Obamacare, The Economy And The Empress’s Lover

Potemkin VillageRussia’s Catherine the Great  once set out down the Dnieper river  to inspect all the development accomplished by her favorite and sometime lover Grigory Potemkin when he governed the Crimea. Per the story, Potemkin, having been lying about it to the Empress, built fake movie-set false fronts along the river, which Her Majesty accepted at face value since she never left the boat. Fake construction since is called, a Potemkin village … unless it is called Obamacare.

Social security taxes collected are insufficient to pay for current pensions and benefits. Medicare taxes collected do not fund Medicare, nor is Medicaid funded fully by taxes assigned to it. Those, plus foreign military adventures, underlie the American government deficit. So when the Obamafolk decided to supply health insurance to some 20 to 40 million people who had heretofore lacked coverage, the first question was: How will it be funded? Obamacare includes some hefty tax increases as a result. But the joker is: Those tax increases and new taxes will not pay for Obamacare or even come close to that. You may read more about that here. 

Throwing the money-hungry Obamacare needy onto the pile of social welfare deficits is the equivalent of throwing an anchor to a drowning man. The single problem of the unemployed and those with failing businesses is: a lack of money. So our governors have addressed this by attaching an enormous leech, sucking additional money from the private economy, the only source of wealth creation that we have. Since the economy was in deficit before Obamacare was fastened upon it, this program is beyond irresponsible. The conspiracy theorists are now claiming that the President is deliberately destroying the economy for an excuse to assume dictatorial powers in the resulting disorder.

We don’t predict that but we do predict some disorder if the financial reins aren’t taken by some mature and responsible type pretty soon. Even a government printing its own money can only do so for a while; then the currency degenerates.

Obamacare is a fallacy on its face; it cannot be funded by the present economy. It is added to obligations that already are not being funded out of our economy but are running on debt that taxpayers must repay, with added interest. The present economy cannot pay any of that. with present policies. And the folk who have done that are still in charge and still doing more of it. Which is to say, the American economy today is a Potemkin village with the taxpayers in the part of the Empress Catherine.  She is said to have died when a horse ah, fell on her. The Amerian economy may well fall when its debt does likewise …

 

 

 

Advertisements

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much)
This entry was posted in Debt, Economics, Fiscal/Financial Responsibility, Politics and tagged , , , . Bookmark the permalink.

2 Responses to Obamacare, The Economy And The Empress’s Lover

  1. “The conspiracy theorists are now claiming that the President is deliberately destroying the economy for an excuse to assume dictatorial powers in the resulting disorder.”

    Hey, who are you calling a conspiratress? 🙂 I’m just kidding. I used to love a good conspiracy theory, but now days they’re no fun because they’re all coming true.

    One thing working class people, the newly poor who are getting state subsidies may not know is that states practice Medicaid recapture and pay themselves back out of your future assets, like the equity in your home. If you’re really poor and have nothing, the state has nothing to take, but since the Medicaid standards are now higher, a whole lot of homeowners may not be aware that their “free” healthcare can become a lien on their home. My state met a lot of opposition over this so the legislature has written a temporary rule change that expires shortly and probably wouldn’t hold up in court anyway. They did it to try and put a lid on the outrage that was building up. Very few people know about it or are willing to talk about it, but it’s a fact.

    • Jack Curtis says:

      Well, as with all theorists, the conspiracy types aren’t necessarily wrong all the time.And anent recovery practices, you’ve identified a good one that needs more exposure than it has had, certainly. I note that the Social Security Administration recently fell into hot water with Congress for a recovery action against a child of a deceased beneficiary, for benefits it claimed had been overpaid … when the child involved was some 5 years old. Our governors are so compassionate, right?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s