Liberals are enraged at Obama for caving into Republicans on the tax rates, but as a conservative, if I had to choose either one, I would have much preferred letting the tax rates expire to creating the massive new health care entitlement. Over the decades, tax rates have gone up and down, but politicians — not even Ronald Reagan — have made a dent in entitlement spending. Single payer National health insurance has long been a dream of liberals, and while they didn’t go all the way with Obamacare, it does put us on the road to becoming a European-style welfare state. Its existence also makes it impossible to reform entitlements on market-friendly terms, given that health care is the key factor that’s driving up the cost of government.
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