Sen. Dick Durbin (D-IL), the senior senator from the bankrupt state of Illinois - a state with some of the highest taxes in the United States, took to FOX News Sunday to lecture the nation on why Obamacare and it's tax hikes are better for the nation than new plan for repealing and replacing Obamacare going through the Senate.
We can debate the merits of the newly proposed bill. Personally, I believe it necessary to simply repeal Obamacare in total and then remove all of the industry interference from the Federal government in total, less regulatory authority for safety.
By making health insurance portable over state lines we open up the markets to competition which - by the very nature of Capitalism - forces the lowering of prices across the country.
Further, by eliminating unnecessary Federal bureaucracy in the industry, more revenue is available to the industry for creating non-profit groups (not unlike what Blue Cross and Blue Shield were at their inceptions) that can cater to the pre-existing condition demographic.
But I digress.
As Durbin pontificated about how the new healthcare bill would raise rates, he conveniently dismissed the fact that health insurance premiums under Obamacare have skyrocketed to a significant amount of a household's income, even as access to healthcare has diminished.
This blatant disregard for fiscal truth could only come from someone who helped to destroy Illinois' state economy. With a powerhouse economic engine like Chicago, and a fertile agricultural downstate, Illinois should be thriving. Instead, because of Democrat and Progressive policies of continual tax increases and social spending, the state is literally at the lowest bond rating a state can have, their pensions exist unfunded and the state's economy is dead.
Why, in the name of all that is good in the world, should we even entertain listening the Durbin on anything related to economics? His is the mentality that has led us to a national debt of $19.956 trillion and - more importantly - an unfunded mandate of $106.584 trillion.
I don't care how much you want to do good by others, racking up this kind of debt in the name of a social safety net is insane. It is burning down the house.