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Sunday, October 18, 2009

WHY OBAMACARE SHOULD BE FLATLINED...

We told about the quarterback sneak pulled by the private health industry who finally realized that President Obama was lying like a big dog. As it turns out, more and more economically-based criticism of Obamacare is coming to light. For starters, the tacit ‘approval’ some thought they saw courtesy of the Congressional Budget Office, isn’t that at all. Not if you’re really looking, at least.
While the CBO has said they expect the collect a fair bit of money via the various taxes associated with the plan. But what if they aren’t there? The Congressional Budget Office projections (which are, in this case, the Joint Committee on Taxation's projections, as the CBO doesn't estimate tax revenues) actually suggest that the bulk of the tax's revenues will come from the response to the tax, not the payment of the tax. As the New York Times reports, the JCT believes that "about $142 billion of the 10-year total of $201 billion to be raised by the [excise tax] would come from increased income and payroll taxes." In other words, the vast majority of the revenues would come because employers would "structure their benefits to get around this tax." Workers would receive more of their compensation in wages and less in healthcare benefits, and because wages are taxable and health benefits aren't, tax revenues would go up. The trouble is that the CBO didn't adequately account for the response to the implicit marginal tax created by the sliding scale of subsidies. In other words, the CBO doesn’t fully incorporate the effects of these higher marginal tax rates in their cost estimates.
If taxpayers respond to these new incentives by, say, working less, GDP and tax revenue from income and payroll taxes will go down.
Want the bonus plan? Ask yourself if you’d feel the pinch of a 20 percentage point tax increase. I know I would.

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The Patriot Act is Not Conservative

If Americans needed another reminder of why the Democratic Party is absolutely worthless, they got it during last week’s Patriot Act extension debate when Senate Majority leader Harry Reid again behaved exactly like the Bush-era Republicans he once vigorously opposed. In 2005, Reid bragged to fellow Democrats, “We killed the Patriot Act.” Today, Reid says that anyone who opposes the Patriot Act might be responsible for the killing of Americans. Dick Cheney now hears an echo and Americans deserve congressional hearings—as to whether Harry Reid is a sociopath, mere liar, or both.

Universal Healthcare is SLAVERY

Supporters of Universal Healthcare want to impose an individual mandate on all working Americans. By doing this, they are sanctioning slavery on the American People. On 09/09/09, President Obama addressed the Congress and the nation, stating that individuals would be required to purchase healthcare. Anyone who does not will be fined up to $1,900, thrown in prison, and fined an additional $25,000. This is a perfect example of government tyranny, and is more properly termed, "fascism." In any program designed to help others, there is always an option to withdraw or not participate. A person who doesn’t want to buy auto insurance can opt not to drive a car. A person who doesn’t want house insurance can rent instead of buying a house. In the case of healthcare, a tax is placed on the right to LIFE itself. We should remember that even the slavemasters of old were interested in the healthiness of their slaves. A person who cannot opt out is not free—he or she is nothing but a slave. Socialist programs like Social Security, Medicare, and the Draft all result in slavery or involuntary servitude. Now is the time to uphold the 13th Amendment by defeating Unconstitutional Healthcare.

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