Good intentions are nice. Who doesn't want senior citizens to get a little cash to help them in their golden years.
Problem is the cash runs out for Social Security in 2037.
Who doesn't want senior citizens to get some help with health care in their retirement years. Again, the problem is the cash runs out for Medicare in 2017.
Now, the new health care bill is supposed to help people get insurance coverage who don't get it now. Good intentions indeed.
Government interventions often makes things worse and usually winds up costing a lot more than advertised ... check out the numbers here.
In addition to help for the purchase of insurance, the bill was sold as a money saver to the tune of $138 billion. But take away many of the budgetary gimmicks a former CBO director estimates the plan will run $562 billion in deficit.
Unlike you and me who have to pay our debts with our own money, the government can tax and borrow to make it up.
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