ObamaCare "Worst Bill Ever"
So says the WSJ. Here are some choice quotes:There is, of course, much more. Read it all. Then let your political servants know that you will not support anyone who endorses the bankrupting of America, no matter how good the intention.
- Epic new spending and taxes, pricier insurance, rationed care, dishonest accounting: The Pelosi health bill has it all.
- [Pelosi's healthcare bill] may well be the worst piece of post-New Deal legislation ever introduced.
- The result will be destructive on every level—for the health-care system, for the country's fiscal condition, and ultimately for American freedom and prosperity.
- ObamaCare will be lucky to cost under $2 trillion over 10 years; it will grow more after that.
- Even if Congress had confiscated 100% of the taxable income of people earning over $500,000 in the boom year of 2006, it would have only raised $1.3 trillion. When Democrats end up soaking the middle class, perhaps via the European-style value-added tax that Mrs. Pelosi has endorsed, they'll claim the deficits that they created made them do it.
- While the U.S. already has one of the highest corporate income tax rates in the world, Democrats are on the way to creating a high structural unemployment rate, much as Europe has done by expanding its welfare states.
Hat tip to Noel Sheppard.
Technorati Tags: Socialized Medicine, Bankrupting America, ObamaCare and other Bad Ideas
Blog post #7161 in category
posted 2 November 09
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