Financial Tyranny: ‘We the People’ Are the New Permanent Underclass in America

Americans can no longer afford to get sick and there’s a reason why. That’s because a growing number of Americans are struggling to stretch their dollars far enough to pay their bills, get out of debt and ensure that if and when an illness arises, it doesn’t bankrupt them. This is a reality that no amount of partisan political bickering can deny. Many Americans can no longer afford health insurance, drug costs or hospital bills. They can’t afford to pay rising healthcare premiums, out-of-pocket deductibles and prescription drug bills. They can’t afford to live, and now they can’t afford to get sick or die, either.

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Show Notes

Helaine Olen, “Even the Insured Often Can’t Afford Their Medical Bills,” The Atlantic

Mark Betancourt, “The Devastating Process of Dying in America Without Insurance,” The Nation

Robert Pear, “Why Do Health Costs Keep Rising? These People Know,” The New York Times

Ester Bloom, “Here’s how much the average American spends on health care,” CNBC

Dan Mangan, “Most popular Obamacare plans cost average of 34 percent more for 2018,” CNBC

Zachary Tracer, “Rising Health-Insurance Costs Are Eating Into Employees’ Paycheck Gains,” Bloomberg

Dan Mangan, “We spend more than any developed country on healthcare and have less to show for it,” CNBC

Laurie Meisler, “Americans Die Younger Despite Spending the Most on Health Care,” Bloomberg

Lauren Gelman, “10 Wildly Overinflated Hospital Costs,” Reader’s Digest

“10 Ridiculously Overpriced Hospital Costs,” MBA Medical

Jayne O’Donnell, “Feds’ Obamacare site does biggest business yet, while about half of people can pay $0,” USA Today

Robert Pear, “Health Law Tax Penalty? I’ll Take It, Millions Say,” The New York Times

Kathryn Vasel, “6 in 10 Americans don’t have $500 in savings,” CNN

Ester Bloom, “Here’s how many Americans have nothing at all saved for retirement,” CNBC

Jim Powell, “John Locke: Natural Rights to Life, Liberty, and Property,” FEE

Dennis Hevesi, “Irwin Schiff, Fervent Opponent of Federal Income Taxes, Dies at 87,” The New York Times

Melissa Block, “A History Of The Income Tax,” NPR

Linda Greenhouse, “Supreme Court Ruling Supports Tax Protester,” The New York Times

U.S. Debt Clock

Drew Desilver, “5 facts about the national debt,” Pew Research

Uri Friedman, “Fighting Terrorism With a Credit Card,” The Atlantic

Jack Moore, “The Cost of War for the U.S. Taxpayer Since 9/11 Is Actually Three Times the Pentagon’s Estimate,” Newsweek

Gillian Kiley-Brown, “Post-9/11 U.S. war costs will soon top $5.6 trillion,” Futurity

Jeanne Sahadi, “The financial cost of 16 years in Afghanistan,” CNN

Linda J. Bilmes, “Iraq and Afghanistan: The US$6 trillion bill for America’s longest war is unpaid,” The Conversation

Alex Ward, “Trump is sending more than 3,000 troops to Afghanistan,” Vox

Dwight D. Eisenhower, “The Chance for Peace” (Apr. 16, 1953)

Financial Tyranny: ‘We the People’ Are the New Permanent Underclass in America

Battlefield America: The War on the American People

Rutherford Institute

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Comments

  1. bruinschuss says:

    When my daughter was born I was insured through state insurance. Apparently my newborn wasn’t though, and they hit me with a $2000 bill in her name that my insurance inexplicably wouldn’t cover. My husband isn’t an American, he was just visiting for work. He was shocked at the level of financial insecurity we had in the US. I’d lived a childhood and nearly a decade alone through the recession and poverty and have become more or less numb to financial stress. It was new to him though, and he ‘d spend night after night sleepless, and pick his own fingernails off.
    We don’t live in the US anymore. I never want to go back, and I never would but I have family to support. Despite four decades of service as a fireman my father lives in an RV with my mother because the state pensions were gutted. They can’t afford the retirement they planned on and somebody has to pony up. It’s only by some miracle the industry I trained in is finally hiring and paying a living wage after 15 years of doldrums.
    Everything there is so unfair. It’s set up to beat you down, and eat the young. Everywhere there are predators looking to pick your pocket. Everything is a scam. It’s the most vulnerable that suffer the most, and we’re directed to beat them down and dehumanize them rather than feel sympathy for their suffering.
    America is the McMansion. Built on credit, enormous, ostentatious, impressive at a distance, and yet on closer inspection rotten, cheap, bloated, and poorly constructed. You wonder how much longer a house like that can continue to stand before collapsing on the occupants?

  2. David Creighton says:

    What frustrates me is when we talk about lowering the taxes which really are not being spent on us everyone on the left starts screaming that we are helping rich people. The RICH PEOPLE are the ones that want everyone paying lots of taxes, because they are the ones that bills the govt. We are talking about healthcare here. Of course it does not take $5K a day to hospitalize someone. It just doesn’t. Most medical procedures or hospital stays could easily be handled by much lower infrastructure & amount of people. When you go to the hospital the nurse does just about everything. The doc walks in taps a chart & nods.

    I know it’s not that simple, but we need different options. We need to stop the conglomeration. We need to be able to set up health care areas that maybe you sign away rights of a sort to sue or something. I don’t know what it is. But there has to be a better way to provide without the skim off the top. I think the bottom line for that has to be deregulation & breaking up not just “monopoly” but ANY large corporation (or NGO).

    Rambling but frustrated :^)

  3. God bless Newsbud! Thank you for your work, wish I could find more people who are awake like this where I live. I’m very excited to see us as a nation mend the folly of these broken fools.

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