May 10, 2010
The ink has just dried and
the cost of the package is already 115 billion more. I
wander how much more it will rise a year from now, 500
billion more. Already the potential savings are starting to
look like a myth. Providing health insurance for everyone
while most donít have jobs is simply brilliant; well only a
lobotomized individual would think so and congress seems to
be full of such individuals.
The signs for
hyperinflation are all over the place; the name of the game
now is inflate baby inflate, for this is the only way we can
pay for all this crap.
Obamaís new health care law could potentially add at least
$115 billion more to government health care spending over
the next 10 years, congressional budget referees said
Tuesday. If Congress approves all the additional spending
called for in the legislation, it would push the ten-year
cost of the overhaul above $1 trillion ó an unofficial limit
the Obama administration set early on.
Budget Office said the added spending includes $10 billion
to $20 billion in administrative costs to federal agencies
carrying out the law, as well as $34 billion for community
health centers and $39 billion for Indian health care. The
costs were not reflected in earlier estimates by the budget
office, although Republican lawmakers strenuously argued
that they should have been. Part of the reason is technical:
the additional spending is not mandatory, leaving Congress
with discretion to provide the funds in follow-on
legislation ó or not.
"Congress does not
always act on authorizations that are put into legislation
by drafters," explained Kenneth Baer, a spokesman for the
White House budget agency. "Authorizations for discretionary
spending are not expenditures."
Letís not forget that they
are not giving anyone a choice. If you have no health
insurance they are going to fine you. The land of the free
has just changed; it should be called the land that was
free. For now individuals have one foot out of the door,
while the other is shackled to a prison cell. Make sure you
have a position in precious metals as this is the best way
to hedge against the dangerous effect of inflation. If we
move into a hyperinflationary cycle, precious metals could
prove to a God sent.
VIP Futures 1 year win ratio 84.6%
VIP Futures Win ratio for 2010, 100%
VIP futures 5 year win ratio 75%