Healthy Economy Now

The administration was successful in co-opting the AMA last week. Now they've joined with the SEIU, AARP, and others to push univeral healthcare.

Go to the site to see their ad running now across the country. They are developing a theme that universal healthcare is middle of "the road" - that it's between "government takeover" vs "do nothing." Of course, it's actually ALL about a government takeover.

That’s easy. Reality will stop this nonsense.

Many years ago, when Disney Corporation was still in the shadow of Walt Disney, they produced a comic book that was actually a highly intelligent primer on economics. Featuring Scrooge McDuck teaching Donald Duck’s nephews real world lessons of economics in practice.

The story began with Scrooge showing off his fortune in a great, open air bin. But then a gigantic tornado hit, and while the nephews were concerned with his money, he made them seek shelter from the storm as all their lives were far more important than wealth.

The tornado wafts away his fortune and distributes it throughout the land, making everyone a millionaire overnight, but leaving McDuck penniless. McDuck is unconcerned, because he understands how money works.

Soon, with all their new found wealth, everyone quits their jobs, and decide to go on a spending spree. But all the stores are closed, with the exception of McDuck, who with one small store, sells doughnuts.

Doughnuts that cost $1 million each. In short order, everyone else has spent their new found wealth on his doughnuts, his wealth is restored, and everything is back to normal.

Oddly enough, this forgotten comic book relates directly to Obama and his ambitions. Except he has no grasp of the lessons involved, or the consequences of his actions.

In comic book fashion, he is spending trillions of dollars he doesn’t have, and can’t get. Likewise, he is promising ten times that much in new spending. But this can only mean one of two things.

Either the promises, all of them, are reneged, or he gives a million dollars to everyone, and a million dollars are worthless.

It is not just Obama, however, since this began with “Ol’ Frank” Roosevelt, and has continued unabated since. Obama just gets to be the captain of the Titanic for the last 15 minutes of its voyage.

During the Great Depression, medical doctors sometimes would provide health care for barter, given produce or a chicken in exchange for repair. And while things are unlikely to get that bad again, many of the nonsensical edifices of our economy are doomed in their current form.

The great Enormous State Universities, our vast prison system, immense government attempting to micromanage every facet of our society, gigantic and unsustainable largesse programs like Social Security, Medicare and Medicaid, military commitments on every corner of the planet, etc., all must end.

And nobody really has to do much of anything. Reality will assert itself, and no amount of idealistic fancy and fantasy can overcome that.

I didn’t say we were in a cycle. However there are some similarities to the past that we may see again. For example, massive bond default happened at the State level in the Panic of 1837, and the Panic of 1893 almost caused the US government to go bankrupt in 1895.

However, they are dwarfed by the scope of our current mess. But that being said, there are some obvious conclusions. To start with, since we no longer have vast amounts of money from credit, we can no longer spend vast amounts of money, and promise to spend vastly greater amounts yet.

So three of the four top budget items must end, that is, Social Security, Medicare and Medicaid, and the fourth, Defense, must be slashed. Add to that the US defaulting on its national debt. Nothing cyclic about that at all.

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