Free Markets, Free People

Daily Archives: September 16, 2009


Cap-And-Trade = $1,726 Per Family Per Year

That number doesn’t come from some opposition think tank or the CBO. According to CBS, that number is one calculated by the administration as the cost of Waxman-Markey:

The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.

Interestingly, the Heritage Foundation, a right-wing think tank, put the cost at $1,500 a few months ago and were slammed for using scare tactics to try to defeat the bill. Other estimates range as high as $3,100. Democrats have used $800 a year as their estimate based on a study by MIT’s John Reilly.

The FOIA’d document written by Judson Jaffe, who joined the Treasury Department’s Office of Environment and Energy in January 2009, says: “Given the administration’s proposal to auction all emission allowances, a cap-and-trade program could generate federal receipts on the order of $100 to $200 billion annually.” (Obviously, any final cap-and-trade system may be different from what Obama had proposed, and could yield higher or lower taxes.)

Because personal income tax revenues bring in around $1.37 trillion a year, a $200 billion additional tax would be the equivalent of a 15 percent increase a year. A $100 billion additional tax would represent a 7 or 8 percent increase a year.

Of course, whatever the cost, it will hit those who can least afford it the hardest. What will that mean? Well, if history is any indication, it means a certain percentage of the population will be subsidized by another percentage of the population. Whether in the form of tax credits (unlikely, since the segment of the population likely to need help probably doesn’t pay taxes anyway) or direct subsidization, it will end up as a giant, bureaucratic redistribution scheme riddled with fraud, waste and abuse. For some families the cost will be close to zero. For others it will be well above $1,726 per family when they pay for those subsidies in other taxes.

And Jimmy Carter doesn’t yet understand why people are angry? Buy a clue, Mr. Carter.

~McQ


Surprise: Jimmy Carter Plays The Race Card (Update)

Racialist Jimmy Carter plays the race card:

“I think an overwhelming portion of the intensely demonstrated animosity toward President Barack Obama is based on the fact that he is a black man,” Carter said. “I live in the South, and I’ve seen the South come a long way, and I’ve seen the rest of the country that share the South’s attitude toward minority groups at that time, particularly African Americans.”

Carter continued, “And that racism inclination still exists. And I think it’s bubbled up to the surface because of the belief among many white people, not just in the South but around the country, that African-Americans are not qualified to lead this great country. It’s an abominable circumstance, and it grieves me and concerns me very deeply.”

Notice the key words – “I think..”. Not really. If he did his first inclination wouldn’t be to consider the opposition to the government takeover of health care as “animosity toward President Barack Obama”. If he really thought about it, he’d have to factor in the trillions of dollars that have been poured into banks, financial institutions and car companies – something a majority of the nation was strongly against. If he actually did think about it he’d have to consider the 9 trillion dollars in budget deficits conservatively promised and a trillion dollar “stimulus” bill that isn’t working. And cap-and-trade that will increase the cost of energy for everyone, not to mention a pork laden 700 billion spending bill passed by Congress and signed by the president.

If Carter actually did think about things instead of taking the easy way out and playing the race card, he’d have to confront the real reasons for much of the anger and animosity and recognize they have nothing to do with the race or color of the president, but instead with the direction of the country. If Carter’s thesis is true then he will be able to easily explain why the independents, the primary group which elected Barack Obama, have been deserting the Democrats in droves.

Did they suddenly develop racist “inclinations”? Or is it possible they feel that hope-and-change was really just bait-and-switch?

UPDATE: How well is the race card playing? About as well as you might expect:

Twelve percent (12%) of voters nationwide believe that most opponents of President Obama’s health care reform plan are racist. The latest Rasmussen Reports national telephone survey finds that 67% of voters disagree, and 21% are not sure.

When every set back or bit of opposition is blamed on race, pretty soon it becomes another in a long line of excuses for failure instead of a real reason to be concerned.

~McQ


About That Claim That Doctors Support Obamacare

The Democrats have made the claim that the AMA, doctors and nurses all support the Obama plan for health care reform. But if a new IBD/TIPP poll is to believed, it is possible a large number of doctors would leave their practice if the present version of health care reform was passed:

Two of every three practicing physicians oppose the medical overhaul plan under consideration in Washington, and hundreds of thousands would think about shutting down their practices or retiring early if it were adopted, a new IBD/TIPP Poll has found.

And, like most Americans, a majority of doctors polled found the administration claims to be unbelievable:

72% of the doctors polled disagree with the administration’s claim that the government can cover 47 million more people with better-quality care at lower cost.

Additionally:

Two-thirds, or 65%, of doctors say they oppose the proposed government expansion plan. This contradicts the administration’s claims that doctors are part of an “unprecedented coalition” supporting a medical overhaul.

Another fact that should be taken into consideration when the administration claims that the AMA supports their plan, presently the AMA only represents 18% of American physicians.

Four of nine doctors, or 45%, said they “would consider leaving their practice or taking an early retirement” if Congress passes the plan the Democratic majority and White House have in mind.

In 2006, there were 800,000 doctors practicing in the US. A 45% reduction would leave 440,000 doctors to treat the present insured population plus the 40 million more the administration plans to add.

I’ll leave it to you to do the math, but if you can figure out how fewer physicians and more patients equals less cost, better care and no changes in the health care you enjoy today, I’d be interested to hear it.

If the answer is “rationing care”, I believe we’ve been saying that for quite some time, haven’t we?

~McQ