Monday, December 26, 2005

Corporate Welfare Increases--Thanx to Your Asinine Government Reps!!!

Believe it or not according to winger thinking this is okay. Why? Coz if a company is smart enough to figure out how to get more money for its stockholders by keeping costs to a minimum (in this case zero) they have a right to all they can get their hands on!

Woo-hoo everyone--welcome to the New Gilded Age!!!
Companies will get federal windfalls to keep drug plans for retirees: "Once the new Medicare prescription drug program goes live Jan. 1, some Triangle employers will receive a federal, tax-free windfall - in most cases worth millions - for doing absolutely nothing.

The largest local payment will go to the State Health Plan, which has applied for an estimated $63 million. The payment is a subsidy the federal government will pay in exchange for an organization maintaining its own drug program and not relying on Medicare."


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