Posted on 10/02/2009 11:45:24 AM PDT by Mobile Vulgus
Britain's vaunted nationalized healthcare system is bankrupting the nation and the International Monetary Fund (IMF) is warning that if the UK doesn't start charging for healthcare and raise the retirement age above 65 the country will not be able to get out from under the widening fiscal disaster.
The IMF is telling the British government that she must instigate a wholesale revamping of its pensioner and healthcare system to "help keep a lid on the debt."
Treasury officials admitted recently that the deficit is expected to rise "£200billion this year - £25billion more than the Chancellor predicted in the Budget."
That is the equivalent of £3,257 of debt for every man, woman and child, or £9,457 for the average family.It should be pointed out that Britain's deficit is no where near the Obama deficit in the U.S. and his $1 debt doesn't even count any nationalized healthcare plan like the one Congress is desperately trying to pass.
(Cross posted at HealthcareHorseRace.com.)
Read the rest at Publiusforum.com...
IMF should save the memo. In a few years they can do a Find/Replace to take out any Britian / UK references and replace with US references.
The rest of the text won’t need to change.
Great story and timing
It is not about health care. It is about a Marxist takeover of our lives and the taking of our rights and freedoms. Power and control.
The very articulate British MP who was interviewed by Hannity & Levin....Daniel Hannon (apologies if I have the name wrong) stated...to my great disbelief...that the third largest workforce in the world is the bureaucracy of the British medical system. I found that concept quite unbelievable, but Mr. Hannon impressed me as no fabricator of facts. Does anyone else have some backup for this claim? I *DO* understand that workforce as something like 150K+ workers.
You're right! Taking of our rights, freedoms and don't forget, our money! It's Slavery 2009 obama and liberal democrat style.
I read something like that in the daily mall (or whatever it’s called) a couple of weeks back but I don’t have the link. Sorry
Hannon was right, it is the 3rd largest employer in the World.
The budget is @ $ 165 billion and there only 60 million of us!!!!
“Hannon was right, it is the 3rd largest employer in the World.”
Not that I don’t believe you, but I fear we are using the same verbal claim (Hannon’s) as our common data point. Do you have another reference point? TIA!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.