Archives for July 2012
One of my favorite bloggers is Dan Mitchell. Seriously, if you aren’t reading his blog, you’re really missing out. He’s got this great habit of using facts to back up his points…it’s wonderfully refreshing.
Anyway, Dan sent an email to some bloggers recently to share a video about third-party payer systems and why health care costs continue to rise. Dan also wrote a great piece about the video here.
The video, narrated by Julie Borowski of FreedomWorks shows the problems with a third-party payer system:
- People shop smarter with their own money.
- Consumers pay less out of pocket for health care.
- Consumers have no idea what their health care really costs.
- Health insurance should be about risk management, not prepaying for health care.
Republicans are running for reelection on promises to repeal ObamaCare, but the ObamaCare legislation is just the tip of the iceberg. We need to get rid of the third-party payer system, as detailed by Dan and Julie.
Here’s that video Dan referenced:
We’ve been given a taste of President Barack Obama’s campaign against Mitt Romney over the last few weeks. It’s going to be brutal, folks. Granted, Obama can’t run on his own accomplishments, or lack thereof, so the attacks against Romney are to be expected.
One of the most frequent lines of attacks are against Romney’s time a Bain Capital. Team Obama alleges that Romney shipped thousands of jobs overseas, rather than keep in them in the United States. Whether the attacks are true or not is irrelevant. As Matthew Yglesias explains, what Bain Capital did — which is actually “off-shoring,” not “outsourcing” — is nothing of which to be ashamed.
But what about President Obama, who, by the way, has taken plenty of money from Bain Capital employees? Obama’s own economic policies are sending taxpayer dollars overseas to foreign firms and through selling off our mounting national debt, as Brian Darling explains:
The problem with liars and obfuscators is that, over time, it becomes increasingly difficult to keep your story straight. Nowhere has that been more evident than in the Obama administration. Is it a tax or is it a penalty (Obama’s Solicitor General argued both sides on consecutive days before the Supreme Court in order to get the ObamaCare law upheld). Is marriage an institution pre-dating government which unites a man and a woman in a spiritual and legal union, or an oppressive anachronism based on antiquated definitions of morality? Obama has argued both sides. Are massive deficits “unpatriotic,” as he accused George Bush of being, or is it a way to stimulate the economy, as he now claims? If you like your health insurance plan, you can keep it under ObamaCare, right? Maybe not, as Obama now admits that nearly three quarters of current insurance plans will fail to meet new government standards. Is the Guantanamo Bay terrorist detention facility the symbol of America’s violation of basic human rights as Obama repeatedly claimed? If so, then why is it still open nearly three years after he promised the doors would shut?
There has been a troubling trend in state governments over the few years. As legislatures seek to fill holes in their budgets, they’ve turned to the Internet as a way to raise revenue. My home state of Georgia recently passed an Internet sales tax as a part of a broader tax “reform” law (even though it’s really not tax reform).
But the Wall Street Journal notes that the move to tax Internet sales through websites like Amazon.com is gaining more steam among Republican governors eager to find a new revenue stream:
Republican governors, eager for new revenue to ease budget strains, are dropping their longtime opposition to imposing sales taxes on online purchases, a significant political shift that could soon bring an end to tax-free sales on the Internet.
Conservative governors, joining their Democratic counterparts, have been making deals with online retail giant Amazon.com to collect state sales taxes. The movement picked up an important ally when New Jersey Gov. Chris Christie—widely mentioned as a potential vice-presidential candidate—recently reached an agreement under which Amazon would collect sales taxes on his state’s online purchases in exchange for locating distribution facilities there.
There’s no way to get around it, folks, President Barack Obama and Senate Democrats are playing a dangerous game. Rather than go along with plans to extend current tax rates for all income earner, they’re apparently ready and willing for the economy fall off the “fiscal cliff.”
Recall that the Congressional Budget Office (CBO) warned in May that if the tax cuts expired, the economy would dip back into a recession. More recently, Citigroup noted that the economy would see a 2.9% contraction next year if only “most” the tax cuts remained in place. James Pethokoukis warned that the Citigroup study is especially concerning because the “economy will be lucky to grow 2% next year.”
Unfortunately, these concerns seem to be falling on deaf ears. Sen. Dick Durbin (D-IL) told CNN yesterday that the middle class could see a tax hike if Republicans don’t act on President Obama’s tax proposal. However, Republicans are willing to act provided that President Obama and Senate Democrats agree to extend all current tax rates, including those on the middle class.
Sadly, it seems that they’re more content to play political games with the economy, as evidence by the point-of-view from one Democrat, Sen. Patty Murray, (D-WV), via the Wall Street Journal:
After the GOP convention in Tampa in August, Ron Paul’s presidential campaign and political career will officially come to an end. Despite the protestations of some hardcore supporters, Ron Paul will not be the Republican nominee and in fact, he will likely not even be nominated at the convention in Tampa.
Many supporters are gravitating towards campaign of Libertarian Party nominee Gary Johnson, however to be perfectly blunt, my three month old puppy has a better shot at being elected President than he does. In addition, there will be same number of Libertarian Party members of the House and Senate, none. This is not what I hope will happen, this is simply stating reality. If the liberty movement is to continue after the end of Ron Paul’s career, we need to lay a solid foundation for political success. I believe the best way to lay a foundation for the liberty movement is take a page from professional baseball and build a “farm team” of future leaders to run for political office and activists to work the races.
In professional baseball all Major League Baseball teams have a developmental system of minor league teams. The minor league teams are rated from AAA all the way down to A. In addition, there are special developmental leagues for rookie players drafted right out of college. Other sports leagues are trying to replicate the system to develop the next generation of professional athletes. We in the liberty movement, regardless of what we call ourselves, need to take the same approach to politics and political office.
While President Barack Obama continues to travel the nation promoting his tax hikes and other anti-free enterprise policies, a new survey from the United States Chamber of Commerce shows that only 20% of small businesses plan to hire in 2013:
Small business owners’ concerns about the future—particularly on health care and taxes-—are impacting their hiring, according to the U.S. Chamber’s fifth quarterly small business survey released today.
Only one in five small businesses (20%) expect to add employees in 2013, according to the poll of 1,225 small business owners, conducted by Harris Interactive. The majority of small businesses say they are likely to keep the same number of employees over the next year – meaning there is likely to be little change in overall unemployment figures.
Following the Supreme Court’s decision on the President’s health care law, only 3% of small business owners report that the Supreme Court’s decision to uphold the law will make them more likely to hire new employees. Seventy-two percent said the health care law will make it harder for them to hire. When asked about the impact, several respondents said they will scale back their workforce to avoid triggering the employer mandate.
With polls showing some fluctuation in the Republican Senate primary in Wisconsin, prominent grassroots groups are now lining up against each other as they side with different candidates. There is an eagerness to make sure that former Wisconsin Gov. Tommy Thompson, who supported ObamaCare, doesn’t get the nomination; however, FreedomWorks and the Club for Growth have different views on the best candidate.
The Club for Growth endorsed former Wisconsin Rep. Mark Neumann in the race late last year, noting his strong commitment to economic freedom and limited government, and launched a strong campaign against Thompson’s record, including his support of ObamaCare. And last week, the Club released this ad hitting Thompson and Eric Hovde, a Madison businessman who has seen support rise in recent weeks, on their support for higher taxes:
Newark Mayor Cory Booker has made headlines in recent years for his dedication to responding to citizen complaints via social media, for rescuing a neighbor from a house fire, and for assisting one of his bodyguards in helping a car accident victim.
Indeed, his heroism become the subject of an amusing video with Governor Chris Christie that was part of the state’s annual political correspondents dinner. This past weekend, however, he made some headlines for what many people will likely consider controversial comments about the War On Drugs:
Newark, N.J. Mayor Cory Booker took to Reddit Sunday to criticize the war on drugs, saying it was ineffective and “represents big overgrown government at its worst.”
“The so called War on Drugs has not succeeded in making significant reductions in drug use, drug arrests or violence,” the Democrat wrote during the Reddit “ask me anything” chat. “We are pouring huge amounts of our public resources into this current effort that are bleeding our public treasury and unnecessarily undermining human potential.”
Booker then called drug arrests a “game.”
“My police in Newark are involved in an almost ridiculous game of arresting the same people over and over again and when you talk to these men they have little belief that there is help or hope for them to break out of this cycle,” he wrote.
Here’s exactly how Booker put it in his Reddit “Ask Me Anything” session:
With the push for tax hikes on higher-income earners in full swing, a new report from Citigroup shows that President Barack Obama’s plan is not going to avoid another recession. Via James Pethokoukis, the table below shows that even with extending the tax cuts for lower and middle class Americans, we can still expect a 2.9% contraction in the economy:
Unfortunately, the White House and Democrats in Congress aren’t interesting in deal-making. In fact, they’re threatening to let the country go over the “fiscal cliff” if they don’t get their way on taxes.