Health insurance is cheap in some states. In others it costs as much as the lease on a Ferrari. This isn’t because of any flaw in the free market. It’s because we don’t have a free market! What we have instead are laws that reward corporate welfare benefits to special interests and insurance companies.
Use the Ferrari example in my sample letter to make your case . . .
The average medical plan in New Jersey costs $37,164 per year. The monthly premiums exceed the lease for a Ferrari!
By comparison, Indiana has far fewer corporate welfare mandates dictating what health insurance must cover. People in that state can choose between 43 plans costing less than $5,400 annually!
If the New Jersey family could buy medical insurance from an Indiana provider, they’d save over $31,000 a year!
Extend this to the entire country and the results would be dramatic.
by John Browne – Senior Market Strategist, Euro Pacific Capital
The U.S. economy is in uncertain times. Analysts are split between those seeing recovery and those fearing a second downturn. This confusion is being echoed in the highest levels of government as President Obama simultaneously speaks about the need for more federal spending and warns of the dangers of increased debt. As the volatile markets indicate, investors are not only confused – they are seriously concerned.
The country appears to be going through a period of buyer’s remorse over the election of Barack Obama. The majority cobbled together by the President one year ago included the Democratic base, independents hoping for “change,” and many disaffected Republicans betrayed by the Bush Administration’s big-government neoconservatism. It is unlikely that most of these voters favored an overt push toward socialism; however, this is what they have received. As the ‘tea parties’ illustrate, voters are not only confused – they are seriously concerned.
Ron Paul introduced a substitute amendment to replace Mel Watt’s amendment that would have “gutted” HR.1207’s intent. Dr. Paul’s substitute was later passed by the committee over the ‘nay’ votes of both Barney Frank and Mel Watt. It was passed by voice vote. The roll call vote is scheduled for this afternoon.
This was an important step in the process, but the amendment is going to be tacked on to the larger regulatory reform bill being deliberated now.
Watch Ron Paul introduce the bill earlier today in the committee in the video below.
Congressional leaders routinely use your tax money to bribe other members of Congress, buying votes to enact legislation that couldn’t pass otherwise. The so-called healthcare bill is the latest example.
You can copy or borrow from my letter to Congress to write your own . . .
Please oppose the so-called healthcare reform bill. I especially object to the fact that my tax dollars are being used to bribe members of Congress to secure their votes, or to reward powerful Senators. For instance . . .
The Baucus bill has the federal government paying the entire cost for the mandated Medicaid expansion in the following states: Nevada, Oregon, Rhode Island and Michigan. This is an attempt to bribe or reward the Senators and Representatives from those states using my tax money.
Other states aren’t getting this sweet deal. Citizens in the other 46 states will have to pay higher taxes to fund this scheme.
I’m sure the so-called heathcare bill is stuffed with other sweetheart deals, designed to win key votes. You guys call this logrolling. I call it bribery. The only reason Congressional leaders get away with it is because they’re using my tax money to do the bribing, but that makes it worse, not better.
Frankly, I think any Congressional leader who offers a tax-funded benefit for a state or district in order to secure a vote, and any member of Congress who negotiates to gain such a benefit, should be brought up on charges and go to jail for violating the anti-bribery law.
Ron Paul took his anti-Fed, anti-regulatory, pro-transparency message to the CNBC Squawk Box crew today. This is another winning appearance from Ron Paul. He outlines his views fairly well and makes extremely good arguments for his side of the Fed transparency debate.
His appearance was so positive that they end up telling him that he should come on the show as a special guest (as they have from time to time) for the full 2 hours of the show. Paul makes a joke in response. Check it out below.
by John Browne – Senior Market Strategist, Euro Pacific Capital
Last week, the Fed extended its emergency economic powers, which include lending to the money center banks at zero interest. A few days later, the Fed’s plan was reinforced by similar announcements from the rest of the G-20. The road map the authorities are providing for the near-term global economy can’t be much clearer. There will be no cessation of the seemingly endless supply of cheap dollars being pumped into the financial system. With the world apparently in complete accord on the need for ever more liquidity, stock markets are staging an easy-money rally. The main line media is almost euphoric. But what should investors make of this seemingly good news?
This time last year, the world faced a meltdown of its financial systems and a potential depression. Fed Chairman Ben Bernanke, a renowned expert on the Great Depression, coordinated an international rescue of the toxic financial system. Although the bill for these operations has yet to come due, almost all agree it will prove costly to present and future generations. For now at least, the most significant impact of these policies has been the creation of a liquidity bubble in stocks and a surge in commodities.
However, any efforts to reduce these stimuli will result in an immediate correction toward our previous depressionary trajectory. Acceptance of this uncomfortable truth is a political third rail. Therefore, it is highly unlikely that any major government will change course. Rather, the change will be thrust upon them.
It could have been argued that some of the actions taken last year were worth the cost if they had corrected the dangerous deficiencies in the financial system. But after a year, what has changed? The same behemoth banks remain, but even larger and yet more demanding of federal salvation. That particular risk has been increased rather than reduced.
* Thank the 215 Representatives who voted against the cancerous health care bill
* Spank the 220 House members who voted for it
* Copy our Senators on these messages so they will be reminded of where we stand
You can use what I wrote to my Representative as a model for a “spank” letter . . .
Ms. Giffords, I am very angry that you voted for HR 3962. I am copying my Senators on this message because I want them to take note of it, and oppose similar legislation in the Senate.
You failed in your responsibility to read this legislation before voting yes. You cannot possibly really know or understand what you passed, but I will be responsible for all 2,000 pages of it. I am extremely angry that, because of your irresponsibility, I may soon be forced to pay for and submit to a monstrous scheme I do not want!
Please be clear about this — legislation like this is based on force. I am threatened with violence by policemen, bureaucrats, and tax collectors if I refuse to pay for or comply with your grand designs for re-engineering my life.
This complex piece of legislation will entangle my health care in ever-expanding nets of government control, pave the way for a complete government take-over of my health care, bankrupt many businesses, foster unemployment, and increase my taxes, either directly or indirectly, despite promises that this would not happen.
On Wednesday, October 28th, I traveled down to the Drexel University campus to appear on FOX New’s Freedom Watch with Judge Napolitano, Drexel’s Student Liberty Front, Pennsylvania State Representative Sam Rohrer, and Jacob Hornberger of the Future of Freedom Foundation. I was a panel member for the first two sessions covering the concept of “just war” and also the current “financial fiasco” which can be seen below, or watched on this playlist link.
On the first session, my plank on the Iraq War can be read here, and the “War is a Racket” essay by USMC General Smedley Butler can be read here. In the second session, my plank on the Federal Reserve is here, and I highly recommend “Fractional Reserve Banking in Pictures” to understand the current fraudulent monetary system.
Earlier today Judge Andrew Napolitano was the guest host on the Glenn Beck show. Four liberty-loving guests appeared on the show with the Judge. Peter Schiff, John Stossel, Ron Paul, and Rand Paul all appeared. When the Judge hosts Beck’s show it almost turns into an episode of Freedom Watch.
If you don’t know what Freedom Watch is then please check out http://freedomwatchonfox.com/. It’s an online only show hosted by the Judge catering to freedom-loving people everywhere.
Check out the excellent discussions from the show today below.
Two dissatisfied customers comment about a restaurant. One says, “The food here is terrible.” The other replies, “I know, and such small portions!” In many ways, they could be describing our current employment picture. Not only are the portions shrinking, but the jobs themselves are steadily losing quality.
Today’s release of the October jobs report showed the loss of another 190,000 jobs had pushed the official unemployment rate to 10.2%, only the second time since the Great Depression that unemployment was quoted in double digits (factoring in workers who had given up job hunting altogether or have settled for part-time work would push that rate to 17.5%). That didn’t stop Wall Street pundits from trying to fashion a silk purse of this sow’s ear. The ‘green shoots’ crowd focused on the slowing pace of job losses, the nascent economic ‘recovery’ (even if it is jobless), and the projected improvement in 2010. No mention was even made of the quality of what few jobs were being created.
The analysts completely ignored the continued trend of replacing goods-producing jobs with those jobs that require production from other sources. For example, we lost 61,000 manufacturing jobs last month, but added 45,000 jobs in education and health services. In particular, the addition of health workers is nothing to celebrate. Just as a family’s economic position is not improved by higher medical bills, the country as a whole does not benefit from increased health-care spending. Until this trend reverses, our unbalanced economy will not regain its stability, a real recovery will never take hold, and the overall job outlook will get much bleaker.
Liberty Maven
by John Browne – Senior Market Strategist, Euro Pacific Capital
by Peter Schiff, president of Euro Pacific Capital and author of 
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