Just prior to the Senate passing a version of Obamacare, Democratic Senator Tom Hawkin, from Iowa, said “let’s make history.”
They did.
So did General Custer.
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A headline from today’s Denver Post reads That’s like winning a temperance award from Dean Martin.
The backers of this boondoggle said it would cost $4.7 billion. Too many people believed this fraud and said “OK” and approved a tax increase. Woops. Now RTD says the actual cost will be $7.0 billion. They want voters to approve that, too. Many will vote for it, thus sanctioning and approving their own robbery. It starts to get hard to feel sorry for those that willingly submit to fraud. Of course, the bad part is that those voting for RTD want those that have not fallen for the scam to contribute, too. And, due to the power of democracy, they can make it happen. On Friday, the U. S. House of Representatives approved “sweeping new financial industry regulations.“
The bill, among other things,
The premise of such regulation is based on a fanciful idea. Those in favor of regulation such as this believe that government functionaries have some idea how to successfully manage an industry, or at least some portion of it.
This premise has no basis in fact. Even if one believes that Wall Street firms and bankers are evil and must be reigned in, this regulation does not solve the problem.
It merely substitutes the evil bankers with evil, and incompetent, bureaucrats.
More regulation is not the answer. More regulation results in more rules. More rules means more time and money must be spent in complying with those rules. It provides incentives for those that can find loopholes in the rules. It costs money to enforce the rules.
Society eventually ends up spending more time and resources arguing about commas, definitions and exceptions to arbitrary regulations than to actually solving the perceived problem.
The problem can be solved with one rule, and it is already in place:
Do not commit fraud.
All people, even Wall Street Bankers, should be able to engage in any voluntary transaction with any other person as long as no fraud is perpetrated.
This simple rule, however, does not allow politicians to control anything. They do not get to create new agencies. They do not get to hire new regulators. They do not get to pay off political debt. Nor do they solve the problem.
But it is not about solving the problem. It is about control. And the House bill gives Congress plenty of that.
According to an article by the Denver Post’s Michael Riley, “Feds settle suit over mismanagement of Indian trust land,”
And some statists argue it is a moral imperative that we give these same people control over health care. These statists have a misguided faith in the government. They refuse to see the historical, proven inability of the government to manage a lemonade stand, much less the country’s entire health care system.
There are none so blind as those that refuse to see.
From today’s Denver Post:
Yet the members of the Cult of the State continue to worship their Government God as the answer to all of society’s ills, real and perceived.
Perhaps these cult members should reevaluate their fealty to such a feeble deity. Perhaps they should look elsewhere for solutions.
Maybe the cult’s members are right and government’s impending takeover of health care will not suffer from similar incompetence.
However, it takes an unwarranted and unearned faith to believe so.
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