Political Quotes

“I will read the first sentence and then a couple of other items from it. The headline is ``Uncovered: New $2 billion bailout in Obamacare.'' Here is the first sentence in the story: Investigators for the House Energy and Commerce Committee have discovered that a little-known provision in the national health care law has allowed the Federal Government to pay nearly $2 billion to unions, state public employee systems, and big corporations to subsidize health coverage costs for early retirees. Then the article goes on to point out that they discovered this in oversight hearings of an obscure agency known as the CCIO, or the Center for Consumer Information and Insurance Oversight. The idea under the law apparently was to subsidize unions and States and companies that had made commitments to provide health insurance for workers who retired early. They point out that there was a $5 billion appropriation in the bill, and at the rate of spending by this agency they will burn through the entire $5 billion as early as 2012. And where is the money being sent to? Well, by far and away, the biggest single recipient is the United Auto Workers Labor Union, which so far had received well over $200 million. Other recipients include AT&T, Verizon, General Electric, General Motors Corporation, and a few State public employees retirement systems.…”