Friday, May 20, 2011

The Health Care Debate

204 more waivers have been granted by the administration.  That is, health care waivers that the administration will only grant to those politically connected, now total 1,372 according to hotair.com.  This goes to show just how wonderful this legislation is (and the accompanying regulations are) that so many are seeking waivers.

If you are new to the health care debate and realize what is at stake, then we would highly recommend you consider the following:

1.  Health care costs have skyrocketed - far surpassing the rate of inflation - due to the actions of the federal government.

2.  The housing market has still not yet recovered - and 28% of homeowners now have mortgages with negative equity - mainly due to the actions of the federal government.

3.  With the obvious exceptions of defense, police, courts, and emergency services; the federal government is responsible for rising costs and diminishing quality of almost every aspect of our lives - agriculture, energy, education, transportation, labor, financial services, housinghealth care, etc - all the while eroding the value of the dollar and punishing those trying to save for the aforementioned products and services.  Mike Shedlock has stated that inflation "is a stealth tax on the middle class and poor whose wages never keep up with inflation".

Two phenomenal resources for reading up on the issue of health care are David Gratzer of The Manhattan Institute and especially Michael F. Cannon of The Cato Institute.  Both have provided extensive analyses as to why a free market overhaul of our health care system is needed--all while maintaining the promises made to our senior citizens.

Former U.S. Comptroller General David Walker has stated that the one domestic issue that puts our country at the greatest financial risk is health care.  He has also stated that the unfunded liabilities of Medicare are fives times greater than the unfunded liabilities of Social Security.  The National Center for Policy Analysis (NCPA) has reiterated that unfunded liabilities of Medicare are approximately five times greater than Social Security.


Monday, May 16, 2011

Two Excellent Resources

Two great sites that are worth visiting, if you have not yet already, are LonelyConservative.com and RightDirection.com.

Lonely Conservative - observations from a New York State conservative.

Right Direction - moving New Jersey and America in the Right direction towards Reagan conservatism.

Saturday, May 7, 2011

Hayek Was Right and Keynes Was Wrong

Another creative video shows the concepts of Friedrich Hayek being debated against the dangerous theories of John Maynard Keynes.  This video is the sequel to the first educational and entertaining creation of John Papola and Russ Roberts.

Fannie Mae is another example of a Keynesian experiment gone wrong, at the taxpayers expense.  Not surprising that Fannie Mae is seeking even more taxpayer funds:

Mortgage finance giant Fannie Mae (FNMA.OB) on Friday said it would ask for an additional $8.5 billion from taxpayers as it continues to suffer losses on loans made prior to 2009.

The largest U.S. residential mortgage funds provider reported a net loss attributable to common shareholders of $8.7 billion, or $1.52 per diluted share, in the first quarter.

Including the latest request, the firm has taken about $100 billion from the U.S. government since it was seized in 2008, though it has also paid about $12.4 billion to taxpayers in interest.