Several readers of this blog have asked me about my take on the on-going debate over health care. My take on Congress' performance is very simple. Where are the Martians when you need them?
Regardless of the despicable methods being used to secure passage of this monstrosity, and even on conservative CBO estimates, the bottom line is that this federal takeover of health care amounts to the creation of a new federal entitlement program which adds at least one trillion dollars to the already hemorrhaging federal deficit. That means we are running at least a 10-12 trillion dollar deficit over the next ten years.
How long could you pay your monthly expenses with new credit cards--because all your current credit cards are maxed out and you can't even make the minimum payments? Not long. Yet, this is what our Congress is doing on a grand scale. We either borrow the money from countries like China or Japan, or print it and begin the inflationary cycle--the cruelest tax of all. Add to this the fact that 40 states are running deficits and states like California are close to bankruptcy.
But then what would you expect from a generation like mine which once sang "Hope I Die Before I Get Old," and which now demands cradle to grave government services, and is all too willing to let future generations pay the tab and suffer the consequences.