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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Feb. 27, 2009 / 3 Adar 5769

Obama's Hubris Is Showing

By Linda Chavez


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http://www.JewishWorldReview.com | Hubris is the word that comes to mind as I listen to President Obama lay out his plan to rescue the economy, create 4 million jobs, halve the deficit in four years, and give quality health care to every American. The man has big ambitions and an even bigger ego. It has been one of the most troubling aspects of his character as it has emerged on the national scene in the last two years. He seems, almost literally, to believe he walks on water. No one — no matter how talented — could accomplish a fraction of what Obama has planned in a good economy, much less the weakened one we have right now. Worse, he thinks he can do this simply by taxing the rich, a fantasy only someone who knows nothing about human behavior, much less the U.S. tax system, could possibly believe.


This is what the president has planned in the health care arena: $634 billion as a down payment on a new system that would provide insurance to those uninsured Americans, about 47 million people at last count. Sounds great — except when you consider who is going to pay for it. About half the money, the White House claims, will come from tax increases on the wealthiest 2 percent of Americans, those earning $250,000 a year or more, and savings from already existing health programs. But the math doesn't add up. There simply aren't enough rich people to pay for the Democrats' plans, even if the president could figure out a scheme to confiscate every penny the rich now earn.


As the Wall Street Journal editors pointed out Feb. 26, 2009, the roughly 3.8 million income tax filers who had more than $200,000 in adjusted gross income (the IRS doesn't break it down at the $250,000 level) paid $522 billion in income taxes, about 62 percent of all taxes paid in 2006. And if the taxman simply took every dime earned by those in the very top group — $500,000 and above — it would pay for about one year's worth of free health insurance for the uninsured.


But there'd be no rich people left for a second or third or fourth year of such a scheme. We've seen this kind of plan before, in Stalin's Russia and Mao's China — free health care, yes, but of universally lousy quality and living standards for everyone that would make the poorest Americans look rich by comparison.


I'm not suggesting President Obama is a communist, but he is a utopian — and that's the danger. He wants to create a perfect society in which the state takes care of everyone in need. It sounds wonderful — but the road to economic ruin and loss of liberty is paved by well-meaning men with good intentions.


The rich — as liberals like to call them — are the people in this society who earn enough to invest and create jobs so that all the rest of us can live decently. A couple earning $50,000 a year with two kids doesn't have money left over after paying the bills to invest in the stock market or even hire one part-time worker at minimum wage.


Small and medium-size businesses create most of the jobs in our economy, and the people who start and run those businesses are the very taxpayers Obama is targeting. He says he's going to cut the deductions these people take on their tax returns by about 20 percent — which means they'll have less to pay their employees and less incentive to hire new ones.


And the worst part of Obama's plan is that it will actually increase the deficit, not halve it as he promises. When individuals have disincentives to earn more money because Uncle Sam will take more of every extra penny they earn, they do the natural thing: They cut back on work. And when they earn less, they pay less in taxes. Obama's plan will mean a rush to the bottom — where government incentives give the biggest rewards to those who produce the least. Pretty soon there won't be anyone to foot the bill.


Maybe if President Obama had spent time in the real economy, not simply as the recipient of government or nonprofit paychecks his whole life, he'd be a little less confident in his utopian plans.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.


JWR contributor Linda Chavez is President of the Center for Equal Opportunity. Her latest book is "Betrayal: How Union Bosses Shake Down Their Members and Corrupt American Politics". (Click HERE to purchase. Sales help fund JWR.)

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