So much for health care “reform” controlling costs:
Microsoft Corp., the world’s largest software company, said it will require employees to contribute to their health-care benefits starting in 2013, citing the rising cost of providing worker coverage.
About 95 percent of the company’s roughly 90,000 employees have benefits covered completely, Lou Gellos, a spokesman for Redmond, Washington-based Microsoft, said in an interview today. He said he didn’t know what portion employees will be asked to provide.
“The cost of health care has, over the years, increased dramatically,” Gellos said in an interview today. “The projections going forward have them going way up, and in order to be sustainable, some sort of evolution of our health benefit was necessary.”
Et tu, Gate?
Liberals are so convinced by their good intentions that they can glide from excuse to lie to prevarication without blinking. Health care reform hasn’t done anything that was promised of it—and promises far worse—but it was still a good idea, the thinking goes (and I use that word, ahem, liberally).
Here’s another one:
As the infamous Troubled Asset Relief Program (TARP) winds down this week, Republicans and Democrats in Washington, D.C. are patting themselves on the back for a job well done. Not only are they claiming to have saved the nation from a “Second Great Depression,” this so-called economic miracle was apparently purchased at a bargain basement price.
According to the Congressional Budget Office, TARP will cost taxpayers “only” $66 billion. The White House puts the figure even lower – at $50 billion.
Of course these rosy, election-year estimates are based on government liquidating its ownership stake in hundreds of “private” corporations – including a 92 percent stake in the American International Group (AIG) and a 61 percent stake in General Motors (GM).
For taxpayers to recoup their “investment” in AIG, the government will have to sell 1.66 billion shares of common stock at an average price of $29 per share. At GM, the government must sell 304 million shares of common stock at an average price of nearly $134 per share. Hitting these targets would be a daunting task in any economic climate – and may prove insurmountable in our ongoing malaise.
“How does one get $49 billion out of a company that’s currently worth $25 billion?” an investment research publication recently asked. “The follow on question is: why would investors buy AIG shares while the government’s AIG stock sale could last 18-24 months?”
Short answer? They wouldn’t – and likely won’t.
Meanwhile, none of the TARP money that’s been repaid to the U.S. government thus far is actually being returned to taxpayers. Nor is it being used to pay down America’s ballooning debt. Instead, it’s being spent on new bailouts, more borrowing and additional deficit spending.
Remember? Money lent was supposed to be paid with interest, thereby contributing not a cent to the national debt. Of course you don’t remember. Each promise from this administration expires upon its articulate (and clean!) utterance.
Besides, who can oppose the progressive wet-dream of more bailouts to favored industries and interest groups? We didn’t lie, they tell themselves, we improved the truth.
Being liberal means feeling guilty over the failings of others, but never your own.