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With the passing of ObamaCare on 3/21/10, a day of infamy, the United States departed from her foundational principles of individual freedom and liberty and lurched into the realm of Socialism. The Democrat motto of “the right of healthcare for all” comes at a price. With a federal deficit on the fast track to insolvency, the Democrats have only one option to realize this untenable utopia: tax increases for all. Hardest hit will be businesses–large and small. Big business will pass along the costs by increasing their prices as well as cut expenses (translation: decrease their workforce) and small businesses will be forced to close their doors.

The National Federation of Independent Business (NFIB) sent a letter in December 2009 to Senators Harry Reid and Mitch McConnell outlining the dangers of this legislation to small business. A local small business owner shares her fears about the tax increases from the healthcare legislation.

Howard Portnoy discusses the impact of ObamaCare on restaurants in the Green Room.

As oil is needed for an engine to run, entrepreneurs and businesses–both large and small–are necessary for  a vibrant economy. The Obama Administration and Democrat policies seem to think they will be a sufficient oasis for a desolate economy and discouraged public. In their egotism, they have overestimated their importance and ability to solve our economies problems. On the contrary, they are only exasperating the issues.

Gabriel at AoS has some troubling revelations.

Self-restriction, self-denial, self-discipline, temperance, moderation, spending freezes, et.al., are so passé. Especially if you live in Chicago. 

Illinois has a “historic $4 billion backlog of state bills.

Mayor Daley prepares for mass layoffs in Chicago. (h/t Riehl World)

CTA board expected to voted today and approved an increase in transit fares, again

The agency blames higher costs and Gov. Rod Blagojevich’s decision in January to extend free rides to seniors.

Rob Peter to pay Paul. Some people call this “sharing our toys,” others call it “socialism.”

The CTA’s still got to raise fares even though there’s an increase in passengers?” Rome, 56, said in disbelief. “Is somebody stealing money from the CTA, or does the head of CTA not know what he’s doing?”

I think he’s onto something. Gov. Blagojevich confesses:

Blagojevich has countered criticisms of the senior free rides and his veto of the transit subsidy by saying the CTA has failed to manage it money well, despite a sales tax increase for transit that the legislature passed in January. Blagojevich begrudgingly accepted the tax hike, but he added the senior free rides.

Now, nine months after the tax increase, a statement Thursday from the governor said it is “unfortunate that the CTA is now asking riders to bail them out.”

Wonder how P.E. Obama will pay for those social programs? Look no further than the Windy City and get ready to empty your pocketbook. It’s part of the Chicago  Way.

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