The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for February 2nd, 2010

Real Clear Politics Confirms IUSB Vision Analysis: Latest Health Care Bill Designed to Wreck Private Insurance & Make People Cry Out for a Public Option

Posted by iusbvision on February 2, 2010

UPDATE: Pelosi confirms….video and more commentary see update below.

Read this carefully…

As we at IUSB Vision have stated again and again and again…. 

Real Clear Politics:

Rather than increasing the number of insured by making health insurance more affordable, this bill makes health insurance more expensive and increases the incentive to simply drop your insurance until you need someone to pay for your medical bills. It is an attempt to turn health insurance into what the left really wants: another welfare program in which everyone is entitled to free benefits, mandated by the government. But this would wreck private health insurance, making the whole industrial financially unsustainable.

Following the usual pattern of government intervention, the health-care bill offers another intervention as the solution for the problem created by the first. The “individual mandate” requires everyone to buy health insurance and subjects us to a tax if we fail to do so. But this is an especially onerous new tax, the first tax not tied to any kind of income or activity. It’s not a tax on stock-market profits, say, or a tax on buying cigarettes. It’s just a tax for existing.

So fearing a public backlash, Congress didn’t have the guts to make this new tax very large-only $750. Yet actual insurance can cost more than $3,000 per year-and as we shall see, this legislation goes out of its way to drive up those rates by mandating more lavish coverage. So we end up getting the worst of both worlds. This provision won’t actually drive anyone to buy health insurance and prop up the risk pools for those who are insured. All it will accomplish is to create a brand new form of tax.

But the biggest power-grab in the bill is the government takeover of the entire market for health insurance. The bill requires all new policies to be sold on a government-controlled exchange run by a commissioner who is empowered to dictate what kinds of insurance policies can be offered, what they must cover, and what they can charge.

Right now, your best option for reducing the cost of your health insurance is to buy a policy with a high deductible, which leaves you to pay for routine checkups and minor injuries (preferably from savings held in a tax-free Health Savings Account) but which covers your needs in catastrophic circumstances-a bad car accident, say, or expensive treatment for cancer. This is the kind of coverage I have.

But the health-insurance exchange is intended to eliminate precisely this kind of low-cost catastrophic coverage. Its purpose is to force health-insurance companies to offer comprehensive coverage that pays for all of your routine bills-which in turn comes at a higher price. So under the guise of making health insurance more affordable, this bill will restrict your menu of choices to include only the most expensive options.

So there we have the real essence of this bill. It restricts our choice of which insurance to buy and pushes us into more expensive plans. At the same time, it destroys the economic incentive to purchase insurance in the first place and replaces insurance with a free-floating tax on one’s very existence.

By all means, let’s debate some of that in the Senate.

When you understand what this bill does, you can see why the Democrats would be happy to compromise and drop the public option-for now. This bill so comprehensively wrecks private health insurance that pretty soon a “public option” will seem like the only alternative, and they will already have put into place one of the new taxes needed to pay for it. If the left’s goal is to impose socialized medicine in America, this bill does it in the most callous and destructive way possible. It smashes private health care-then leaves us stranded in the rubble, at which point we will be expected to come crawling back to the same people who caused the disaster and ask them to save us.

UPDATE – Speaker Pelosi used IUSB Vision writer Chuck Norton’s exact words “make them cry out for a public option” on C-Span.

Also in the clip Speaker Pelosi makes the outrageous statement that the Health Care Bill negotiations were the most transparent ever. Pelosi said that they had witnesses in committee hearings, townhall meetings and people talked about the bill on the internet.

What she doesn’t say is that most of the bills were written outside of the normal committee markup process which makes that irrellevent and Republicans and the public/press got to see the 2000 page bills only just a short time before a final vote….at which time it was a mad scramble to see what was in them and talk about it on the internet before the vote.

An example of the most transparent process ever…. LINK

Of course Speaker Pelosi loved townhall meetings before she demonized them LINK.

Posted in 2012, Chuck Norton, Economics 101, Health Law, Is the cost of government high enough yet?, Obama and Congress Post Inaugration | 2 Comments »

Tea Party leads both Democrats and Republicans on the generic congressional ballot among independents.

Posted by iusbvision on February 2, 2010

We informed readers previously that Democrat Party ID (voter self identification) is at an all time low, but now we move to something even more interesting. 

The Tea Party leads both Democrats and Republicans on the generic congressional ballot among independents. This means that generic tea Party candidate vs generic Democrat candidate vs generic Republican candidate the Tea Party candidate wins.

Rasmussen polls have called elections often within a tenth of a point of the actual result.  

It is difficult to understate the impact of this news.

Keep in mind that Ross Perot received about 19% of the vote and the last successful third-party sweep of election was Abraham Lincoln’s new Republican Party which formed to oppose the Democrats and the Whigs.

Expect Democrats to try and demonize the Tea Party people with smears and lies, such as what MSNBC has been doing by taking pictures and information from LaRouchie’s and attributing them to the Tea Party participants LINK.

Rasmussen Reports:

Among voters not affiliated with either major party, the Tea Party comes out on top. Thirty-three percent (33%) prefer the Tea Party candidate, and 30% are undecided. Twenty-five percent (25%) would vote for a Democrat, and just 12% prefer the GOP.

Among Republican voters, 39% say they’d vote for the GOP candidate, but 33% favor the Tea Party option.

Posted in 2012, Chuck Norton | Leave a Comment »

Obama Appoints Another Judicial Radical – Says Rulings Depend on Race

Posted by iusbvision on February 2, 2010

We had told you about the first judicial radical President Obama appointed Judge Hamilton, who tried to dictate to the Indiana Legislature what kind of prayers could be delivered at the opening of session. Hamilton’s silly ruling was overturned on appeal as has many others of his. Hamilton has also been scolded for ignoring law and precedent.

I would have posted this earlier but I had missed this story and ran into it recently.

Washington Times:

Another day, another Obama nominee who doesn’t appear to love America. Another nominee who thinks the United States is inherently racist. Another nominee who thinks that judges should let their “ethnic and racial background” have an effect on how they conduct their trials. President Obama’s radicalization of American government needs to be stopped.

In this case, the nominee is Northern California federal district court nominee Edward Chen, forwarded by the Senate Judiciary Committee to the full Senate last Friday on a party-line vote. Mr. Chen is currently a federal magistrate in San Francisco, and a lawyer long active with the American Civil Liberties Union before that.

Judge Chen’s words speak for themselves. When the congregation sang “America the Beautiful” at a funeral, Judge Chen told the audience of his “feelings of ambivalence and cynicism when confronted with appeals to patriotism – sometimes I cannot help but feel that there are too much [sic] injustice and too many inequalities that prevent far too many Americans from enjoying the beauty extolled in that anthem.”

In a speech on Sept. 22, 2001, he said that among his first responses to the Sept. 11 terrorist attacks on America was a “sickening feeling in my stomach about what might happen to race relations and religious tolerance on our own soil. … One has to wonder whether the seemingly irresistible forces of racism, nativism and scapegoating which has [sic] recurred so often in our history can be effectively restrained.”

And talking about the role of judges, he in effect embraced the “empathy standard” that Supreme Court Justice Sonia Sotomayor was forced to denounce in her own confirmation hearings: “Simply put, a judge’s life experiences affect the willingness to credit testimony or understand the human impact of legal rules upon which the judge must decide. These determinations require a judge to draw upon something that is not found in the case reports that line the walls of our chambers. Rather judges draw upon the breadth and depth of their own life experience…. Inevitably, one’s ethnic and racial background contributes to those life experiences.”

You get the picture. To quote and paraphrase Sen. Charles E. Schumer from another occasion, this man’s attitude “doesn’t even whisper ‘judge.’ ” Instead, it yells out that he is a biased radical willing to impose his own politics from the bench. Judge Chen should not be confirmed.

Posted in 2012, Chuck Norton, Obama and Congress Post Inaugration | Leave a Comment »