Russia’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 …