Checkbook Tax?

So, according to Greg Sargent @ ThePlumeLine , Frank Luntz is spreading more misinformation by providing the talking point that the fund large investment firms will be paying into in the event of a catastrophe will be funded by a checkbook tax on every day consumers by increases in fees, etc.

A few points Mr. Duntz.

This fund is going to be bank-rolled by the large investment firms that aren’t covered by FDIC. Rather than Checkbook Tax call this the “Hedgefund Managers Checkbook Tax” since the majority of the burden will be carried by those big time wall street guys playing in derivatives, CDS, and other investments middle America doesn’t get involved in directly.

If you don’t want to pay for the investment firms to deal in their own casino, don’t bank with them.

Use your local banks that are covered by the FDIC.

If the big banks will raise fees leave them.

That’s whats great about competition and free market. If the fees get outrageous, Average Americans can pick up and leave and put their money somewhere else.

You don't have to bank with BofA or Citi. You can bank with your local bank.

Anyways, Luntz, you're a slug.....where's my salt shaker.

What Will Health Care Reform Mean to Everyone Right Away?

Immediately upon passage, insurance companies will be unable to drop children with pre-existing conditions.

Immediately upon passage, there are no lifetime or annual caps on benefits in new policies.

Immediately upon passage, you can no longer be dropped just 'cause they wanna drop you.

Immediately upon passage, children up to age 26 can remain on their parents' insurance policy.

Immediately upon passage, insurance companies will be unable to arbitrarily raise rates.

Immediately upon passage, uninsured Americans will have access to a temporary high-risk pool.

Immediately upon passage, drug prices for seniors will begin to go down as the Medicaid donut hole is closed.