Now we enter our history's second stage in the struggle against the abomination of socialism. Just as slavery had been contained in the South, so entitlement socialism has, until this week, been more or less contained in service to only the poor and the elderly. And even those programs -- Medicare and Social Security -- rested on the principle of beneficiaries paying monthly premiums for the benefits they will get later. Only the poor under Medicaid received benefit without premium payment.
But now, just as the Kansas-Nebraska Act of 1854 broke through the slave-state limitation to the South, the Democratic Party's 2010 health care law has broken socialism's boundary of being so limited. Now, the chains of socialism are to be clamped onto the able-bodied middle class -- not merely the already-presumed-helpless poor and old who have paid their insurance premiums.
Even the New York Times -- after the vote -- admitted what the bigger goal has been all along. In Wednesday's edition, "In Health Care Bill, Obama Attacks Wealth Inequality," David Leonhardt, pointed out: "Beyond the health reform's effect on the medical system, it is the centerpiece of his deliberate effort to end what historians have called the age of Reagan. Speaking to an ebullient audience of Democratic legislators and White House aides at the bill-signing ceremony on Tuesday, Mr. Obama claimed that health reform would 'mark a new season in America.' ... Above all, the central question that both the Reagan and Obama administrations have tried to answer -- what is the proper balance between the market and the government? -- remains unresolved. But the bill signed on Tuesday certainly shifts our place on that spectrum."
I thank the New York Times for that honest statement of historic fact.
For example, the new law takes away from insurance companies the right to charge for insurance based on actuarial risk, which is the essence of insurance. Now they will charge what the politicians tell them to charge -- and pay such benefits as the politicians order them to pay. They may for a while make money, but that will be at the sufferance of the politicians. One may call this mere regulation, but it is regulation to such a degree that it constitutes effective ownership of the insurance company. The former equity holders in such companies are now merely nominal owners. Also, the new law provides for taxes on investment income to pay for socialized health care: Sucking out the lifeblood of our economy to fund the deathbeds of the destitute.
These intrusions are combined with: (1) The nationalization of GM and Chrysler and the partial nationalization of the banks; (2) the establishment of trillion-dollar taxpayer-funded slush funds such as the stimulus package and the Toxic Asset Relief Program (TARP); and (3) the creation over 10 years of $10 trillion in new government debt, which steals from our children and grandchildren dollars yet unmade to pay foreign debt-holders. The result: The center of gravity of our economy moves from the private sector to the public sector.
And just as the free states could not tolerate the spread of slavery into their midst, so too, free, middle-class America -- if it still has its historic character -- will not tolerate the yoke of socialism put upon our necks.
Read more of Mr. Blakley's excellent work here www.huffingtonpost.com/tony-blankley/#blogger_bio