Saturday, March 26, 2011

Medicare will destroy America's Social Democracy

Social Democracy counts on being able to take money from the politically weak (aka the young) and give it to the powerful (the old).  This has been a great setup for the older generation at least since 1965 - long, healthy subsidized retirements funded by the current and future earnings of their....children.  The problem with all of this is that the truly epic levels of subsidy built into Medicare and Medicaid and their pernicious "insurance" structure mean that there is no price discipline in health care.  The upshot:  vicious inflation year after year after year.  The result is that the Federal healthcare programs are literally eating the nation up.


But there is a silver lining:  the absolute insanity of the program's design will not be acknowledged by the statists until it is far too late.  Witness the witless design of Obama "care".  And the left cannot afford to pull the rug out from under the most important tax eaters in their coalition:  the entitled elderly.  The result:  in an ever increasingly desperate effort to stave off financial Armageddon, the Congress will cut every other discretionary program from Head Start to the DOEs.  Much of what constitutes programmatic liberalism and most of its foot soldiers will be defunded.  Thus within the design of social democracy lie the seeds of its destruction.  Kinda poetic, really.

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