Obama’s Next Folly – Health Care
by Frank DeMartiniPresident, it has to happen today, Obama is up to his tricks again. In February, the stimulus bill had to be passed immediately or disaster was waiting. “Cap and Trade” had to pass immediately or another crisis would occur. Now, it’s time for health care. The House must pass a health care bill this week or the American people will be in for another disaster.
So, Obama asks and Congress obeys! Here we have another 1,000 plus page bill winding its way through the House of which I am sure almost no member of Congress has read. Just get it done before anyone knows what’s going on. Make it happen fast! That appears to be the logic behind the President’s legislative agenda. If you get the ball rolling, pass it and sign it before anyone reads it.
We all know how much good the February stimulus bill did; none. If anyone had a chance to analyze it and the pork associated with it, it would have never passed. It looks like “Cap and Trade” may be dead in the Senate. People must have read it and told their Senators to make sure it dies. I guess things did not move fast enough.
Now, let us look at the health care bill. The rich are in for it again per the Democrats. The Democrats are proposing that the top income earners will see their income taxes increase in order to pay the approximate one trillion dollars that this bill will cost our future generations. The top tax rate would go up by 5.4%. This would be on couples earning more than one million dollars. The smallest increase would be on couples earning more than $350,000. They would get an additional tax bill of one percent of their income. (more…)














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