|
Townhall...
It’s Only Money
By Bill O’Reilly
8/6/2011
Judging
by the low TV news ratings,
most Americans were out fishing or watching “Pawn Stars” when the debt
debacle
debate was taking place in Washington, and I can’t blame them. It was
truly
pinheads on parade, with propaganda and craziness all over the place.
A
new Rasmussen poll says that just 22
percent of likely voters approve of the deal, while 53 percent
disapprove. A
substantial 26 percent of the voters simply don’t know what to think.
Another
survey, this one from Pew
Research, says that more than 70 percent of Americans believe everyone
involved
in the madness looked bad. And it’s hard to argue with that.
When
you are talking about $14.5
trillion in debt, things do get a bit surreal. The feds throw around
numbers
like peanut shells. Yeah, we’ll cut $300 billion from this, $200
billion from
that. And then we’ll borrow another $2 trillion so we can get through
the year
2013. If you watch too much of this stuff, your head will explode.
So
let me make one simple economic
point here. Under Presidents Bush and Obama, the United States has
nearly
bankrupted itself. We have spent so much money so quickly that it is
almost
impossible to believe. Every single day under Obama, the nation spends
more
than $4 billion more than it takes in. Every single day.
And
what do we have to show for it?
How about a shaky economy and political division.
The
president continues to believe
that massive federal spending will make the lives of most Americans
better. But
he’s wrong. And here’s a great example.
Beginning
on Jan. 1, 2013, U.S. health
insurance companies will be forced to provide a variety of health
services for
women absolutely free of charge. They include: birth control,
breast-feeding
supplies, “wellness” visits to doctors and counseling about a variety
of
things.
There
will be no co-pays or
deductibles. Those services will be entirely picked up by the insurance
companies to the tune of billions of dollars every year. Of course, the
enormous cost will be passed along to consumers, as health insurance
premiums
will rise big time. Self-insured individuals and businesses will pay a
lot more
for coverage.
Because
of the increased overhead,
companies will be less likely to hire new employees, and those they do
hire
will likely be paid less because they’ll receive more medical benefits.
Thus,
unemployment probably will remain high, and take-home pay, stagnant.
On
paper, it looks great that American
women will get free preventive medical services. Liberals love that.
But if you
want to grow the economy, increasing the cost of doing business is not
exactly
a great strategy.
Our
capitalistic system is now being
handcuffed by ideology -- a huge co-pay for the American people.
Read
it at Townhall
|
