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Posts Tagged ‘health care legislation’

Why I Do Not Trust Washington

Posted by Larry Doyle on May 25th, 2010 11:47 AM |

People can debate the relative strength of the economy all they want. I firmly believe that from a macro-level, our economy has years to go before it has a real chance to recover. Why years?

1. The banking system overall remains loaded with an excessive amount of delinquent loans. Uncle Sam will continue to siphon money from the American public and deliver it to the banks. In the process, these “earnings” will be utilized to write down the values of loans and securities it holds at inflated levels.

2. Credit will not truly flow until the health of banks, especially the smaller and community based banks, is substantially stronger. (more…)

Healthcare Reform To Make You Ill

Posted by Larry Doyle on January 7th, 2010 4:29 PM |

A loyal Sense on Cents reader asked me to comment on the dramatic rise in health-care premiums highlighted in an article, Soaring Health Premium Just Makes Me Feel Sick, from the Irish Independent. The author, Martina Devlin, writes of an individual in Ireland who just received her new health-care premium. Devlin offers:

I SERIOUSLY debated cancelling my private health insurance recently. When the renewal notice arrived in the post I did a double-take at the size of the bill, cross-checked the increase — which was almost 20pc — and gulped.

Value for money it wasn’t. In fact, it struck me as a hefty charge to cover what I regarded as an insubstantial risk. You can never discount the danger, but I’m still reasonably young and healthy (touch wood).

Reviewing the article immediately reminded me of a conversation that I had with my wife’s cousin, a doctor in a community hospital. I spoke with him over the holidays and asked him his take on the propsects for healthcare reform and legislation here in our country.

His take was as follows: (more…)

Health Care Payoffs

Posted by Larry Doyle on December 23rd, 2009 12:26 PM |

Washington may think the “payoff politics as usual” is justified under the guise of working toward goals, but I would beg to differ. In my opinion, the payoffs garnered by Senators Ben Nelson (D-NE), Chris Dodd (D-CT), and Mary Landrieu (D-LA) are emblematic of the broken political process in America.

Why is it that citizens of some states are not required to pay the same freight as citizens of all other states? Why is it that citizens of some states garner ‘special’ benefits and advantages not accorded to citizens of all other states?

I do not doubt for a second that this ‘payoff politics’ has been going on for a lot longer than we may appreciate. I would also maintain that a significant portion of our fiscal and moral deficits are generated from this very approach.

The fact that representatives hold out for these payoffs and then promote them as benefiting their states should be more widely broadcast as unpatriotic and divisive.

The fact that administrations from both sides of the aisle have chosen the ‘payoff’ style of politics is merely an indication as to the lack of character, courage, and political intellect needed to craft real legislative reforms.

When the ‘for sale’ sign is constantly out, that lowest common denominator will always be reached.

If this ‘payoff politics’ is the best America has to offer, then I am increasingly concerned that our collective future will be far less than it ought to be.

Where are the real statesmen?


Health Care Reform or Merely Another Redistribution Program

Posted by Larry Doyle on November 9th, 2009 8:49 AM |

Why is an ever increasing percentage of the American public getting angry?

In my opinion, more and more Americans are not only questioning but now realizing that they are largely disenfranchised. How so? Seemingly each and every program emanating from Washington is merely another form of income and wealth redistribution.

Make no mistake, the redistribution is running in both directions; that is, to the large monied interests on Wall Street and those who are increasingly dependent on Washington’s welfare and largesse. While funds are flowing in both directions, America’s great middle class feels more squeezed and screwed than at any point in their lifetime. We witness this reality again in Congress’ passage of its health-care reform legislation late on Saturday night.

While the health-care legislation will continue to be hotly debated, I view it as another government program imposing on the lives of those who have worked tirelessly to make this country great. Clearly, people are passionate on both sides of the health-care debate but ultimately this so called reform is merely another form of rationing and redistribution. Is that what America truly wants? I think not. Washington’s Democratic establishment will pass this bill at their political peril. They know it.

Arrogance comes in many forms, but ultimately I believe the height of arrogance is willful blindness. I see a lot of that in Washington these days.


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