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... Even Mr Campbell stated that in the case of insurance mandates, the politicians had done too much. ...
It's not about doing too much, it's about being on the wrong side.
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Douglas Campbell, P.E.
1986 Isuzu P'up, 177,673.8 miles.
- Hella headlights (highly recommended)
- DOT C-2 back end (also recommended)
- R-12 air conditioner converted to R-406a. Saved ozone and money
- 4.1:1 final drive converted to 3.4:1. Quieter, better mileage but it's a good thing I live in the flat Midwest.
- 9/22/2007, age 21: Still running well when reluctantly sent away for reincarnation, due to body & frame rust.
Last edited by drcampbell; 09-09-2009 at 04:20 PM.
Senator Max Baucus (D-Montana) is now proposing fines up to $3800. washingtonpost.com
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Douglas Campbell, P.E.
1986 Isuzu P'up, 177,673.8 miles.
- Hella headlights (highly recommended)
- DOT C-2 back end (also recommended)
- R-12 air conditioner converted to R-406a. Saved ozone and money
- 4.1:1 final drive converted to 3.4:1. Quieter, better mileage but it's a good thing I live in the flat Midwest.
- 9/22/2007, age 21: Still running well when reluctantly sent away for reincarnation, due to body & frame rust.
1986 Isuzu P'up, 177,673.8 miles.
- Hella headlights (highly recommended)
- DOT C-2 back end (also recommended)
- R-12 air conditioner converted to R-406a. Saved ozone and money
- 4.1:1 final drive converted to 3.4:1. Quieter, better mileage but it's a good thing I live in the flat Midwest.
- 9/22/2007, age 21: Still running well when reluctantly sent away for reincarnation, due to body & frame rust.
Obama: Health Care Reform Would Not Add One Penny To The Deficit
Obama and his political friends say the healthcare plan will be paid for with the fraud that is eliminated from Medicare.
My question: If fraud is so large in Medicare and we appear to know about it, why hasn't something been done before this...or were we just waiting for the Healthcare Plan to come along so we could finance it??????????
And, if Medicare is so full of fraud, what makes anyone think the Healthcare Plan won't also be full of fraud. (Oh wait, I get it...this time it will be different! )
And, how many more employees and offices are going to have to be created to clean up this fraud and at what cost??
If they fine families & employers $3800/year for not buying medical insurance, (and figure out a way to collect money which isn't there) it probably will be revenue-neutral. Or even if they can't figure out how to collect money from people who don't have any - they can list the money "owed" as an asset and balance the books with it.
__________________
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Douglas Campbell, P.E.
1986 Isuzu P'up, 177,673.8 miles.
- Hella headlights (highly recommended)
- DOT C-2 back end (also recommended)
- R-12 air conditioner converted to R-406a. Saved ozone and money
- 4.1:1 final drive converted to 3.4:1. Quieter, better mileage but it's a good thing I live in the flat Midwest.
- 9/22/2007, age 21: Still running well when reluctantly sent away for reincarnation, due to body & frame rust.
Last edited by drcampbell; 09-11-2009 at 06:58 AM.
What happened to the left's holy grail of "choice"?
I can choose to kill an unborn baby (often at taxpayer expense), but I will be punished if I choose to not purchase insurance for it?
Once again, the ideas we're getting from the left place further controls and restrictions on people, taking away their freedom piece by piece.
It's not really leftist when it's benefitting business.
This "lefty" here wants single-payer or what is basically medicare for everybody and I don't want this money to pass through the treasury.
Obama's healthcare "reform" is nothing more than a way to get more money to pass through the treasury that can be borrowed against to pay for the bailout much in the same way George Bush 1 looted the Social Security trust fund.
When Obama says that not reforming healthcare will bankrupty the country, he is right because the revenue stream to pay for the bailout just isn't there.
There is not a single state that requires you to purchase auto insurance.
If you don't want/need to drive, you are free to not purchase insurance. If you do choose to drive, you are often required to have LIABILITY insurance because your car is capable of doing great harm to life and property of others. You are free to not pay for coverage to pay for damages to your own life or car.
A free society protects citizens from doing harm to each other but should allow citizens to make their own decisions on their own personal risks.
And again, this $1,000 FINE is not a premium/payment for insurance, it is simply a penalty for not purchasing something that you may or may not want. Your are deprived of the freedom to make a choice on this personal decision that should affect nobody but yourself.
We're taking yet another whack at the tree of liberty.
It is unbelievable.
DirtFarmer must be moonlighting as a FoxNews.com political analyst:
If you're concerned about runaway federal spending, here is some encouraging news:
Quote:
Originally Posted by FDR
In a message to Congress on Social Security on Jan. 17, 1935, FDR said that "except for the money necessary to initiate it, (the Social Security system) should be self-sustaining in the sense that funds for the payment of insurance benefits should not come from the proceeds of general taxation. ... It is proposed that the Federal Government assume one-half of the cost of the old-age pension plan, which ought ultimately to be supplanted by self-supporting annuity plans.
See? Just a little up front money to get the ball rolling and from then on, it's free!
Now he said that it may take a little time. Since those "self-supporting annuity plans" have had 75 years to compound interest, I bet that any day now, social security will cease to cost the taxpayers a penny!
Combine that with the single payer health care system that will also be budget neutral and we'll all be on easy street!
If you're concerned about runaway federal spending, here is some encouraging news:
See? Just a little up front money to get the ball rolling and from then on, it's free!
Now he said that it may take a little time. Since those "self-supporting annuity plans" have had 75 years to compound interest, I bet that any day now, social security will cease to cost the taxpayers a penny!
And it would have been "self-sustaining" if the money taken out for it, had been put in a separate fund to be used solely for SS instead of spent as being part of general funds.
And you can blame just about every single Congressman since 1935 for that.
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I do not doubt that you are right. The problem is that the government grows to meet (and often exceed) all revenues. Instead of being invested, any "surplus" is quickly targeted for yet more spending.
Let alone if the OASDI cap were lifted and Social Security taxes collected at a flat rate ...
__________________
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Douglas Campbell, P.E.
1986 Isuzu P'up, 177,673.8 miles.
- Hella headlights (highly recommended)
- DOT C-2 back end (also recommended)
- R-12 air conditioner converted to R-406a. Saved ozone and money
- 4.1:1 final drive converted to 3.4:1. Quieter, better mileage but it's a good thing I live in the flat Midwest.
- 9/22/2007, age 21: Still running well when reluctantly sent away for reincarnation, due to body & frame rust.
FDR said that there would soon be no need for ANY taxes, let alone MORE taxes. His plan was to tax for a while, build up equity in an annuity, and then let the interest on the annuity take care of the payments to recipients.
For an investment to earn $625 billion in one year at, let's say 5% interest, all that we'd need is (625*20) = $12.5 TRILLION dollars sitting in an investment account. With compound interest (described as the 8th wonder of the world by Albert Einstein), that is certainly possible over such a long period of time.
Do you think we'd have any trouble keeping the politicians hands off of that? As AK stated, surpluses, when they occur, are swept into the general fund where they promptly disappear into thin air.
My main point was that politicians are very good at lowballing the estimates for their spending packages.
... all we'd need is $12.5 TRILLION dollars sitting in an investment account ...
A sum approximately equal to the US GDP.
There's a problem with that idea: Large (national scale) sums of money cannot simply be invested in interest-bearing bank accounts.
Every transaction has two sides. In order for you to collect interest on a deposit, somebody else has to pay interest to you, and that interest has to come from somewhere. Banks can pay interest on small deposits because they lend it out to people who are either generating a return on investment or paying rent to use it, but it's not possible to do that with sums of national size.
It would be like a society in which everybody has a nest egg and retires. It's impossible because ultimately, somebody needs to do the work.
__________________
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Douglas Campbell, P.E.
1986 Isuzu P'up, 177,673.8 miles.
- Hella headlights (highly recommended)
- DOT C-2 back end (also recommended)
- R-12 air conditioner converted to R-406a. Saved ozone and money
- 4.1:1 final drive converted to 3.4:1. Quieter, better mileage but it's a good thing I live in the flat Midwest.
- 9/22/2007, age 21: Still running well when reluctantly sent away for reincarnation, due to body & frame rust.
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