Idle Thought for the Day

Any man who afflicts the human race with ideas must be prepared to see them misunderstood.

H.L Mencken

Health Care Scare

Many companies are crying the blues because of the new health care bill. A closer look at what they are saying about the adverse effects of the bill reveals a story that is not included in their press releases. The following is from a NY times article about this subject:

"When Congress and President George W. Bush enacted a prescription drug plan for seniors in 2003, the legislation encouraged companies to continue providing prescription coverage to retirees, instead of shifting retirees to Medicare Part D, by having the government give those companies large subsidies for each retiree — and also allowing them to deduct those subsidies from their income taxes.

Under the health care overhaul, the federal government will continue providing those subsidies — amounting to 28 percent of a drug plan’s costs — but companies will lose the tax break."

Just a note, that in war, truth is the first casuality.

Dang these sins.

The Political History of Cap and Trade

For those that have an interest in environmental issues or for those that cannot seem to grasp history, the Smithsonian Magazine has a good article of Cap and Trade. I myself was involved in the implementation of Cap and Trade early in the 90's with acid rain curtailment. Accordingly I believe the article has considerable merit. Enjoy


The Political History of Cap and Trade

Another Thought for the Day

"Any idiot can face a crisis - it's the day to day living that wears you out."

—Anton Chekhov