Obama Pledges $700 Billion Bailout of VA

May 21, 2014

President Obama Holds A News Conference At The White HousePresident Barack Obama has called for a $700 billion bailout of the Veterans Administration in response to a growing scandal over veteran abuse and mismanagement at its hospital system.

In a press conference this morning, the president said he was “furious and upset” over revelations that officials at a Phoenix VA hospital covered up the long list of veterans waiting to receive treatment, 40 of whom may have died as a result. Twenty-six hospitals and facilities where similar claims have been reported are now being investigated.

“What we have seen here is mismanagement at the top levels," Obama said. "Abuse, incompetence, and a lack of strict oversight has been going on for years at the VA, and it has ruined people’s lives and forever shaken the American people’s confidence in an important institution.

"That’s why I believe the correct course of action is to have Congress authorize a $700 billion bailout of the VA, so we can bandage up this problem and get the ship back on course.

“As we learned from past crises such as the Wall Street financial meltdown, asking insiders to fix the problems they created by giving them a bunch of money is a fail-proof strategy. It worked for Wall Street, now let's make it work for our veterans.”

Big Band-Aid

The U.S. government bailed out several Wall Street firms during the depth of the financial crisis, most notably though its $700 billion Trouble Asset Relief Program (TARP).

Although the money was eventually paid back, many economists worry that the program created a moral hazard and failed to address the root causes of the problem.

"I'm all for increasing the VA's budget," says one veteran of the Iraq War, "but just giving them a blank check for $700 billion is ridiculous. We need a top-to-bottom rethink of veterans' care in this country. Since when does government just throw money at problems and expect them to go away?"

In his remarks Obama called on legislators, health care lobbyists and VA officials to enact reforms as they oversee the spending of the bailout money, all of which will come from U.S. taxpayers.

When asked if any more VA officials would be asked to resign over the scandal, or face possible legal repercussions, Obama dismissed the idea.

“No, of course not,” he said. “Don’t be silly. Why would holding people accountable for their actions be necessary?”

  • Obama Lies

    Hussein Obama is a piece of Sh !t.

    The man’s never run a lemonade stand and yet the low information self loathing guilt ridden white man thinks he’s all that and a bag of chips,,,, even after all of his failures.

    The narcissistic punk had known of the problems since 2008 when he stuck Bush’s nose in it.

    “This is what Change looks like”

  • captain_pudding

    You know this isn’t a real news article, right?

  • SickleCell

    He still has a valid point. Plus Obama seems to have a lot of illegitimate sons who -aside from looking like him- all look like felons.

  • captain_pudding

    . . .What?

  • William Harper

    My, how brave you are.

  • William Harper

    Bravery is rampant in this thread.

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  • JOES CANDRA

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    ..

  • JOES CANDRA

    I am joes candra, I promise to share this testimony all over the world once my boyfriend return back to me, and today with all due respect i want to thank DR.OSAUYI for bringing joy and happiness to my relationship and my family. I want to inform you all that there is a spell caster that is real and genuine. I never believed in any of these things until i loosed my boyfriend, I required help until i found a grate spell caster, And he cast a love spell for me, and he assured me that I will get my boyfriend back in two days after the spell has been cast. Three days later, my phone rang, and so shockingly, it was my boyfriend who has not called me for past 6 years now, and made an apology for the heart break, and told me that he is ready to be my back bone till the rest of his life with me. DR.OSAUYI released him up to know how much i loved and wanted him. And opened his eyes to picture how much we have share together. As I`m writing this testimony right now I`m the most happiest girl on earth and me and my boyfriend is living a happy life and our love is now stronger than how it were even before our break up. So that`s why I promised to share my testimony all over the universe.All thanks goes to DR.OSAUYI for the excessive work that he has done for me. Below is the email address in any situation you are undergoing a heart break, and I assure you that as he has done mine for me, he will definitely help you too. [email protected] that is his email address bye. web site http://osauyilovespell.webs.com

  • JOES CANDRA

    I am joes candra, I promise to share this testimony all over the world once my boyfriend return back to me, and today with all due respect i want to thank DR.OSAUYI for bringing joy and happiness to my relationship and my family. I want to inform you all that there is a spell caster that is real and genuine. I never believed in any of these things until i loosed my boyfriend, I required help until i found a grate spell caster, And he cast a love spell for me, and he assured me that I will get my boyfriend back in two days after the spell has been cast. Three days later, my phone rang, and so shockingly, it was my boyfriend who has not called me for past 6 years now, and made an apology for the heart break, and told me that he is ready to be my back bone till the rest of his life with me. DR.OSAUYI released him up to know how much i loved and wanted him. And opened his eyes to picture how much we have share together. As I`m writing this testimony right now I`m the most happiest girl on earth and me and my boyfriend is living a happy life and our love is now stronger than how it were even before our break up. So that`s why I promised to share my testimony all over the universe.All thanks goes to DR.OSAUYI for the excessive work that he has done for me. Below is the email address in any situation you are undergoing a heart break, and I assure you that as he has done mine for me, he will definitely help you too. [email protected] that is his email address bye. web site http://osauyilovespell.webs.com

  • joeybot

    This is the worst satire site on the planet. At least be slightly funny.