ANOTHER DAY, ANOTHER LIBERAL JUMPS FROM THE OBAMACARE TITANIC

Another member of the far left, "Obama approved" media member has jumped off the Obamacare Titanic. John Cassidy, a staff writer for The New Yorker, is a fervent supporter of socialized health care, and whose essay on Karl Marx was nominated for a National Magazine Award, gives a blunt, logical, and revealing breakdown of H.R. 3962. Below are some excerpts from a November 4th article written by Mr. Cassidy in The New Yorker, entitled, Some Vaguely Heretical Thoughts on Health-Care. (my bold and headlines for emphasis and reading ease):

WHITE HOUSE DEALS WITH "EVIL" BIG INSURANCE COMPANIES

The White House has reached a deal with the big health insurers, such as Aetna and CIGNA. In return for the industry’s agreeing to cover people with preëxisting health conditions, and making various other more minor concessions, the government will force more than twenty million new customers into its arms.

FUTURE COST SAVINGS? "SLEIGHT OF HAND"

The future cost savings that the Administration and its congressional allies are promising to deliver are based on wishful thinking and sleight of hand. Over time, the reform, as proposed, would almost certainly add substantially to the budget deficit, thereby worsening the long-term fiscal crisis that the country faces.

ENFORCER? THE I.R.S.

Who would police the new system, and how much would it cost? The answer to the first question is the Internal Revenue Service.

MASSIVE TAX INCREASES

I am a big supporter of progressive taxation, but at some point it becomes politically unsustainable.

If health-care reform goes through, and the Bush tax cuts expire in 2011, top earners will face a marginal tax rate of forty-five per cent at the federal level. Add in state and local taxes, plus Social Security and Medicare payments, and wealthy people in New York, say, would be facing tax rates of about sixty per cent. As sure as night follows day, this would generate more tax evasion and a political backlash. Without a doubt, the next Republican-controlled Congress would reverse the changes.

GOVERNMENT CUTTING COSTS? PULEAZE!

Does anybody really believe that these savings will materialize? For decades now, Congress has been promising to reduce the growth of Medicare outlays, and yet every year they continue to go up.

BOTTOM LINE: ONCE STARTED, IMPOSSIBLE TO STOP

What is really unfolding, I suspect, is the scenario that many conservatives feared. The Obama Administration, like the Bush Administration before it (and many other Administrations before that) is creating a new entitlement program, which, once established, will be virtually impossible to rescind. At some point in the future, the fiscal consequences of the reform will have to be dealt with in a more meaningful way, but by then the principle of (near) universal coverage will be well established. Even a twenty-first-century Ronald Reagan will have great difficult overturning it.

This is not coming from a "Blue Dog" Democrat, folks. This is from a very liberal, or "progressive" member of the left wing, mainstream media. He admits that it will be "enforced" by the IRS, the promises of cost savings are bogus, the tax increases are exorbitant, and that the motive is to create new government bureaucracies that are virtually impossible to kill, once in place.

Speaking of the great Ronald Reagan, there is a reason he so wisely stated in his usual wit and timeless wisdom:

"A government bureau is the closest thing to eternal life we'll ever see on this earth." -- Ronald Reagan

ANOTHER DAY, ANOTHER LIBERAL JUMPS FROM THE OBAMACARE TITANIC