Breaking News: House passes health care bill 220-215

Not much to say here other than to wince in pain at the realization that a difference of 5 votes just sold us down the river.  Democrats were clapping as the time wound down and Pelosi almost burst into tears of joy as she read the final tally.  Rep. Joseph Cao is the only Republican voting YEA in a most mind boggling last minute action considering he ruined the Republican's opportunity to label this as a Democrat only bill.  Democrats were able to gain enough votes by amending the bill with the Stupak-Pitts proposal which gave the pro-lifers "cover".  Remember this, America is hijacked by a radical minority and this is fact.  HR 3962 is supported by 18% of the people on opencongress.org and only 42% support the bill according to America's best pollster.

It is now up to the Senate of course, but this battle for the time being has been lost and Reid need only get a handful of people to tip the scale.  An amendment here or there could do the trick and of course there is always budget reconciliation - the notorious "nuclear option" as they say.

This is depressing, sad, scary and extremely disappointing.  At this point of course I am reminded of the debate we had over whether McCain or Obama would be worse for this country and it is now painfully obvious that under McCain something like this would never have happened.  Even a RINO would not hand over 1/6th of the economy and people's most intimate decisions to the government for the sake of 10-15 million uninsured at the cost of 1-3 TRILLION dollars (depending on the source). 

From Heritage
The real story about the true cost is even more dramatic. The bill is front loaded with taxes, and back-loaded with spending in the first ten years. Since most of the spending in the House bill does not fully go into effect until 2014, the 10-year cost estimates based on the preliminary CBO score (for years 2010 through 2019) only account for six years of new spending under the plan. Once it is implemented (over a full 10-year window from years 2014 to 2023), the giant House health bill carries a price tag of $2.4 trillion, or as much as $2.6 trillion with the “doc fix.”

Tonight is a great loss for America even as some clueless and naive liberals cheer.

Update:  The question of whether the mandate is legal (I want to say without even thinking - it is not) Orin Hatch offers his perspective.  Personally, I do not see how the Supreme Court allows the individual mandate to exist.   We live in a nation where the Constitution is the law of the land and every member of Congress swears to uphold it - this bill is a travesty on the deriliction of this sacred duty. 

Comments

Post a Comment

Popular posts from this blog

The 2009 credit boom is coming to an end.

Image
The credit expansion boom of 2009 will eventually go down as yet another period of credit expansion promoted by the Fed that will have lead to another predictable bust.   Today, it will be interesting to examine how the various levels of production are behaving under years and years of artificial interest rate suppression.  It will also be helpful to look at charts and graphs examining the business cycle theory and the impact of time preference as taught by Mises. For starters, those new to the concept - a very brief paraphrasing of the general idea. Under a healthy functioning market people's consumer patterns impact their savings.  More consumption equals less saving and less consumption more saving.  In order to progress the society must save such that it can make investments in machinery, equipment, technology, etc if it hopes to increase the capacity of production.   Sure ,you can harvest 10 coconuts a day, consume them by night and repeat the process.  You can also defe
Read more

What is wrong with this country?

I was browsing the latest IBD poll and it finally struck me. I had this idea brewing for the past few weeks now and this particular poll hit a nerve. What jumped out was the age group and who they are likely voting for. Obama / McCain 18-24: 74% 21% The rest of the age groups are more or less even with ages 65+ leaning more for McCain. Those folks should probably avoid leaning - hazardous to their health. Now, if you are a member of this group and are part of the 74% you are probably feeling good about yourself. If you are in the 21% then you are probably used to feeling desperate and angry that your peers ostracize you as if you were the next coming of the bubonic plague. But this number is very telling. Showing to us that a large group of freshly minted liberals, on average still in college, is in a very good position to influence these elections. Enthralled by the concept of "what they want the world to be" and their utopian ideals they hammer their message to anyone willi
Read more

401k Takeover Proposal. IRAs in danger?

Just read a piece that made my blood boil. The story is from Carolina Journal, but I will paste the first paragraph below. Even if you currently do not have a 401k, this is the most dangerous proposal I have ever heard. The only similar example I can think of, would be the gold seizure under FDR. If this proposal becomes legitimate, you MUST write to your local representative, congressman, senator, etc. This will be absolutely crippling to our economy as investors will stage a mass exodus out of the market. If you want a demonstration of this in action, look at Argentina. They just did something very similar. I will keep my eyes on the story and will add further information to demonstrate just how dangerous this is. November 04, 2008 RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration. Triggered by the
Read more