The Great American Giveaway

Market Oracle ^ | 4-25-2014 | Andy Sutton

[blam]

The Great American Giveaway

Politics / US Debt
Apr 25, 2014 - 04:15 AM GMT
By: Andy Sutton

What do the national debt and a designer Hepatitis C drug have in common? This question actually spans two areas near and dear to my heart: economics and medicine. What I’m going to be covering this week is something that I feel is going to be part of a growing trend in America over the coming decades. You see, too many – myself included for quite a while – were asking the wrong questions. Many still are. We shouldn’t be asking what we can do, conventionally speaking, to pay off the national debt because it cannot be done. Consider the unfunded liability portion and that should be obvious to everyone. So what? We just default? That has been suggested. With devaluation we’ve already been doing it, albeit with sleight of hand. Don’t count on the fact that the debtors are ignorant though because they aren’t. This article is going to prove that.

Sovaldi (Sofosbuvir) – the $1000/day Hepatitis Drug

I’m not here to tout this drug or make a commercial and I will disclose that as of this writing neither myself nor any of my firm’s clients hold any financial interest in Gilead Sciences, the maker of this drug. This article is an illustration, not an infomercial. While I have my own opinions based on scientific training and experience on the viability of this drug and the results that can be expected, they will remain private.

Indisputably, the results so far have been pretty good, and with the explosion of Sovaldi on the scene, it seemed that the sky was indeed the limit, and the price tag reflects that. The drug received FDA favored status

(snip)

[blam]

I wonder what would happen if a person who took this drug 'wrote off' 90% of the cost as a charitable donation on their federal taxes?
(I would be outraged over this if I had hep-C.)

[Toddsterpatriot]

You'd probably be sitting in jail, dying of Hep-C.

[Louis Foxwell]

n summary, it is payback time. It might be the sale of a national park near you, a new toll highway, the loss of cattle grazing lands, ‘economic zones’ for the benefit of others, or the sale of a national landmark. Don’t be surprised when you see these things happen. We’ve made our bed and now it is time to lie in it.

By Andy Sutton

http://www.my2centsonline.com

[Toddsterpatriot]

It might be the sale of a national park near you, a new toll highway, the loss of cattle grazing lands, ‘economic zones’ for the benefit of others, or the sale of a national landmark.

Sounds good. The Feds own way too much land.

Sell it off, pay down the debt already.