Democratic Senator: Health Care Law to Address ‘Mal-Distribution of Income’

As Democrats tout the moral underpinnings of the federal health care system overhaul — ensuring health care coverage for nearly all Americans — one senator appeared to go off message when he said the legislation would address the “mal-distribution of income in America.”

After the Senate passed a “fix-it” bill Thursday to make changes to the new health care law, Sen. Max Baucus, D-Mont., chairman of the influential Finance Committee, said the overhaul was an “income shift” to help the poor.

(hattip: mawskrat)

(hattip: Macker)

Rodan Update: In related news here’s a worrying trend I read about concerning US Treasury Notes.

Short-Term Rates Edging Up