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Monday, December 27, 2010

Economic Laws Are Like Gravity

You are free to ignore the law of gravity, but that won't mean it will stop. Ann the law of gravity can not be repealed, even with a majority vote in Congress.

Congress Can’t Repeal Economics - The Freeman: "It’s raining! I don’t like it! Why hasn’t Congress passed the Good Weather Act and the Everybody Happy Act? Sound dumb? Why is it any dumber than a law called the Patient Protection and Affordable Care Act, which promises to cover more for less money? When Obamacare was debated, we free-market advocates insisted that no matter what the President promised, he and Congress couldn’t repeal the laws of economics. Our opponents in effect answered, “Yes, they can.” Well, Obamacare has barely started taking effect, and the evidence is already rolling in. I hate to say we told them so, but . . . we told them so. The laws of economics have struck back. Health insurers Wellpoint, Cigna, Aetna, Humana, and CoventryOne will stop writing policies for all children. Why? Because Obamacare requires that they insure already sick children for the same price as well children."

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