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Friday, February 26, 2010

Wake Up and Do the Math

Wake Up Call

Ok, let’s cut to the chase. Whatever the U.S. Government says something is going to cost-- I don‘t care if it‘s aircraft, aircraft carriers, trips to the moon or any new entitlement--you can just about triple it….going in.

However, if you’d have told Franklin Roosevelt 80 years ago that in 2010, Social Security would have an unfunded liability of over 6 trillion dollars, he would have said, “not to worry, we are going to war with Japan, blow them to smithereens, then make them loan us money to pay for our Grand Plan.

I suppose if you would have told Lyndon Johnson that, in less than 40 years, the Medicare Bill he signed in 1965, would have unfunded liabilities in excess of $34 trillion, he would probably have told you he would not run for re-election, then he’d blow the crap out of Vietnam, so that a Republican could be blamed for it and everything else Democrats have done to drive America into the dirt.

So I don’t think it would be much of a stretch to tell Barack Obama that his “revenue neutral” Obamacare would cost America closer to 30 trillion in the next 20 years. Or in other words, what do you think will happen when a hundred million people find out that 30 or 40 million are going to get handed free medical care, just for asking. Yeah, I didn’t think you thought about this.

Well, there’s just one little problem… There isn’t enough money to pull this off, if you bankrupt every wealthy person in this country. And you can forget about the middle class, because without an upper class, you don’t have a middle class.

You see, when you hold up these schemes to the ‘mirror of history’, the reflections don’t look so rosy.

Of course, Hugo Chavez has pulled off the perfect solution. But I doubt Americans will go that way without a fight.

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