The View From 1776
Thursday, November 12, 2009
Why Place Your Bet On The Horse That Always Loses?
Why believe that Obamacare will
The Obama administration and fellow liberal-progressive-socialists in Congress have based much of their rationalization for Obamacare on its purported reductions in healthcare costs. But, for at least two decades, proposals by the Social Security Administration and Congress to cut Medicare costs have come to naught.
This is hardly surprising, since Congress’s modus operandi is spending money, and the more of it the better, from politicians’ viewpoint. Alexis de Tocqueville, celebrated author of Democracy in America, put his finger on the insurmountable problem in mid-19th century. The theory of socialism is “from each according to ability, to each according to need,” but, while the public’s needs may be quantifiable, its wants are unlimited.
Efficiency is a negative criterion in any government project.