Are the American people obsolete?

Jeff — Wed, 28 Jul 2010 22:46:11 +0000

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I ran across this thought-provoking article by Michael Lind today. Michael Lind is policy director of the Economic Growth Program at the New America Foundation.

The article basically says that due to: outsourcing, cheap immigrant labor, and emerging markets, the rich have a decreasing dependence on the middle and lower class. While I don’t agree with everything in the article, it sure makes you think. Our government should be looking at these trends and addressing accoudingly. Unfortunately, it is difficult to get elected to national office unless you are rich and/or sold out to rich people!

Are the American people obsolete? (salon.com)

Health Care Bill Impact on Economy

Jeff — Tue, 10 Nov 2009 04:16:00 +0000

The house health care bill passed by a slim margin. I am all for health care reform, but am against the increased government spending, control, and intrusion. I’m amazed how supporters can claim that it’s “budget neutral” and it the next sentence say it costs $1.3 Trillion dollars. If it were truly “neutral”, there would be offsetting reductions in spending (I bet they never even thought of that). Government already controls about half of the health care spending through: Medicaid, Medicare, VA, and government worker health insurance. If government competition is so good, and they already control half the market, why do we have a problem? Taking control from big insurance and giving it to big government is not what we need. We need reform that gives control and responsibility to patients.

What will the true economic impact of this additional spending and control? Our economy is already hurting and this bill will add up to 10.5 percent to payroll costs (8% penalty for businesses and 2.5% penalty for individuals). I have watched many friends, family members, and colleagues lose their jobs to outsourcing and insourcing (bringing foreign workers into the US). There are many financial incentives for businesses to do this. Adding an additional 10.5% to payroll costs will only increase these incentives.

Our economy can not afford to lose any more jobs!

Jeffrey Schott » Economy

Are the American people obsolete?

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Health Care Bill Impact on Economy