Let’s continue this conversation. And again, let’s repeat — this is not HealthCare reform. It is economic reform. And it is not even sound economic reform. It is simply a shell game. Most unfortunately, the administration, with the most timely and admirable of goals, has backed itself into a corner. Deliver this or else. But the “or else” is the 80 pound gorilla. Will it be the best solution? Will it be a good solution? Will it be a solution at all?
Many have asked this question — how is this going to be funded? Where are the funds? Various answers have been offered. We will save money in one part of the system to fund another part of the system. You understand even this makes no sense.
Read the superb treatise by Kevin Phillips — Bad Money. Read the classic The Great Crash 1929 by John Kenneth Galbraith. Nothing arises in a vacuum. History is important. Private, public and international debt loads are rising to unsustainable proportions. This is relevant.
Chuck Schumer speaking on HealthCare was interviewed on Meet the Press this morning. A new variation of the oft repeated shibboleth — “the system is wasteful, duplicative and inefficient.” How many times have we heard this before? The red badge of courage for all politicians — if only we could just root out waste, fraud and abuse…