Today’s AYFKM? Award: Senate Dems To Limit Insurance Execs Pay
YEE-HAW! We have a few more of these Saturday votes and you won’t be paying attention anymore when the fascists-in-charge take away all American and capitalist tenets and really turn the country red. Let’s not forget that this is coming from the people who keep voting themselves pay raises and office budget increases. At this point, term limits are looking like a mild form of redress.
How big a leap is it from “curb the pay of executives at health insurance companies that benefit from federal subsidies” to curb the pay of all executives at health insurance companies, to curb the pay of all executives, period? I mean we “let them” start down this particular slippery slope of manure with the financial industry, so don’t you dare be putting the blame anywhere else than exactly where it needs to be placed; liberal democrats, republicans that walked hand in hand with their progressive socialist democrat brethren, Barack Obama, and George Bush who said, “I’ve abandoned free market principles to save the free market system” (AYFKM?!!). I would include the rest of us in the blame, but we actually are that small percentage that has always had their heads screwed on straight, knows how to stick to a budget, and were against all the bailouts and freebies that both Bush and Obama have been tossing like moldy bread out to the roman crowd.
Senate Democrats will offer an amendment this weekend to curb the pay of executives at health insurance companies that benefit from federal subsidies, fueling the growing feud with the powerful industry.
Sens. Blanche Lincoln (D-Ark.), Frank Lautenberg (D-N.J.) and Robert Menendez (D-N.J.) have sponsored an amendment that would prohibit health insurance companies from deducting more than $400,000 in executive compensation per individual. The cap would apply to companies that earned 25 percent or more of their income from Americans who buy insurance from government-created exchanges.
How many insurance companies are going to offer insurance in a government created exchange 5, 10, 20 years from now?
The Senate will debate the measure Saturday morning and is expected to vote on it around 3 p.m.
The democrats KNOW that 2010 is going to be an glacial avalanche hitting them squarely in the face, so look for more Saturday votes on important issues like this one.
“By eliminating an enormous tax deduction that allows insurance companies to line the pockets of their executives, this proposal will raise about $651 million over the next 10 years, which will be required to go toward the Medicare trust fund,” Lincoln told reporters Friday afternoon.
Funds for the Medicare Trust Fund never made it to the trust fund in the first place. How will this be any different?
Lincoln on Friday reiterated her opposition to the public option, which some liberal Democrats believe is essential to prevent the bill from becoming a multi-billion dollar giveaway to the insurance industry.
“I’ve been very clear, I don’t support a public option that is government-funded or government-run that puts the taxpayer at risk in the long run,” Lincoln said.
So an amendment that limits executives pay has nothing to do with being government-run?
The Arkansas lawmaker said she would even oppose setting the public option to a trigger if the insurance program ultimately implemented would be controlled or funded by the government.
Mark those words because she will roll-over just like Landreau and the rest of them.