The federal government has just decided that poverty for family of 4 in New York City means an income of up to $37,500, not $22,500. Quite a leap. As before, the figure excludes earned income tax credit cash checks from the government and also medical and other non-cash assistance.
There was a particular moment when John McCain lost the presidency. No, it wasn’t when he chose Sarah Palin.
If one makes over $200,000/year and if one realizes at least $250,000 in gains if single or at least $500,000 if married, on the sale of a home, one gets to pay (an additional) 3.8% to the federal government.
Obamacare creates perverse incentives for employers to cut hours
The use of the “Gestapo” term is over the top, and it is worth noting how horrible the real Gestapo was. It had the power to both torture and execute citizens for no reason in Hitler’s empire.
However Governor LePage’s point is extremely valid.
In the recent health care ruling Justice Roberts showed the way for Obamacare. It is simply a tax, and as we know Congress has this expressed power under the Constitution.
This is of course a stretching (at best) of the founder’s intent. However this avenue has been used by those who would expand the state going back to the New Deal and even before that.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people. – 10th Amendment of the US Constitution
In the wake of the Supreme Court decision regarding Obamacare I am increasingly of the opinion that the answer to an over-reaching federal government, not just in the Obamacare instance, but in the many instances where the feds appear to operate beyond the limits of the Constitution,
“It’s a con.” – Stefan Molyneux
It’s a long video but chock full of important thinking on health care and the nightmare we now find ourselves in.
Stephen Moore chief economist at the Wall Street Journal explains the costs of Obamacare for middle class Americans.
And these are just the seen costs. What about the businesses which will choose not to grow due to Obamacare burdens etc?
Yuval Levin seems to say so in the piece below. But in truth the law is better, not worse. It is better because in Justice Robert’s own words, it will now be “lawful, not unlawful” to say no to government defined medical insurance. Under the original bill, it was unlawful. You still pay for the privilege of saying no, but you aren’t breaking the law if you do. If this change had not been made, it could eventually have become a jail term for not buying government defined insurance.
I know the answer. You know the answer. But what will the Supreme Court say? We’ll soon know.
(From CNSNews.com in 20120)
CNSNews.com: “Madam Speaker, where specifically does the Constitution grant Congress the authority to enact an individual health insurance mandate?
Pelosi: “Are you serious? Are you serious?”
Attached is an excellent article by Michael Tanner at the National Review which explains why it is that businesses are reticent to expand these days.
Government is too big.
I used to do more videos. I might start trying to do one a week. We’ll see.
Below my thoughts on Bernanke’s congressional hearing yesterday and why the economy continues to struggle.
Some of the best reporting on crony capitalism being done right now is by Tim Carney at the Washington Examiner. The attached story is another great one.
During the Obamacare battle much was made of Obama’s effort at reining in the insurance and drug industries, for the sake of the “American people.”
Of course “health care reform” came out to benefit of both industries, throwing up a nice government mandated firewall around much of both industries.
The reason Obama said this recently at a fundraiser in New England was because he honestly believes proposals such as the (increasingly dead) Ryan plan are extreme. Not even close Mr. President. Not even close.
Basically Obama is a statist. Some people consider the word a sort of slur, which it is not. Obama is committed to the state. That’s who he is. He believes that Washington is full of smart people and that the rest of America should just fall in line.