TAX POLITIX
The Politics of Taxes
Are You A Genetic Lottery Winner?
Are you a genetic lottery winner? Too bad. The legislative name for Obamacare is the Affordable Care Act. This name was chosen precisely to appeal to Americans to consider buying a health insurance plan from a government-run exchange. Who doesn't like the idea of something that is "affordable"? By using that term, it suggested that the current system of health care was the opposite --"unafforable". But the Affordable Care Act was merely a red herring for what the government really thought...
WhiteHouse.gov Edits Portion on Obamacare to Include Obama’s “Regrets”, But Leaves Up Original “You Can Keep Your Plan” Promise In At Least Three Places
Last week, I reported that the whitehouse.gov website section pertaining to Obamacare still had the "if you like your plan, you can keep it" Promise. I checked out whitehouse.gov on November 6, a few days after Obama gave a speech during which he explained that the Promise actually had qualifiers. Obama's new Promise during that speech was: "Now, if you have or had one of these plans before the Affordable Care Act came into law and you really liked that plan, what we said was you can keep it...
Obama Lied. Should We Be Thankful?
The best thing you can say about the Obamacare legislation and recent rollout is that the president lied. He lied about “keeping your plan” and “keeping your doctor”. He lied about the cost savings. He lied to the American people to sell it.That is the best spin that can be put on what he said. What’s worse? We now know -- based on recently-surfaced memos -- that all of his advisors and speech writers also knew that keeping your plan and doctor was not true. This is more heinous than just the...
White House Website Still Shows Original “You Can Keep Your Plan” Promise
Oopsies! The White House website (whitehouse.gov) still shows the original "If you like your health plan, you can keep it" promise. See the text here on www.whitehouse.gov/healthreform/healthcare-overview: Health Care that Works for Americans On March 23, 2010, President Obama signed the Affordable Care Act into law, putting in place comprehensive reforms that improve access to affordable health coverage for everyone and protect consumers from abusive insurance company practices. For those...
The Obamapology and Animal Farm
In Animal Farm, the most important of the Seven Commandments of Animalism was the "All Animals Are Equal" Commandment. Upon this, Animalism was supposed to thrive. Later, Napoleon gains power, drives out Snowball, moves into Mr. Jones white house, sells Boxer to the glue factory, and enjoys whiskey while the animals work. Animalism is struggling to survive and suddenly, the maxim is changed. It becomes: "All Animals are Equal, But Some are More Equal Than Others" In a strikingly similar way...
84 Years Since the Stock Market Crash of 1929
Today marks 84 years since the Great Stock Market Crash of 1929, also known as Black Tuesday. This typically is considered the beginning event of the Great Depression that lasted some 10 years in the United States. The crash itself did not cause the Depression, but rather it was an overcorrection of a stock market that was too high and too inflationary. The 1920s was a period of good and strong economic gain, but with an abundance of speculating market traders, it became unstable. The real...
Hurricane Sandy, Government Machinations, and Congressional Finances: One Year Later
What a year it has been since Hurricane Sandy hit the US on October 28-30, 2012. The size and scope of Superstorm Sandy is a perfect analogy of the the fiscal ineptitude that has churned up in Congress over the last year. Nearly three months after the Hurricane, the Sandy Relief bill was passed. It almost didn't make it in Congress at all, having been caught up in the "Fiscal Cliff" crisis of January 1, 2013. No one denied that those citizens who were affected by the catastrophic and legendary...
Leviathan is Wounded. And Hungry.
In case you missed it, Harry Reid displayed the most incredible mind reading skills this past week during an interview on Nevada Public Radio. As reported by Roll Call, the Senate Majority Leader explained that, “The only people who feel there shouldn’t be more coming in to the federal government from the rich people are the Republicans in the Congress,” He went on to declare that “Everybody else, including the rich people, are willing to pay more. They want to pay more.” He also went on to...
Are Obamacare Enrollment Pressures Unconstitutional?
As each day passes, the various facets of Obamacare are getting implemented in order to be fully operational by January 1, 2014. But we are hearing about the difficulties in the implementation caused primarily by either 1) the website fiasco; 2) low number of enrollees; and 3) people wanting to pay the penalties in order to avoid having to pay for intentionally overpriced health “insurance”. In order to achieve adequate and targeted enrollment in Obamacare those representing the Government...
Detroit’s $320 Million Federal Aid Package
Right before the government shutdown, Detroit received a pledge for a $320 million federal “aid package”. The Obama Administration wants to make it perfectly clear: this is not a bailout. That word is too toxic during this time of fiscal instability in Washington. This is relief. A stimulus. It is a hand-up, not a hand-out, and, as the NY Times reports, this will not be the only federal infusion that Detroit receives to get back on its feet. Some questions immediately come to mind: 1) Various...
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