http://moneymorning.com/ob-article/obamacare-buffett.php "We have a health system that, in terms of costs, is really out of control," he added. "And if you take this line and you project what has been happening into the future, we will get less and less competitive. So we need something else."
He also added:
"Attack the costs first, and then worry about expanding coverage," he said. "I would much rather see another plan that really attacks costs. And I think that's what the American public wants to see. I mean, the American public is not behind this bill."
Sorry, Warren. I think the interpretation of what you said is accurate. You should have thought of that before you said it.
Now, Obama is going to approve the Keystone pipeline and you won't keep the monopoly Obama promised for rail transit of oil from the Dakotas and Canada.
I fundamentally disagree, not with the facts but with the Buffet interpretation. If we are going to have increased productivity, leading to increased individual income, where could it be spent better than on better medical care? Given a choice of more trinkets from China, more food from Arthur Daniels Midland, or better medical treatment to improve quality of life, I find that a no-brainer. I'd like to see 80% or 90% of increases in individual incomes go to improving our individual medical care.
As with so many crises, the facts are being twisted. We are spending sensibly, based on enlightened self-interest, as one would expect with individual decisions, but the liberals are pretending that our rational choices are a crisis as an excuse to grab a large chunk of the GNP that they can control and dole out to their connected donors. We certainly do need reform to remove the perverse incentives created by the previous government interventions in these same decisions, but we don't need socialized medical care, even if we could remove the death panels. We especially don't need the crony-capitalist train wreck called ObamaCare.