"It profits me but little that a vigilant authority always protects the tranquillity of my pleasures and constantly averts all dangers from my path, without my care or concern, if this same authority is the absolute master of my liberty and my life."

--Alexis de Tocqueville, Democracy in America

Wednesday, July 11, 2012

Let's Assume for a Minute That Obamacare Is a Great Thing We Should All Want

OK, let's assume that Obamacare is a great thing, a boon to man, something that no thinking person would want if they could afford it.   The problem is...

We.   Can't.   Afford.    It.   

Here's a telling chart.    People forget that one of the sleights-of-hand used to sell Obamacare was that it would only cost $900 billion (only!) over ten years.... I get it, less than a trillion!.   What a bargain.   But to get there, Obamaa had to start counting from FY 2009, when the bill wouldn't go into effect until 2014.   The actual ten year estimated cost is now supposed to be $2.6 trillion.

And, of course, the $2.6 trillion assumes that the government's estimates for what this particular social spending/welfare benefit/new entitlement program will cost are completely, totally, 100% accurate, and not wildly skewed to come up with the lowest possible figure for political consumption by a gullible public.   If Obamacare behave like every other entitlement program, it will end up costing much, much more than promised.   But, even assuming they're right, it still ends up adding roughly $250 billion a year to the federal budget, when we are already over-spending by more than a trillion every year.   Does it really make sense to borrow another quarter of a trillion dollars a year from China to fund a new entitlement?   Would any rational country -- i.e., one that isn't embarked upon a campaign of national suicide to rival anything Gibbon ever could have imagined for Rome -- do such a stupid thing?

I don't think Obamacare is a boon to man.   I think it will ruin the healthcare system in America, lower the quality of care, increase waiting lines, end in rationing and, inevitably, a regime of quasi-state-mandated euthanasia.  It's that bad.   But even if it were good...

We.   Can't.   Afford.    It.

It's that simple.

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