Unintended Consequences

The unintended consequences for passing the health care monstrosity will be far reaching and painful IF it survives the elections in November. For now the press liberals are ga-ga talking about the "historic" bill. The lies from Obama are getting further play on and on.

Bart Stupak shows himself to a fool or a knave: either he did not believe the principles he stated OR he is truly a fool for thinking an executive order can prevent the misuse of Federal money as he wanted. Any President can change an executive order at a whim. He just got a fig lief to cover his lies.

The taxes on investment are quite onerous as they are on top of the AMT and before all deductions, even before charitable contributions.

The taxes and impositions on business are huge, as is the coming obligation on the people to buy what will certainly be very, very expensive health care policies.

Overall the coming taxes on hard work, investing and effort seem so onerous, I wonder why anyone will do it ? After one reaches the very, very high marginal tax rates to come, why do more to make more money ? The government will take more than half of your income over around $250,000 in a very punitive manner. One can no longer even work more to use the omoney to give to charity, as they government will take its cut first. That tithe - 10% - is now 6.2% as the government's coming slice of 3.8% comes first. 'Why not take it easy' seems to be the order of the day.

The people reap what they sowed by electing fundamentally dishonest politicians who would send some crumbs back the the district.

For now, I'll read what's in the bill once anyone truly reads it and writes some good articles about it.

The phase-ins are rather long. BUT one idea is now in the forefront: ROTH IRA conversion. I had once rejected that thinking the gains were not enough to be worthwhile. Now the gains seems much larger and the downside lower. More analysis to come.

PS: "Historic" is not synomymous with "good". The Dred Scott decision by the Supreme Court in 1857 was historic and intended to eliminate slavery as a public issue; instead it led directly to the Civil War.

Word of the Day

"Desideratum" - noun [$10] from Latin 'desidero' meaning to long for, to desire, to miss'
Desideratum means something lacking but needed or desired.
Sentence: The principle desideratum of Congress and the health care bill is common sense.