Robert ‘the Fourth’ Reich Rants On (On NPR, Of Course)

Robert 'the Fourth' Reich Rants On (On NPR, Of Course)
Posted by David Kramer on February 9, 2011 08:52 PM

Here are some choice excerpts by one of the leading economically-ignorant public figures of our time (but aren't they all, with the exception of those few who know Austrian economics?) on the legality (at least in the Fourth Reich's National Socialist mind) and importance of the individual insurance mandate in the Obama health care law.

How economically-ignorant art thee, Robert the Fourth Reich? Let me deconstruct the ways (in bracketed blue text):

"According to a recent poll, 60 percent of the public opposes it [the individual mandate to buy health insurance]…Yet the new system can't work without the individual mandate. Only if everyone buys  insurance can insurers afford to cover people with preexisting conditions or pay the costs of catastrophic diseases." [As Peter Schiff, one who is knowledgeable in Austrian economics, has so logically pointed out: Only if the penalty for not paying for insurance is appreciably higher than an average insurance premium will the government be able to force everyone to buy insurance. Otherwise, why would anyone bother buying health  insurance if he could just wait until he got sick to buy it and then pay a small penalty? Being able to force an insurer to pay for a preexisting health condition is like being able to buy fire insurance after your house has burnt down, and then forcing that insurer to having to cover your loses. (As many people have pointed out, "catastrophic diseases" are the only things that should be eligible to be insured for anyway, not routine office visits and routine lab tests. This is one of the reasons why our current health insurance system is so expensive: People are expecting everyone else to pay for their own affordable health care costs that should really be coming out of their own pockets.)]

"The curious thing is Americans don't mind individual mandates when they come in the form of payroll taxes to buy mandatory public insurance. In fact, that's the system we call Social Security and Medicare, and both are so popular politicians dare not touch them. And no federal judge has struck down Social Security or Medicare as being unconstitutional requirements that Americans buy something." [First of all, Rothschild-Rockefeller puppet Reich ( he is, after all, a Rhodes "scholar"), nobody voluntarily pays for Social Security or Medicare. It is forcibly removed from one's paycheck before one even sees the money. Would the Fourth Reich like to see how many people (who, according to him, "don't mind") would gladly opt out of Socialist Security and Medicare if they had the option of paying into those government programs, rather than having the money from their paychecks stolen from them before they even see the money? Secondly, "federal judge"? "unconstitutional"? When was the last time an employee of the Banksters -- Oops, I mean a "Your Honor" -- ever paid consistent attention to the Constitution? These government lackeys only follow the Constitution when it suits their particular political agenda. Also, MEMO to Robert the Fourth Reich: Socialist Security and Medicare are now, for all intents and purposes, nearly bankrupt. (Of course, in the case of Socialist Security, what else could you expect from a legitimatized Ponzi scheme?)]

"So if the individual mandate to buy private health insurance gets struck down by the Supreme Court or killed off by Congress, I'd recommend President Obama immediately propose what he should have proposed in the beginning -- universal health care based on Medicare for all, financed from payroll taxes." [Economically-ignorant Robert the Fourth Reich has obviously not gotten around to reading about the economic "efficiency" and "high"-quality of the Single Payor Universal Health Care systems that are already in place in "progressive" Great Britain, Canada, and New Zealand. But that's okay, the economically-ignorant RTFR obviously still hasn't gotten around to even reading Henry Hazlitt's Economics in One Lesson.]