over at FiredogLake. Then sign the petition: Kill the Senate bill!

Top 10 Reasons to Kill Senate Health Care Bill

  1. Forces you to pay up to 8% of your income to private insurance corporations — whether you want to or not.
  2. If you refuse to buy the insurance, you’ll have to pay penalties of up to 2% of your annual income to the IRS.
  3. Many will be forced to buy poor-quality insurance they can’t afford to use, with $11,900 in annual out-of-pocket expenses over and above their annual premiums.
  4. Massive restriction on a woman’s right to choose, designed to trigger a challenge to Roe v. Wade in the Supreme Court.
  5. Paid for by taxes on the middle class insurance plan you have right now through your employer, causing them to cut back benefits and increase co-pays.
  6. Many of the taxes to pay for the bill start now, but most Americans won’t see any benefits — like an end to discrimination against those with preexisting conditions — until 2014 when the program begins.
  7. Allows insurance companies to charge people who are older 300% more than others.
  8. Grants monopolies to drug companies that will keep generic versions of expensive biotech drugs from ever coming to market.
  9. No re-importation of prescription drugs, which would save consumers $100 billion over 10 years.
  10. The cost of medical care will continue to rise, and insurance premiums for a family of four will rise an average of $1,000 a year — meaning in 10 years, your family’s insurance premium will be $10,000 more annually than it is right now.

Background information on each point:

  1. Hardship Waiver And Restrictions On Immigrants Buying Insurance Undercut Arguments For An Individual Mandate, by Jon Walker
  2. What’s in the Manager’s Amendment by David Dayen
  3. MyBarackObama Tax by Marcy Wheeler
  4. Emperor Ben Nelson: All Your Uteruses Are Belong To Me by Scarecrow
  5. The Senate Bill is Designed to Make Your Health Insurance Worse by Jon Walker
  6. Best way to “Fix It Later” Is With No Individual Mandate Now by Jon Walker
  7. The Senate Health Care Bill is Built on a Mountain of Sand by Jon Walker
  8. The Devil in Anna Eshoo’s Details by Jane Hamsher
  9. Liveblog of the Dorgan Reimportation Amendment by David Dayen
  10. Answering Nate Silver’s 20 Questions on the Health Care Bill by Jon Walker

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We must not buy federally-mandated insurance! No single-payer, no sale! No public option, no sale!

A special comment from Keith Olberman, December 16, 2009


Any law that requires an individual to pay money to a private corporation or face criminal penalty is a bad law and must be struck down. I could write pages and pages about the healthcare issues with this bill, but you need look no further than that single, salient point for solid ground to strike down this terrible bill.

In case you missed it, below you can find former Vermont Governor Howard Dean, MD and his take on the Senate bill. He is leading the “kill it” charge and drawing a lot of ire from Senators and The White House. To me, that seems to indicate that he is on the right track.

Howard Dean: “You can't vote for this bill in good conscience.” December 15, 2009


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Bernie Sanders wants to break up the banks. Let’s help!

Senator Bernie Sanders: “too big to fail” = “too big to exist”


Take a moment and read the two (2) page Too Big to Fail, Too Big to Exist Act, about to be offered by Senator Bernie Sanders (I-VT) in the United States Senate (PDF) and then read and sign the petition to Treasury Secretary Timothy Geithner. Don’t forget to tweet and facebook this as well. Unlike Saturday’s legislative abomination, this is something citizens of all stripes should be able to get behind.

Petition to Treasury Secretary Timothy Geithner

Too Big to Fail is Too Big to Exist

Financial institutions that are “too big to fail” played a major role in undermining the American economy and driving our country into a severe recession.

Financial institutions that are “too big to fail” put taxpayers on the hook for a $700 billion bailout and more than $2 trillion from the Federal Reserve in virtually zero interest loans.

Huge financial institutions have become so big that the four largest banks in America (JP Morgan Chase, Bank of America, Wells Fargo, and Citigroup) now issue one out of every two mortgages; two out of three credit cards; and hold $4 out of every $10 in bank deposits in the country.

Just five banks in America (JP Morgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley) own a staggering 95% of the $290 trillion in derivatives held at commercial banks. Derivatives are risky side bets made by Wall Street gamblers that led to the $182 billion bailout of AIG, the $29 billion bailout that allowed JP Morgan Chase to acquire Bear Stearns, and the collapse of Lehman Brothers.

The concentration of ownership in the financial services industry has resulted in higher bank fees and interest rates that consumers are forced to pay for credit cards, mortgages and other financial products.

No single financial institution should be so large that its failure would cause catastrophic risk to millions of American jobs or to our nation’s economic well-being.

No single financial institution should have holdings so extensive that its failure could send the world economy into crisis.

We believe it is time to break up the banks and insurance companies which are too big to fail.

We believe that passage of The Too Big to Fail, Too Big to Exist Act (PDF) is essential for a strong American economy and a secure future for ourselves, our children, and our grandchildren.

We urge the immediate enactment of the Too Big to Fail, Too Big to Exist Act, which directs the treasury secretary to compile a list of those financial institutions that are too big to fail in the next 90 days, and to break up these banks and insurance companies a year after the legislation is signed into law.Sign this petition!

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