2009-08-11 The Whole Foods Alternative to ObamaCare

From Issuepedia

<hide> <let name=data index=Date>2009-08-11</let> <let name=data index=Author>John Mackey</let> <let name=data index=Source>Wall Street Journal</let> <let name=data index=Topics>\Obamacare\Whole Foods Market\US/healthcare/reform/2009\socialism\other people's money</let> <let name=data index=URL>http://online.wsj.com/article/SB10001424052970204251404574342170072865070.html</let> <let name=data index=Title>The Whole Foods Alternative to ObamaCare</let> <let name=data index=TitlePlain>The Whole Foods Alternative to ObamaCare</let>

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"The problem with socialism is that eventually you run out of other people's money."

With a projected $1.8 trillion deficit for 2009, several trillions more in deficits projected over the next decade, and with both Medicare and Social Security entitlement spending about to ratchet up several notches over the next 15 years as Baby Boomers become eligible for both, we are rapidly running out of other people's money. These deficits are simply not sustainable. They are either going to result in unprecedented new taxes and inflation, or they will bankrupt us.

While we clearly need health-care reform, the last thing our country needs is a massive new health-care entitlement that will create hundreds of billions of dollars of new unfunded deficits and move us much closer to a government takeover of our health-

A thoroughly dishonest beginning (Obamacare is deficit neutral) to an editorial which spurred a liberal boycott of Whole Foods Market (Mackey is co-founder and Chairman of the Board). Conservatives are suddenly finding a new love for the "365" brand, while arguing that the boycott shows the intolerant nature of liberals: "taking your business elsewhere" is apparently only acceptable to conservatives when it's the thing you should be doing instead of imposing regulations... or if it's in support of their values.

Commentary:

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<let name=data index=TextShort>“While we clearly need health-care reform, the last thing our country needs is a massive new health-care entitlement that will create hundreds of billions of dollars of new unfunded deficits and move us much closer to a government takeover of our health-care system.”</let> </hide><if not flag=$including><let name=docat val=1 /><call ShowLinkData /></if>