Our freedoms at risk

Not for the faint of heart:

Of course, the overhaul is supposed to provide us with security. But it will result in skyrocketing insurance costs and physicians leaving the field in droves, making it harder to afford and find medical care. We may be about to live Benjamin Franklin’s adage, “People willing to trade their freedom for temporary security deserve neither and will lose both.”

The sections described below are taken from HR 3590 as agreed to by the Senate and from the reconciliation bill as displayed by the Rules Committee.

Keep reading.

2 thoughts on “Our freedoms at risk”

  1. That is one ugly list you have linked George. And the declining disposable income it foretells will hurt the Dems for sure. But that is not the end of it, because you must then ask “what will be the long-term economic effects of the increased cost of living for families and the increased costs of doing business for business enterprise?” Three words–permanently higher unemployment.

    What is really and truly going to spell doom for the Dems long-term, and I say that because it will probably take between 2 1/2 to 3 1/2 years for it to become fully evident, will be the effect of this massive nationalization of a significant portion of our economy on jobs.

    It comes from all directions. The first will be on American domestic consumption, which can only fall with declining disposable income–go to that link if you don’t see it–which will mean millions in either lost jobs or jobs never created.

    The $70-$80 billion in projected additional spending over the first three years alone will mean new debt purchased internationally, because the Chinese, Indians, and others do not want to buy what we sell with the dollars they earn from doing business with us. How many jobs lost does that add up to? Remember, a billion is a big number. Answer: It means millions more in lost jobs.

    With the rising international debt of the U.S. comes an increased threat to the use of the dollar as a standardized currency, the strength of which helps to keep down interest rates we pay on our debt. We were threatened by the G-8 nations in Torino, Italy in July of last year on this issue. So when we start paying a higher interest rate on our U.S. Treasury bond issues, billions more will be added to debt we incur in the future. So go back to the previous paragraph and dynamically score the first three years of debt up by about $10 billion.

    Think the Federal Reserve is going to sit still while government bonds are thus threatened? No way! You only have to go back just less than one month to see Bernanke’s warning to Congress. “Bernanke warned … that the United States could soon face a debt crisis like the one in Greece.” Do you know the implications of this? Well … oh hell … I’m tired of trying to talk dollars and sense, and no I did not misspell anything there.

    We are looking at a permanently unemployed underclass of something like 12.5% – 15%. That will translate into votes when the reality of it is made clear.

    StJacques
     

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