Friday, June 10, 2011

The Real Medicare Trustees report

The Trustee's report is out and it's frightening - last year's deficit was $37 Billion and with 10,000 more people joining the program every day, we've come 5 years closer to absolute bankruptcy in just two years.  Yet this analysis explains that the report is in fact far too optimistic because the were required by Congress and the President to include Obamacare assumptions that  provider reimbursement would be cut in half going forward.  This money, you recall, was allocated (double spent, really) to provide a new entitlement to 37 million additional Americans.

It is all fraud.  Every bit of it.  And everyone knows it.  All our 'leaders' have done is written their runes on the magic hard drives, uttered the incantation "healthcare for all" and expect the laws of economics, indeed biology to give way.

Actually they don't.  The people who passed this are clever.  They know that their program is unsustainable - indeed, they by their actions acknowledge that it's uninitiable - witness the 2,000 Obamacare 'waivers' to favored businesses and unions.  They believe however, that by passing the entitlement they can win the allegiance of the 37 million voters who they 'gave' 'healthcare' to.  And by doing so, cement leftist dominance in our politics for another generation - just like they believe Social Security did in the 30s and Medicare did in the 60s.

But the jig is up.  We are bankrupt.  The dray horse that has been pulling this infernal charade is exhausted and stumbling.  No matter how hard our 'leaders' beat it, it just can't pull any more.  And we're on a steep hill.  When the beast inevitably falls I fear we (and the rest of the world) will careen down it to a fate that we can scarcely imagine.

Such are the wages of hubris.  Hope and change indeed.  I never dreamed that my beloved country would come to this.

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