Second Federal Judge Strikes Down Obamacare
BigGovernment.com
Posted Jan 31st 2011 at 1:13 pm
by Publius
From Reuters:
A judge in Florida on Monday became the second judge to declare President Barack Obama’s healthcare reform law unconstitutional, in the biggest legal challenge yet to federal authority to enact the law.
U.S. District Judge Roger Vinson, appointed to the bench by President Ronald Reagan in 1983, ruled that the reform law’s so-called “individual mandate” went too far in requiring that Americans start buying health insurance in 2014 or pay a penalty.
“Because the individual mandate is unconstitutional and not severable, the entire act must be declared void. This has been a difficult decision to reach, and I am aware that it will have indeterminable implications,” Vinson wrote.
The Government Bubble: Crisis in Egypt Reveals Positions of Power
BigGovernment.com
Posted Jan 31st 2011 at 2:43 pm
We are navigating through truly uncharted political and economic territory. Members of the financial cognoscenti have freshly alluded to the notion of the ‘government bubble’ as the next blow to the world economic order.
Since 2008 we have seen the housing, financial, and insurance markets hit on a global level, one after the other. At one point, they all burst because they were unsustainable. You don’t have to be a politico to know that the sovereign debt crisis is real. Just look around. As European countries (Portugal, Ireland, Italy, Greece, Spain, and Belgium) reshuffle hundreds of billions of dollars to lighten rising government deficit and debt levels, Republican appropriators here at home futilely attempt to get our books in order. Ladies and gentleman, something is afoot.
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