Bend over! Here comes Teddy!

Now that I have swallowed the vomit in my mouth perhaps I will take a few minutes to bitch about the latest proposal to come from the Nation's Capitol that will surely mean a smaller chicken on the dinner table for those who have had the audacity to succeed. You know the type. We went to college, got married, had a few kids and have been hustling ever since so maybe our kids can break in to the ranks of professional America and have a white collar job. Put a hold on that idea kids because since like everything else in Washington that is inefficient Ted Kennedy's brain tumor has not yet done its job thus inducing him to concoct this little gem.

For those of you familiar with the Kennedy family and the rest of the richest members of our society, apparently there is some shame being rich. So much shame that instead of giving the bulk of it (90%) freely to some charity they believe in they would rather maintain their lavish lifestyles and tell us how to spend our hard earned money via the income tax. The latest in governmental sodomy involves the idea of a National Health care system.

Now everyone with at least four brain cells in their head knows that National Health care does not work. Simple fact. Just do a bit of reading on the net and find out how wonderful things are in terms of Doctors and Hospitals in say.....Canada. Sure, you lacerate your hand and you get to go right to the ER. Of course the dubiously qualified Doctor who sutures it may attach it to your forehead but so what? At least it is free, right? Of course in those societies contemporaries of the Kennedy clan go to only the finest private clinics.

So lets for a moment take a look at pieces of this story from today on Bloomberg.com. For openers, this.

President Barack Obama wants Congress to consider taxing the wealthy instead of workers to pay for a health-care overhaul, as House Democrats discuss a plan to require health insurance for most Americans.

For those of you who do not know the contemporary definition of rich in the Washington dictionary it equates to a household income of 150 thousand. So if you are thinking Steve Forbes and Bill Gates here, you are wrong.

Obama’s own proposal would set a 28 percent cap on tax deductions for items such as mortgage interest, investment expenses and charitable gifts for Americans in the two highest tax brackets, which would be 36 percent and 39.6 percent under his proposals. Without the cap, they would be able to deduct 36 cents and 39.6 cents on the dollar for those expenses, respectively.

You remember mortgage interest deductions don't you? If I am not mistaken its about the only thing from keeping most of us from sending over sixty percent of our income to Obama and Kennedy.

And just to make sure your kids don't get to keep anything the government hasn't stolen while you were alive there is this little gem.

Obama also proposes new taxes on securities dealers and life insurers, and to raise revenue by prohibiting certain estate-planning techniques.

I'm sorry, I did mention Uncle Ted didn't I? Here is America's favorite Uncle.

In the Senate, health committee chairman Edward Kennedy has an early draft of legislation that also includes a so-called “individual mandate,” and would require all employers to supply health insurance for workers or contribute to the cost of a plan.

I am sure a gallon of milk and loaf of bread won't rise in cost due to this well thought out scheme.

Kennedy, a Massachusetts Democrat, would also create a public health plan to compete with private insurers, a priority of Obama’s that is opposed by Republicans, and would bar insurers from limiting coverage.

I don't want to ruin the rest for you. On an empty stomach go to the link for full details. Then REMEMBER this during the next national election. Or are you all still running on HOPE?