"If at age 20 you are a conservative then you have no heart. If at age 30 you are a liberal then you have no brains."
Sir Winston Churchill

Obama obviously knows very little about economics, specifically that "Society stagnates when independent productive achievers begin to be socially demonized and even punished for their accomplishments." This dilemma fogs Obama's reality. To him, accepting this truth is a "false choice", his answer to things he doesn't understand. And by the way... where is John Galt?

Saturday, June 30, 2012

Obamacare Tax Increase Given Mixed Approval by Supremes

Fact: The Supreme court ruled that the only way Obamacare could be constitutional is that the mandate is in fact just another tax, which congress has the right to pass. More importantly they said you can't compel someone to buy health insurance just so you can then regulate it under the misused commerce clause. Therefore the estimated $500 billion tax increase is by far the largest increase in the history of the world. That, coupled with the $500 billion cut in medicare payments gives Obama $1 trillion which he will be able to leverage into $5 trillion of new debt to further his socialist agenda. Moreover, now that the limits of the commerce clause have been defined, hundreds of laws passed based on it will surely be open to judicial review. It could be a messy next 4 years.

As for Obamacare, I really believe that the American people through their Congress, will not let healthcare degenerate into the horrible state that Britain and Canada have fallen into. It will need a lot of tweeking as the problems show up, but it will happen because nearly all politicians do agree on the biggest points of the law. The rest can be hammered out.