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Krauthammer: Stop the Bailout — Now

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Photo Credit: Human Events

Photo Credit: Human Events

First order of business for the returning Congress: The No Bailout for Insurance Companies Act of 2014.

Make it one line long: “Sections 1341 and 1342 of the Affordable Care Act are hereby repealed.”

End of bill. End of bailout. End of story.

Why do we need it? On Dec. 18, thechairman of the Council of Economic Advisers was asked what was the administration’s Plan B if, because of adverse selection (enrolling too few young and healthies), the insurance companies face financial difficulty. Jason Furman wouldn’t bite. “There’s a Plan A,” he replied. Enroll the young.

But of course there’s a Plan B. It’s a government bailout.

Read more from this story HERE.

Darrell Issa Subpoenas Treasury Department Over Auto Bailout Documents

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Claiming that it has turned over “only a fraction” of the requested documents, House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., sent a subpoena today to Treasury Secretary Jacob Lew regarding the 2009 taxpayer-funded $50 billion bailout of General Motors.

“Taxpayers deserve the full truth about how decisions were made to use their money in an Administration effort that resulted in protecting generous pensions for unionized Delphi employees while greatly diminishing benefits for non-unionized employees,” Issa said in the letter. The chairman has been investigating the matter since 2010.

For over a year, Treasury has slow-walked his document requests, he claimed.

Read more from this story HERE.