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Monday, April 25, 2011

Are Medicare Costs really an issue in the Budget Defecit?

Currently every Employed American has 1.45% of every dollar earned deducted from their paycheck and that amount is then matched by the Employer.  The results are 2.9 cents for every dollar earned payed into the Medicare Fund.  In addition to those generated funds,  individuals that earned the right to receive Social Security and Medicare are now rewarded by having $96.50 deducted from their Social Security Checks each month to pay for their Medicare Benefits.  Medicare like most Insurance Plans has an out-of-pocket deductible and that is currently $250.00 per calendar year.

Are we really supposed to believe that Medicare is the reason the U.S. is in debt? 
If so, it's not Medicare that needs an overhaul.

Has this become an issue because beginning in 2013 individuals earning more than $200,000 per year will have to pay 1.9% of their income and that will have to be matched by their employer's?

Saturday, April 23, 2011

Public Utilities Commison to regulate gasoline prices!


In our dreams!

The P.U.C. regulates privately owned electric, natural gas, water, railroad, rail transit, passenger transportation companies, telecommunications and even cable televsion.  In California the P.U.C. serves the public interest by protecting consumers and ensuring the provision of safe, reliable utility service and infrastructure at reasonable rates, with a commitment to environmental enhancement and a healthy California economy. (CPUC)

How is it possible that the GASOLINE has escaped this regulation?

Tuesday, April 19, 2011

That is Billion with a "B" and Profit with a "P"!

BP (British Petroleum) announced 02/01/2011 that it would restore its dividend and that it made a fourth-quarter profit of $5.6 Billion, a 30 percent increase from the same period a year earlier.