Hostile Takeover: Resisting Centralized Government's Stranglehold on America (52 page)

government spending, 265

health savings accounts (HSAs), 271–273

Hillarycare, 279

Obama on, 255–256, 258

optional services, 270

patient-centered care, 280–283

Quality Adjusted Life Year (QALY), 259–260

Reich on Obamacare, 253–254, 256–257

S-CHIP, 138, 280

“third-party payment,” 276–278, 283

in United Kingdom, 258–260

see also
Obamacare

health insurance, lower-deductible kind, 277

health savings accounts (HSAs), 271–273

Higgs, Robert, 155

higher education, cost of, 246–250

high school dropout rate, 235–236

high-speed rail, 173–174

high taxes, 17

Hillarycare, 279

Hochul, Kathy, 268

Hoffa, Jim, 316

“hostile takeover,” xiii, xiv, 340–342

HotAir,
74

housing bubble, 34–35, 219

Howe, Ben, 6, 7

Huffmon, Scott, 122

Human Action
(Mises), 216

hybrid cars, 162, 163

hyperinflation, 213–214

Icelandic Digital Freedom Society, 319

The Ideological Origins of the American Revolution
(Bailyn), 337

Illinois, tax credits for education, 246

IMF.
see
International Monetary Fund

Immelt, Jeff, 152, 163, 167

income taxes:

flat tax, 177, 192–194, 197

see also
taxation

Independent Payment Advisory Board (IPAB), 262–263, 309

Indiana:

coal gasification, 167

tax credits for education, 246

“indirect” tax, 183, 184

individual freedom

as basis for moral behavior, 85

struggle against big government, 150

individualism, 80–81, 88

“individual mandate,” 268, 315

individual responsibility, 88, 93

individual rights, erosion of, 17

“industrial mutation,” 70

inflation, 206, 213–214, 220, 226, 227

information:

democratization of, 313–314

nature of, 76–77

needed for good government, 56–57, 67

as power, 329–330

information czars, 57–60

information flow:

blogs, 62, 70

democratization of, 64–66

establishment stranglehold on, 58–60

Internet for information sharing, 61–62

from legislators to the people, 67

speed of information dissemination, 69–71

infrastructure, Tea Party marches and, 10

interest groups, 51

interest rates, 211, 216–217

“intergenerational compact,” 297–298

Internal Revenue Code, 178

International Monetary Fund (IMF), 202, 225

Internet:

control of, 60, 62

cyberspace declaration, 318–319, 320

direct-to-consumer video network, 66

disaggregation of information online, 64–66

as medium of information sharing, 61–62

Protect IP Act (PIPA), 320, 321

protest movements and, 76

speed of information dissemination, 69–71

Stop Online Piracy Act (SOPA), 320, 321

“Intolerable Acts,” 15–16

Iowa, tax credits for education, 246

IPAB.
see
Independent Payment Advisory Board

Irish debt crisis, 225

Issa, Darrell, 13

Italy:

debt crisis, 21, 225

Occupy Wall Street events, 90

Jarrett, Valerie, 159

Jefferson, Thomas, 17, 52, 56, 75, 181, 199, 319, 325

Jeffersonian republicanism, 338

Jenkins, Holman, 165

Jobs, Steve, xii, 103, 250

Johnson, Lyndon B., 50, 209, 279, 305

Johnson, Paul, 337

Johnson, Simon, 219

Joint Select Committee on Deficit Reduction.
see
“supercommittee”

Jones, Dwight, 11–12

Jones, Van, 69, 78–79, 80, 81–82, 95, 97, 99–102, 330, 331

journalism:

centralization of control and power in, 53–56

citizen journalists, 64

Jowers, Kirk, 133

justice:

Adam Smith on, 85

defined, 12, 80, 92

laws of, 93

Kaiser, George, 160

Kennedy, John F., 189, 195, 279

Kennedy, Ted (Edward), 138, 231, 241–242, 249, 280

Kennedy Caucus Room (U.S. Senate Office Building), 1, 2

Kentucky, Tea Party, 126–127

Kerry, John, 196–197

Kerry, Teresa Heinz, 196

Keynes, John Maynard:

about, 29, 37

aggregate demand, 39–40, 43, 290

Hayek vs. Keynes, 38–39, 40, 42–43, 44–45

on money supply, 212–213

Keynesian economics, 13, 40–42

Kibbe, Sumner, 172

Kids First (healthcare plan), 280

Kiely, Garrett, 39

King, Martin Luther, 90

Klain, Ron, 168

knowledge:

about, 41–42, 76–77, 328

“pretense of knowledge,” 28, 31–37

Kotlikoff, Lawrence, 194

Krugman, Paul, 29, 40–41

Kwak, James, 219

labor, 316

Landrieu, Mary, 267

Lascell, David, 231

laser eye surgery (LASIK), 270

Lavoie, Don, 28

Leahy, Patrick, 320

Lee, Mike, 1, 3, 5, 6, 63, 100, 127, 133, 134–135, 137–139, 321, 344

Lehrman, Lewis E., 229

Lerner, Jon, 120

LeVera, Damien, 161

“liberal,” use of term, 79

Liberal Fascism
(Goldberg), 46, 102

liberty, 180

Lieberman, Joe, 267

Liebling, A.J., 55, 56, 71

Lindsey, Brink, 73

lithium-ion batteries, 162

loans and grants, educational, 248

The Logic of Collective Action
(Olson), 50–51

“long tail,” 313

“looters and moochers,” 151

Los Angeles, spending on education, 237

Lott, Trent, 134, 327

Louisiana Student Scholarship for Educational Excellence Program, 244

low-sulfur coal, 158

Lucas, Robert, 220

Lugar, Dick, 130

Mack, Connie, 146

Mackey, John, 271–273

“Mack Penny Plan,” 146

macroeconomics, 38, 42, 43

Madison, James, 52, 182, 293, 325

Malcolm X, 90

Malkin, Michelle, 4, 7, 74

Marx, Karl, 29, 115, 203

Mason, Sarah, 92–93, 96, 97, 251

Massachusetts Government Act, 15, 16

Matthews, Merrill, 303

McCain, John, 105

McCarter, Jim, 261

McConnell, Mitch, 126

McGuinness, Paul, 196

McPherson Square, refurbishing of, 13

media:

centralization of control and power in, 53–56, 62, 69

Climategate scandal coverage, 69–70

disaggregation of information online, 64–66

evening news shows, 61

Fairness Doctrine, 58, 59, 62

information czars, 57–60

New Media scooping Old Media, 69

new personality TV networks, 65–66

newspaper circulation, 61

radio/TV station ownership, 58

technology and, 59

Telecommunications Reform Act of 1996, 59

Media Research Center, 58, 69

Medicaid, 287

Medicare, 20, 147, 287, 291, 292, 305–307

Medicare Part D, 168–169, 170, 172

Medicare reform, 309

Meltzer, Allan, 221

Mencken, H.L., on T. Roosevelt, 49–50

Menger, Carl, 29, 115, 204, 205

Miller, Joe, 128

Milwaukee’s Parental Choice program, 243–244

Minnesota, tax credits for education, 246

Mises, Ludwig von, 28, 29, 30–31, 200, 204, 205, 207, 216

Mitchell, Dan, 195

monetary policy, 201–229

central banks, 201–202, 209, 212, 218

Federal Reserve, 201, 207, 211–212, 215, 218

financial crisis of 2008, 201–202, 217–218

interest rates, 211, 216–217

money, 202–208

created by Federal Reserve, 207

devaluation, 214

gold standard, 208, 209, 210, 215, 228

see also
banks; monetary policy

money supply, 203, 206, 208, 211

Moore, Jonathan, 249

Moore, Michael, 83

moral behavior, 85

moral hazard, 226

Morrissey, Ed, 74

mortgage-backed securities, 34–35

mortgage bailouts, 75

MoveOn.org, 321

Mullen, Mike, 19

Mulvaney, Mick, 121, 122, 143, 144

Murkowski, Lisa, 128, 129

Mussolini, Benito, 154

Napolitano, Andrew, 344

national debt, 19–20, 214

National Education Association (NEA), 238–239

National Institute for Health and Clinical Excellence (NICE), 260

National Mall (Washington DC), 9

National Park Service, 13, 88

National Taxpayers Union (for the Right), 321

National Union for Social Justice (NUSJ), 102–103

natural gas, 158, 164

NEA.
see
National Education Association

Nelson, Ben, 267

Nelson, Bill, 170, 267

net neutrality, 60

Netroots Nation, 78, 80, 81, 95

Nevada, 130

New Deal, 50

New Jersey, spending on education, 237

New Media, 64–65, 69, 71

New Orleans, Student Scholarship for Educational Excellence Program, 244

“new revenue,” use of term, 176

newspaper circulation, 61

Newspaper Revitalization Act, 63

New York (state), spending on education, 237

New York City:

spending on education, 237

teachers’ job performance, 240

New York Times,
61, 62, 70, 74

Next Ronald Reagan, 334–335

NICE.
see
National Institute for Health and Clinical Excellence

9/12 Taxpayer March (2009).
see
Taxpayer March on Washington

“Nirvana fallacy,” 156

Nixon, Richard, 209–210

No Child Left Behind, 242, 243

Nolte, John, 89

North Carolina, Woolworth sit-in, 91

Obama, Barack:

“czars,” 26, 47

on “death panels” under Obamacare, 255–256

on economics, 36–37

on education, 245

on financial reform, 33–34

on government, 149

on healthcare, 255–256, 258

on individualism, 80–81

on knowing better, 31, 33

on newspaper rescue legislation, 63–64

on Occupy Wall Street, 98

race card, 125

reelection of, 98–99

on Ronald Reagan, 335

on “socialist” lineage, 79

on TARP, 105–106

Obama administration:

August 2009 townhall meetings on healthcare, 68–69

budget blueprint, 23

deficit stimulus spending of, 43–44

energy policy, 158

financial crisis of 2008, 201–202, 217–218

fiscal leadership, 23–24, 43–44

on green energy, 31–33, 158

on “green jobs,” 31–32, 69, 78, 160, 162

high-speed rail, 173–174

Keynesian economics, 39

monetary policy, 210

smallpox vaccines, 171

Solyndra affair, 31, 32, 78, 156, 158, 159–162

stimulus legislation, 112

stimulus spending, 43–44

TARP, 67–68, 84, 98, 105–107, 154

top-down structures, 315

Obamacare:

constitutionality of, 268

“death panels,” 255–256

funding for, 308

Independent Payment Advisory Board (IPAB), 262–263, 309

“individual mandate,” 268, 315

Mackey on, 273

passage, 68–69, 111–112, 116, 168, 267

Patient Centered Outcomes Research Institute (PCORI), 262–263

penalty, 295

powers and agencies, 266

repeal and replacement, 131, 132, 147, 282

Obamanomics
(Carney), 174

Occupy Cal, 253–254

Occupy Oakland, 11, 90

Occupy Wall Street:

about, 155, 156

anti-Semitism within, 97

arrests, 89

assembly gatherings, 94–95

author on, 83–84

Biden on, 98

central organizing principle, 93–94

cost of trampled turf, 13–14

cost to taxpayers for, 11

events in Europe, 90

Internet tools to galvanize, 76

Van Jones on, 83, 99

One-Percenters, 14, 83

Pelosi on, 14, 15

policy goals, 91

property damaged by protestors, 88–91

sanitation at, 88

sense of purpose, 91

sense of responsibility, 93

O’Donnell, Frank, 167

O’Driscoll, Gerald, 154, 221

oil, 158, 164

Olson, Mancur, 50–51

“One Cent Solution,” 146

One-Percenters, 14, 83

opportunity cost, 43

Organizing for America (OFA), 87, 323

Organizing for Obama (OFO), 87, 324

O’Rourke, P.J., 42

out-of-control spending, 17

overnight camping laws, 13

Owens, Colleen, 12

OWN (TV network), 66

Paine, Thomas, 73

paper money systems, 209

Papola, John, 38

Parkin, Shaun, 5

partisanship, 106

Pastorek, Paul, 244

patient-centered care, 280–283

Patient Centered Outcomes Research Institute (PCORI), 262–263

Paul, Rand, 126–127, 137, 143, 309, 321, 338

Paul, Ron, 126, 200, 201, 227, 228, 274–276, 321

Paulson, Henry, 217, 219, 224, 225

payroll taxes, 188

Pell Grants, 248

Pelosi, Nancy, 9, 14, 15, 67–68, 106, 107, 112, 116, 266

Pennsylvania:

natural gas exploration, 165

spending on education, 237

tax credits for education, 246

Pennsylvania Educational Improvement Tax Credit, 246

pensions:

public pension system, 301–302

see also
Social Security

Perelman, Ronald O., 171

personal responsibility, 88, 93

petroleum, 158

pharmaceutical and health products industry, 168–171

Pharmaceutical Manufacturers Association (PhRMA), 168, 169, 170

PIGS European countries, national debt, 21

PIPA.
see
Protect IP Act

PISA.
see
Program for International Student Assessment