The Young and the Uninformed

On March 30, 2010, in Economics, by Henshaw

One of the most vocal groups in favor of ObamaCare is the young voter bloc. It’s shocking because this bill hurts this group the most. Young people are already contributing to two programs that are going bankrupt and whose benefits they’ll never see. Thanks to ObamaCare young workers are forced to get health care by law or be fined, all in the name of subsidizing free health care for elderly Americans. Oh, by the way, if you’re a young person who already has health care your premium is going to go up at least 17%. Need I mention the fact that some major corporations estimate that the bill will raise their operating costs substantially? Even Steamboat Ski Resort is uneasy about the fines they’ll have to pay on behalf of its seasonal workers. I wonder who will end up paying for these extra costs? How about the uninformed youth of America!

Or, to put it in simpler terms, they’re getting f***ed by the same people who pushed the “F*** the Vote” campaign and the Democrats.  Had the younger voters taken the time to learn something about risk pools, insurance, and the experience of Massachusetts and Maine using the same kind of mandates, they’d have told Rock the Vote to f*** off.  They still have the opportunity to deliver that message to Democrats in November.

Shouldn’t young educated Americans know this issue better than anyone? That’s a rhetorical question because I already know the answer. Of course they don’t understand. Outside of the business college at the local university the higher education centers don’t teach things like balanced budgets. Instead, we get such practical programs as Queer Studies, Gender Studies and other pseudo-academic pursuits in the name of pursuing faux social justice instead of excellence. A recently graduated student may well understand the principles of smart growth, thinking green, and the concept of “fair share.” However, none of those things matter if everyone is going bankrupt.

The Young and the Uninformed

That’s the most puzzling thing. In 2000 the United States was headed toward bankruptcy. In 2002 we added the Department of Homeland Security. Shortly after that we added the colossal prescription drug bill. In 2009, TARP added a trillion more to our national debt. In 2010, we’re going bankrupt at an even faster pace and now Obama has passed another entitlement we can’t afford. The question I have for young voters is this: do you want to live in a banana republic in your lifetime?

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america: the free lunch nation

On October 7, 2009, in Politics, by Henshaw

When will reality finally set in for Americans? Congress is currently drawing up mythical health care bills that are going solve all our problems and at the same time save money. The idea is so preposterous that anyone who actually believes it has to be a moron. With the economy doing poorly and nation on the path to bankruptcy the priority should be to reduce spending and give beleaguered businesses and citizens much needed tax relief. Unfortunately, that’s not the type of change Obama believes in.
Congress has a history of promising fiscally sound entitlement programs that turn into disastrous money pits. This is how the Republic dies. As Obama has so aptly stated, “Medicare is… a government-run health care plan that people are very happy with.” This is precisely the problem. Americans are happy with a program that is bankrupting the nation.
Medicare cannot work in the long run. People are “too happy” with the entitlement to deal with reality. Let’s look back at 1966 when Medicare started. What did Congress say about costs?

At its inception in 1966, Medicare carried an annual price tag of $3 billion. Its Congressional founders predicted that cost would rise to $12 billion a year by 1990 — a figure that accounted for inflation.
The true cost of Medicare is stunning. In 1990, rather than costing American taxpayers $12 billion, Medicare cost $107 billion — an increase of 800% over the government’s best guess at the program’s cost 23 years before. That cost has increased exponentially as the years have passed since 1990. This year, $484 billion will be spent on mandatory Medicare outlays; by 2018, that number will be $885.1 billion, according to the non-partisan Congressional Budget Office.

This is how government works. Bureaucrats always exaggerate the benefits and underestimate the costs. In the short run, the public loves the free entitlement and in the long run some future generation gets the bill. Someone has to stand up to this wave of nonsense and fight these entitlements. Young voters should be outraged that their country is being pushed into bankruptcy. Our health care “problem” isn’t bankrupting the country Mr. President. Our entitlement society’s taste for a free lunch and the willing enablers in Washington are the problem.

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