Friday, January 3, 2014

The Obamacatre bailout will skyrocket the government debt

Reports Charles Krauthammer:
Then there is Section 1342, the “risk corridor” provision that mandates a major taxpayer payout covering up to 80 percent of insurance-company losses.
Never heard of these? That’s the beauty of passing a bill of such monstrous length. You can insert a chicken soup recipe and no one will notice.
This is the great fear, interest right when rates are rising, the rural Senate needs their goodies and cannot find funds to pay interest expenses. So G drives rates up in a frenzy of borrowings and the economy crashes.

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