These guys just have money flowing out their ears, don’t they? One subsidy after another, add on some restrictive new laws, leech more money from the people to pay for this extravagance, and you have the work of a corporatist government. There is absolutely no regard for how this will be paid for, all we get is endless talk of the wonders of government efficiency and management (just look at the Department of Education or IRS). Somehow half the country is reassured that continuing massive deficits (what everyone was rightly complaining about under Bush) are nothing to worry about.
WASHINGTON – Trying to entice employers to keep early retirees on their medical plans, the Obama administration announced Tuesday it’s making $5 billion available until the safety net of the new health care law is in place.
Effective next month, federal subsidies will allow employers to recoup a big chunk of the cost of medical claims for retirees ages 55 to 64 not yet eligible for Medicare.
Older baby boomers working for large companies — and looking to downshift to less-demanding employment_ could be immediate beneficiaries.
http://bit.ly/d3KUeR
Does our government think that money grows on trees? How exactly is the government going to fund this with our deficit now around $13 Trillion! Are they going to tax their citizens and businesses into oblivion?
Something has to change. We have to stop this mindless spending! Even the administration admits the spending is “unsustainable”, yet they do nothing to curb it.
When America falls, she will end up flat on her face and I’m not sure she will ever stand back up again.
That is probably the most alarming situation, Kevin. The fact that no one seems to even consider the consequences of massive overspending and deficits. You cannot finance permanent prosperity through government and debt, you merely create a short-term illusion of wealth and security that must collapse.