Read The Bill

KRAM1 · November 12, 2009

Amazing what one can find inside bills being rammed through Congress...especially the House version of the Healthcare Reform Act. The Wall Street Journal this morning points out some very interesting items such as:

A 69% increase in Capital Gains Tax...the last time this happened the experience was not a good one for tax revenues as it actually decreased the amount of capital gains tax revenue collected. Imagine that...you raise taxes, you get less tax revenue into the treasury, you lower taxes and tax revenues increase...a very simple concept obviously wasted on the fine folks who crafted this piece of crap legislation.

A "bailout for plaintiffs attorneys"...the Wall Street Journal calls it a "Buried Tort Bomb". The bill sets up some great stuff for lawyers and lawsuits and, in effect, removes many of the caps placed on such lawsuits by over 30 states though some very creative wording regarding "incentives". When Texas placed a cap on these often frivolous lawsuits, it saw a 50% drop in the cost of malpractice insurance and a flood of new doctors according to the Journal. get ready....

The more one really finds out about this piece of garbage legislation the more there is to not like. One can only hold out hope that the Senate has some backbone and that the Congressman get an earful from their voters "back home" before it is too late.

Maybe the Senate can keep the thing from getting too far before the 2010 mid-terms and the House members wanting to get re-elected will run like scared rabbits back into their holes...or, even better, get thrown out of office.

Unfortunately, the mid-terms are really too far away to be any kind of help, but one can dream. This is an amazing piece of legislation, but the "good news" is that folks are waking up to many of the problems this bill creates and may have the opportunity to force some changes before it is too late.

Anyway, good stuff in the Journal today...maybe you would want to take a look.

untbowler · November 12, 2009

Amazing what one can find inside bills being rammed through Congress...especially the House version of the Healthcare Reform Act. The Wall Street Journal this morning points out some very interesting items such as:
A 69% increase in Capital Gains Tax...the last time this happened the experience was not a good one for tax revenues as it actually decreased the amount of capital gains tax revenue collected. Imagine that...you raise taxes, you get less tax revenue into the treasury, you lower taxes and tax revenues increase...a very simple concept obviously wasted on the fine folks who crafted this piece of crap legislation.
A "bailout for plaintiffs attorneys"...the Wall Street Journal calls it a "Buried Tort Bomb". The bill sets up some great stuff for lawyers and lawsuits and, in effect, removes many of the caps placed on such lawsuits by over 30 states though some very creative wording regarding "incentives". When Texas placed a cap on these often frivolous lawsuits, it saw a 50% drop in the cost of malpractice insurance and a flood of new doctors according to the Journal. get ready....
The more one really finds out about this piece of garbage legislation the more there is to not like. One can only hold out hope that the Senate has some backbone and that the Congressman get an earful from their voters "back home" before it is too late.
Maybe the Senate can keep the thing from getting too far before the 2010 mid-terms and the House members wanting to get re-elected will run like scared rabbits back into their holes...or, even better, get thrown out of office.
Unfortunately, the mid-terms are really too far away to be any kind of help, but one can dream. This is an amazing piece of legislation, but the "good news" is that folks are waking up to many of the problems this bill creates and may have the opportunity to force some changes before it is too late.
Anyway, good stuff in the Journal today...maybe you would want to take a look.

Hope you have a fire suit on and get ready to be called a bible-thumping, racist, Republican, who hates the poor, and less fortunate.

Hopefully the Senate grows a set and kills this bill qucikly.

UNT90 · November 12, 2009

Amazing what one can find inside bills being rammed through Congress...especially the House version of the Healthcare Reform Act. The Wall Street Journal this morning points out some very interesting items such as:
A 69% increase in Capital Gains Tax...the last time this happened the experience was not a good one for tax revenues as it actually decreased the amount of capital gains tax revenue collected. Imagine that...you raise taxes, you get less tax revenue into the treasury, you lower taxes and tax revenues increase...a very simple concept obviously wasted on the fine folks who crafted this piece of crap legislation.
A "bailout for plaintiffs attorneys"...the Wall Street Journal calls it a "Buried Tort Bomb". The bill sets up some great stuff for lawyers and lawsuits and, in effect, removes many of the caps placed on such lawsuits by over 30 states though some very creative wording regarding "incentives". When Texas placed a cap on these often frivolous lawsuits, it saw a 50% drop in the cost of malpractice insurance and a flood of new doctors according to the Journal. get ready....
The more one really finds out about this piece of garbage legislation the more there is to not like. One can only hold out hope that the Senate has some backbone and that the Congressman get an earful from their voters "back home" before it is too late.
Maybe the Senate can keep the thing from getting too far before the 2010 mid-terms and the House members wanting to get re-elected will run like scared rabbits back into their holes...or, even better, get thrown out of office.
Unfortunately, the mid-terms are really too far away to be any kind of help, but one can dream. This is an amazing piece of legislation, but the "good news" is that folks are waking up to many of the problems this bill creates and may have the opportunity to force some changes before it is too late.
Anyway, good stuff in the Journal today...maybe you would want to take a look.

How dare you quote such an obvious right wing rag like the Wall Street journal! It is sooooo obvious that they are just spinning this to suit their political purposes. So what that there is an increease of 69% in capital gains tax? All those rich people don't deserve that money, anyway. They should just take it and give it to the poor. It's only the right thing to do.

Jimmy Carter was the greatest President this county has ever known!

Edited November 12, 2009 by UNT90

DeepGreen · November 12, 2009

Jimmy Carter was the greatest President this county has ever known!

Amen! I miss the 21%+ interest rates we had during the Carter years.

Censored by Laurie · November 12, 2009

Amen! I miss the 21%+ interest rates we had during the Carter years.

Seriously? That sounds wonderful.

UNT90 · November 12, 2009

Seriously? That sounds wonderful.

Such a capitalistic point of view for a hippie.

eulesseagle · November 12, 2009

Please do not forget JAIL TIME for failure to purchase MANDATED health insurance.

nice little clip on Pelosi:

http://hotair.com/archives/2009/11/12/pelo...acare-coverage/

FirefightnRick · November 14, 2009

Please do not forget JAIL TIME for failure to purchase MANDATED health insurance.
nice little clip on Pelosi:
http://hotair.com/archives/2009/11/12/pelo...acare-coverage/

Sen. Akaka Says ‘I’m Not Aware’ of Constitution Giving Congress Authority to Make Individuals Buy Health Insurance

When asked if there was a specific part of the Constitution that gives Congress the authority to make people buy health insurance, Akaka said: “Not in particular with health insurance. It’s not covered in that respect. But in ways to help citizens in our country to live a good life, let me say it that way, is what we’re trying to do, and in this case, we’re trying to help them with their health.”

.

In a recent interview with CNSNews.com, Sen. Orrin Hatch (R.-Utah), a longtime member of the Senate Judiciary Committee, said that it was “not constitutionally sound” for Congress to mandate that individuals buy health insurance.

“But here would be the first time where our [federal] government would demand that people buy something that they may or may not want,” said Hatch. “And, you know, if that’s the case, then we didn’t need a 'Cash for Clunkers,' all we had to do is have the federal government say you all got to buy new cars, no matter how tough it is on you. You know, they could require you to buy anything. And that isn’t America. That’s not freedom. That’s not constitutionally sound.”

Rick

hickoryhouse · November 14, 2009

Sen. Akaka Says ‘I’m Not Aware’ of Constitution Giving Congress Authority to Make Individuals Buy Health Insurance
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Rick

Why should congress care about little things like the constitution... unimportant and over rated.....

Jack Reed (D-RI) could learn from him. Sen. Reed was asked by a reporter “where in the Constitution does Congress get its authority to mandate that individuals purchase health insurance?”
Reed responded, “I would have to check the specific sections, so I’ll have to get back to you on the specific section. But it is not unusual that the Congress has required individuals to do things, like sign up for the draft and do many other things too, which I don’t think are explicitly contained (in the Constitution).”

Funny stuff... Constitutionality of the draft is easily found by reading article 1 of the Constitution, Article 1 section 8.

Perhaps the Constitution should be required reading for our elected federal officials