Submitted By Todd on January 4th at 9:31am
REQUIRES over-the-top spending is a formula for disaster.
Barack Obama and congressional Democrats are considering major expansions of government-assisted healthcare insurance and unemployment compensation as they begin intensive work this week on a 2-year economic recovery package.We were already on a path toward bankruptcy, pre-economic meltdown, slowly being crushed under the weight of Social Security, Medicaid and Medicare. Democrats will sieze the opportunity to expand the already unsustainable.
One proposal, as described by Democratic advisers, would extend unemployment compensation to part-time workers, an idea that congressional Republicans have blocked in the past.What a great idea - You take a part-time job at WalMart for three months leading up to Christmas, and then when they lay you off, you can collect for the next nine months! It's not so far from those union clauses with GM that are so shocking.
Other policy changes would subsidize employers' expenses for temporarily continuing health insurance coverage to laid-off and retired workers and their dependents, as mandated under a 22-year-old federal law known as COBRA...Part of the move toward universal health care.
...and allow workers who lose jobs that did not come with insurance benefits to be eligible, for the first time, to apply for Medicaid coverage.They want to expand Medicaid? The health care program that liberals love to call a "SAFETY NET" that captures about 30% of all Americans? Here's an example of the devastating expense that Medicaid represents already. In 2006, the California state budget was $117 billion. They spent $34 billion beyond that on Medicaid.
The proposals indicate the sorts of potentially long-range changes that Obama intends to push in his promised American Recovery and Reinvestment Plan... They will be combined with one-time measures that are more typical of federal stimulus packages to jump-start a weak economy, like spending for roads and other job-creating public works projects.If George W. Bush is to be viewed as a failed president, it will be because he was the foreplay for the royal screwing the nation will undergo with the Dems in charge.