Bailouts for Lawyers

One of the many proposals in our government right now that we don't know about is a bailout for trial lawyers.  In some states it is legal for trial lawyers to provide loans for their clients in a person injury case.  Under the law now if at the end of litigation the loan is not repaid, or the case doesn't win so the attorney cannot collect, the attorney is allowed to deduct the amount of the loan from taxes.  The new proposed plan would allow them to deduct at the time of the loan being made.

Loans of this type started a long time ago when personal injury cases sought a more modest amount.  I believe the general intention to start was to cover the costs of the clients current medical bills and the fees of the court case.  Then if the client won the case at a the required the attorney would get the loan back plus a "modest" fee.  This of course leads the attorney to try and seek more and more in damages and not the client. 

Most states don't even allow these loans to be made in a personal injury cases, much less would they allow these cases to be basically government funded by our taxes.  Some litigation in injury cases now can be millions of dollars for each case.  Perhaps if our business and corporations paid more in taxes each year instead of finding ways out of it we could start to pay off this national debt that we keep accruing.  

Too Quickly

When Obama was running for president and after he won he told Americans that it would not be easy to get America back on track.  In fact he said that everything would have to get worse before it got better, a statement that many of us choose to ignore.  We can't bail out every industry and person that has trouble and not expect that there will be chaos and huge problems eventually for our government.  

One of the main problems that our government is dealing with today is how to "bail out Americans with no health care" by providing a universal health care plan.  While I am all for the ability of every person to get help when they are sick, I am very afraid of how quickly this plan is going through our Congress, and how little we all know about it.  The house has already passed the health care plan.  The proposed plan is a thick stack of pages all written with a ton of legal jargon that even the best and most schoolery lawyers have trouble reading and understanding.

The phrase "Rome wasn't built in a day" springs in to my head.  I would much rather our country take its time with health care and come up with a really good plan that would benefit our country then make this crazy push to put something through most Americans and most members of Congress probably don't even understand.