History will remember how often and adamantly President Barack Obama insisted that the socialized medicine law he signed last week would reduce the federal deficit. It will be his defining lie. “This legislation will also lower costs for families and for businesses and for the federal government, reducing our deficit by over $1 trillion...
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Archive for March 31st, 2010
Obama’s Defining Lie
Chechen militant claims Moscow subway blasts
A Chechen militant claimed responsibility for the deadly attacks on the Moscow subway in an Internet message posted Wednesday, hours after two more suicide bombers struck southern Russia in brazen defiance of Prime Minister Vladimir Putin. Doku Umarov, who leads Islamic militants in Chechnya and other regions in Russia’s North Caucasus, said in a...
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Democrats Accused of Trying to ‘Intimidate’ Firms for Airing Health Care Concerns
The CEOs of some of the country’s biggest companies are being summoned to Washington to defend claims that the health care reform law would cost them millions — a move Republicans say amounts to intimidation.
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AT&T Sees $1 Billion Healthcare Related Charge
NEW YORK (Reuters) – AT&T Inc said on Friday it would record a $1 billion non-cash charge for the current quarter related to the new U.S. health care reform law, as lawmakers called on the company and three other large employers to testify about expected cost hikes. AT&T’s charge appeared to be the largest...
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The ObamaCare tax hike that loses five times what it brings in
We turn to the Wall Street Journal for the math on what it will cost to raise taxes on corporations’ retiree prescription drug coverage. This is the provision that has caused several corporations to take markdowns recently. The bottom line: by closing this “loophole” — which was originally created to dissuade companies from dumping...
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Boeing to Recognize Charge Associated With Health Care Law
CHICAGO, March 31 /PRNewswire-FirstCall/ — Boeing (NYSE: BA) today announced that it expects to recognize an income tax charge of approximately $150 million as a result of the recently enacted Patient Protection and Affordable Care Act, as modified by the Health Care and Education Reconciliation Act. Beginning in 2013, Boeing will no longer be...
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US test-fires Trident missile in drill with Saudis
CAIRO – A Western military official says the United States has test-fired a submarine-launched ballistic missile capable of carrying nuclear warheads during a joint military exercise with Saudi Arabia. The official said the Trident missile launch was carried out Wednesday in the kingdom but would not give a precise location. He spoke on condition...
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Iran’s top nuclear negotiator heads to China
Iran’s state media says the country’s top nuclear negotiator is heading to China to discuss possible U.N. sanctions against Tehran over its disputed nuclear program. Iranian state television reported Wednesday that Saeed Jalili will travel to China Thursday for talks with senior Chinese officials “concerning the nuclear program.” The U.S. and other Western powers...
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CIA: Iran capable of producing nukes
Iran is poised to begin producing nuclear weapons after its uranium program expansion in 2009, even though it has had problems with thousands of its centrifuges, according to a newly released CIA report. “Iran continues to develop a range of capabilities that could be applied to producing nuclear weapons, if a decision is made...
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Texas Town on High Alert as Mexican Town Across Border Braces for Cartel Gun Battle
Residents of a small Mexican border town under siege by at least one of the country’s most notorious drug cartels are fleeing into a tiny Texas community, which is on high alert and preparing for a surge of illegal immigrants should a street battle break out with another cartel – or if gunmen begin...
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