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To: SE Mom
This is terrible legislation that will drive the already massive budget deficits even higher. Costs of this bill will greatly exceed estimates and the tax increases in the bill will never generate the expected revenue because people will cut back on the activity that is taxed. Tax increases never generate as much revenue as democrats expect because people naturally work around the new taxes by cutting back on taxed activity and increasing economic activity that isn't taxed (such as spending more time shopping for lower prices on everything they buy because the savings are untaxed.) This kind of legislation that redistributes large amounts of income is a disincentive to productive work and investment and an incentive for business people to spend more time working around all the new laws and taxes and more time away from their business in recreation and value shopping.

The democrats have learned nothing from the last 100 years of economic history which conclusively proved that heavy income redistribution causes sluggish economic growth, high unemployment, and lower standards of living. This legislation was passed because of democrat ideology, emotion, and big democrat egos that always like to do the opposite of what conservatives want even when conservatives have exactly the right ideas for America.

This bill is just the beginning of huge tax increases on Americans to pay for the massive spending binge by this congress in 2009 and uncontrolled entitlement spending in the years ahead. All three forms of taxation will be increasing in the next few years: direct taxes, higher interest rates, and higher inflation. That has to happen to pay for all the spending in the pork stimulus bill, uncontrolled entitlement spending, massive unproductive federal bureaucracies, and now this massive health care spending bill. Eventually the young people under 40 are going to wake up when they get hit with the big tax bills and higher inflation, and they will finally realize that liberal baby-boomers in congress are very hazardous to the economic well-being of younger Americans. When the younger people wake up then you'll see a big political shift back towards fiscal conservatism over the next five years. A storm is building that will sweep many liberal democrats out of congress in the next two elections.

203 posted on 12/24/2009 8:29:08 AM PST by your local physicist (He was kicked out of a meeting at the law firm of Thief Cheat Liar Scoundrel & Crook.)
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To: your local physicist

The democrats have learned nothing from the last 100 years of economic history which conclusively proved that heavy income redistribution causes sluggish economic growth, high unemployment, and lower standards of living. This legislation was passed because of democrat ideology, emotion, and big democrat egos that always like to do the opposite of what conservatives want even when conservatives have exactly the right ideas for America.
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Bingo. We’ve got a huge clean up to do...like a SuperFund clean up of a spilled oil tanker that the RATS ran aground.


205 posted on 12/24/2009 8:31:47 AM PST by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773!)
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