This political cartoon nails it! California has the second highest unemployment, by far the largest unfunded public employee pension liability, close to the highest taxes, almost the worst public school performance, yet reelected every Democrat incumbent while electing Democrats to every state-wide office. Still, California wonders what’s wrong with the rest of the country that went Republican?
The rest of the country wised up. Forty-six percent favor repeal of Obamacare, and the 40% that don’t believe in the Easter Bunny, Tooth Fairy, and Democrat leaders who gamed Congressional Budget Office conventions to “prove” that Obamacare saves money. The Wall Street Journal found: “(Obamacare)uses 10 years of taxes to fund six years of subsidies. Social Security and Medicare revenues are double-counted to the tune of $398 billion. A new program funding long-term care frontloads taxes but backloads spending, gradually going broke by design. The law pretends that Congress will spend less on Medicare than it really will, in particular through an automatic 25% cut to physician payments that Democrats have already voted not to allow for this year.”
Repeal of Obamacare actually saves $540 billion in expenditures while stopping the government from collecting $770 billion in new taxes over ten years. Even fools (but not Democrat leaders) know you can’t insure 32 million more people and save money. Or count cutting Medicare as savings when you know the cuts will never happen. Or have huge increases to Medicaid (MediCal) when the states can’t afford to cover their increased share.
The total federal, state, and municipal unfunded liabilities are staggering: public employee pensions, $5 trillion; Medicare/Medicaid, $74 trillion; Social Security, $16 trillion.
When you’re in a hole, stop digging!