Drum spouting the talking points.
Here is a clue that Kevin should be aware of. It took California about ten years to figure out No Child left Behind, a very costly endeavor which ran up the pension bills and cost a generation of kids. It finally stabilized when the federal government just handed out money and kept its mouth shut.
Right now medical inflation is about 4% YoY, and that is second to housing inflation. Where are both going to hit at the same time? California. The total set of consumer goods is only rising about 1.3%, at best; meaning everyday consumer goods are in deep deflation, demand collapse.
If Obamacare survives in its current form, then taxpayers in California are going to cover some 20 billion in infrastructure costs for new hospitals school and staff.
A backlog of federal payments due to insurers to cover costs is due and payable. And we are way behind in building the new facilities. There is not enough trained staff and medical salaries skyrocket. All of the due and payables are coming right off of consumption, and Nancy voters are having big regrets. And this six year problem has cost Nancy and the Dems some three Congressional elections.
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