Higher Costs, New Taxes - The Perpetual Lie: More Government = Less Expensive
Running Tally of the Government Making Things Cheaper |
We have centuries of evidence to the contrary.
Government promises already made are unfathomably short of coin.
A rule of thumb in government is that new programs almost always cost more than politicians predict. So it should come as no surprise that the new Medicare prescription-drug benefit will cost taxpayers more than originally advertised.
When the plan to help seniors cope with skyrocketing drug costs passed Congress in 2003, the advertised price was $400 billion over 10 years. Two months later, the Bush administration “revised” the estimate to $534 billion. Now, Medicare officials project the cost to be $724 billion from 2006 to 2015, its first full decade.
As eye-popping as those numbers are, the real cost will likely be higher. Long-range projections are notoriously inaccurate. When Medicare, the government’s health care system for the elderly and disabled, was first enacted in 1965, lawmakers predicted it would cost $9 billion by 1990. In fact, it cost $67 billion that year.
So this unbelievable wrong-ness shouldn't shock us.
Lawmaker: Obama Should Win ‘Lie of the Year’ Again for Claiming No Corruption at IRS
White House Knew ObamaCare Claims Were False
The Washington Post Confirms Obama Is Lying About Benghazi
Top Obama Aide: President Lied About Opposing ‘Gay Marriage’ to Deceive Blacks, Get Elected
FCC’s Net Neutrality Rules Open Door to New Fee on Internet Service
If the government increases its regulatory reach – things get more expensive. It’s inherent. Federal government regulations alone cost the economy more than $2 trillion per year.
To assert that THIS time a dramatic regulatory increase will run counter to every iota of evidence ever and miraculously lower costs is either naive or disingenuous on stilts.
And if the government is going to regulate the Internet like landline telephones – they’re going to tax the Internet like landline telephones. It’s their nature. And not Nostradamus-esque to predict.
And if the government is going to regulate the Internet like landline telephones – they’re going to tax the Internet like landline telephones. It’s their nature. And not Nostradamus-esque to predict.
Which is currently 17.4% - and goes up automatically every calendar quarter. And goes up each and every time three unelected Federal Communications Commission (FCC) bureaucrats decide they want more of our coin. Which they just did - with a 17.1% rate increase in December.
Likely so the new additionally-inflated tax - would be in place for the soon-to-be-minted Internet power grab.
Higher costs and new taxes - again, not a surprise to anyone paying any attention to anything government does.
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Seton Motley is the President of Less Government and he contributes to ARRA News Service. Please feel free to follow him him on Twitter / Facebook.
Tags: Seton Motley, Less Government, Higher Costs, New Taxes, The Perpetual Lie, cost of Government, Big Government To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
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