The debt hawks are to economics as the creationists are to biology. Those, who do not understand Monetary Sovereignty, do not understand economics. Cutting the federal deficit is the most ignorant and damaging step the federal government could take. It ranks ahead of the Hawley-Smoot Tariff.
Washington (CNN) — A federal judge in Florida has ruled unconstitutional the sweeping health care reform law championed by President Barack Obama, setting up what is likely to be a contentious Supreme Court challenge over the legislation in coming months.
Monday’s sweeping ruling came in the most closely watched of the two dozen separate challenges to the law. Florida, along with 25 other states, filed a lawsuit last spring seeking to dismiss a law critics labeled “Obamacare.”
Message to Republicans: Be careful what you wish for. Despite what the Tea Party and the polls may tell you, voters probably will not like having their benefits taken from them. And if this ruling is upheld, it opens the door to a single payer system, which you supposedly hate.
The issue was whether the government could force people to purchase insurance from a private company. So, one thing puzzles me: My state requires all drivers to have insurance. Is this too, unconstitutional?
Any lawyers out there who would like to comment?
Rodger Malcolm Mitchell
No nation can tax itself into prosperity, nor grow without money growth.