Archive for bailout

Alex Jones: Secret Bilderberg Agenda Leaked by Mole

Posted in Alex Jones, Big Brother, Net Neutrality with tags , , , , , , , , , on June 9, 2011 by saynsumthn

FULL STORY HERE

The elite now meeting behind closed door in the Switzerland are pushing for a wider war and incalculable suffering in the Middle East.

The money masters have long profited from war and mass murder. Nathan Rothschild made a financial bet on Napoleon at the Battle of Waterloo and while also funding the Duke of Wellington’s peninsular campaign against Napoleon. The House of Rothschild financed the Prussian War, the Crimean War and the British attempt to seize the Suez Canal from the French and also financed the Mexican War and the Civil War in the U.S.

In addition to worrying about Congress waking up to the Libyan scam, the global elite is also concerned about a diverse liberty movement that has grown exponentially with the help of an open and free internet.

In response, the pocketed pawns in Congress have introduced a raft of bills over the last few months designed to take down the internet and blunt its impact as a medium for alternative news and information….

Finally, the Bilderbergers will work on an effort to sucker an already economically besieged American public into further fantastic debt producing bankster bailouts, specifically for Greece, Ireland, Portugal, and other member EU nations sliding toward bankruptcy and social disruption on a monumental scale.

Will US Taxpayers get the same deal on “flexibility” as bailedout Banks?

Posted in Czar with tags , , , , on April 13, 2011 by saynsumthn

this just in from Reuters:

U.S. Pay Czar Allows AIG Flexibility with Pay Packages at AIG
The U.S. pay czar will allow bailed-out firms American International Group, Ally Financial and General Motors to be flexible with their compensation packages for certain high-paid employees, according to letters released on Friday.

The Obama administration’s pay czar must give her stamp of approval on pay packages for the top 100 earners at the four remaining companies that have received exceptional government assistance from the $700 billion Troubled Asset Relief Program.

Patricia Geoghegan, TARP’s special master for executive compensation, already reviewed the pay packages for the top 25 executives at the bailed-out firms. According to Friday’s letters, the compensation structure for the next 75 highly paid employees was approved with minor modifications.

A significant portion of compensation must be based on performance in order to win Geoghegan’s blessing.

Under the law, pay packages are subject to restrictions and must be approved by Geoghegan to ensure that taxpayers are not excessively rewarding executives at companies that received the most government help.

Another news agency reports that Acting Assistant Treasury Secretary Timothy G. Massad said some banks who received BAILOUT funds from the Federal Government, will repay their loans with money from another federal program, the Small Business Lending Fund, which was created to encourage smaller banks to make loans to small businesses. – Will taxpayers be able to get these loans to save theior homes and pay their taxes?

But the Washington Post reports that Linus Wilson, an assistant professor of finance at the University of Louisiana at Lafayette who has analyzed TARP data noted that 164 small banks and credit unions that had received TARP funds — nearly a quarter of those that got aid — missed their most recent TARP repayments. He also said that despite TARP’s positive results, it had posted far lower returns than private investors who made similar investments.

One of TARP’s harsher critics remains Neil Barofsky, the outgoing special inspector general for the program. He has disparaged the handling of the lack of transparency and the handling of TARP, particularly the Home Affordable Modification Program, or HAMP.

“It fulfilled its promises to Wall Street, as reflected in the return to record profitability of the nation’s largest banks,” Barofsky said in his testimony on Capitol Hill this week. “But unfortunately, it’s failed to live up to some of its promise to Main Street.”

Barofsky often has warned that TARP could leave a legacy of “moral hazard,” meaning that financial firms might take more risk in the future if they think the government will step in during a crisis.

So…the banks get a BAILOUT and lag time to repay the loans- will you get one when you do your taxes on April 15th…Just say’n?

Tim Hawkins Song: The Government Can

Posted in Socialism, Songs with tags , , , , on November 9, 2010 by saynsumthn

Vodpod videos no longer available.

Tim Hawkins – The Government Can, posted with vodpod

Bailouts, banks, fraud, audits, and Planned Parenthood

Posted in Defund Planned Parenthood, Financial mismanagement, Medicaid Billing Practices, Planned Parenthood with tags , , , , , , , , , , , on October 6, 2010 by saynsumthn

Vodpod videos no longer available.

Bailouts, banks, fraud, audits, and Planned Par…, posted with vodpod

New report shows almost 5million aborted by eugenic founded tax payer financed organization birthed from Klan speaker

Planned Parenthood Drastically Increases Abortions, Decreases Adoption Referrals in 2008
by Katie Walker/ American Life League
Released September 10, 2010
Washington, DC (10 September 2010) – American Life League has revealed that Planned Parenthood Federation of America committed 324,008 abortions in 2008 – a 6.1-percent increase over 2007, reported ALL vice president Jim Sedlak.

The total number of abortions committed by Planned Parenthood since it first began in New York state in 1970 is now 4,987,817.

While abortions are on the rise at Planned Parenthood, adoption referrals declined to just 2,405 – a staggering 51-percent drop since 2007. Thus Planned Parenthood now commits 134 abortions for every adoption referral.

“Keep in mind that Planned Parenthood is a business making a very clear business decision,” said Rita Diller, national director of ALL’s Stop Planned Parenthood International (STOPP) project. “Abortion is its most lucrative ‘service,’ and like all businesses, Planned Parenthood is simply maximizing its profits from its primary moneymaker. This becomes macabre when one stops to consider that Planned Parenthood is in the business of killing preborn children. Each one of those 324,008 abortions took the life of a unique, innocent and unrepeatable human person.”

Planned Parenthood is the nation’s largest single abortionist – committing 26.8 percent of the estimated 1.21 million abortions in the United States in 2008. Planned Parenthood also runs the nation’s largest abortion chain, with over 300 medical and surgical abortion facilities across the country.

Despite the increase in abortion, Planned Parenthood showed a decline in a number of other areas, including a drop of four percent (almost 100,000 visits) in its primary customer base – female birth control customers.

While Planned Parenthood often emphasizes that it is the only provider of health care in many areas of the nation, primary-care patients accounted for only one-tenth of one percent of its business in 2008.

_________________________________________________________________________________________________________________________

HISTORY:

Planned Parenthood founder, Margaret Sanger, was a member in good standing with the racist American Eugenics Society. Sanger had board members who were known for their racist writings and Sanger published many of those in her publications. She also associated with people who praised the German Nazi Party leader- Adolf Hitler. Sanger called for parents to have a QUOTE: LICENSE TO BREED controlled by people who believed in her eugenic philosophy. She wanted all would be parents to go before her eugenic boards to request a “PERMIT TO BREED“.

Margaret Sanger said, “More children from the fit, less from the unfit — that is the chief aim of birth control.” Birth Control Review, May 1919, p. 12 ( ***OPPS there is that RACIST and Hateful Code Word !)

In Margaret Sanger’s, “Birth Control and Racial Betterment,” Feb 1919. Birth Control Review , Library of Congress Microfilm 131:0099B .

Sanger states, “Before eugenists and others who are laboring for racial betterment can succeed, they must first clear the way for Birth Control. Like the advocates of Birth Control, the eugenists, for instance, are seeking to assist the race toward the elimination of the unfit. Both are seeking a single end but they lay emphasis upon different methods.

Eugenists emphasize the mating of healthy couples for the conscious purpose of producing healthy children, the sterilization of the unfit to prevent their populating the world with their kind and they may, perhaps, agree with us that contraception is a necessary measure among the masses of the workers, where wages do not keep pace with the growth of the family and its necessities in the way of food, clothing, housing, medical attention, education and the like.

We who advocate Birth Control, on the other hand, lay all our emphasis upon stopping not only the reproduction of the unfit but upon stopping all reproduction when there is not economic means of providing proper care for those who are born in health.While I personally believe in the sterilization of the feeble-minded, the insane and syphilitic, I have not been able to discover that these measures are more than superficial deterrents when applied to the constantly growing stream of the unfitEugenics without Birth Control seems to us a house builded upon the sands. It is at the mercy of the rising stream of the unfit…

Sanger also called for those who were poor and what she considered to be “morons and immoral‘ , to be shipped to colonies where they would live in “Farms and Open Spaces” dedicated to brainwashing these so-called “inferior types” into having what Sanger called, “Better moral conduct”.

I consider that the world and almost our civilization for the next twenty-five years, is going to depend upon a simple, cheap, safe contraceptive to be used in poverty stricken slums, jungles, and among the most ignorant people. Even this will not be sufficient, because I believe that now, immediately, there should be national sterilization for certain dysgenic types of our population who are being encouraged to breed and would die out were the government not feeding them.
Planned Parenthood Founder, Margaret Sanger, 1950

In addition, Planned Parenthood’s top award is called the Margaret Sanger Award, despite the fact that Sanger was an admitted Klan speaker. This is what Sanger wrote in her autobiography, “I accepted an invitation to talk to the women’s branch of the Ku Klux Klan…I saw through the door dim figures parading with banners and illuminated crosses…I was escorted to the platform, was introduced, and began to speak…In the end, through simple illustrations I believed I had accomplished my purpose. A dozen invitations to speak to similar groups were proffered.” (Margaret Sanger: An Autobiography, P.366)

Who are the UNFIT which Planned Parenthood’s founder, Margaret Sanger was talking about? Does the NAACP and Hilary Shelton care to know? Find out in the powerful documentary Maafa21 in exposing the 21st Century Black Genocide (Clip below)

_____________________________________________________________________________________________________________________________________________
HOW YOUR TAX DOLLARS ARE BEING USED BY PLANNED PARENTHOOD:

The New York Times is reporting: I.R.S. Looks at Finances of Planned Parenthood By KATHARINE MIESZKOWSKI 9/2/2010

The criminal division of the Internal Revenue Service is looking into the finances of Planned Parenthood Golden Gate, while the organization has brought in forensic accountants to evaluate its books.

The local nonprofit became Golden Gate Community Health on Friday, as the national Planned Parenthood organization stripped the Bay Area clinics of their affiliation, citing financial and administrative problems.

“It’s exactly the same entity with just a different name,” said Therese Wilson, interim chief executive of the new organization.

Agents for the criminal division of the I.R.S. interviewed a former employee of Planned Parenthood Golden Gate on Tuesday at the Oakland field office, in response to a complaint he had lodged.

That informant, who declined to be named for fear of how it might affect his future job prospects, said he raised concerns about the financial relationship between the organization and its political arm, as well as about accounting practices.

Jennifer Fong, a special agent for the I.R.S., declined to comment on whether an investigation was under way. “We don’t give specific details as to what we do to evaluate or investigate information we receive,” Ms. Fong said.

According to the Bay Citizen:

On October 21, 2008, 30 clinicians and doctors who work for PPGG sent a “letter of concern” to CEO Dian Harrison. The letter was also copied to Cecile Richards, the president of Planned Parenthood, and other executives at the national organization.

In the letter, the clinicians detail a myriad of problems in the organization, including their concerns about “the misappropriation and mismanagement of PPGG’s funds.” The letter accuses the executive staff of profligate spending during lean times:

Executive staff’s personal expenditures are excessive and are not aligned with the mandatory fiscal restrictions. Flagrant use of PPGG funds to pay for personal belongings, personal services and exorbitant technology products is seemingly unchallenged and not subject to the same financial scrutiny that clinic supplies and staff salaries are, for example.
_________________________________________________________________________________________________________________________________

The IRS should consider the fact that news of Planned Parenthood Golden Gate’s pattern of fraud, misappropriation of funds, mismanagement may not be a one time occurrence. In fact, I believe that the IRS should investigate all the offices since they get millions of tax dollars per year from the government?

Here are my reasons:

In 2008, Planned Parenthood cut ties with several South Florida offices for accusations of “terrible mismanagement and possibly fraud,” alleged sexual harassment against a former CEO, and a rumor that its 2006 annual report was plagiarized:

The July 2, 2008 Miami Herald article entitled, Planned Parenthood cuts ties with 5 clinics
reported this:

One of the nation’s best-known groups of health centers has permanently shut down a cluster of clinics in Broward and Palm Beach counties.

Planned Parenthood officially severed its ties Monday with five local clinics — four in Broward and one in Boca Raton — whose top administrator has acknowledged a history of “terrible mismanagement and possibly fraud.”

The disaffiliation allowed the national organization to wash its hands of the local chapter once known as Planned Parenthood of South Palm Beach and Broward Counties.

The chapter is dealing with many problems, including harassment complaints and possible misuse of nearly $450,000 — slightly less than they received in public funding in 2005.

“All these issues are now issues that they will have to face without us,” said Karen Ruffato, vice president of operations for the Planned Parenthood Federation of America.

The attitude has angered Ruth Lynch, the former Broward chapter’s CEO, who said the national organization bailed out before the local chapter could resolve its problems.

Lynch, who replaced former CEO Mary Capobianco in March, said that within two weeks of her arrival she found she could not account for $440,000 of the chapter’s $3 million budget.

“We take responsibility that there was horrible management,” Lynch said. “But that was then. This is now. We have a new board.”

CHAPTER’S PLANS

Lynch said that the chapter’s board of trustees plans to eventually open and continue medical services at the five clinics — in Oakland Park, Fort Lauderdale, Pembroke Pines, Deerfield Beach and Boca Raton — but without the trusted name of Planned Parenthood, one of the nation’s most recognized clinics in the field of reproductive heathcare.

“We don’t feel this was simple disaffiliation, we feel this was a hostile takeover,” Lynch said.

“And it was more about the Planned Parenthood trademark than it was about helping the community.”

At least 16,000 people used the five clinics for services such as breast exams, testing for HIV and abortions. In 2005, it received $500,000 in taxpayer funding.

HARSH REVIEW

The disbanding of the relationship ended a months-long back and forth between the Broward chapter and the national organization, which temporarily shut down the clinics in March after delivering a harsh review about the chapter’s administration.

Popular employees were fired. An employee alleged sexual harassment against a former CEO, Capobianco. The local board was investigating a rumor that its 2006 annual report was plagiarized.

SHUT DOWN

Ruffato said Planned Parenthood wanted to disaffiliate from the Broward chapter as soon as possible.

By March, the clinics were temporarily shut down.

They began the process in April to permanently strip the five clinics of the Planned Parenthood name.

Instead, Ruffato said they entrusted the more-reputable Planned Parenthood of Greater Miami, Palm Beach and the Treasure Coast to open one clinic in Broward and one in Boca Raton.

Ruffato said the Greater Miami chapter is one of the country’s best.

‘UNFORTUNATE’

“This is a very rare situation and a very unfortunate situation,” Ruffato said. “And as sad and as hard as moving through a disaffiliation is, I believe our ultimate responsibility is to the mission. And ultimately we need to make sure that your community clinic has the best healthcare and meets our high standards.”

For now, Planned Parenthood is concentrating on replacing the five clinics with at least two, said Judith Selzer, spokeswoman for the Greater Miami chapter. Officers plan to select one site by next month.

Selzer said they will add clinics “as quickly and swiftly as the community needs.”

The chapter plans to include Broward residents on the staff and board of trustees.

Said Selzer: “We’re poised and we’re ready to do this.”

A 2007 Planned Parenthood of South Palm Beach and Broward Counties’ annual report showed that the CEO CEO Mary Capobianco , made $108,978.00
________________________________________________________________________________________________________________________

In 2009

An Audit Shows Planned Parenthood Owes Thousands, sources say debt stands at $1 million

According to this story by KFOX: Planned Parenthood Owes $154K To UMC from November 13, 2009

EL PASO, Texas — KFOX has confirmed Friday that Planned Parenthood Center of El Paso owes more than $150,000 to the county’s University Medical Center.

Through an open records request, KFOX has learned that PPCEP owes UMC $154,814. Sources close to PPCEP claim their total debt stands at more than $1 million.

University Medical Center declined any comment on PPCEP’s current balance. They did not disclose what type of contract was established.

As KFOX reported, a state audit found that PPCEP violated its state contracts after it requested reimbursement for bills that were never paid.

State representatives have told KFOX that it is unclear if the money will ever be collected, and PPCEP is currently under bankruptcy protection.

KFOX has not been able to confirm PPCEP’s bankruptcy status

View Story Here:

Inspector General Report Here

_____________________________________________________________________________________________________________________
In 2010


Planned Parenthood Golden Gate’s former employees blame the organization’s longstanding pattern of financial mismanagement, former PPGG CEO, Dian Harrison. Because of this, the national Planned Parenthood organization has announced it will divorce itself from the networks of clinics that serve patients in five Bay Area counties, citing fiscal and administrative problems with the local organization. Effective Sept. 3, 2010, Planned Parenthood Golden Gate must operate under another name, a representative of the national organization said that Planned Parenthood Golden Gate had failed to uphold the “standards and guidelines” by which each separately incorporated affiliate must abide, but that the details of the situation were confidential.

“They were not meeting our standards for administrative and fiscal management,” said Karen Ruffato, vice president of affiliate services for the national organization.

A report in the Bay Citizen:

The most recent tax documents filed with the I.R.S. suggest that PPGG has not only been losing money in recent years, but is in financial disarray. For the tax year ending June 30, 2009, it showed a loss of $2.8 million.

Yet, from financial information for the previous year, it’s unclear just how much money the organization lost because it filed three separate sets of numbers with the I.R.S. In the filings, losses ranged between nearly $1.9 and $2.8 million. Two different accounting firms signed off on the various filings.

Tax documents also show that the organization’s financial problems did not start with the catastrophic recession and California’s fiscal crisis, which has delayed MediCal reimbursements from the state. Tax documents for the year ending June 30, 2007 show that the organization lost $181,000 that year.

Yet, the organization’s fiscal problems date farther back. Documents associated with a 2004 accreditation review of Planned Parenthood Golden Gate show that the local affiliate did not meet the national federation’s financial standards for its affiliates. Of nine indicators of financial health, Planned Parenthood Golden Gate was given a “not met” rating for five of them. For instance, the affiliate had only 11.4 days of cash on hand, as opposed to the required 60 days.

Planned Parenthood Federation of America executives refused to comment on the accreditation documents on the grounds that they’re internal and confidential.
On Wednesday, the charitable trusts division of the state’s attorney general’s office sent a warning letter to the Planned Parenthood Golden Gate Action Fund, the political advocacy and public policy arm of the affiliate, because the organization has failed to file copies of its tax documents with that that office for at least 10 years.
“We do not have any reports on file for them,” Rebecca MacLaren from the attorney general’s press office wrote in an e-mail.

The warning cautioned that if the organization fails to file those forms within 30 days, its registration would be suspended and officers would be personally liable for late fees.

In the letter, the clinicians detail a myriad of problems in the organization, including their concerns about “the misappropriation and mismanagement of PPGG’s funds.” The letter accuses the executive staff of profligate spending during lean times:

It is apparent that while Medical Services has been mandated and has complied with financial reform and cost savings, the Executive Administrative members have failed to adhere to their own mandate for financial restrictions. Executive staff’s personal expenditures are excessive and are not aligned with the mandatory fiscal restrictions. Flagrant use of PPGG funds to pay for personal belongings, personal services and exorbitant technology products is seemingly unchallenged and not subject to the same financial scrutiny that clinic supplies and staff salaries are, for example.

When Harrison replied to their concerns in a letter dated November 14, 2008, she assured the clinicians and doctors that administration was feeling the fiscal pain, too: “Administration has temporarily or permanently frozen a number of positions, budgets were cut, expenses were halted for a period of time and office supplies were not purchased,” she wrote.

And from the San Francisco Bay Guardian:

Former employees saw problems coming at Planned Parenthood Golden Gate
By Rebecca / San Francisco Bay Guardian
Created 08/11/2010 – 4:08pm

This week’s announcement that Planned Parenthood Federation of America (PPFA) was severing ties with Planned Parenthood Golden Gate (PPGG) came as no surprise to some former employees, who have for months been trying to sound the alarm that the chapter was being mismanaged, had major financial problems, and was in a steep decline that could threaten important reproductive care services that low-income women rely on.

A former PPGG employee with knowledge of the organization’s internal affairs described a longstanding pattern of financial mismanagement when former president and CEO Dian Harrison was at the helm. There was widespread concern about spending on expensive marketing campaigns and lavish functions, the person said, and a high level of employee turnover and discontent.

Warning signs of financial difficulties surfaced at least a year ago. Dan Cohen, a spokesperson of the Packard Foundation — a major donor to PPGG — told the Guardian that Packard awarded PPGG a 12-month, $30,000 “organizational effectiveness” grant, which will expire in September. The grant “allows an organization to select a talented, external provider to help them think through some of these challenges,” Cohen explained. The Packard Foundation also awarded a 3-year grant for general operating support for $800,000, which will also expire next month.

Another former employee told the Guardian that she would love to discuss internal problems, but was made to sign a confidentiality agreement upon leaving the organization.

Therese Wilson, executive vice president of Planned Parenthood Golden Gate — who took over PPGG when Harrison left last year on medical leave — did not return repeated calls seeking comment.

An internal PPGG document provided to the Guardian displays the agency’s on-hand cash reserves as compared with other affiliates, suggesting that the reserve ratios were at or below the minimum required by the national Planned Parenthood federation for all but one year from 1998 to 2007 — and well below that of other affiliates of similar size. That is a key requirement for meeting accreditation standards.

When we asked Elizabeth Toledo, a PPFA representative, about this apparent pattern she said she could not comment because she had not seen the documents. She also said the accreditation reviews were confidential. “Understanding the true financial picture for health care providers takes a very in-depth evaluation,” Toledo said. “PPFA and PPGG were working together over the last few years to resolve fiscal challenges.”

Despite delays at the state level in awarding nonprofit funding and the loss of support from the national organization, Toledo and a union representative for PPGG employees both said they believe the clinics will continue serving patients under a different name.

“They plan to stay open, and employees are planning to stay,” said SEIU Local 1021 representative Sarah Sherpun-Zimmer, who has been a union rep for PPGG employees for the last two years. “Folks are really happy working there and they feel like it’s going in a good direction.”

PPGG operated eight clinics, which will lose their Planned Parenthood accreditation Sept. 3, effectively severing their ties to a trusted entity that thousands of low-income women rely upon for birth control, abortion procedures, and other forms of reproductive health care. PPGG operates clinics in San Francisco, Alameda, San Mateo, Sonoma, Marin, and Mendocino counties, serving about 55,000 women per year.

Roughly 92 percent of the clients they serve live at or below the federal poverty line, according to PPGG’s 2008 annual report.

Planned Parenthood affiliates Mar Monte and Shasta Diablo are in the process of hatching plans for taking over some of the eight affected clinics or otherwise growing their own operations to cover any gaps in service area, according to Toledo. She said neighboring affiliates are in a position financially to be able to cover a wider territory and added that they have been in “expansion mode,” adding new clinics over the past couple years.

“It’s unusual to have a disaffiliation,” she said. “But it’s not unusual for national committees to have a reallocation of service area. That part is well-practiced.” Toledo added that “Every effort possible will be made” to ensure continuity of care.

In a report of the top paid Planned Parenthood employees for 2008, Harrison made the list when the California Catholic Daily reported this

Dian Harrison, President and Chief Executive Officer
Salary: $274,438
Benefits: $18,976
Expense Account: $11,340
Total Compensation: $304,754

Here Harrison brags about her rich and lavish new design for the abortion clinic she managed !

_________________________________________________________________________________________________________________

Planned Parenthood’s missing millions, New GAO report reveals disturbing financial discrepancies

According to Rita Dillar , a new report from the U.S. Government Accountability Office (GAO) on federal tax money funneled into Planned Parenthood and similar organizations raises more questions than it answers about the nation’s largest abortion chain.

Planned Parenthood Federation of America’s (PPFA) audits show the organization spent just $657.1 million between 2002 and 2008 from federal government grants and programs, but the abortion behemoth’s own annual reports show that it took in $2.3 billion from government grants and programs during the same time period.

That’s not pocket change. Why the discrepancy?

The report (the first of its kind since 2002) was released in response to a request from 31 U.S. senators and representatives and in an atmosphere increasingly hostile to abortion. Not surprisingly. then, its findings are fueling an escalating outcry to defund Planned Parenthood.

Since 2009, at least five nationwide polls have confirmed that a majority of Americans consider themselves pro-life.

Someone, then, needs to explain to all those people why $2.3 billion in tax dollars have been doled out to an organization that admits to systematically having killed more than 1.8 million pre-born babies between 2002 and 2008 and then reports it only spent $657.1 million in federal dollars.

Has Planned Parenthood managed to tuck away megamillions of our tax dollars, seemingly unnoticed? Or is that much of its government funding coming from sources other than the federal government? Or is there a problem with the way Planned Parenthood is reporting its expenditure of our federal monies?

In just two weeks, Planned Parenthood will complete its 2009-10 fiscal year. Yet it still has not released its annual report for its 2008-09 fiscal year. In light of the discrepancy revealed in this GAO report, we must ask: What is Planned Parenthood trying to keep secret?

It’s time for Planned Parenthood to come clean – if such a thing is possible.

Yes, Planned Parenthood has other sources of government funding – state and local – but historical data indicate it is simply not believable that such a large amount of its funding is from local and state sources.

GAO reports for prior years show that from 1997 through 2001, PPFA expenditures of federal money accounted for an average of 72 percent of its government income.

Yet this new report shows PPFA expenditures of federal money making up an average of just 32 percent of its government income from 2002 through 2008.

Planned Parenthood’s abortion business has increased year after year in lock step with its increasing government funding, as evidenced by the included chart.

Obviously, every penny Planned Parenthood receives feeds its abortion business in one way or another.

For instance, Title X money is not to be used for abortions. However, according to Abby Johnson, former director of Planned Parenthood’s abortion center in Bryan/College Station, Texas, it is used to gain the trust of women in minority neighborhoods in order to bring them into Planned Parenthood facilities, supposedly for health care, and then persuade them to become Planned Parenthood birth-control clients. Then, when the birth control fails, the organization has a built-in minority clientele for abortion, which Ms. Johnson says is Planned Parenthood’s big cash cow.

Planned Parenthood affiliates continue to build huge abortion megacenters in minority neighborhoods in an attempt to polish its image and gear up for the veritable tsunami of clients that will be headed its way under President Obama’s health care plan, which earmarks $11 billion for community health centers.

Is there no end to the amount of our hard-earned tax dollars that will be poured down the bottomless pit known as Planned Parenthood to quench this social-engineering agency’s thirst for sexualizing our children, stealing their souls and dumping the mutilated bodies of our children’s children into our nation’s waste bins?

On May 14, Gallup produced its third consecutive poll showing that most Americans identify themselves as pro-life. It is unthinkable that American citizens continue to be forced to fund, by the sweat of their brows, the organization that commits one-third of our nation’s abortions.

American Life League stands with pro-life legislators and hundreds of thousands of grass-roots organizations and activists in calling for accountability for the money Planned Parenthood has received from the federal government and in demanding the immediate defunding of Planned Parenthood.

Rita Diller is the national director of Stop Planned Parenthood (Stopp), a project of American Life League.

____________________________________________________________________________________________________________________________________

A 2010 article in the Philadelphia Bulletin headlined: Federal Funds Misappropriated By New Jersey Family Planning, Planned Parenthood By KATHLEEN GILBERT on August 24, 2010 reads:

TRENTON, N.J. – Audits by the United States Inspector General (IG) have uncovered that family planning clinics, including Planned Parenthood, have improperly taken Medicaid reimbursement for family planning services.

The audits were released by New Jersey Right to Life (NJ RTL) as pro-abortion state lawmakers lobby not only to restore $7.5 million in state family planning funds, but to acquire a federal waiver that would permanently secure the 90 percent Medicaid reimbursement rate for family planning clinics. Pro-life Governor Chris Christie has withdrawn a waiver application and, last month, vetoed an attempt to restore the state funding, a move lawmakers are angling to override.

While the state of New Jersey has taken responsibility for the incorrect recording of services, the audits leave open the question of how far the clinics themselves were complicit in the misappropriation of funds. The reports show that a total of almost $3 million was misappropriated over the course of 2001-2005.

One report, issued in 2008, singled out Planned Parenthood providers as guilty of billing all claims to Medicaid as “family planning,” including services that did not meet federal criteria for the 90 percent reimbursement rate. The normal Medicaid reimbursement rate is about 50 percent. In that report, the state was urged to reimburse almost $600,000 in Medicaid funds, and to amend their billing processes.

Instead of services that “prevent or delay pregnancy,” which are eligible for the waiver, the report found that services such as treatment for swollen ankles and a rash were listed as “family planning,” as well as other services administered to patients well beyond childbearing age. Others simply lacked documentation.

Another 2008 report found New Jersey to have improperly received reimbursement for 111 of 161 examined claims, requesting over $160,000 to be returned. A 2007 report requested the return of over $2.2 million thanks to the state of New Jersey incorrectly designating 227 National Drug Codes as related to family planning.

“The facts cannot be denied,” said New Jersey Right to Life in a press release. “Planned Parenthood’s supporters not only want to use $7.5M in taxpayer dollars to fund these family planning clinics, they also want the state of New Jersey to permanently apply for a federal waiver to reimburse family planning clinics 90 percent for every Medicaid service they provide despite the clinics’ history of improperly billing Medicaid and contributing to the nearly $3M in fees calculated by the Federal Government to be refunded to them.”

“Taxpayers should be outraged”

NJ RTL Executive Director Marie Tasy expressed disappointment that the IG audits went unnoticed as Planned Parenthood gained favor with the media during its fight for more taxpayer funds. “It’s sinful that the press did not do their homework when this issue was being used in the news,” Ms. Tasy told LifeSiteNews.com, adding that the arrogance behind the misappropriation “is astounding.”

Whether it’s Planned Parenthood or the state’s fault, she said, the audits reveal a “systematic abuse” that funnels taxpayer cash towards family planning.

__________________________________________________________________________________________________________________________

Also in 2010 , the United States Court of Appeals for the Ninth Circuit has ruled in favor of the American Center for Law and Justice’s (ACLJ) client in a multi-million dollar fraud case against Planned Parenthood (PP) affiliates in California. ACLJ attorneys are representing a former employee of the PP affiliate in Los Angeles, who is now a federal whistleblower. A federal district court in California had dismissed the case, but the Ninth Circuit’s ruling, dated yesterday, reinstates the lawsuit.

“The question on appeal was whether the former PP employee is a proper whistleblower under the False Claims Act”

“This is a tremendous victory,” said Jay Sekulow, Chief Counsel of the ACLJ. “While this case is by no means over, winning this appeal means we have gotten the federal claim over the threshold hurdles and can now get down to the heart of this case: the alleged fraud.”

The federal False Claims Act (FCA) forbids government contractors from submitting “false or fraudulent” claims for payment. The FCA also authorizes private individuals to bring suit against the offenders to recover the fraudulently obtained funds.

The allegation in this case is that PP affiliates in California illegally marked up the supposed cost of various birth control drugs when seeking government reimbursement, resulting in tens of millions of dollars of overbilling – at taxpayer expense. State audits in both California and Washington State have found PP affiliates guilty of overbilling.

When a former PP staffer sued the PP affiliates in federal court, charging the defendants with having fraudulently overbilled the state and federal governments in the amount of tens of millions of dollars, a prominent law firm began representing the PP defendants in the case at no cost to the defendants. The PP attorneys asked the federal district court to dismiss the case on technical jurisdictional grounds.

The federal district court accepted their arguments in part, and dismissed the case. ACLJ attorneys then entered the case to handle the appeal.
“The question on appeal was whether the former PP employee is a proper whistleblower under the False Claims Act,” said Sekulow. “We contended that the answer is ‘Yes,’ and now a three-judge panel of the Ninth Circuit has unanimously agreed with us.”

The ACLJ’s opening brief had dissected and refuted the arguments of PP’s attorneys point by point, explaining why the court of appeals should reverse the lower court’s judgment and reinstate the lawsuit. You can read the ACLJ opening brief here:

ACLJ attorneys subsequently filed a reply brief and two supplemental briefs addressing intervening developments in the law.
Led by Chief Counsel Jay Sekulow, the American Center for Law and Justice focuses on constitutional law and is based in Washington, D.C. The ACLJ is online at http://www.aclj.org.

____________________________________________________________________________________________
Spokane’s Planned Parenthood fined by state

10/29/2010 / The Spokesman-Review
Planned Parenthood of the Inland Northwest will pay the state $345,000 after settling a 2009 audit that uncovered the clinic used incorrect codes and provided insufficient documentation for some claims billed to Medicaid.

The original audit finding estimated the Spokane family-planning organization improperly billed Medicaid more than $629,000 for 333 patient procedures from March 2004 through February 2007.

During that time, the clinic collected about $7.6 million from Medicaid.

Planned Parenthood appealed and a compromise was reached with the state “without any admission of incorrect billing, documentation of payment,” according the Department of Social and Health Services.

_________________________________________________________________________________________________________________________________________

This report by Texas Watchdog from August 26,2010 shows a campaign manager for Planned Parenthood in Texas was fined. Planned Parenthood of North Texas PAC fined $3,000 for campaign finance violations

The Texas Ethics Commission has fined Cary Jennings, the campaign treasurer for Planned Parenthood of North Texas‘ political action committee, $3,000 for failing to disclose spending $26,695 to support four political candidates in the November, 2008 state elections.

The Ethics Commission also found Planned Parenthood of North Texas Action Fund Political Committee had either failed to report or made mistakes with political contribution and expenditure totals on more than 17 monthly reports required by state law.

The political action committee in a November 2008 report said it spent $26,695 for mass mailings the previous month. However, the report failed to say the mailings were made in support of Wendy Davis, who was running for state Senate and Dan Barrett, Carol Kent and Chris Turner, who were running for state House seats, according to the Ethics Commission findings.

The following month, the political action committee reported spending $15,410 in one day to the same company for a blitz of campaign telephone calls on behalf of Davis, Kent, Turner and Robert Miklos, who was running for the House. The Commission took note that this disclosure of candidate support was not reflected on the report’s cover page.

The committee filed 17 corrected campaign finance reports on Sept. 14, 2009. Texas Watchdog has a call in to Planned Parenthood, and will update the blog if we hear back from the group here .
Davis, Kent, Turner and Miklos won their legislative races, while Barrett lost to Republican physician Mark Shelton.

Learn more about Planned Parenthood’s activities by clicking my home page

Votes stimulas? Obama Admin squashes rumors of mortgage bailout before midterm elections

Posted in Economy, Obama with tags , , , , , , , , , , , on August 6, 2010 by saynsumthn

Reuters reported that Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. mortgages – one in five – are underwater with negative equity of some $800 billion. Recall that on Christmas Eve 2009, the Treasury Department waived a $400 billion limit on financial assistance to Fannie and Freddie, pledging unlimited help. The actual vehicle for the bailout could be the Bush-era Home Affordable Refinance Program, or HARP, a sister program to Obama’s loan modification effort. HARP was just extended through June 30, 2011.

The move, if it happens, would be a stunning political and economic bombshell less than 100 days before a midterm election in which Democrats are currently expected to suffer massive, if not historic losses. The key date to watch is August 17 when the Treasury Department holds a much-hyped meeting on the future of Fannie and Freddie. A few key points:

1) Republican leaders believe this is going to happen since GOPers and Democratic moderates in the Senate are unwilling to spend more taxpayer money on more stimulus. But such a housing plan would allow the White House to sidestep congressional objections and show voters it is doing something tangible about an economy that seems to be weakening.

2) Wall Street banks are alerting their clients privately to this possibility. Here is what some are cautiously saying publicly. This from Goldman Sachs:

GSE policies are one of a dwindling number of policy levers the administration has left to pull, so it is conceivable that changes could be made, though there is no sign that a policy change is imminent. The Treasury’s essentially unlimited ability to provide financial support to the GSEs creates an interesting situation over the next twelve months: the GSEs could potentially be used to provide additional support for the housing market and, to a lesser extent, the broader economy in 2H 2001.

And this from Mizuho Securities:

As policy makers ponder their next move the data suggests that they face not only a stalling recovery but a growing risk of deflation taking root in the economy. As a result, the Administration has turned back to industrial policies by approving the purchase of a sub-prime auto lender by GM as a means for pumping up domestic sales, especially since the latest auto sales data indicates that consumers are still responsive to incentives. This precedent increases the risk that the government will use its control of Fannie and Freddie to increase consumer cash flow and juice the economy again.

Moreover, Morgan Stanley is pushing a mortgage relief plan directly to Congress. On August 3, a top Morgan Stanley economist recommended to the Senate Budget Committee that Fannie and Freddie ease their lending standards to allow millions of Americans to refinance their mortgages.

3) Keep in mind the political and economic context. The nascent recovery is already running out of steam. Wall Street economists just downgraded the government’s second-quarter GDP estimate of 2.4 percent to around 1.7 percent. And as even Treasury Secretary Timothy Geithner is warning, the unemployment rate may well begin to rise back toward the politically toxic 10 percent level given such sluggish growth. Many in the White House thought the unemployment rate would be dropping sharply by this point in the recovery.

But that is not happening. What is happening is that the president’s approval ratings are continuing to erode, as are Democratic election polls. Democrats are in real danger of losing the House and almost losing the Senate. The mortgage Hail Mary would be a last-gasp effort to prevent this from happening and to save the Obama agenda. The political calculation is that the number of grateful Americans would be greater than those offended that they — and their children and their grandchildren — would be paying for someone else’s mortgage woes.

4) And don’t think the White House is worried about financial market reaction. If they thought it would pass Congress, they would be submitting a $200 billion Stimulus 2.0 (3.0?, 4.0?) right now.

August is supposed to be a slow month for Washington politics. But maybe not this one.

However- the Wall Street Journal reports:

Federal Officials: No Plans for Expanding Refinance Programs

Obama administration officials knocked down rumors on Thursday about any plan for new programs–dubbed an “August Surprise” –to streamline refinancing or cut mortgage balances for homeowners in a bid to stimulate the economy without asking Congress for money ahead of the midterm elections.

Speculation has intensified over the past week as some economists have proposed that the government put cash in more Americans’ pockets by making it easier to refinance. A news report on Thursday suggested that such stimulus might also include a plan to lower mortgage balances for some homeowners.

These reports have worried mortgage investors, sending prices down. But elements of the so-called surprise programs already exist in far more modest forms and there are no plans expand them, administration officials said. The Obama administration said in March that it would create a pair of programs later this year that would allow mortgage servicers and investors to voluntarily reduce loans balances.

One of those programs—which hasn’t been finalized yet but will be soon—will allow mortgage investors to refinance current homeowners who are underwater, or owe more than their homes are worth, into loans backed by the Federal Housing Administration if investors are willing to take a haircut.

And it already has had for more than one year a separate program that allows some homeowners to refinance underwater loans. That initiative—called Home Affordable Refinance Program, or HARP—has fallen short of its initial goals.

Administration officials dismissed the idea that something bigger might be in the works. “The Administration is not considering a change in policy in this area,” said a Treasury Department spokesman.

What about a program to “streamline” refinance borrowers without regard for their credit scores or equity position? “There is not any plan for expanding into a high [loan-to-value] refinance program at this time,” said FHA Commissioner David Stevens.

Economists and mortgage analysts have suggested that the government could easily create economic stimulus by removing barriers to refinancing. Mortgage rates continue to reach record lows: the weekly survey of 30-year fixed-rate loans by Freddie Mac averaged 4.49%, an all-time record. Rates on 15-year fixed-rate loans averaged 3.95%, also a record.

But millions of borrowers haven’t taken advantage of those rates because they can’t qualify—their incomes have fallen, their credit score isn’t pristine, or they don’t have much or any home equity—or because they don’t want to pay higher refinance fees. Morgan Stanley economist David Greenlaw last week said that the government could produce $46 billion in savings by refinancing 37 million loans held or guaranteed by Fannie Mae, Freddie Mac, or government agencies.

But there are reasons to be skeptical that the government would adopt such a program now. First, it would be hard to make it work, and the administration knows this all too well. Both HARP and the companion modification program, HAMP (Home Affordable Modification Program), have had numerous frictions that have hindered their effectiveness. Banks have struggled to implement the program and borrowers haven’t participated near the levels expected. Rather than create an entirely new program—which could take weeks if not months to get running—the administration is more likely to make tweaks to the programs it has already built.

And it’s still not clear how much economic punch such a program could pack. Analysts at Goldman Sachs and Credit Suisse say such a program would generate an average annual savings of $15 billion, about one third of Mr. Greenlaw’s estimate, while analysts at Barclays Capital say the actual savings would be even lower, at around $6 billion annually.

Another problem, this type of stimulus isn’t free. Even though the government wouldn’t pay for it, mortgage investors would because the loans they thought had a certain return would pay off sooner than expected, leaving investors with money to invest at lower rates.

“It would be far from costless for the banks, [Fannie and Freddie], mutual fund investors, sovereign portfolios and other institutions now holding agency [mortgage-backed securities]. They would be the providers of the windfall,” writes Deutsche Bank analyst Steven Abrahams. “Given the substantial resources invested in rebuilding bank capital and bringing the sector back to full strength, the impact of ruthless refinancing might give policymakers reason to pause.”

Ultimately, investors would price that uncertainty into mortgages, raising rates for future borrowers. Mr. Abrahams estimates that such a program could raise future borrowers’ rates by 0.4 percentage points.

In addition, such a proposal would ostensibly be designed to improve the economy before the midterm elections, but the politics aren’t as obvious at they seem. Helping some homeowners could breed resentment that another favored political class is getting a bailout. And if any of those moves were to create bigger losses for Fannie Mae and Freddie Mac, that puts an even brighter spotlight on those wards of the state, whose futures are about to be addressed by the administration.