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Thursday, March 25, 2010

How many employers will find it cheaper to drop health insurance for their employees? If they do, how long before Congress decides a single-payer government health plan is the only solution?

Jeffrey Anderson already fears that Republicans will waffle on the issue of repeal. He is right to be fearful.

The year of reckoning always seemed so distant...but now it is here. Social Security payouts will exceed revenues THIS year. That means the Social Security Administration will begin cashing in those Treasury bills they accrued over the years of surpluses (it is really just an accounting measure, as the program was always run as pay-as-you-go, so the surpluses went into the general fund, and now money will be transferred from the general fund into Social Security). While the program is not insolvent, it will now become even more burdensome as it requires more and more general revenue to continue paying out promised benefits. This will act much in the same way that the growing amount of interest on the debt does to the budget as a whole, taking up more and more as a percentage of the total, and squeezing out other programs and responsibilities. Pressure will continue to build on Congress to either raise more revenue through new or increased taxes, or cut spending in other areas, or borrow even larger amounts of money. Someone once said, 'if something is unsustainable, it will not last', or words to that effect. This pattern is unsustainable. It must, and it will end. Time to choose.

New Hampshire ski areas may suffer at the hands of the new health reform law.

Conservatives in America may benefit from some emerging societal trends.

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