Sunday, February 06, 2011

Common Sense on Social Security

ObamaCare has been pretty much exposed as a government power grab that will neither improve the people's quality of healthcare or lower costs - absent of course the bureaucratic 'death panels' that former Alaska Governor Sarah Palin pointed out. The very fact that ObamaCare has already issued some 700-plus waivers (mostly to their union and corporate friends) simply underscores how bad the attempted government takeover really is.

Although the Democrats and their sycophants in the Pravda-esque 'media' are still trying desperately to force government health-care on the American people, the American people seem to have figured out that this boondoggle is one step down the Socialist road to hell that they do not wish to take. Whether the looming debts that always accompany socialism have frightened them or whether at last we have awoken to the reality of the left's agenda is irrelevant. The facts are that the Republicans - prodded by the Tea Partiers - seem to have realized that this monstrosity must not live.

The Tax Prof today drew my attention to an interesting article in the Wall Street Journal asking whether the 1099 reporting repeal - which passed by huge margins in both Houses - is a controlled burn or a wildfire. The Journal writes:
The 1099 ObamaCare footnote thus received no scrutiny at first because it was so mundane. Everyone in Washington agreed that corporations were stealing billions of dollars every year that rightfully belonged to Congress to spend. (The issue only blew up when the IRS's National Taxpayer Advocate Nina Olson, followed by the GOP and the business lobby, made it a priority last summer.) ...
[T]otal repeal sailed through the Senate on Wednesday, 81 to 17. The mystery is the 17 Democrats who continue to think this is a good idea ,,,
The larger political question is whether voters will be satisfied by this or that "improvement" to ObamaCare. The White House is trying to outflank public opposition with a controlled burn, but wildfires often move in surprising and unmanageable directions.

However, it is apparent that some people are still laboring under misconceptions. One Linda Beale from Wayne State, writes,
I’m more and more convinced that it is not the deficit that the Republicans hollering for “entitlement reform” care about–it is that they just simply want to destroy all of the things that the New Deal did to provide a safety net for ordinary people, while making sure that they reinstate brute-force capitalism like existed in the 1920s, back when Teddy Roosevelt made his famous statement about the corporate titans and malefactors of great wealth.

Ms. Beale seems to have missed that fact that the New Deal did absolutely nothing to 'establish a safety net'. Instead, it took people's private funds, forcibly transferred them to government, who then wasted the money. Every promise made about Social Security during the New Deal has been broken. And the money is long gone - spent by successive Congresses and Administrations. Any honest comparison between the stock market and the government 'trust funds' since Social Security was established shows quite plainly that the private market does a far better job. And there is no doubt that individuals do a better job managing their own money than faceless and unaccountable federal bureaucrats.

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