The Postal Service Lost $3.9 Billion Last Year – Bartender Ocasio Cortez Wants to Give Them Banking Duties

The U.S. Postal Service (USPS) finished fiscal year 2018 nearly $4 billion in the red — a whopping 44 percent increase in losses from the previous year. This was despite a revenue increase of more than a billion dollars. Now the former alcoholic drink slinger Ocasio Cortez wants them to run like banks. Mike LaChance at American Lookout reported: […]

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UnitedHealth Exits Most ObamaCare Exchanges, Citing Over $1 Billion In Losses

by JOHN HAYWARD UnitedHealth, America’s largest health insurance provider, says it will exit from most ObamaCare exchanges next year, citing more than $1 billion in losses. CEO Stephen Hemsley says his company “cannot continue to broadly serve the market created by the Affordable Care Act’s coverage expansion due partly to the higher risk that comes […]

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Leftist Professor: Obamacare Will Bankrupt the U.S

By Cliff Kincaid One topic of conversation in the Republican race for the White House has been whether President Obama has been incompetent, or actually knows what he’s doing. On the matter of Obama’s Patient Protection and Affordable Care Act, commonly known as the Affordable Care Act (ACA) and Obamacare, self-declared socialist Professor Gerald Friedman […]

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Greece to crash out of the Euro?

Greece should brace itself for some form of capital controls, say analysts at Credit Suisse. As Greece has closed the door on making a deal with its international creditors, we can expect urgent fiscal control measures to come in from Monday. Here’s more from a Credit Suisse note sent on Friday: “A “No deal” scenario […]

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Fourth hospital closes due to Obamacare payment cuts

Health Law’s Impact Has Only Begun. The fourth Georgia hospital is closing its doors due to severe financial difficulties caused by Obamacare’s payment cuts for emergency services. The Lower Oconee Community Hospital is, for now, a critical access hospital in southeastern Georgia that holds 25 beds. The hospital is suffering from serious cash-flow problems, largely […]

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Obama Increases debt by a Record $328 billion in one day after reopening the Government!

This president having no shame, and dong what he pleases to fast-track the United States into bankruptcy  Obama pathetically spend so much on Thursday that on that day alone the debt increased by some $300 billion dollars. It was the first day the federal government was able to borrow money. Obama wasted no time in […]

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California’s net worth at a negative $127.2 billion

Were California’s state government a business, it would be a candidate for insolvency with a negative net worth of $127.2 billion, according to an annual financial report issued by State AuditorElaine Howle and the Bureau of State Audits. The report, which covers the fiscal year ending June 30, 2012, says that the state’s negative status — all of its assets […]

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