Monday, October 19, 2009

Remember When

Remember when the government decided to help protect us from the huge incr4eases in price and the decreasing supply of oil availability back in the early 70’s? Remember what happened? We got higher prices, shortages so bad we had rationing and the creation of the DOE -- All because we were importing 20% of the oil we consumed.
How are things different today? The government has returned oil allocation to the open market, and we have regular supplies at higher, but manageable costs. The government continues to regulate the development of domestic oil production which results in more than 16 BILLION DOLLARS per year being spent to operate the DOE and we import more than 68% of the oil we consume, in spite of the fact that known domestic reserves have increased by a huge margin since the time the DOE was created.

Consider the Cable/Satellite Television companies, as soon as the government took action to make everyone conform to a digital system, the price and complexity of access became much more expensive.

Take a look at your cell phone or other communications bills and you will see more charges and taxes for governmental regulations than you will for the service you are buying.

Let’s move forward to early this year, admittedly due to communications and computer advancements, the result of government actions occur at much greater speed, but we can already see the effect of this administration’s policy actions. Take for instance the legislation which was passed to protect the American public from the "vulturistic" actions of the credit card issuers. Within 30 days of the regulation being implemented, credit rates began to climb, credit lines began to shrink and niggling charges began to increase.

Consider the residential property value implosion, the government has spent BILLIONS and wants to spend BILLIONS more to help modify mortgages for those who shouldn’t have received them in the first place. This at a time when executives at Fannie Mae and Freddie Mac have stated that not only do only between 30 and 40 percent of the applicants will ever qualify, but of those that do, 58% will fall back into default inside of 6 months. And of course the problem was caused by interfering government regulation to begin with.

Now, the government is going to help protect us from the rising cost of health care in America. In order to accomplish this and to make “affordable” health care available to the approximately 30 Million people who do not have health care, the CBO has estimated that the taxpayer cost over the next ten years will be somewhere north of 829 BILLION DOLLARS. Another report states that at the point the projected reforms are fully implemented there will still be between 30 and 53 million Americans without insurance. Also, as we enter the open enrollment period for health care plans, we are being told to expect “shockingly higher” costs for our health insurance plans -- in anticipation of the huge cost increases insurers are expected to incur as a result of this protective legislation.

Those who are proponents of the health care reform site the fact that they will be able to offset this cost by eliminating more than 500 BILLION DOLLARS of waste and fraud from the Medicare and Medicaid programs. Do I need to remind anyone that Medicare and Medicaid are Government conceived and operated programs? Who is in charge of and polices the program which has “more than 500 BILLION DOLLARS of waste and fraud”?

I could go on and on. In my lifetime I cannot recall a program created and operated by the government which came in under budget and operated efficiently. Considering that the government has such a sterling history of being so successful protecting our interests, does anyone really want our legislators to pass and implement a health care reform bill? Do we really need the government to protect us from ourselves with such proven efficiency and at such a cost? REALLY?