Thoughts Before The Alarm Sounds

     ...or starve the government beast – take your pick.      On April 24th I wrote about Rep. Paul Ryan's (R-Wis) “Roadmap For America's Future,” and its planned changes to our income tax structure. Today I will look at the Roadmap's proposals for the health care system. Although there is a connection between the health care system and Medicare, I will defer discussion of Medicare/Medicaid/Social Security until a later date.      Under the traditional system, people buy medical treatment either by paying cash for services or by buying insurance. Those who cannot afford either method may be eligible for Medicaid, and those over 65 years of age get partial coverage under Medicare. Medigap insurance is also available to cover the difference between Medicare coverage and actual medical expenses.      The Patient Protection and Affordable Care Act (PPACA) is a federal statute that was signed into law by Presi...

     ...or starve the government beast – take your pick.      As with all such plans, Rep. Paul Ryan's (R-Wis) “Roadmap For America's Future” contains numerous changes to our national priorities. Today I wish to write about the changes Ryan and the Republican Party would make to our income tax structure. I will discuss other facets of the Roadmap in upcoming days.      The Roadmap would not repeal our current personal income tax structure, but would set up a simplified system parallel to it. Taxpayers would be allowed to choose which system they wish to use.      Under the simplified system there would be only two tax brackets, 10% on the first $100K of taxable income for joint filers, and 25% on taxable income in excess of $100K. It would allow a generous standard deduction and personal allowance ($39K for a family of four). The only credit allowed would be a healthcare credit, which I will discuss at a ...

     In the unlikely event that readers did not notice the new heading for this blog, please look at it now. It's true – I now have two books for sale on the internet.      The radio show Can You Top This? ran on NBC from 1940 until 1954. As many as 6,000 jokes per week were submitted by the radio audience. Emcee Peter Donald read those selected to a panel of three comedians, “Senator” Edward Ford, Harry Hershfield and Joe Laurie, Jr. It was up to each of the three panelists to “top” Donald's joke with another on the same subject. Judgement was rendered by a “laugh meter,” which measured the reaction of the studio audience to each joke. Contestants whose jokes were used on the air received ten dollars; each time one of the panelist's jokes did not top Donald's joke, the contestant received an extra two dollars.      During one of the airings, one of the panelists made the statement, “There are only seven jokes.” Unfortunatel...