The estimated federal deficit in 2010
will be $1.54 trillion, and spending on
entitlement programs (Medicare,
Medicaid, and Social Security) and
interest on the federal debt is slowly
squeezing out other programs
http://blog.heritage.org/2010/04/29/spending-is-the-problem/#more-32460
The GOP is standing down
from its standoff over the Senate's
financial-regulation bill :
But no one should think
this bill is fixed.
Far from it :
Beyond the creditor bailout,
I've counted at least 13 other
problems with the plan.
One of the most troubling
is at the core of the bill :
the creation of seizure authority -
politely called "orderly liquidation
authority" - for firms perceived by
regulators to be failing.
the Senate bill allows federal regulators,
with minimal judicial review, to take over
troubled financial firms and wind up
their affairs.
Skeptics say that that would
be unworkable for financial firms.
But the idea got some little-noticed
support recently from the Judicial
Conference of the United States, a
council of federal judges presided over
by the Chief Justice of the United States.
In a letter to Sen. Patrick Leahy,
the group pointed out that under the
Senate bill, some firms already in
bankruptcy would be forced out,
and into FDIC receivership - an odd
result if bankruptcy is not a viable option.
The letter then went on to point out
that the (very) limited judicial review
of seizures provided by the pending
legislation may be unconstitutional,
and criticized the 24-hour deadline
for such review as "inconsistent with
the thoughtful deliberation" needed for
a decision of such great significance.
These are not concerns, nor are they
from a source, to be taken lightly.
Before declaring
the financial-regulation bill "fixed,"
members should take another look
at seizure authority, as well as other
flaws in the plan
http://blog.heritage.org/2010/04/29/the-bill-is-still-flawed/#more-32438
Global Commie Unionist Corporate
Criminal Hell Care Coup :
The new law gives government
a say in everything from the benefits
you carry to the treatment you receive.
And that means very real changes
to existing coverage.
One of those many changes derive
from new restrictions on flexible
spending accounts (FSAs).
Obamacare sends FSA users
an irresponsible message :
Stock up now
before the law takes full effect.
One side effect of this arrangement
is that people suffering from chronic
diseases will wind up spending more
on co-payments for prescription
drugs and doctor visits.
It's enough to make you wonder :
If it's smart to take care of your medical
needs before Obamacare kicks in, maybe
you'd be better off without Obamacare at all
http://blog.heritage.org/2010/04/29/side-effects-the-beginning-of-the-end-for-fsas/
