August 7, 2009

John Stossel on Health Care

Impossible Health Care Promises, by John Stossel

When retirees begin to feel the effects, AARP will scream bloody murder. The elderly vote in large numbers, and their powerful lobbyists will be listened to.

The government will then give up that strategy and turn to what the Reagan administration called "revenue enhancement": higher taxes on the "rich." When that fails, because there aren't enough rich to soak, the politicians will soak the middle class. When that fails, they will turn to more borrowing. The Fed will print more money...

But AARP, perhaps, will not have so many members by then, and they won't, perhaps, be as powerful as they are now.

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