Tag Archives: free market

Congress votes to destroy Social Security, 233-184

Those April showers have drowned the media this year with reports of a petulant, prosthetic protuberant princess, also know as “What’s Her Name” or “Smarmy Scandals.”

Meanwhile, back in Congress, 233 members – 54% of that angst body – voted to destroy the Social Security system by not allowing the use of its $2.9 trillion in reserves, forcing cuts of up to 24% in coming years.

As a big boy bonus, this bookkeeping manipulation will allow the fiscal twits to proclaim that nearly three trillion dollars has been cut from the National Debt. These reserves come from excess FICA taxes previously paid by Americans to subsidize years where there was a tax collection shortfall.

But like Tiger Woods winning this year’s Masters (tied at 32), it was not to be. The bill – H.J. Res 2 – required a 66% vote to pass. It fell short by 12%, but under House rules this Constitutional Amendment can be brought up over and over again. Continue reading →

How the “free market” in toilet tissue tricked you

Sometimes you have to cringe when a Capitalism fan praises the wonder of the “free market.”

For example, “free market competition lowers prices…”

Sounds great, but visit a store and compare the price of batteries from various companies – each one is within a penny of the other.

Listen to the CEO of a major airline who explains: “we no longer compete on price because that’s bad for profits for the entire industry.”

Or, be amazed when the generic drug you are prescribed is made by the same manufacturer as the brand name version and the price of both is nearly identical.

Ah…the “free” market. Some politicians salute this as the cure for rising middle class healthcare costs. Is medical services shopping fun as you put your heart attack on pause to consult with various institutions and learn they have no set price, just schedules of charges that all fall within a close range? Continue reading →

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