Obama And Other People’s Money

Former British Prime Minister Margaret Thatcher once said that the problem with socialism is that eventually you “run out of other people’s money.” And it’s not just tax dollars she was talking about, as the Obama presidency has shown.

Take the decision to force Catholic institutions to provide health-insurance coverage for sterilization, contraception and abortion-inducing drugs. When this decision caused an outcry, Mr. Obama offered the following compromise: Insurance companies will be ordered to provide such coverage “free” to employees of Catholic churches and organizations.

But of course, this coverage won’t be free. Insurance companies will pass the cost on to policyholders, including those same Catholic institutions. In short, Other People’s Money will be used. Karl Rove – Wall Street Journal – Click To Read More…