What are the ramifications if the Supreme Court finds the individual mandate provision of Obamacare unconstitutional? This is the provision that requires individuals to purchase government defined health insurance or pay a fine.
I hope it will serve as a wake up call to a nation that I believe is still sleeping through a crisis.
Liberal and open ended interpretation of the Constitution, to the point of rendering it practically meaningless, opened the door to steady growth of the federal government and its inexorable encroachment in our lives over the last half century. The problems we are having today all originate here.
Even if Obamacare is repealed, we still have a major problem in healthcare. Costs keep escalating because there is no real, functioning marketplace in healthcare. Ninety percent of healthcare expenditures are made by third parties – government, employers, insurance companies. All due to direct or indirect government controls.
Our growing burden of taxes and government debt – what now is breaking European countries and about to break us – all stem from the growth of government programs that open ended interpretation of the constitution enabled.
Our private economy, where freedom and the creative spirit are still allowed to operate, is going great.
A miracle is taking place in energy with new domestic production of oil and gas made possible by new drilling technologies.
Oil imports as a percentage of our overall domestic oil consumption has dropped almost 25 percent just since 2005. In North Dakota, where much of this new oil production is happening, production has increased from 10,000 barrels a day in 2003 to 400,000 barrels a day.
Natural gas production has increased 26 percent since 2005. This is producing prices in the United States for natural gas that are the lowest in the world. As result, according to University of Michigan economist Mark Perry, firms that use natural gas, like chemical and fertilizer businesses, are actively talking about returning to the United States.
New technologies abound, with more and more gadgets appearing all the time at lower and lower prices.
Computer equipment that cost $1,000 in 1997 today would sell for about $65, Perry calculated.
So why are we turning more and more of our lives over to the most unproductive, least efficient part of our country – government?
Just over the last four years, government spending has increased to take 25 percent of the American economy from 20 percent.
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