RANT: The USA is broke!

http://www.lewrockwell.com/paul/paul566.html

Healthcare Plan Based on Economic Fantasy
by Ron Paul

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As the healthcare debate rages on, there is one reality that even the proponents of this hostile takeover of healthcare by government cannot ignore – and that is money. The government simply does not have the money for a new, expansive, public healthcare plan. The country is in a deep recession that will deepen even further with the coming collapse of the commercial real estate market. The last thing we need is for government to increase and expand taxes to pay for another damaging, wasteful program. Foreigners are becoming less enthusiastic about buying our debt, and creating another open-ended welfare program when we cannot pay for what is already in place, will not help. Champions of socialized medicine want to tax the rich, tax businesses that already cannot afford to provide health plans to employees, and tax people who don’t want to participate in the government’s scheme by buying an approved healthcare plan. Presumably, all these taxes are to induce compliance. This is not freedom, nor will it improve healthcare.

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“Where’s the beef?” Clara of Wendy’s fame asked that question every few minutes on the commercials of yesteryear.

One would hope youngsters of all ages would begin to ask the same question!

And, it’s the money, honey. Where is it going to come from?

Economics is called the “dismal science” because it recognizes that resources are limited.

A six pack of … doughnuts … can only go so far.

Can’t print more! The FED can fool us by printing more “money”, but it doesn’t increase the supply of doughnuts. Some one has to bake them.

Somewhere in the world someone has to forego a doughnut for it to magically appear here.

Cut to the bottom line, No one will buy the American IOU. Would you?

Sorry but there is no “beef”. The congress critters “ate” it all.

Get Rid of Incumbent Politicians. Both the D’s and the R’s. No difference.

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2 thoughts on “RANT: The USA is broke!

  1. Maybe because the rich get more “services” than the poor?

    (As in how a cow gets serviced by a bull!)

    Seriously, gooferment is the only entity that can demand you “buy” its service at the point of a gun. Hard to distinguish from a criminal.

    lol!

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  2. According to an analysis by the New York Times and Simon Cay Johnson, the last IRS report on the top 400 taxpayers, who earned $250 million in 2005, paid a tax rate roughly half that of a family making $75,000 a year — which was 37 percent — 25 percent for the income tax rate and 12 percent for payroll tax.

    The rich paid 17.5% in taxes, both income and payroll.

    These are some of the people President Obama says should pay more taxes. Why shouldn’t they pay at the same rate as middle-class taxpayers?

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