2007–2008 financial crisisThe 2007–2008 financial crisis, or Global Financial Crisis (GFC), was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929). Predatory lending targeting low-income homebuyers, excessive risk-taking by global financial institutions, and the bursting of the United States housing bubble culminated in a "perfect storm". Mortgage-backed securities (MBS) tied to American real estate, as well as a vast web of derivatives linked to those MBS, collapsed in value.
Al FrankenAlan Stuart Franken (born May 21, 1951) is an American politician, comedian, writer, actor, and media personality who served as a United States senator from Minnesota from 2009 to 2018. Franken first gained fame as a writer and performer on the NBC sketch comedy series Saturday Night Live, where he worked for three stints. He first served as a writer for the show from 1975 to 1980, and returned from 1985 to 1995 as a writer and, briefly, a cast member.
Socialized medicineSocialized medicine is a term used in the United States to describe and discuss systems of universal health care—medical and hospital care for all by means of government regulation of health care and subsidies derived from taxation. Because of historically negative associations with socialism in American culture, the term is usually used pejoratively in American political discourse. The term was first widely used in the United States by advocates of the American Medical Association in opposition to President Harry S.
Paul RyanPaul Davis Ryan (born January 29, 1970) is an American former politician who served as the 54th speaker of the United States House of Representatives from 2015 to 2019. A member of the Republican Party, he was the vice presidential nominee in the 2012 election running alongside Mitt Romney, but lost to incumbent president Barack Obama and then-vice president Joe Biden. Ryan is a native of Janesville, Wisconsin and graduated from Miami University in 1992. He spent five years working for Congress in Washington, D.
Single-payer healthcareSingle-payer healthcare is a type of universal healthcare in which the costs of essential healthcare for all residents are covered by a single public system (hence "single-payer"). Single-payer systems may contract for healthcare services from private organizations (as is the case in Canada) or may own and employ healthcare resources and personnel (as is the case in the United Kingdom). "Single-payer" describes the mechanism by which healthcare is paid for by a single public authority, not a private authority, nor a mix of both.
Health insuranceHealth insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance, risk is shared among many individuals. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement.
Health maintenance organizationIn the United States, a health maintenance organization (HMO) is a medical insurance group that provides health services for a fixed annual fee. It is an organization that provides or arranges managed care for health insurance, self-funded health care benefit plans, individuals, and other entities, acting as a liaison with health care providers (hospitals, doctors, etc.) on a prepaid basis. The Health Maintenance Organization Act of 1973 required employers with 25 or more employees to offer federally certified HMO options if the employer offers traditional healthcare options.
Joe LiebermanJoseph Isadore Lieberman (ˈliːbərmən; born February 24, 1942) is an American politician, lobbyist, and attorney who served as a United States senator from Connecticut from 1989 to 2013. A former member of the Democratic Party, he was its nominee for Vice President of the United States in the 2000 U.S. presidential election. During his final term in office, he was officially listed as an independent Democrat and caucused with and chaired committees for the Democratic Party.
Bob DoleRobert Joseph Dole (July 22, 1923 – December 5, 2021) was an American politician and attorney who represented Kansas in the United States Senate from 1969 to 1996. He was the Republican Leader of the Senate during the final 11 years of his tenure, including three non-consecutive years as Senate Majority Leader. Prior to his 27 years in the Senate, he served in the United States House of Representatives from 1961 to 1969. Dole was also the Republican presidential nominee in the 1996 election and the vice presidential nominee in the 1976 election.
Marco RubioMarco Antonio Rubio (ˈruːbioʊ ; born May 28, 1971) is an American politician and lawyer serving as the senior United States senator from Florida, a seat he has held since 2011. A member of the Republican Party, he served as Speaker of the Florida House of Representatives from 2006 to 2008. Rubio unsuccessfully sought the Republican nomination for President of the United States in 2016, winning presidential primaries in Minnesota, the District of Columbia, and Puerto Rico. Rubio is a Cuban American from Miami, Florida.
