You Can Hide Your Lyin' Steve Eyes
The Market Ticker ® - Commentary on The Capital Markets

Oh really Steve?

 by genesis

Repeal and replace eh?  Replace with..... what?

Fact: Federal health spending 1980 was $53 billion.

Fact: Federal health spending 2011 was approximately $820 billion.

Fact: That's an expansion of 15.47 times in 31 years, or approximately 9.2% compounded annually.

Fact: The Rule of 72 tells us we can determine the doubling time by dividing the growth rate into 72.  This results in a doubling time of 7.8 years.

Fact: At that rate of growth $820 billion turns into $1,640 billion in 7.8 years and in less than 16 years it turns into $3,280 billion, or $3.3 trillion -- not far from the size of the entire current federal budget.

Fact: You stated in your town hall in Destin last year that nobody 50 or older would see their Medicare diminished.

Fact: There are 35 years between 50 and the expected age of death for most people in America nowdays, which is approximately 85.

Fact: 35 is two more doublings than set forth above, by which time Federal Health Spending will, at present rates of growth, reach $13.2 trillion -- more than three times the entire federal budget of today and approximately the size of the entire present US economy!

That's not going to happen.

Therefore:

FACT: YOU LIED YOU SLITHERING SNAKE, YOU GOT CALLED ON IT, AND YOU HAD NO ANSWER NOR DID JEFF MILLER, OTHER THAN TO TRY TO EVADE THE FACTS YOU KNOW DAMN GOOD AND WELL TO BE TRUE.

Now as soon as you stop with the lying and actually want to discuss the truth, along with the fact that myriad promises have been made to seniors that we cannot, and will not keep, then and only then can we have a discussion about how to resolve the problems this nation faces.

But you won't have that discussion will you Steve?  You won't talk about the fact that "repeal" does exactly nothing to address the problem and you have no plan to "replace" it that will prevent the above outcome. 

You have steadfastly refused to address the truth -- you, and the rest of CONgress have lied to Americans on a serial basis for the last thirty years.  You and the rest of CONgress have pushed forward "infinite growth" and yet there has been no growth that exceeds the accumulation of debt -- not now, not ever since 1980. 

This is, has been and remains a gigantic 30 year-long Ponzi scheme that is now running out of suckers and as such mathematically must, and will, collapse.

You have made public promises you must know are factually false and you, like the rest of the slithering snakes in that cesspool known as The Capitol, are still unwilling to speak to the truth when it comes to medical care in this nation -- including but most-certainly not limited to Medicare and Medicaid.

Wake up America.  This sort of crap will literally lead to the destruction of our Federal Budget, our Federal Government and our economy.

I know, as someone pushing 50, I will never see one damn dime of Medicare.  Ever.  You and your cohorts will keep lying right up until the Federal budget collapses, at which point I and everyone else who have paid taxes in for all these years will get nothing.

I'm prepared for that and accept it.

Your constituents deserve the truth Steve -- even if all you can tell them is that you lack of the intestinal fortitude between yourself and the rest of your much-vaunted yet worthless caucus to do the right thing.

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