By Ralph R. Reiland on 8.4.09 @ 6:07AM
Put the shameless stimulus bill to good use.
Here's how to get the money for health care reform, and it can be
done without Congress passing another trillion in spending,
without putting more job-killing mandates and taxes on business,
without killing off whatever incentives still remain for our best
students to become physicians, and without turning millions of
patients into wards of the state.
To get the cash, all Congress needs to do is repeal the
authorization on spending for the remaining sums in President
Barack Obama's record-breaking and non-stimulating $787 billion
stimulus bill.
A half year has passed since the rushed signing of the stimulus
bill to solve the jobs "crisis," and less than 10 percent of the
money has been spent.
Politicians were super-quick to line up and get their hands on
money for their pet projects -- but not so good or fast at
designing the type of pro-growth, pro-business legislation that
would have actually stimulated the creation of real jobs in the
private sector.
Instead, what we got for our money are things like a $4 million
paving job on a parking lot for private jets in Aspen, Colo., and
$550,000 in government spending for a new skateboard park and
tennis court repairs in Pawtucket, R.I.
The skateboard park provides a nice ribbon-cutting opportunity
for the local mayor, but it's not exactly the type of spending
that accelerates our economic recovery, produces long-term
employment, promotes responsible fiscal policy or makes the U.S.
more internationally competitive.
The message from Obama at the Feb. 17 signing of the stimulus
bill was that the pork-bloated legislation would "create or save"
3.5 million jobs within two years by way of a whole slew of
"shovel-ready" projects.
Instead, the shovels are still hanging in the garage, some $708
billion is stuck in the political pipeline, and more than two
million more jobs have been lost in the U.S. economy since the
bill's passage.
As with his push for a quick health care bill that no one has the
time to read, the February stimulus bill was another one of
Obama's rush jobs. Both the Senate and House voted on the
1,071-page bill less than 24 hours after it had been posted for
the first time on the House Appropriations website.
This time around, a hurried 1,000-plus-page health care bill is
designed to solve the "crisis of 47 million Americans" without
health insurance by way of an ObamaCare plan that promises to
deliver universal coverage and higher quality at a cheaper price.
Less into peddling nirvana, the Congressional Budget Office
estimated that the congressional Democrats' health plans would
increase costs in the range of $1 trillion-plus over the next
decade, and that's on top of the CBO's projection that the
federal budget’s red ink this year will reach a flood level of
$1.8 trillion.
With the oft-repeated claim that 47 million Americans lack health
insurance, an estimated 11 million of that number are illegal
aliens. Another 17 million, according to the Census Bureau, are
people who earn more than $50,000 a year and have decided not to
carry health insurance. Millions more in the 47 million number
are already eligible for care under Medicaid and other government
programs. Millions more are temporarily between jobs.
"With reasonable adjustments," i.e., the above deductions from
the 47 million figure, "there are in fact less than 10 million
individuals who are so-called 'chronically uninsured,'" writes
Dominick T. Armentano, professor emeritus of economics at the
University of Hartford and a research fellow at The Independent
Institute in California. "The Kaiser Family Foundation says the
number could be as low as 8 million."
At a health care policy cost of $10,000 a year per family, the
price to taxpayers of covering those 10 million people with five
million policies (figuring an average of two people per
household) is $50 billion per year, a pittance compared to the
$708 billion that's stuck in the pipeline from Obama's
ill-designed and non-stimulating stimulus package.
Simply stated, repeal the $708 billion authorization in unspent
funds for the upcoming skateboard parks and zoo enhancements and
there's plenty of enough money to provide health care coverage
for 10 million people for the next decade and a half, all without
a dime of new deficit spending and no job-killing tax hikes on
the private sector.
Instead, Obama's idea of reform is to demonize doctors, cut
business profits and produce another trillion in red ink.