02 November 2009

WSJ: ObamaCare Is The Worst Bill Ever

Washington has produced its share of terrible bills (and I will pass on the easy Bill Clinton shot . . wait, did I just do that?) but according to the Wall Street Journal's Op-Ed pages, the current Health Care bill is the "The Worst Bill Ever!" According to the article:

In a rational political world, this 1,990-page runaway train would have been derailed months ago. With spending and debt already at record peacetime levels, the bill creates a new and probably unrepealable middle-class entitlement that is designed to expand over time. Taxes will need to rise precipitously, even as ObamaCare so dramatically expands government control of health care that eventually all medicine will be rationed via politics.
Um . . .

The Journal lists four primary reasons as to why this bill is a disaster waiting to happen.

  1. The spending surge: while Pelosi and company continue to contend that the bill will only cost the country a paltry $829 billion, the CBO is figuring the cost to top a cool trillion, or roughly equivalent to the gallons of botox that Nancy Pelosi has poured into her jowls to keep that sneer in place.
  2. Expanding Medicaid, gutting private Medicare: In this case the democrats are looking to take money from a Medicare program that already has "unfunded liabilities" of some $37 trillion over 75 years and drop it into an even larger government behemoth. Debt to pay debt? Only possible with Obamath.
  3. European levels of taxation: Were talking $572 billion dollars in new taxes that is sure to pound American businesses. There is a simple truth about taxation: if you want to stop an activity, tax it. In this case we're talking about jobs. Rest assured that European levels of taxation are always followed by European levels of unemployment (though I still believe European techno club music will remain optional).
  4. The insurance takeover: "The political incentive will always be for government to expand benefits and reduce cost-sharing" which means: defined coverage levels and medical rationing will be determine by Washingon D.C. And you thought Doctor visits were a pain in the past.

Nancy Pelosi has "reportedly told fellow Democrats that she's prepared to lose seats in 2010 if that's what it takes to pass ObamaCare." I'm sure that passing this "worst of" bill will spell tremendous congressional gains for the GOP, but that would be small consolation after giving our children and their children trillions in national debt, government controlled insurance and rising unemployment.


  1. Nikki said...

    Nancy is prepared to lose her seat?? I mean, is she a crack head? The misnomer here that democrats can't admit is the TOTAL political gamble this is for Obama. His Presidency basically will die or die under this bill. He and his peeps are ridiculously stupid...Great piece from the WSJ! :)N