Wednesday, April 28, 2010

Legal Crookery

Ponzi schemes and pyramid schemes are illegal in this country UNLESS they are perpetrated by the government. Social Security and Medicare depend on tax dollars for fuel. Increased unemployment and/or lowered birthrates decreases the money paid in to the social pool, whereas, increased longevity increases the number of people withdrawing from the social pool. Eventually, more is withdrawn from the pool than is paid in and either the scheme collapses or the pool must be rebalanced through increased taxes or lowered benefits. Unfortunately, no politician wants to look a voter in the eye and say, “We need more of your money.” Equally distasteful is telling older voters that after a lifetime of paying in to the pool their benefits are going to be cut. As a result, the typical politician ignores the situation and hopes that the problem will wait until after they have left office.

But the current bunch of Dems in Congress and the Administration decided against the “wish and a prayer” style of politics. Instead, with Social Security and Medicare imploding they decided to act and they did so by creating an additional entitlement program in the form of ObamaCare. As Ronald Reagan once said, “There you go again.”

So now we have a program that, according to the Administration, will provide health “care” to an additional 30, 40, 50 million people with no increase in costs and no decrease in coverage and anyone who can’t afford the coverage will be taken care of by the government. Problem is, most Americans are well aware that “the government” doesn’t have a pot to piss in or a window to throw it out of. The only money that “the government” has is that which it has confiscated from its working citizens in the form of taxes.

We know that we will be expected to contribute ever increasing amounts to the entitlement pool. We know that even at confiscatory levels our money won’t be enough. We know that rationing of what will eventually pass for “care” will ensue. We know from observing Great Britain and Canada where we are heading.

Explain to me why Bernie Madoff is in jail while Congress roams free.

h/t Instapundit

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