Mark my words; there will be two immediate effects from the passage of the so-called 2074 page health care bill now before congress. It really should be called the ‘US Torpedo Bill’ as it will have immediate, explosive and lasting negative effects concerning a return to prosperity for America.
One, this bill will hasten the collapse of one our more states as a significant cost is shifted from the government to the states to fund this trillion dollar fiasco. California is now forecast to be the first to fall followed quickly by as many as four other states. This could happen as early as 2010. See “Healthcare reforms will cost U.S. states millions”. Under the current version, taxes will increase immediately even though benefits will not begin for another couple of year! Also, one of the provisions in the bill will pay out millions to California directly from Medicare! Something that the Fed said they wanted to cut to help pay for the Health bill. (Hey, if the logic here is obscure, please call your local congress person).
Two, Health cost will go up through the roof and the current government, which is already huge, will get even larger. Read this article form the American Thinker carefully. Even a grade school student can see that the solution being proposed for a problem that goes back decades if larger being answered by funny money and fuzzy economics.
Well, have healthcare issues that require careful and clear thinking to fix. Unfortunately, that’s a commodity that seems in short supply lacking on Capitol Hill. Hey, lunkheads, the 17 page Constitution runs this whole country! Think there may be something wrong here?
The Treasury is Printing Even More Free Obama Money
Be sure to get yours now. Before, that is, the currency becomes as valuable as confederate script is today. The answer our government has for paying for its increasing debt is to pay for it with money it prints in the basement! This practice is called ‘quantitative easing’. A cute term coined to explain the practice of ‘sloshing more printed currency’ into an economy in trouble to help buoy it up. That sounds a lot like those store displays in the old day that had a beach ball supported on a column of air. Pretty neat until someone turned of the power and the ball went bouncing down the isle.
The fact is, even if we stop all this nonsense right now, America will be going into debt at the rate of over a trillion a year… each year and every year thereafter… forever. Interest on this debt will cost a billion and more a week…forever. That’s a fact Jack. Check it out.
My response. Let’s turn off the Treasury presses. Kick these bozos out of office and face up to what we owe. Irresponsible government spending got us into the mess and, if allowed to continue, will only bury the country ever deeper into the quicksand of debt. At some point, WE THE PEOPLE will need to shout ENOUGH and thne take back our country. Then, once all the shouting stops, we’ll need to start the slow process of getting back to what we once were… A Nation of free hardworking people who will bend over backwards to help out a neighbor, be they next door or across the sea.
States in Danger of Losing It
In Arizona, the budget has grown so gloomy that lawmakers are considering mortgaging Capitol buildings. In Michigan, state officials dealing with the nation’s highest unemployment rate are slashing spending on schools and health care.
Drastic financial remedies are no longer limited to California, where a historic budget crisis earlier this year grew so bad that state agencies issued IOUs to pay bills.
A study released Wednesday warned that at least nine other big states are also barreling toward economic disaster, raising the likelihood of higher taxes, more government layoffs and deep cuts in services.
The report by the Pew Center on the States found that Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin are also at grave risk, although Wisconsin officials disputed the findings. Double-digit budget gaps, rising unemployment, high foreclosure rates and built-in budget constraints are the key reasons.
There is even a rumor that California may seek territorial status as an answer to its financial woes. What would that mean? Stay tuned folks. I promise that even if our country is going to hell in a hand basket, it will make for riveting TV viewing. Someone please pass the popcorn.