A Warning

Lawrence Kudlow, writing in Investor's Business Daily, on ObamaCare and the path to fiscal Armageddon:

'Public' Health Plan Will Bankrupt A Nation Already Drowning In Debt

Does anybody really believe that adding 50 million people to the public health care rolls will not cost the government more money? About $1.5 trillion to $2 trillion more? At least.

So let's be serious when evaluating President Obama's goal of universal health care, and the idea that it's a cost-cutter. Can't happen.Won't happen. Costs are going to explode.

Think of it: Can anyone name a federal program that ever cut costs for anything? Let's not forget that the existing Medicare system is roughly $80 trillion in the hole.

And even if you put aside the demerits of a government-run health system, Obama's health-care "funding" plans are completely falling apart. Not only will his health program cost at least twice as much as his $650 billion estimate, but his original plan to fund the program by auctioning off carbon-emissions warrants (through the misbegotten cap-and-trade system) has fallen through. [link]

At some point, you're going to have to start thinking beyond, "Hey, I like the idea that someone is going to pay for my health care, dude." News flash: There ain't no "someone" out there. Dude. And there isn't enough money on the planet to make government-run health care work efficiently and well.

You think it's bad now ...