I thought it was interesting the angle taken by two Opinion pieces in the Wall Street Journal on Matvh 17th and 15th. Both pieces highlighted what for me is not well known or reported in the wider press. The point being that the regulation that comprises the Affodible Care Act (ACA) was going to continue to drive a greater wedge into public finances long into the future. According to the two articles, increased taxed and transfer payments from the federal governance were baked into the regulation or required as a result of how the regulation was to be sustained. In other words, ACA did way more than “tackle” the problem of offering healthcare to those that did not have it; it really did tinker with the entire system on which it relies nourishment.
The perspective offered by the Wall Street Journal goes some way to explain the Republical delight in how repealing and replacing Obamacare will in fact eliminate or significantly reduce this socialist wedge that woudl have other driven our Governmetn on to ever larger formats. We really do need to figure out how balance increasesing demands of an aging population with the need to fund a smaller government. If the government were a business, it would long have gone out of business. And it does not help to hear others say, “the governmetn is not a business” since, at the end of the day, it has to be funded. We cannot just borrow forever and print money when we feel like it. Every nation on earth that has gone this route has ended up in revolution or disaster. We all beleive the US is different. Let’s hope so.
– March 17th, How to Repair Obamacare’s Fiscal Damage
– March 15th, The Health Bill’s Fiscal Bonus