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2018-04-15 13:10 by Karl Denninger
in Health Reform , 188 references Ignore this thread
Hahahahaha (Spamazon's Bezos' Paper Lies)
[Comments enabled]

This is utterly insane -- that a so-called "newspaper" can publish this sort of factual lie and not immediately be bent over the table and, well, you know -- is outrageous.

A group of distinguished economists from the Hoover Institution, a public-policy think tank at Stanford University, identifies a serious problem. The federal budget deficit is on track to exceed $1 trillion next year and get worse over time. Eventually, ever-rising debt and deficits will cause interest rates to rise, and the portion of tax revenue needed to service the growing debt will take an increasing toll on the ability of government to provide for its citizens and to respond to recessions and emergencies.

..... (goes on to talk about the claim that this is mostly about entitlement spending growth)

Entitlement programs support older Americans and those with low incomes or disabilities. Program costs are growing largely because of the aging of the population. This demographic problem is faced by almost all advanced economies and cannot be solved by a vague call to cut “entitlements” — terminology that dehumanizes the value of these programs to millions of Americans.

And there you go with the lie right there.

This is what happens when you allow very wealthy people who got that way by cheating anti-trust law for a couple of decades to enter the world of so-called 'news' and distort the truth on purpose.

Their first weapon is to lie.  The second is to label anyone who tries to oppose their position on anything by calling them names and attribute to them an intent to "de-humanize" people.

The truthwhich is trivially discernible from simply looking at the budget and as-spent in the Monthly Treasury Statements over time is that indeed it is specifically the explosion in spending in Medicare, Medicaid and SSDI (the portion of Social Security that is "disability") that is responsible for the entire problem.

SSDI is a particularly-insidious issue in that any sort of dispassionate analysis reveals two facts that nobody will take on honestly: (1) Disability recipients go up massively during recessions and (2) once on disability nearly nobody ever leaves the program.

The problem is that there is no plausible organic explanation why people "more often" become actually disabled during recessions.  Instead "disability" becomes a replacement for unemployment compensation either up front or when the checks run out; that is, those people aren't actually disabled as the program allegedly requires.

In other words, to be blunt, these "explosions" of alleged disability are fraud.

But the other two problem areas -- Medicare and Medicaid -- are real.  And here again is the claim:

Program costs are growing largely because of the aging of the population.

That is a lie and it is a knowing one.

Medicare is for old people (aging of the population.)  Medicaid is for poor people who are neither on disability (if you are you get Medicare irrespective of age) or 65 (old.)

Yet the Medicaid spend has been increasing at nearly the same rate as Medicare.

If the ramp in these costs was largely due to the aging of the population the entire problem would be focused on Medicare.  It's not, that's trivially discernible by looking at the MTS over the last few decades' time and all of these so-called "distinguished" people know that.

They're lying.

They're lying to protect medical monopolists who are breaking 100+ year old anti-trust law on a daily basis and, in addition, who have lobbied for explicit protections from some of those laws -- such as making it a crime for you to cross a border and fill a suitcase with prescription drugs you can buy from the same factory but at 1/10th or even 1/100th of the price here in the US and then return to sell said drugs -- which would instantly collapse the price here.

What's worse is that the Washington Post, owned by Jeff Bezos, is basically shilling for the company that Jeff Bezos runs (Amazon) that wishes to insert itself into the medical monopolist game and siphon off a few trillion more for itself.  In other words the owner of the so-called "newspaper" is chuckling while his publishing property runs interference for and lies about the bankruptcy of America and our federal budget so he can personally steal a few hundred more billion dollars while the rest of us watch the nation literally burn its fiscal house to the ground.

There are fixes for this problem that I've published on repeatedly.  I wrote on them in Leverage.  I've been raising Hell about this since the 1990s.  And there are specific proposals to be found right here, in these pages.  You can start here and here, for two examples.

Nobody on either side of the aisle wants to take this on because they're all being bribed by both the so-called "jobs" created through this theft and scam along with direct lobbying.

When will the people of this nation hold to account those who have been and are screwing you blind on a daily basis?

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