Americanly Yours

The non-partisan Congressional Budget Office recently released a report saying that the President’s healthcare plan would be very costly–the CBO estimated that the plan would cost around $1,000,000,000,000 [$1 trillion] in new debt and would only decrease the percentage of people without health insurance by around 1/3.  From the CBO director’s blog:  “According to our preliminary assessment, enacting the proposal would result in a net increase in federal budget deficits of about $1.0 trillion over the 2010-2019 period. When fully implemented, about 39 million individuals would obtain coverage through the new insurance exchanges. At the same time, the number of people who had coverage through an employer would decline by about 15 million (or roughly 10 percent), and coverage from other sources would fall by about 8 million, so the net decrease in the number of people uninsured would be about 16 million or 17 million.“

In other words, this plan is extremely expensive and will only accomplish around 1/3 of its goal.

$1,000,000,000,000 [$1 trillion] over 10 years comes out to $100,000,000,000 [$100 billion] in new debt per year from this program.  If you divide that up amongst the $304 million people living in this country, the cost of this program in new debt per person per year is $328.95… BUT…

Not everyone pays (ie, the poor) or even files for taxes (ie, children) .  According to the IRS, 132,276,000 individual tax returns were filed in 2006.  Of these returns, 43,400,000 had no tax liability (and many actually had a negative tax liability).  This means that taxes were paid on 88,876,000 tax returns. [Note:  i used the 2006 IRS numbers because I was unable to find a percentage of returns that didnt pay taxes in 2007]

Now, if we take the $100,000,000,000 [$100 billion] and divide it up among the 88,876,000 income tax returns that paid taxes, we find that those Americans who do pay taxes will be forced to pay an average of $1125.16 per person per year to finance President Obama’s healthcare plan. Remember, this is an average–many Americans will be forced to pay much more than this.

And remember, this $1125.16 per taxpayer will only cover about 1/3 of those Americans who do not currently have health insurance.  Covering the other 2/3 will undoubtedly be much more expensive.

As a taxpayer, are you OK with the government telling you that you HAVE TO pay $1125.16 per year to pay for someone else’s healthcare?  If not, you need to call or email your representative and tell them that you oppose this plan–before it is too late.

Americanly Yours,

Phred Barnet

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To all liberals (and especially those who are members of the Democratic Party),

Your policies idealistic and utopian.  You push your utopian views on the rest of us. They are proposed with no consideration of reality, practicality, present or future costs. Just because it sounds good doesn’t make it so. Every penny that our country borrows has to be paid back, either through taxation or inflation. There is no way around it. Yet, you continue to push for policies which will expand our national debt.

It is completely laughable that the Democratic Party Platform—the platform under which our current President was elected contains the following quote: “We will maintain fiscal responsibility, so that we do not mortgage our children’s future on a mountain of debt.”

Anyone who disagrees with your policies is slandered as “barbaric,” “unfeeling,” or is told that they “dont care about the poor.”  Your policies of statism are barbaric.  Your policies of welfare are hurting the poor.

Your policies are schizophrenic. You offer farmers price supports and subsidies to “help out poor farmers,” yet these measures increase the costs of food which end up hurting the poor non-farmers. The same is true in tobacco: you subsidize tobacco farmers, yet push for increases in tobacco taxes. You bailout auto companies to help them survive, then you set high emission standards on their cars and fund mass transit which reduces the need for automakers.

You want to tie us all together into you definition of society: a society where were all forced to care for each other and where we are all forced to help each other.  The want to sacrifice all individual rights for the collective rights of society.  It is not wrong to care for people, it is not wrong to help people, but it is wrong for the government to force people to do so.  I dont want to be tied to anyone.  If i choose to help people, let that be my choice.  Why should I be forced to pay for the health care of others?  Why should I have to pay for their mortgages?  Why should I be forced to pay for anyone to do anything?

You conveniently ignore data and facts. For example, I have showed that no matter how high or low income taxes have been, the government still collects 19.5% of GDP and that when income taxes on the rich are lower the rich pay a higher percentage of taxes collected. Yet, for some reason which cannot be explained, you want to punish the rich and make them pay for the needs of the poor and you want to do this by raising taxes on them. No amount of graphs, facts, or charts can change your minds.

You base your decisions on feelings, ideas, and emotions, rather than logic, rationality, and facts.

You claim to seek equality for all people, yet you somehow think that this can be accomplished by treating people unequally. For example, no matter how well intentioned, affirmative action is unconstitutional as it gives preference to one group over another.

You openly disregard vast sections of the Constitution of the United States of America.  You ignore the 2nd Amendment and push for heavy restrictions on firearms, failing to realize that if these measures pass, only the law abiding citizens will give up their guns. The criminals never will.

You ignore the 9th and 10th Amendments and push for greater Federal control over the States and the People.  And yet, you demand that the government recognize the right to privacy [a right that is not explicitly mentioned in the constitution, although it is definitely a right of the people] for the purposes of allowing abortion.

You cant have it both ways, either follow the Constitution, or dont. Instead, you follow it and refer to it when it is convenient and ignore it the rest of the time.

Implementing the national health care system that you are pushing would be such a quagmire.  It will be unnecessarily expensive, it will involve the expropriation of American businesses by the government, and it will be inefficient.  It will also stifle future research.  Government does not innovate.  Private industries innovate.  The only reason that we can even talk about having a nationalized health care system is because of the innovations and improvements made by private companies in the past 100 years.  Furthermore, it is wrong to make people pay for the bad decisions of others.  What can be the rationale of forcing a person, say a Mormon who doesnt drink, smoke, over eat, or do drugs to pay for the health care of a person who drinks, smokes, and overeats?  Should the person who has a healthier lifestyle be rewarded by having to pay less for health care?  Shouldnt the person who has an unhealthy lifestyle be punished with worse health and higher health costs?

How can you possibly oppose free trade?  Free trade is the natural extension of trade.  By trade I mean the buying and selling of goods and services.  By natural extension, I mean that on the lowest level, trade exists between individuals and that free trade only means extending this practice to allow individuals and businesses from other nations to engage in this practice with individuals and businesses from our nation.  Free trade benefits all.  It allows the best quality good at the lowest cost to be sold on the open market to any person who is willing to pay for it.

You want the government to solve all of your problems.  Your policies expand the government run safety net and take away incentives to take risks. It is not the job of the government to provide the public with housing, health care, and welfare. Who is to pay for these things?

I support stem cell research too, but quite a lot of people in this country have serious moral issues with it.  I dont understand how one party can be so insensitive as to use taxation to force people to pay for a practice that they liken to murder.  Let private labs do their own stem cell research.  We have the greatest scientists in the world.  Lets set them free to do research, rather than placing them under government supervision.

You arent liberals either.  You have expropriated the term liberal and used it for yourself.  The term liberal was not used to describe people like you, in fact, it was used to describe people like me.  A liberal was known as someone who supported individual rights, civil liberties, property rights, free trade, free markets, and a gold currency standard. With the exception of some civil liberties, the Democratic party and most “liberals” disavow all of the above.

The term progressive is a far less accurate term than the term liberal. For the vast span of human history, the people were at the will of the government. The government provided the people with all of their needs, or chose to withhold the needs of the people, as it wished. It was only when classical liberal ideas like those listed above entered into the minds of the governments were people truly free to pursue their own interests. This freedom led to the progress that has been achieved in the past 250 years.

The United States of America was the first truly free society in the history of mankind. Our society stressed individual and property rights and in a relatively short span of time became an advanced nation. It is no accident that human history stagnated for so long when governments were in control of the people. It is no accident that it was 1,000 years after the fall of Rome—well into the Renaissance Age (a relatively free society) before standards of living rose to what they had under the Roman Empire.

The technological progress that we have seen in the last two plus centuries is wholly due to the fact that people have been relatively free to pursue their own interests in this period without government intervention, regulation, control, and most importantly without the government being responsible for the health and well being of its citizenry.

And yet, so called progressives continue to push for the very ideas, programs, and controls that are incompatible with continued progress.

You Democrats are proud to be a part of “The Party of Thomas Jefferson.”  If Thomas Jefferson were alive today, he would spit in your face and denounce you in the strongest terms possible.  Thomas Jefferson was a man who absolutely hated the idea of a strong central government.  He is the man who said “I consider the foundation of the Constitution as laid on this ground: That “all powers not delegated to the United States, by the Constitution, nor prohibited by it to the States, are reserved to the States or to the people.” To take a single step beyond the boundaries thus specially drawn around the powers of Congress, is to take possession of a boundless field of power, no longer susceptible of any definition.”

Six time Socialist Party candidate Norman Thomas said: “The American people will never knowingly adopt socialism. But, under the name of “liberalism,” they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened. I no longer need to run as a Presidential Candidate for the Socialist Party. The Democratic Party has adopted our platform.”

Prophetic words.

[if you are a liberal, dont think im picking on you and leaving conservatives alone–tomorrow ill be writing about conservatives and Republicans]

Americanly Yours,

Phred Barnet

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I usually dont give much notice to comments, but I received an interesting comment on my Rush Limbaugh article.  I want to repost it here without commenting to give my readers who feel that Limbaugh’s comments were insensitive a chance to see the other side’s perspective.  Again, the comment below does not represent my own opinion:

Phred,

I agree with the primary conclusions of you article. However, I think that Rush Limbaugh was completely correct in his statement of wanting Obama to fail. As a conservative with similar views to Rush, I want Obama to fail. I want him to fail because his goals run contrary to the goals that would be beneficial to America. In other words if Obama succeeds then America is more apt to fail. Why would I want Obama to succeed in creating a government based more on entitlement than liberty? Why would I want Obama to succeed in creating nationalized healthcare and destroying the greatest health care system in the world? Why would I want Obama to succeed in redistributing wealth, which would only destroy wealth in the most prosperous country in the history of man? I would not want him to succeed in any of these endeavors to radically change this great nation. Unfortunately, I think Obama is already making headway in many of his goals only 60 days into his administration, which does not bode well for liberty, America, or our way of life.

-Bart

————–
Americanly Yours,

Phred Barnet

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A few weeks back, several of my friends and I exchanged arguments over email.  I wanted to pull a quote from a response of one of my friends and use it to talk about interest rates.

“. . . TBILLS at the lowest rates ever!  We can print money for nearly no intrest [sic]. . .”

I think that this is a common misconception among people.  Yes, the FED has a target rate of 0-1/4% for the Federal Funds Rate, but this rate is only the rate that banks charge each other for overnight loans.  This is not the rate for US Government bonds which are issued to fund government debt.  In fact, US government bonds have a much higher interest rate than the overnight fed funds rate.  Government bonds are largely traded on the open market which means that they are priced through supply and demand.  The current rate on a 10 year bond (about 3%) can be found here.

We have a large national debt that is growing every day.  Of the money that we owe, our debt to China is over $1,000,000,000,000 [$1 trillion].  To continue to fund ambitious “stimulus” bills, government bailouts, and large social welfare programs like medicare and the coming socialized health care scheme, we will have to continue to borrow funds from American citizens and foreign nations.

As we increase our money supply, our money becomes worth less.  As we increase our borrowing, we have to pay higher interest rates in order to entice countries and private citizens to loan money to us.  Both of these things are happening at the same time, and happening during a global recession.  This leads me to believe that interest rates on government bonds will be rising (if no one wants to loan us money and we want to keep running a deficit, we have to raise interest rates).

We have more than doubled our money supply in the last year!  If you dont believe me, see the chart below, or click here.

But, things dont end there.  China’s Premier, Wen Jiabao recently expressed worry about the value of the dollar.  He said “Of course we are concerned about the safety of our assets. To be honest, I’m a little bit worried.”  Apparently, there is even debate within China about whether or not to continue to invest so heavily in American bonds. And of course, this is coming at a time when China is dealing with their own economic problems.  China needs to have high levels of annual economic growth in order to pacify their increasingly restless (and violent) rural populations.

China just announced a stimulus of their own totaling over $500 billion.  The money being spent on that stimulus is money that cannot be loaned to the American government.

One thing that very few people are aware of is that President Obama’s anticipated budgets for his 8 years as president (assuming that he wins a second term) have the national debt doubling to over $20,000,000,000,000 [$20 trillion]!  In order to finance these massive budget deficits, we have to borrow this money from someone.  If China turns off the loans, it is going to be very hard to find the money to continue to fund massive national programs, while fighting two wars and bailing out American industries.  China has us right where they want us… and they know it.

Americanly Yours,

Phred Barnet

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