If you understand how giving giving federal tax dollars to auto manufacturers who can't survive with more federal tax dollars hurts both the car companies, their employees, and taxpayers, then you may doubt the wisdom in throwing more borrowed federal money at states' busted Medicaid budgets.
How about $15.2 billion?
Of course, Kentucky's share is only $205 million, which is about half what really-big-government states New York and Massachusetts are getting on a per capita basis. But still, this only encourages us to tax and spend increasingly larger amounts of money on entitlements. Probably not the best plan when we already overspend on this every year.
When will we learn? Apparently, not soon.
Monday, February 23, 2009
Medicaid bailout delays right-sizing in KY
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2 comments:
Lets remember the state won't get reimbursed 68 million at Oakwood where employees sexually abused clients and let at least one drown in a bathtub. Check out Pacer where the state sued the feds on Feb. 18.
"When will we learn?" Expecting conservatives to ever learn is like expecting the sun to rise in the West and set in the East. No wonder John Stuart Mill wrote of conservatives:
"Conservatives are not necessarily stupid, but most stupid people are conservatives."
Conservatives seem incapable of grasping Alexander Hamilton's concept of proportional taxation on the movement of all moneys. Yet proportional taxation applied to all movement of moneys would result in lower taxes for everyone.
In Federalist Paper 12, Hamilton wrote:
"The ability of a country to pay taxes must always be proportioned, in a great degree, to the quantity of money in circulation, and to the celerity with which it circulates."
Apparently also is the concept of the circulation of money in the body politic. Hamilton also addressed that issue: In Federalist Paper 30, Hamilton wrote:
"Money is, with propriety, considered as the vital principle of the body politic; as that which sustains its life and motion, and enables it to perform its most essential functions. A complete power, therefore, to procure a regular and adequate supply of it, as far as the resources of the community will permit, may be regarded as an indispensable ingredient in every constitution. From a deficiency in this particular, one of two evils must ensue; either the people must be subjected to continual plunder, as a substitute for a more eligible mode of supplying the public wants, or the government must sink into a fatal atrophy, and, in a short course of time, perish."
No wonder Rush Limbaugh wants America to fail. American success doesn't fit in with his feudalistic conservative philosophy.
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