Remember all of that nonsense about how the government was going to expand health care coverage while cutting costs? Yeah, well, it looks like they are going to try and expand health care coverage the old fashioned way:
President Barack Obama is declining to take a surtax off the table in the escalating debate over how to pay for a new health care system that would cover millions of uninsured people.
That’s right, here comes the tax increases. Remember, taxation is a zero sum game. When you start taxing for ever larger government programs, you are removing dollars that would otherwise be invested in the economy. Think about that as you read about the next increase in unemployment numbers and business closures.