Yesterday's Bloomberg has an opinion column by Betsy McCaughey that outlines the takeover of our healthcare system by the government. This shifts the bad care we have today from HMO's to Government. Now some government body will dictate what treatment you get and when you get it. Get ready to stand in line for that operation. Ask people in Canada and Briton how well this works out for them. Oh, and how does socializing healthcare stimulate the economy, please enlighten me. Excerpts below.
What penalties will deter your doctor from going beyond the electronically delivered protocols when your condition is atypical or you need an experimental treatment? The vagueness is intentional. In his book, Daschle proposed an appointed body with vast powers to make the “tough” decisions elected politicians won’t make.
The stimulus bill does that, and calls it the Federal Coordinating Council for Comparative Effectiveness Research (190-192). The goal, Daschle’s book explained, is to slow the development and use of new medications and technologies because they are driving up costs. He praises Europeans for being more willing to accept “hopeless diagnoses” and “forgo experimental treatments,” and he chastises Americans for expecting too much from the health-care system.
The stimulus bill will affect every part of health care, from medical and nursing education, to how patients are treated and how much hospitals get paid. The bill allocates more funding for this bureaucracy than for the Army, Navy, Marines, and Air Force combined (90-92, 174-177, 181).
Hiding health legislation in a stimulus bill is intentional. Daschle supported the Clinton administration’s health-care overhaul in 1994, and attributed its failure to debate and delay. A year ago, Daschle wrote that the next president should act quickly before critics mount an opposition. “If that means attaching a health-care plan to the federal budget, so be it,” he said. “The issue is too important to be stalled by Senate protocol.”
Again, I am not joking. This is gravely serious. Add this to the now $3 trillion total cost of the next wave of TARP, Stimulus bill, and new spending initiatives and how is this going to be paid for? Do you think taxes can cover this? We are all getting a tax cut according to the NICP, Obama, Pelosi, and Reid. So what is left, corporate taxes, windfall taxes, well in this economy you can count that out with double digit decline. The $3 trillion total spending will have to come from somewhere, $325 billion is paid for already, $850+ via taxes (stimulus bill), $1 trillion for freeing up credit markets by buying toxic paper that will have to be raised by selling American bonds to other countries, sovereign wealth funds, and private investors. Well, American investors have lost 50~70% of their worth in the current market downturn, and will be taxed more for it. China, Japan, Germany(number 2, 3, 4 economies in the world) and the EU have stated they can only purchase a few bonds and only of the stimulus legislation has NO protection measures in it, which in its current form it does not. So if only we can get them to buy this, which they don't want to, that still leaves $1 trillion for the spending our tax evading Treasury Secretary just outlined and caused the markets to sink 381 points in an hour! We will print it. Welcome to double digit inflation, meaning your $1 today will have about 0.90 or less depending on the inflation rate next year. Look at Mexico and Zimbabwe for insight on inflation. Just printing money to flood the market will overheat the economy to the point of creating inflation so bad it will make Japan's lost decade look like road bump compared to the Grand Canyon.
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