Sean King

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Knoxville, Tennessee, United States

Tuesday, July 14, 2009

There's No Such Thing as a Free Lunch [P]otential changes coming from Washington have some companies in limbo. Many might not restore 401(k) matches until they find out how much healthcare will cost them, said Mark Ritter, an executive director at business consultant Grant Thornton L.L.P.

"Right now there’s a lot of fear about what the rules will be and what’s the cost," he said. "The thought is, we may have to rob Peter to pay Paul and, depending on how the healthcare initiative impacts our company, we might have to get the money from the 401(k) match."

Uh, I think that's more like robbing Peter to pay Peter.

Stories like this perfectly illustrate why Obama's promise not to tax the middle class to pay for health care reform is totally meaningless. Everyone will bear the cost of health care reform, even if it is not via a direct tax. TINSTAAFL.

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