Before any of the healthcare nuts (from either side) flame the comment section, I want you to take a look at this chart from the Washington Post.
Ladies and gentlemen, this is the future burden of America. Your kids, and grand kids and great grand kids are going to have to pay this massive debt back.
Despite this massive debt, it now looks like our awesomely, awesome politicians are now thinking of making Universal healthcare a reality--even if they have to enact the nuclear option to get it.
(The New Republic) It's been in the works for a while and now, according to senior Captiol Hill staffers, it's a done deal: The final budget resolution will include a "reconciliation instruction" for health care. That means the Democrats can pass health care reform with just fifty votes, instead of the sixty it takes to break a filibuster.The New Republic goes on how supposedly this will be funded via pay as you go, which is a great theory and all except for one thing--we are in a fraking recession folks! When everyone is currently scrounging around for cash, the last thing they need is another tax when they are already struggling to pay their utilities.
The deal was hatched late afternoon and last night, in a five-hour negotiating session at the office of Senate Majoriy Leader Harry Reid. A trio of White House officials were there: Rahm Emanuel, Peter Orszag, and Phil Schiliro. Also present, along with Reid, were House Budget Chairman John Spratt and Senate Budget Chairman Kent Conrad.
The reonciliation instruction specifies a date. That date, according to one congressional staffer, is October 15. (The original House reconciliation instruction had a late September deadline.)
Since the pay as you go model is (probably) doomed to fail, President Obama is probably going to have to pass another "stimulus" bill in order to fund this boondoggle, which means your upcoming inheritance may have a future resembling Zimbabwe when the Chinese cash in on all those bonds we owe them.
Whether you are for healthcare or not is irrelevant by one simple fact: universal healthcare is very expensive! If this bill passes (which I fear it will) then America's future will probably look something like this:
Game over America.
(Hat Tip: AllahPundit on Hot Air, Image Credit: Unable to read artist name in photo, but its there)