30% of Personal Income Comes from Government

The Wall Street Journal reports good news as personal income rises .5% in August, the best improvement of the year. Well, not so fast… The Capital Hill blog is reporting that the reason is not private sector growth, but in fact 60% of the increase was due to government transfer programs. Yes, that’s just another term for wealth transfer.

Govt Share of Personal Income

It’s frightening that nearly one-third of personal income comes from the Government. Even worse is that more than half of that is through wealth transfer programs. The number has risen around 5% since Obama has taken office. He really does believe in “spreading the wealth around“!

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Posted under Economy

Written by admin on October 4, 2010

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Health Care Tanning Tax Starting

Yay! It’s here! The first new tax for health care is finally here! It only took about 36 hours from the time Congress passed the health care bill before the first new tax was enacted. This one is a 10% tax on tanning beds.

But that’s not all, let me tell you what else you’ve won. You also get increased taxes on insurers (don’t worry, they’ll pass the cost on to you), increased taxes on drugmakers (oh, fear not, that cost will be passed on to your prescriptions, it won’t bother them), increased taxes on medical device companies (again, they’ll just pass the taxes along to you for your new pacemaker), and new taxes on Americans making more than $200,000 a year (you know, those people that own small businesses and provide over half of all private sector jobs, so they’ll just lower wages or cut employees, no big deal).

Isn’t this new health care program just great? I know I’m excited that I will no longer be able to do something as simple as decide to take high-deductable insurance. It’s hard to wait until the “Cadillac” policy tax goes into effect.  All this for the 47 million… huh? 30 million? really? I thought he said…  ok…  30 million new people…  Maybe that’s ObamaMath (like 57 states?).

Head over to John John Goodman’s Health Policy blog for some real facts. There could be 33 million lose medicare coverage alone thanks to the cuts.  Throw in higher health care costs, additional taxation, potential for rationing of care, increased IRS investigation, and you need a considerable amount of ObamaMath in to spin this into a positive thing!

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Posted under Healthcare

Written by admin on March 23, 2010

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Obama: 5 Days to Look at Every Bill

Well, if my math is correct, health care will get signed sometime Friday night. After all, Obama promised we’d have 5 days to look at every bill before he would sign anything that reached his desk. Remember that pledge?

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Posted under Healthcare

Written by admin on March 23, 2010

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Not So Random Acts of Arrogance

Is anyone else noticing the outright arrogance of this administration? They are completely ignorant of public opinion (not to mention the constitution).  Obama’s victory speech tried to say that America was listened to and he delivered what they wanted. Has he not seen the polls? Is he truly that far out of touch with reality or is he getting bad intelligence data from someone?

Then you have Jessie Jackson giving a smug look at tea partiers and grabbing at their signs, clearly attempting to bait them.

Al Sharpton understands what Obama’s change means.  The man is claiming that Americans voted overwhelmingly for the way Obama is transforming the country, and if it is Socialism, so be it.  His delivery is amazingly smug.

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Posted under Healthcare

Written by admin on March 23, 2010

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ObamaCare is about Making History

As I continue to watch the Democrats continue to push and push in their attempt to pass ObamaCare, one thing continues to become evident… This isn’t about helping America or fixing healthcare, it is about “making history”.

Even more disappointing is that the President stated in his State of the Union address that his number one focus was going to be jobs. Instead he pushes a bill that would cause 120,000 to 700,000 more jobs to be lost.

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Posted under Healthcare

Written by admin on March 18, 2010

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