Make America Great

7

Sisters

Of

Institutional Change

1.)   End the Federal Reserve

2.)   Repeal 17^th Amendment – Reinstate Federal Senators chosen by State Legislators.

1. Term Limits – Constitutional Amendment

A. Two six year terms for Senators

B. Three terms House of Representatives

3.)   Repeal 16^th Amendment – Income tax replace with value added tax.

4.)   Pass the Balanced Budget Amendment

5.)   Exit the United Nations

6.)   Reign in the Medical Industrial Complex

a. Enforce Anti-Trust Laws

b. Pass Legislation for re-importation of ethical drugs

7.)   End Federal and Private Student Loans

Half of American families are living paycheck to paycheck

Some 50% of people is woefully unprepared for a financial emergency, new research finds. Nearly 1 in 5 (19%) Americans have nothing set aside to cover an unexpected emergency, while nearly 1 in 3 (31%) Americans don’t have at least $500 set aside to cover an unexpected emergency expense, according to a survey released Tuesday by HomeServe USA, a home repair service. A separate survey released Monday by insurance company MetLife found that 49% of employees are “concerned, anxious or fearful about their current financial well-being.” 

 DYI:  The next recession these folks are toast!

One explanation: Americans are crippled under the same amount of debt as they had during the recession. The New York Federal Reserve on Monday predicted that total household debt will reach its previous peak of $12.68 trillion in 2017. The last time it reached that level was in the third quarter of 2008, during the depths of the Great Recession. Indeed, it’s already close: Total household debt in the fourth quarter of 2016 was $12.58 trillion. Fewer borrowers have housing-related debt in 2017 and, instead, have taken on auto and student loans.

DYI:  The cost of universities and colleges has sky rocketed all due to student loans for the money never stayed with the student but went to the school.  The schools went on a building boom; pumped up administration costs that translated into higher and higher tuition all paid for by ever increasing loans.  The fastest way to drop the cost of schooling is to do away with student loans ending the universities/colleges cash cow.  Tuition costs will drop like a rock; the schools will cry as if the world of higher education is coming to an end; all that will happen in order to bring in students tuition will have to drop.  Simple as that.  The student loan program may have started with best of intentions but has now morphed into a scam imprisoning our youth with unworldly amounts of debt.

One illness can push people to the brink of financial ruin. Wanda Battle, a registered nurse for four decades, was recently hit with a $100,000 medical bill. She has visited her local emergency room on more than one occasion due to severe migraines and mini-strokes. Battle, who is based near Nashville, Tenn., managed to reduce her latest hospital bill to $32,000 based on her relatively low income, but still faces $650 monthly payments for a previous $22,000 medical bill. “There were times I couldn’t work,” she told MarketWatch. “I have not held a job that is continuous.”

DYI:  For migraines and mini – strokes creating $100,000 thousand dollar bill?  Where did they treat her at the penthouse of Trump Tower in New York City??  This is a clear case where the hospital is bilking their customer/patient with a fraudulent bill!  Amazing how Market Watch doesn’t even note the extreme bill.  This is a clear example of the Medical Industrial Complex simply taking advantage.

 On the upside, President Trump inherited an economy that is far healthier in many respects than the one his predecessor inherited in 2008. The unemployment rate when President Obama took office, in January 2009, was 7.8% compared to 4.8% in January 2017, MarketWatch reported, and hit 4.5% in March 2017. What’s more, the U.S. lost 793,000 jobs during the month Obama was sworn into office, while it gained 227,000 positions in January when Trump took office. However, in March 2017, the U.S. economy only added 98,000 jobs.

DYI:  4.5% unemployment rate?  Such balderdash (I have much stronger language but I’ll keep this blog family friendly)!  Below is the ultimate in employment/unemployment straight from the Fed’s; the labor participation rate which clearly show able bodied adults working at 63% or 37% unemployed. 

DYI