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« on: March 01, 2019, 04:16:17 PM » |
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________________________________ The Patriot Post Digest 3-1-2019 From The Federalist Patriot Free Email Subscription _______________________________
The Patriot Post® · Mid-Day Digest
Mar. 1, 2019
https://patriotpost.us/digests/61507-mid-day-digest
THE FOUNDATION
“A just security to property is not afforded by that government, under which unequal taxes oppress one species of property and reward another species.” —James Madison (1792)
https://patriotpost.us/fqd/61506-founders-quote-daily
IN TODAY’S EDITION
The latest GDP report reveals more good economic news for the nation.1 So what better time for Dems to unveil their plan to take over health care?2 Daily Features: More Analysis3, Columnists4, Headlines5, Opinion in Brief6, Short Cuts7, Memes8, and Cartoons9.
IN BRIEF
Cut Taxes, Grow Economy10
Nate Jackson
It’s not news that the economy has emerged from the doldrums of the previous administration and is growing at a healthy pace. Yesterday’s release of fourth-quarter and full-year GDP numbers was another confirmation.
Fourth-quarter growth was a modest but higher-than-expected 2.6%, slowing from 3.4% in the third quarter and 4.2% in the second, and growth for calendar year 2018 was a healthy 2.9%. Yes, that’s just shy of President Donald Trump’s promise to grow the economy at 3% or more each year. Yes, it marks a record 13th straight year11 without 3% growth. And yes, the government shutdown may have put just enough drag on the economy that it missed the 3% mark.
But the White House offered a slightly different measurement, backed up by Bloomberg12: “GDP grew by 3.1 percent from the fourth quarter of 2017 to the fourth quarter of 2018,” which “represents $280 billion more in American economic output” than if previous trends had continued. In any case, it’s part of a significant upward trend since Trump took office. Remember when Barack Obama and his Keynesian stimulus pals informed us that 2% growth may be the “new normal”? Or when former Obama adviser Larry Summers dismissed the idea that tax cuts would yield growth unless “you believe in tooth fairies and ludicrous supply-side economics”?
Well, according to Jim Moran, chief investment officer at Plante Moran Financial Advisors, “For all the hand-wringing and angst, you’d have to go back to 2005 to find a year in which the economy grew at a faster pace.” The bottom line: The Trump administration has an exemplary record13 on tax cuts, deregulation, and economic growth.
However, we’ve said repeatedly over the last two decades that the economy in many ways amounts to a measurement of consumer confidence — a measurement that’s pretty high right now14. We’ve also warned that Democrats are so set on their “Hate Trump” campaign, especially leading into 2020, that they actually want a recession15. How will they get one? Undermining consumer confidence with incessant Leftmedia doomsaying.
A prime example is the yarn that Republican tax reform is yielding smaller tax refunds16 — due to limited deductions for some and smaller withholding for others. Well, The Daily Signal reports17, “Tax refunds have increased this week, the Treasury Department announced Thursday. … The average refund at this point in the filing season is now up 1.3 percent over last year.”
Either way, Heritage Foundation fiscal policy analyst Adam Michel gets it right: “The important point to remember is that 90 percent of Americans got a tax cut. It is likely that more Americans will also get larger refunds, but the two are not connected.” What is connected is that when the government confiscates and redistributes less of our money, the economy grows more substantially.
https://patriotpost.us/articles/61505-cut-taxes-grow-economy
The Left’s Latest Socialist Health Care Plan18
Thomas Gallatin
As part of their ever-expanding effort to buy votes with “free” stuff19, House Democrats this week introduced their latest attempted government takeover of health care under the now-infamous label “Medicare for All.” The sweeping legislation, introduced by Reps. Pramila Jayapal (D-WA) and Debbie Dingell (D-MI), would essentially outlaw private health insurance, replacing it with an entirely federal-run single-payer system similar to those found in Canada and the UK. Obviously, this stands no chance of becoming law … yet. But let’s look at what Democrats want.
Evoking classic socialist, anti-capitalist rhetoric, Jayapal asserted, “It’s time to put people’s health over profit. Our bill will cover everyone. Not just those who are fortunate enough to have employer-sponsored insurance.” She further asserted, “Not just children. Not just seniors. Not just those who are healthy. Everyone. Because healthcare is a human right.”
How do Democrats treat such “rights”?
Make no mistake: This legislation is, as The Heritage Foundation’s health-care expert Robert Moffit writes20, “profoundly authoritarian.” Individual freedom regarding health care would be a thing of the past. No more keeping your doctor or your health insurance. Those would all be eliminated in favor of a system based on centralized government control. While hospitals would not be owned by the government, they would essentially be controlled — along with many treatment choices — by bureaucrats in Washington. Hello, fascism?
Taxes would necessarily increase significantly, as the estimated cost for Sen. Bernie Sanders’s similar Medicare for All plan comes in at a whopping $32.6 trillion over 10 years21. Moffit further notes, “Ken Thorpe of Emory University, formerly an adviser to President Bill Clinton, estimates that the federal taxation needed to finance the Sanders plan would amount to an additional 20 percent tax on workers’ income, and more than 7 out of 10 working families would end up paying more for health care than they do today.”
So, not only would Americans lose their freedom to choose their own insurance plans and doctors, they’d be paying more than ever for health care via taxes while receiving poorer service. Citing the Journal of the American Medical Association’s comparison of the current U.S. system to that of both Canada and the UK, Moffit explains, “Concerning access to specialized care, for example, they found that only 6 percent of American patients reported waiting more than two months to see a medical specialist, compared to 39 percent of Canadian patients and 19 percent of British patients. The Fraser Institute, a prominent Canadian think tank, estimated that in 2018 the median waiting time for a Canadian patient to see a medical specialist on referral from a general practitioner was 19.8 weeks.”
There are no two ways about it. This Democrat legislation is a boondoggle designed to buy votes and then install an authoritarian system to effect greater centralized control over the lives of all Americans, all under the guise of providing “universal” health care. This monstrosity of a bill is about as un-American as it gets.
https://patriotpost.us/articles/61486-the-lefts-latest-socialist-health-care-plan
ON OUR WEBSITE TODAY
Featured Analysis: Some Good Advice for Men From … Obama?22 — He spoke to young black men about the dangers of promiscuity, bullying, and selfishness. Baltimore Reverses Course on Arming Cops in Schools23 — One of the nation’s worst cities for murder finally makes a sensible decision on guns. Seeing Is Believing24 — We’ll believe Democrats mean what they’re saying when they start walking the walk. Video: War on Women: Two Trans ‘Girl’ Athletes25 — By “transgender women,” we mean two biological guys who just stole awards from biological girls.
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