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Remember government nannies always claim to be able to run your life better then you can! Of course in reality they are just thieves who want to steal your money and spend it on themselves and their special interest groups.
Think tank founded by Gingrich files for bankruptcy By Catalina Camia, USA TODAY A health care think tank founded by Newt Gingrich has filed for bankruptcy, according to a report by the Atlanta Business Chronicle. The Center for Health Transformation plans to liquidate its assets under Chapter 7 of the bankruptcy code, according to its court filing in Atlanta. The think tank estimated liabilities of $1 million to $10 million and 50 to 90 creditors, the Atlanta Business Chronicle story says. The former House speaker founded the Center for Health Transformation in 2003 and it was a focus of his post-congressional activities, as well as a lucrative source of income, for years. The Washington Post reported last year the think tank brought in at least $37 million "from major health-care companies and industry groups, offering special access" to Gingrich and "other perks." A story in The New York Times said companies and trade groups paid annual membership fees of $20,000 to $200,000 "with higher-paying members gaining more direct access" to Gingrich. Stefan Passantino, national counsel for the Gingrich presidential campaign, is quoted in the Atlanta story as saying the bankruptcy occurred after Gingrich "divested himself of any of the think tank's operations last May." |