"A triumphant Speaker Nancy Pelosi, D-San Francisco, likened the legislation to the passage of Social Security in 1935 and Medicare 30 years later."
And I just have to shake my head and wonder what happened to the brains these people were born with.
Why in the world would anyone liken this bill to two failing and bankrupt programs?
Do they not care that both Social Security and Medicare are insolvent and are paying out more than they're taking in? Do they not care that people who are paying into the system now are probably never going to see any benefit from those taxes they've paid?
Do they not understand that these two programs are just ponzi schemes that would put them into prison if they were in the private sector? As the Wall Street Journal reports:
The House also contains a new government long-term insurance program that starts collecting premiums in 2011 but doesn't starting paying benefits until 2016 and then runs out of money in 2029. North Dakota Democrat (Senator) Kent Conrad called it "a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of" in an interview with the Washington Post in late October.(emphasis added)
Maybe they understand all this - and are doing it BECAUSE of these facts. After all, we've continued to let them. And the more people they put onto the programs, the more support they have for extending them.
Under these rules and outcomes, they expect the same thing with health care. They'll make Americans dependent upon the government for health decisions and can then make all the decisions for the American people. We let them do this with our retirement, so why not health?
And when we are dependent upon government - that is, the politicians - we'll vote for the ones who promise to give us more, even if there is no way to pay for it.
Eventually, there won't be anyone left to tax to pay for the 'free' services others are getting. Then what? Will the politicians just borrow the money from China? And what if China stops buying debt?
Ah, those pesky 'what if' questions that politicians avoid like the plague.
If this health care bill is just like Social Security and Medicare, you can be sure it is not sustainable, will result in higher taxes, have limited service and, eventually, will result in bankruptcy for the program.
Pelosi said so herself.
Side Note: The Wall Street Journal has a great take on this as well.