From the beginning, Democrats urged us to reserve judgment about their beloved “Affordable Care Act.” Wait, they said, until enacted . . . “to find out what’s in it.”
Then they said: wait till we see how it works.
Now, they tell us to wait some more, while they figure out how to bring some competence to the “glitch”-ridden healthcare.gov.
Waiting was the thing some folks feared most. The closer the country got to socialized medicine, the more queues, lines, and waiting lists would get set up, as bureaucrats scrambled to prevent disastrous cost overruns. Hobbled with regulations and mandates and increased demand (without properly paying for said demand — such is the way of politicians’ promises), it was never unreasonable to expect that “death by waiting” would eventually become the integral feature (not a bug!) of the new system.
Still, in one thing, there was no wait. Though the president may have been lied to right up until healthcare.gov’s launch — misled about the testing and integrity of the IT system — there was at least one lie known from the beginning as a lie: that we could all keep our current insurance policies.
Considering the extent of Obamacare’s regulations, that was impossible. Only a small set of choices would be available to Americans. Most legacy policies just wouldn’t cut it, short a special waiver from Washington.
Now, hundreds of thousands of Americans are getting cancellation notices from their insurers. Others, more “lucky,” are being informed that their policies will be upgraded to the nearest Obamacare-acceptable alternative, at raised rates.
This is the Honest Truth about Obamacare: Obama lied; his staff lied; Congress lied.
This is Common Sense. I’m Paul Jacob.
The multiplication of a product commonly reduces its price: that reduction extends its consumption; and so its production, though become more rapid, nevertheless gives employment to more hands than before. It is beyond question that the manufacture of cotton now occupies more hands in England, France, and Germany than it did before the introduction of the machinery that has abridged and perfected this branch of manufacture in so remarkable a degree.



Subsidies prolong the life of inefficient firms and prevent the flexibility of the market from fully satisfying consumer wants. The greater the extent of government subsidy, the more the market is prevented from working, the more resources are frozen in inefficient ways, and the lower will be the standard of living of everyone. Furthermore, the more government intervenes and subsidizes, the more caste conflict will be created in society, for individuals and groups will benefit only at one another’s expense.