Wisdom from the web – March 4th 2012

This edition WFTW is a comment response to an article from one of my favorite bloggers and speakers Dan Mitchell.

The article is: In the Entire World, Is there Anybody Who Is Suprised that Obamacare Is Turning Out to Be Far More Expensive than the President Promised? and begins as follows:

March 3, 2012 by Dan Mitchell

Washington is filled with people who exaggerate, prevaricate, dissemble, and  obfuscate. And those are the people I like. The ones I don’t like are much worse.That’s why, during the Obamacare debate, I warned that the numbers were utterly dishonest.

We were told, if you remember those grim days, that adopting a giant new entitlement somehow was going to lead to less red ink, but I doubt anybody with an IQ above room temperature actually believed that nonsense, notwithstanding the supposedly non-partisan estimates from the Congressional Budget Office and the Joint Committee on Taxation.

Well, Obamacare was enacted and we’ve already seen evidence that supporters were being less than truthful.

“I’m shocked, shocked, that Obamacare is more expensive than the original forecasts.” And now there are additional re-estimates suggesting the problem is much worse than even critics feared.One wonders whether supporters of the legislation will now imitate Inspector Renault from Casablanca and pretend that they are surprised about this outcome. Continue Reading

Beyond the usual wisdom of Dan Mitchell is the perspective imposing wisdom of the commenter posting as  “Zorba” as follows:

“You have not seen anything yet on ObamaCare — and it’s main effect in prosperity suppression will never be seen, just as Europeans never saw it.

It is the effect on perpetually compounding lower growth rates, as the effort- reward curve flattens to European levels, as exceptional work is trimmed to insulate a majority from the consequences of lifetime mediocrity — a mediocrity supported by the various “care” packages. — many more to come as the desperation of decline will inevitably trigger calls for more packages at the polls. Nothing is quite as pivotal and as irreversible in america’s decline as ObamaCare.

That will be the main effect and consequence. But few will recognize it as such. The decline though will be real and felt. Welcome to Europe.”

Now that’s reminding us of what is at stake!

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5 thoughts on “Wisdom from the web – March 4th 2012

  1. Has there ever been a government program that even came close to costing what people were told that it would? Has there ever been, in America or anywhere else, a government “entitlement” program that did not produce a rush toward mediocrity and failure? In America’s national parks there are signs everywhere warning people that they should not feed the animals. The reason for this is that the animals quickly become dependent upon the handouts and lose the will and the ability to provide for themselves. The same government, however, encourages its citizens to partake of handouts, and this behavior leads to the same dependence and decline in their will and ability to provide for their needs and wants.

    We are, indeed, engaged in a race to the bottom. “All men are created equal…” is true, but they immediately begin to diverge. The only way to keep all citizens equal is to hold back the ones who would otherwise succeed in order to keep their state equal to that of those who can’t or won’t excel. This is the modern European method, and our “leaders” have not been reticent in telling us that the European model is the one they are attempting/going to emulate. Our congress and pseudopresident have even told us that “0bamacare” will make our health care (Note that this term is comprised of two words) system like the ones in European nations. Even our judges, who, each and all, have taken an oath to support and defend The Constitution — and, implicitly, no other document or system of law — have freely admitted that they have used precedents and philosophies from other nations in coming to decisions.

    The Europeans themselves are now admitting that their systems, from health care to accommodating ridiculous union demands to lax immigration policies to multiculturalism to Political Correctness, have failed. The trouble, for them and for us, is that it is very difficult to turn a slothful, dependent people back to a system in which hard work and thrift are rewarded while allowing the lazy and profligate to be sufficiently uncomfortable that they reassess their ways. “0bamacare” is just another fabulously expensive program that will encourage shortsightedness and stupidity.

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