March 23, 2010

One Step Closer...

With the passage of Obama's health care plan, which is really just a new tax on the middle class now, with no real meaningful benefits until 2014 and only if your poor or nearly so, we have moved one step closer to losing the USA as we have known it.

Health insurance companies and the pharmaceuticals can and will keep on raising rates, which will be passed onto doctors and employers, which will be passed onto most of the general public, all in anticipation of the 2014 rules for mandatory insurance. It also gives the individual State governments just two years of subsidies, then cuts them off, so they will have to pass on the costs to the public. It also reduces Medicare benefits while raising Medicaid benefits.

So what we have is the Socialization of what will be by 2014 about one-fifth (20%) of the American economy's GDP. This is more than just class warfare with a racial edge to it, it's something worse, something bigger and more profound. I struggle to find the right words to describe it.

At this point my Fall of 2008 prediction of a better than 50% chance of an economic and political collapse of the United States in 20 years is now being revised to a 60% chance.