To The Daily Sun,
Did the taxpayer-funded "free subsidies" from government, embedded in Obamacare fix equality in health care? Nope.
Democrats already recognize the failure. The five major companies selling "subsidized "policies are losing hundreds of millions. All are seriously considering pulling out. Seeing this failure Democrats are now demanding even more costly, free, government, single-payer. Did the Democrats' idea of funny money from government for easy, no-down-payment, no-job mortgages fix inequality in housing? Nope.
That flawed, donkey idea created the deepest recession in more than 50 years, while it put millions out in the street. Did FDR's Social Security, or Medicare or disability insurance prevent national, economic inequality? Nope.
All three programs are bankrupt, boondoggles that cheat beneficiaries out of trillions in investment returns that are rightfully theirs. Worse, the programs are so bankrupt in the out years they threaten the future solvency of the nation and the living standards of our kids.
Did hundreds of thousands of pages of new rules and regulations from Democrats over the past half century on banking, lending and the securities industry prevent Inequality? Nope? All those rules have done is made every financial product more expensive while they allowed the biggest Ponzi scheme crook in history, Bernie Madoff, to clean out his "patsies."
Did the creation of the federal consumer protection agency, said to be mandatory to protect ordinary people from corrupt business interests, by Democrats prevent inequality? Nope. All the agency has done is add more constraints and oversight increasing costs for every consumer transaction in America. Did the hundreds of billions in record welfare spending from Obama over the last eight years cut inequality? Nope.
Did the extension of record unemployment handouts in ever more billions from government reduce inequality? Nope. Did the establishment of the pension benefit guarantee program from government (also bankrupt) intended to backstop pensioners from failed businesses reduce inequality? Nope. Did Obama's $837 million stimulus package that went directly to the deficit for our kids to pay back later prevent inequality? Nope. Does the fact government transfers today a higher percentage of its money from person A to person B than any time in its history prevent inequality? Nope.
The Democrats now have a new, and very expensive idea to cure inequality. It's free college. I understand. I am laughing too after writing the previous paragraph. It's yelled for with the same loudness, intensity, high emotion and certainty all the previous, deeply flawed ideas have been from FDR through Obama, with Kennedy and Johnson in between them.
Remember, Johnson was going to make the blacks better off. How's that worked out for them? Read my next letter on the unintended consequences of free college before that explodes in our faces like Obamacare has and the funny money mortgages did. It has all the same earmarks to become another trillion-dollar Democratic, boondoggle making inequality worse. Yes, worse!
- Category: Letters
- Hits: 343