Larry Elder

"The political risks of failure are pretty high."

A former congressional aide offered this ominous assessment following the House of Representatives' passage of "health care reform." Warning to the Senate: President Obama and his party face political catastrophe if you fail to do your part so that the President can sign a bill!

Nonsense.

The political risks of success are much, much higher. Taxes would go up -- and not just on "the rich." And since "the rich" provide jobs, they would hire fewer people, spend less on their businesses, and take fewer risks. Costs would explode beyond government estimates -- which conveniently limit the estimated price tag to only the first decade.

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Expect insurance companies to deny requests for medical treatment at a greater rate than today. Why? The bill would require insurers to take people with pre-existing illnesses, so denying requests for treatment would be the only potent weapon to reduce costs. And since those with pre-existing illnesses could not be denied coverage, people would simply wait until they required care before getting insurance -- only to drop it and risk paying fines once they were treated.

Government eventually will start "controlling costs" by rationing care -- denying requests; imposing waiting times for treatment; and withholding treatment from those with "bad" lifestyles (e.g., those who smoke cigarettes or those who fail to exercise and eat "appropriately") and those considered too old to "sufficiently benefit."

President Franklin D. Roosevelt, during the Great Depression, launched the New Deal -- a blinding array of expansive and expensive government programs designed to "rescue" the economy. Obama, as did FDR, calls this expansion necessary in order to achieve economic recovery. Government expansion -- in this case, ObamaCare -- and economic prosperity supposedly go hand in hand.

Henry Morgenthau served as FDR's Treasury secretary. Thus Morgenthau, who served from 1934 to 1945, was to FDR what current Treasury Secretary Timothy Geithner is to Obama. Morgenthau wrote in 1939: "We have tried spending money. We are spending more than we have ever spent before and it does not work. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. ... I say after eight years of this Administration we have just as much unemployment as when we started ... and an enormous debt to boot!"


Larry Elder

Larry Elder is a best-selling author and radio talk-show host. To find out more about Larry Elder, or become an "Elderado," visit www.LarryElder.com.