Health Care Bill

I took the following passage from one of Charles Payne's daily writings. I get his thoughts twice per day in my business email. He is the CEO of Wall Street Strategies and probably gets more air time on the business channels than any other black man. I respect him for his work ethic, conservative principles, writing style and faith in family and God.

"I believe that this bill will prove to be the Achilles heel of the Democrats, but it opens the door for more attacks on big businesses, too.

The CBO scoring of the bill is a joke as it defies commonsense. Really, is there a single person that honestly believes we are going to add 32 million more people to the healthcare system and costs are going to go down, doctor visits will not be rationed, and there will be less fraud, waste, and abuse? None of these estimates has ever been even remotely close. In 1965 when Medicare was being passed the official cost estimate put the 1990 price tag at $12.0 billion. Well maybe it felt like that number would hold as the 1966 cost was only $3.0 billion. The actual 1990 tally was $107.0 billion or 790% more than expected. Of course there are those out there that think healthcare reform is a birthright.

For these people there is always someone that is going to work hard and earn enough money to "share" with society. For these people the dreams an individual has are subordinate to the needs of the masses. So, if you're working two jobs to put your children through college that's too bad as someone else needs that money and even if they don't work they should be paid. On this line of thinking the Medicare Tax on investment income will now be 3.8% not the original number of 2.9%. Why invest? Why should anyone even work hard at all? The costs are too high with this bill. I'm not just talking about money or where it comes from but skirting the rule of law and rejecting the will of the people leaves the nation angry and vulnerable."