STEYN: A healthy dose of catastrophe - Washington Times

STEYN: A healthy dose of catastrophe - Washington Times: "Can we afford this? No. Even on the official numbers, we're projected to add to the existing $8 trillion in debt another $12 trillion over the next decade. What could we do? Tax those big, bad corporations a bit more? Medtronic has just announced that the new Obamacare taxes on its products could force it to lay off 1,000 workers. What do those guys do? Well, they develop products such as the recently approved pacemaker that's safe for MRI scans and the InterStim bladder-control device. So that's 1,000 fewer people who'll be working on new stuff. Well, so what? The public won't miss what it never knew it had. So again, the effect is one of disincentivization - in this case, of innovation."