Today's Daily Caller posted a story about some of the disburrsements made in the process of implementing Obamacare. The Early Retiree Reinsurance Program (ERRP) is a $5 billion grant program set up to pay health insurance for early retirees. The Washington Post has received $573,217, and CBS has recieved $722,388.
According to the article:
"The ERRP, which Republicans call a slush fund, provides taxpayer money to Obama administration-selected states, companies and labor unions with already-in-place early retiree health insurance programs, and aims to make certain that their employees who retire early still have health insurance coverage before they reach Medicare eligibility age. Almost $2 billion of the $5 billion fund, which was supposed to last until 2014, has already been distributed to corporations. New projections expect the funding to run out before the end of 2012, if not sooner."
Does anyone think that news organizations will objectively report on Obamacare when it is putting that kind of money in their pockets? Also, have you ever seen a government program that did not run out of money before the expected time?
The article further states:
"In addition to CBS Corporation and the Washington Post Company, recipients of ERRP funding include the United Auto Workers union, which secured $206,798,086 in taxpayer money, AT&T, which took in $140,022,949, and General Electric (GE), which raked in $36,607,818. GE has made headlines recently for not paying any U.S. taxes last year. IBM got $12,989,690 in taxpayer money.
"Verizon pulled $91,702,538 in taxpayer cash, too, and General Motors received $19,002,669. More than $6 million went to different Teamsters groups nationwide, and millions more went to the United Mine Workers, United Food and Commercial Workers, the AFL-CIO and the American Federation of State, County and Municipal Employees (AFSCME)."
This is a practice that needs to be stopped immediately. It doesn't even remotely pass the smell test. We really can't afford this.
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