It’s okay to be a “Conspiracy Theorist,” when Maddow instructs you, it’s okay to be one!

12160 | “Last week while being questioned again in Florida,” said Maddow, “something went very, very wrong and he ended up dead.”
Infowars

SHOCK, CONSTERNATION AS KRUGMAN PROVEN WRONG AGAIN: California health insurance premiums to spike 64 to 146 percent

And the former Enron adviser had such a stellar track record of predictions until now, what with advocating a housing bubble and praising the Euro in the last decade alone.

Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%


Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums… But the data [it just] released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent.

…Last week, Covered California—the name for the state’s Obamacare-compatible insurance exchange—released the rates that Californians will have to pay to enroll in the exchange…

…That Obamacare more than doubles insurance premiums for many Californians is especially ironic, given the political posturing of the President and his administration in 2010. In February of that year, Anthem Blue Cross announced that some groups (but not the majority) would face premium increases of as much as 39 percent. The White House and its allies in the blogosphere, cynically, claimed that these increases were due to greedy profiteering by the insurers, instead of changes in the underlying costs of the insured population…

So, to summarize: Supporters of Obamacare justified passage of the law because one insurer in California raised rates on some people by as much as 39 percent. But Obamacare itself more than doubles the cost of insurance on the individual market. I can understand why Democrats in California would want to mislead the public on this point

I’m actually looking forward to the full implementation of Obamacare in January. Everything we warned the drones about — and more — will unfold in very short order. As Max Baucus described it: a train wreck.

And Nancy Pelosi will need a couple more facelifts from the stress, I suspect. But maybe those are covered under her plan.

Doug Ross @ Journal

THE GENIUS OF DEMOCRAT LEADERSHIP: Illinois Credit Rating, Already Lowest Among the 57 States, Will Fall Further–Moody’s

I could point out that Illinois is on the road to becoming a giant version of Detroit. But I won’t. I’ll simply point to this ominous report from Crain’s Chicago Business.

Illinois’ credit rating with Moody’s Investors Service, already the lowest of any state, could fall if there is no legislative fix to address the state’s huge public pension problem, an analyst at the credit rating agency said on Friday… “Our view is that failure to enact pension reforms could drive the state’s general obligation bond rating lower from A2, which is already the lowest level for a U.S. state,” said Moody’s analyst Ted Hampton.

…House Speaker Michael Madigan and Senate President John Cullerton are at odds over how to approach reform. Madigan’s bill opts for unilateral cuts in retirement benefits for current and retired state workers, teachers, legislators, and college and university employees to reap the maximum cost savings.
Cullerton is pushing a bill passed by his chamber that would generally allow workers to retain access to state-sponsored healthcare in retirement if they opt for pension concessions.

Cullerton’s plan, which has the backing of public labor unions, would shave the state’s nearly $ 100 billion unfunded pension liability by only $ 9.13 billion. Madigan’s bill, which the unions have vowed to challenge in court on constitutional grounds, would cut it by $ 21 billion, according to actuarial analyses by the state’s pension funds.

…A lower credit rating would raise Illinois’ cost for borrowing in the U.S. municipal bond market, where investors already demand hefty yields for the state’s general obligation bonds… Illinois’ so-called credit spread over Municipal Market Data’s benchmark triple-A scale for the muni market was 140 basis points in the latest week. That is the second widest spread after Puerto Rico among major muni debt issuers tracked by MMD. The credit spread for California, which has taken steps to deal with its financial problems, is roughly a third the size of Illinois’ at 46 basis points.

When the final collapse of the Illinois state government comes — and it’s when, not if — the war between the public sector unions and their Democrat sponsors will truly be something to behold. The union rank-and-file will never, ever get all of the insanely rich benefits they were promised in exchange for their votes. And the Democrats will try to evade responsibility for the fiscal tsunami that they’ve unleashed on their voters.

When that happens, you can look for me here. I’ll be the one making popcorn.

Hat tip: BadBlue News.

Doug Ross @ Journal

Eric Holder’s Long History Of Lying To Congress [IBD]

Guest post by Investors Business Daily

Scandal: Before he lied to Congress while under oath about what he knew about targeting reporters, he lied about Fast and Furious. As early as the New Black Panthers case, Eric Holder had a problem with the truth.

That the House Judiciary Committee is investigating whether Attorney General Eric Holder lied under oath during his May 15 testimony on Department of Justice (DOJ) surveillance of reporters comes as no surprise. People have forgotten about the New Black Panther case, perhaps the most clear-cut case of voter suppression and intimidation ever. On Election Day 2008, New Black Panther Party members in military garb were videotaped intimidating voters outside a Philadelphia polling place.


The slam-dunk prosecution of these thugs was dropped by Holder’s Justice Department. When asked why, Holder, on March 1, 2011, testified before the House Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies that the “decisions made in the New Black Panther Party case were made by career attorneys in the department.”

Holder lied, for the decisions were made by political appointees. J. Christian Adams, a former career DOJ attorney in the Voting Rights Section, testified before the U.S. Civil Rights Commission that it was Associate Attorney General Thomas Perrelli, an Obama political appointee, who overruled a unanimous recommendation for prosecution by Adams and his associates.

Documents obtained by Judicial Watch and a ruling by Judge Reggie B. Walton of the U.S. District Court for the District of Columbia in response to a suit brought by the group show that “political appointees within DOJ were conferring about the status and resolution of the New Black Panther Party case in the days preceding the DOJ’s dismissal of claims in that case.”

Fast forward to Fast and Furious, the Obama administration’s program to “walk” guns across the border and into the hands of Mexican drug cartels in furtherance of its gun control agenda.

“When did you first know about the program officially I believe called Fast and Furious? To the best of your knowledge, what date?” House Oversight Committee Chairman Darrell Issa asked Holder in sworn testimony on May 3, 2011. “I’m not sure of the exact date, but I probably heard about Fast and Furious for the first time over the last few weeks,” was Holder’s response.

Holder lied: A July 2010 memo shows Michael Walther, head of the National Drug Intelligence Center, told Holder that straw buyers in Fast and Furious “are responsible for the purchase of 1,500 firearms that were then supplied to the Mexican drug trafficking cartels.”

House Judiciary Committee Chairman Lamar Smith, R-Texas, said other documents indicate Holder began receiving weekly briefings on the program from the National Drug Intelligence Center on or before that date.
In an exchange with Sen. Pat Leahy on Nov. 8, 2011, Holder admitted his May 3 testimony was inaccurate when he said he knew about Fast and Furious for a “few weeks.” He later changed that to a “couple months.”

But the memo from Walther referring to Fast and Furious in detail was sent directly to Holder on July 5, 2010 — not a “couple months” before he testified in May.

No surprise then on May 15, 2013, before the House Judiciary Committee, Holder lied when he said: “In regard to potential prosecution of the press for the disclosure of material, this is not something I’ve been involved in, heard of, or would think would be wise policy.”

He personally signed off on James Rosen’s warrant. Holder’s defenders say the statement is technically correct because he never meant to prosecute Rosen, only to find the leaker. If so, then he lied to a federal judge.

Similarly, Holder’s testimony to the House Judiciary Committee that he had recused himself from the Associated Press leak investigation that led to the blanket seizure of call records is not backed up by a formal recusal letter, which is required under such circumstances.

So we have at least four counts of lying to Congress by the chief law enforcement officer of the United States.
When did the lies begin? Looks like right after he took the oath of his office.

Hat tips: Investors Business Daily and Michael Ramirez (Cartoon).

Doug Ross @ Journal