Since he took office, President Donald Trump has clashed with Republicans and Democrats alike in his quest to repeal and replace Obamacare. Now, however, it seems that he has found other ways to achieve this goal.
New reports indicate that after Trump slashed expenditures to the bloated healthcare bill, he discovered that Barack Obama had been funneling $90 billion elsewhere. He was stunned to discover that Obama had stolen $90 billion from taxpayers and funneled it into Obamacare.
The Daily Caller reported that Trump has rolled back funding for a key program intended to help people navigate Obamacare, he’s signed an executive order to increase competition for insurance companies across state lines, and he’s even stopped federal funding for Obamacare subsidies. The report continued:
If Trump truly wants to deal the coup de grâce to Obamacare, there’s still a massive source of funding for the law that Barack Obama deceptively implemented, and it relates to the one last piece of unfinished business from the past financial crisis: the status of mortgage giants Fannie Mae and Freddie Mac.
Having required massive bailouts in 2008, the two corporations were placed under control of the U.S. Treasury. Initially, the two organizations agreed to pay the Treasury a dividend each year equivalent to 10 percent of the bailout funds they took, and the Treasury was also issued warrants granting them the equivalent of a 79.9 percent equity stake in the two companies.
Since the two giants recovered faster than expected and became profitable, the Obama administration saw better returns in seizing the profits of Fannie and Freddie instead.
Since 2012, every quarter, the two giants have been sending 100 percent of their profits to the Treasury, rewarding the Treasury handsomely.
Despite the fact that taxpayers bailed out Fannie and Freddie to the tune of $187.5 billion, the Federal government has been paid back $275.8 billion thus far — or nearly $90 billion in excess of that figure.
And what have the funds been used for? Our current Treasury Secretary Steve Mnuchin has already admitted what many had speculated: that the funds were being used to fund Obamacare.
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