My head has been spinning with all of the potential legislation coming out of Washington so I'm trying to get everything straight. Here's my understanding of what's going on.
Health care - medical costs and premium costs are so high that people can't afford insurance and Medicare will be bankrupt. The legislation does nothing to address the medical costs impacting Medicare while simultaneously cutting funding and expanding membership. This will actually increase the cost of premiums and accelerate the date at which Medicare will bankrupt the country.
Climate Change - We must cut carbon emissions so heavy fines will be levied on those companies that emit CO2. The legislation will raise the cost of energy so we use less. People will be unable to afford their energy bill so will not be able to heat or cool their homes. They'll end up receiving medical care for hypothermia or heat stroke which will drive up the cost of health care. They could use a fireplace to heat their home but logging permits have been cut back so there will be no wood to use as heat. The same legislation in Europe has been ineffectual at best and increased CO2 emmissions at worst.
The private sector companies are losing money and can't pay their bills. As a result they are laying people off, closing their doors and freezing wages. The federal government is losing money and diving deeper into debt but has created new positions within the white house, voted to create additional departments and given raises to all of their employees. While the private sector shrinks while the government expands. Paradox.
The House passes legislation which will enable the Federal Government to break up companies they view as harmful to the economy while Congress pursues legislation that is harmful to the ecnomy. Will they break themselves up? Paradox.
The people are very concerned about the unemployment situation and request actions which will stimulate job creation. The government spent $787 billion on pet projects which created no jobs. Then they held a summitt with unions and community organizers whose suggestion was to pass another bill just like the first one that didn't work. Employers beg for assistance which will open access to credit or allow them to keep more of their money. Meanwhile congress is still pushing the health care and climate change legislations which will add costs to employers without generating any cash flow for them. Paradox.
I know I've missed a lot of things and please let me know if I have any of this wrong. Even listing it this way I'm not sure what the justification for any of this is.
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