Monday, May 18, 2009

Weird Weed Being Smoked in Budget Office

Budget Director Peter Orszag's proclamation over the weekend to CNN that health care reform will not increase the federal deficit must mean the administration plans to create health care collateralized debt obligations (CDOs) and sell them to hedge funds to get the trillions needed and keep the debt off record.

Otherwise, Mr. Orszag has found some kind of noxious weed to smoke while on the job. Clearly, insuring an additional nearly 50 million people ain't gonna be paid for by passing individual mandates or even employer mandates. The fed guv, like Massachusetts' Commonwealth Care, will find itself either subsidizing tons of people or exempting them from the mandate.

Let's get real here, folks. Otherwise, make that weed available to the general public so we can all live in the same unreal world.

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