Tag Archives: ObamaCare

Fleeing Reality

“If Congress wants to get serious, and be taken seriously, it can start by doing its job.  It can debate and pass individual appropriations bills—a task that Congress has not completed in eight years.  And perhaps Congress can cut some of the stupidity in government spending.  The House deserves some credit for trying—it passed four appropriations bills—but the Senate deserves none. Mr. Reid did not pass a single appropriations bill in 2013, thus shielding vulnerable members of his party from having to make tough votes.”  Senator Tom Coburn

Tom Coburn: The Year Washington Fled Reality

‘Message discipline’ can win elections but is not a healthy way to run a country.

 The Wall Street Journal, December 31, 2013, p. A 13

The past year may go down not only as the least productive ever in Washington but as one of the worst for the republic.obama-train-wreck-high-speed-rick-scott-florida-governor-republican-obama-high-speed-rail-system-sad-hill-news15

In both the executive branch and Congress, Americans witnessed an unwinding of the country’s founding principles and of their government’s most basic responsibilities. The rule of law gave way to the rule of rulers. And the rule of reality—in which politicians are entitled to their own opinions but not their own facts, as Sen. Daniel Patrick Moynihan liked to say—gave way to some politicians’ belief that they were entitled to both their own opinions and their own facts. It’s no wonder the institutions of government barely function.

On health care, President Obama oversaw a disastrous and, sadly, dishonest launch of his signature achievement. The president gave an exception to employers, but not to individuals, without any legal basis, and made other adjustments according to his whim. Even more troubling was his message over the past three years that if you like your plan, you can keep it, and that if you like your doctor, you can keep your doctor. We now know that the administration was aware that these claims were false, yet Mr. Obama continued to make them, repeatedly.

In 2014, millions of Americans will likely discover that the president’s claim that the average family will save $2,500 on health insurance was equally disconnected from reality.

The president apologized in part for his statements, but his actions reveal the extent to which he has conformed to, rather than challenged, the political culture that as a presidential candidate he vowed to reform. Continue reading

Tagged , , , , ,

Tax & Debt

“A people willing to vote itself a lifestyle it is unwilling to earn is a people destined for the ash heap of history.”  Anon

The Hard Fiscal Facts

Individual tax payments are up 26% in the last two years

The Wall Street Journal – November 11, 2012

imageWhile the rest of America was holding an election last week, the gnomes at the Congressional Budget Office released the final budget totals for fiscal 2012. They’re worth reporting because they illuminate the real fiscal choices that confront the country, as opposed to the posturing you’ll be hearing over the next few weeks.

The nearby table lays out the ugly details. The feds rolled up another $1.1 trillion deficit for the year that ended September 30, which was the biggest deficit since World War II, except for each of the previous three years. President Obama can now proudly claim the four largest deficits in modern history. As a share of GDP, the deficit fell to 7% last year, which was still above any single year of the Reagan Presidency, or any other year since Truman worked in the Oval Office.

Tax revenue kept climbing, up 6.4% for the year overall, and at $2.45 trillion it is now close to the historic high it reached in fiscal 2007 before the recession hit. Mr. Obama won’t want you to know this, but this revenue increase is occurring under the Bush tax rates that he so desperately wants to raise in the name of getting what he says is merely “a little more in taxes.” Individual income tax payments are now up $233 billion over the last two years, or 26%.

This healthy revenue increase comes despite measly economic growth of between 1% and 2%. Imagine the gusher of revenue the feds could get if government got out of the way and let the economy grow faster.

Now let’s look at outlays, which declined a bit in 2012. That small miracle was achieved thanks to a 4% fall in defense spending, a 24% fall in jobless benefits, and an 8.9% decline in Medicaid spending. Continue reading

Tagged , , , , ,