Friday, March 26, 2010

Zombie Nation

My take on the new 'health reform' bill? It is, literally, the proverbial straw. America's is now bankrupt. It just doesn't know it quite yet. But a good portion of the citizenry suspects it - feels it - viscerally. The country can't possibly shoulder the overwhelming weight of this latest multi-trillion dollar entitlement on top of our already egregiously underfunded Social Security, Medicare, Medicaid, and public employee pension plans. Just before the federal bailout of our largest banks last year there was talk amongst the financial community of the danger of creating 'zombie' banks; banks that could never stand on their own feet again; hooked up eternally to the life-sustaining I.V. of government subsidies. Or creating 'zombie' car companies like the once proud GM, now linguistically derided as our 'Government Motors', it's heart, the profit motive, ripped out of it's obese, dying no longer competitive carcass. Tragically, and I truly mean tragically, we, in time I fear are doomed to become, sooner rather than later, a 'zombie' nation, cursed to a kind of living dead status, perpetually failing, overspending and endlessly bailing ourselves out, like only a corrupt government and complicit federal reserve can do with its printing press. The price? Nothing less than the American Dream itself. Feel better now?

The problem with socialism is that sooner or later they run out of other people's money.... Margaret Thatcher

M.D.T.