Wednesday, December 23, 2009
As Congress moves quickly to cope with the real inconvenient truth: way too many old people claiming over-promised Medicare benefits, one can only marvel at the raw evil that infests Washington DC.
This blog isn't about the immoral behavior of the maniacally rich men who run Washington for profit, or the financially destitute congressmen who feel they must comply to slave for money, but rather, understanding what is happening so one can survive the money-making impositions made against them.
An interesting question:
Will congressional action to reduce the cost and number of elderly solve the nation's financial problems? On the surface, the answer is clearly yes. Denying reasonable quality Medicare to old people to attrit the bothersome demographic, definitely improves the dire nature of our nation's overextended financial obligations. Some $65T has been promised in Medicare alone, some of that now being pulled by Congress. So on the surface, one would expect the market to react positively to congress's abrupt default on their Medicare promise.
But things are rarely superficial. The bigger question asks what is the sum of the bill's entire impact. If Congress merely cut Medicare payments by shifting the burden to the States, the financial impact (in DC anyway) might be positive. That isn't what this bill does. The bill cuts Medicare, but it does so by socializing the system as the method of policy implementation. So one flip-side to Congress's financially lucrative idea is the loss of our current semi-private health care industry--a serious hit to the economic well being of those permitted by the government to live.
Another clear downside is that financial savings from elderly-reduction are blown twice-over on new pork to keep congressman employed. The net loss of trillions in could-have-been savings is a second serious hit.
A third hit is massive tax increases, imposed for several years before the bill takes effect. And the pork, of course, is instantaneous.
So, immoral as it may seem, the idea of slashing our elderly population makes top-notch financial sense. It makes room for indebted, able bodied workers to toil on behalf of the money power. Unfortunately, as with so many government schemes, it got screwed up by the process.
The economic impact of the government health control required to enforce a politically impossible decision, coupled with the lure of trillions illuminating the eyes of hardened DC criminals, leaves us with the worst of all worlds: dead seniors, lower economic output, and more debt.
Conclusion--our economy will increasingly suffer, even after Moneyed Vultures intentionally suffocate old people to boost their bottom line.
Posted by fdralloveragain at 10:27 AM