Friday, July 17, 2009
Excerpted from the Wall Street Journal’s article by Greg Hitt, “Budget Blow for Health Plan”, July 17, 2009.
“We do not see the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount,” Douglas Elmendorf, director of the Congressional Budget Office, told the Senate Budget Committee. “On the contrary, the legislation significantly expands the federal responsibility for health-care costs,” he added.
Who do the President and Congressional Democrats think they’re kidding? Apparently, not Mr. Elmendorf.
By the way, regarding the President’s resistance to the notion that employer-paid healthcare insurance benefits should be taxed to help pay for the costs of universal health insurance… None of us needs additional taxes, to be sure, but fair is fair and we need to be practical. We need to keep mind that people who purchase their own healthcare insurance are paying for that coverage with after-tax dollars. Medical insurance isn’t tax free for them. Why should it be for people with employer-provided coverage?
*See also “Occam’s Law of Program Uselessness: The effectiveness of any government program varies inversely with the number of pages on which it is written” which was posted on the WordFeeder on Wednesday, July 15, 2009.