Tuesday, February 1, 2011

My Humble Opinion

A lot of people believe requiring health insurance is a bad idea. Some judges say it's downright unconstitutional. Requiring citizens to carry health insurance, in my humble opinion, is an essential part of health care reform.

Hospitals and other medical professionals can't refuse care to people who lack insurance. Uninsured patients fill emergency rooms around the country. Who do you think pays for their care? We all do.

You can't have it both ways. Either everybody pays (with some kind of assistance or tax credits for low-income individuals) or we continue to subsidize free riders through higher health care costs. I can't understand why conservatives aren't all over this one.

There appears to be confusion about the difference between investing and spending, too. Spending means using money for things you used yesterday or need today that likely won't still be around tomorrow. You spend money in a grocery story.

Investing is a particular kind of saving used to reach long-term goals. The value of the money invested today increases over time. The more time you have, the more you stand to gain. Spending for infrastructure and workforce development is an investment because the pay-off increases over time. China gets it.

Unfortunately, our well-insured, overpaid politicians believe investing is building big campaign war chests for re-election. Spending is what the other party does. It's all smoke and mirrors to conceal the transfer of income from the people to the multinational corporations that line their pockets with bribes campaign contributions.

Don't know the difference between spending and investing? Good luck spending your way to retirement. I recommend lottery tickets. If you win, since it was my idea be sure to send a few bucks to...

The Crotchety Old Man

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