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December 21, 2009
Obama: Now That I've Bankrupted the Country I'm Totally Laying Off Impulse Purchases
Except he's not. There is still the $600 billion lie to pay for -- the lie that Medicare will be cut.
It will not be. The program is too popular and seniors too diligent about voting. The $600 billion in "cuts" will be halted and put off, indefinitely, the same as the $250 billion now being put off for ten more years in the doc-fix package (and as those cuts have been put off since 1997).
Obama's getting the country a little bit pregnant with bankruptcy and financial disaster. Sure, Part One of his package only costs a mere $2.5 trillion; Part Two, passed with bipartisan support this time (because who wants to tell grandma she can't go to the doctor anymore), will add on another $600 billion.
And there'll be more Parts forthcoming, too.
As Paul Krugman says -- it may take us years if not decades to "fix" this bill.
"Fix" means pour more money into it, in case you weren't sure.