Topic: Baucus Bill

The hosts claim major news events like the "Balloon Boy" incident are media distractions used to hide secret negotiations regarding the Baucus Bill. They assert that Goldman Sachs has effectively taken over the U.S. government, citing Treasury Secretary Tim Geithner's background. Observations are made regarding President Obama's frequent travel for fundraisers rather than governing in Washington D.C.

The show concludes with an analysis of Section 2215 of the Baucus health care bill. The hosts identify a "loophole" where individuals could theoretically pay a $1,700 IRS excise tax instead of buying insurance, then purchase a policy only after becoming ill due to the ban on pre-existing condition exclusions. They also warn that "high-risk pools" may eventually target gun owners and pilots.

The Congressional Budget Office (CBO) released a report on the Baucus health care bill, estimating it will cost $829 billion over ten years while reducing the deficit. The hosts discuss a religious exemption for Christian Scientists and the legislative tactic of "shell bills," where health care language is inserted into unrelated bills like H.R. 1586.

The Baucus healthcare bill is identified as a tax because the Internal Revenue Service (IRS) is designated to enforce penalties for those without insurance. Failure to pay the mandate could result in fines up to $25,000 or a year in prison, contradicting presidential promises that the plan would not constitute a tax increase.