The Patient Protection and Affordable Care Act, or the recent health care law, was rushed through the political process and touted as deficit neutral legislation.

In 2008, the Alaska Legislature passed House Bill 13, which authorized the selling of bonds (debt) for investment to fill the $10 billion pension gap in PERS/TRS.

The Federal Health Care law, known inside the beltway as the Affordable Care Act (ACA), contains a morass of new complicated laws, and gives unelected bureaucracies broad powers to create regulations to implement the law (and new bureaucracies to implement those regulations). In this tangled jungle of rules is a requirement that businesses will have to do more reporting using the IRS form 1099. A lot more.