I was really angry when George Bush decided to spend my money to bail out the banking industry. I was more angry when John McCain selected a soccer mom from Alaska to be his running mate, essentially surrendering his chances at winning the presidency (I’m okay with Sarah Palin as a person and local politician, she just wasn’t ready for the big time). I was further angered when Obama was elected and threw even more money at the banking industry and took over private concerns in the United States. Then came the bonus scandal at major financial institutions, which basically took your and my money and put it in the pockets of the very people who caused the economic crisis in the first place. But this last tactic, to push through a health care bill, that might be the last straw that breaks the economy’s back, is just too much. So here are five things about Obamacare that you should consider.
- It is going to accelerate the rate of deficit spending at the federal government.
- It is going to further drain the ability of states to balance their budgets because business activity will shrink.
- People who are lucky enough to have a job will be footing the health care bill for those who do not, plus the added government administrative costs that will go along with Obamacare.
- This is going to create another pile of money for lawyers to feed from (no tort reform anywhere in this bill, at least not that anyone is talking about).
- It creates another government buracracy but does absolutely nothing to curb the cost of health care (the reason this whole debate started in the first place).
We might as well rename our country now to the United Socialist States of America. Our government has succeeded in making the word profit a four letter word. They have villainized the insurance industry at every turn pointing to their excessive profits (even though the industry as a whole is well down the list of most profitable industries). We have taken another giant step closer to the brink of economic disaster. Hang on to your wallets for dear life. It will be more difficult to pay your bills in the future.
Pete Grondin - Author of A Lifetime of Vengeance, A Lifetime of Deception, and A Lifetime of Exposure.