What's good for politics isn't good
Political sense is not close to common sense. It's almost oxymoronic in nature. Health care advocates want coverage for all with no one being denied care. Does anyone realize that Medicare denied almost 700,000 people care recommended by their doctors? That's way more than all the insurance companies combined for the same period.
Why would anyone support that public option? Pay more, get less service and be denied critical service when needed. Does that make any sense?
Bailouts and the stimulus have been called a success even though people are still losing their jobs. This is another front-loaded situation and will negatively impact the economy when the bill for all of this comes due. Cash for Clunkers helped automakers until it ended. In the following months auto sales dropped substantially for the companies that received bailout money.
The government is racking up debt and printing money so fast that the dollar will soon be worth little. The country can't pay the trillion-dollar interest on the loaned principle. Countries that loaned money are backing away and others don't want to trade in the U.S. currency. It looks like a pre-inflation scenario and nobody is noticing it.
What makes this worse is that politicians and the president have said that we are broke. How then can they still be spending? It appears that they are all doing this for some personal gain because there is no emphasis on cutting graft or corruption. Charlie Rangel's tax problems and Maxine Water's support of him are good examples. She said Charlie's situation is OK because everyone is doing it. Does that mean she and others are a group of tax cheats? Mid term elections will be interesting because that may be a day of reckoning.
Wayne Oras Sr.
Schaumburg