Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (147021)	11/13/2014 12:32:02 PM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

During the S&L crisis, there were many banking criminals put in jail and many of those criminal banking enterprises were shut down. This time around...all of the big banks are still operating with the same leaders in place and they have simply been fined peanuts as a percentage of the criminal profits they have made. Obama appointed Holder and Holder has been not just incompetent, but quite literally a protector of criminals. Those are facts not open to dispute, unless you want to rewrite history. And in a further stupidity, Obama's position on immigration is creating another rape of the taxpayer. How in hell is it ok for new immigrants to receive Medicaid, when they haven't paid one penny in taxes? This simply is not sustainable. I'm all for expanded legal immigration for immigrants who are willing to pay into the system. However, we can't even afford to pay these benefits to citizens who work and pay taxes, much less to new immigrants who don't pay a penny into the system. Obama is about to try to grant amnesty to 5 million illegals. Who the hell will pay for that? I think the Democrats should pay for that and leave the rest of us alone. Democrats are just complete morons when it comes to finances. No way anyone with competence in business would sanction these kinds of policies. --------- Report: 42 percent of new Medicaid signups are immigrants, their children BY SUSAN FERRECHIO \| NOVEMBER 13, 2014 \| 1:00 AM Immigrants and their U.S.-born children make up more than 40 percent of new Medicaid recipients at a cost of $4.6 billion, according to an analysis of government data. The Center for Immigration Studies, a low-immigration advocacy group, released a report early Thursday that found both legal and illegal immigrants and their minor children made up 42 percent of Medicaid growth from 2011 to last year. Part of the increased enrollment came as a result of the new healthcare law’s expansion of Medicaid to impoverished and low-income adults. “The high rate and significant growth in Medicaid associated with immigrants is mainly the result of a legal immigration system that admits large numbers of immigrants with relatively low-levels of education, many of whom end up poor and uninsured,” the report says. "This fact, coupled with the extensive supports we provide to low-income residents, unavoidably creates very significant costs for taxpayers.” The report was issued as President Obama prepared to unveil his executive action to reduce deportations and allow more illegal immigrants to remain in the country. According to CIS officials, most of the immigrants tallied in the report entered the United States legally. The report also found that two-thirds of the Medicaid recipients were the adult immigrants and not the children of immigrants born in the United States. The report makes the case that immigrants and their children are benefiting more from Medicaid expansion than non-immigrants. The report found that 25 percent of immigrants and their children were enrolled in Medicaid, compared to 16 percent of non-immigrants and their children. The report also determined that Medicaid expansion helped decrease the number of uninsured immigrants and their children from 28 percent in 2011 to 23 percent in 2013. Comparatively, 11 percent of non-immigrant adults and their children were uninsured in 2013 thanks to Medicaid, compared to 13 percent in 2011, which represents a much less significant decline. The data was culled from the U.S. Census Current Population Survey’s Annual Social and Economic Supplements.