Thursday, September 9, 2010

Overhaul Not Expected to Change Health Spending - WSJ.com

HMMM...MORE GRIST FOR THE DOUBLE-DIP: Overhaul Not Expected to Change Health Spending - WSJ.com: "- Sent using Google Toolbar"

Would it be an understatement to say these charts should scare the bejesus out of someone?

Niel Ferguson was right yesterday on Bloomberg (Wed) that its unlikely either party can really be counted on to rein in the entitlement spending spree Americans are addicted to.

After all, it took a bankruptcy to even start to rein in the UAW and their approach to economics seems to be the playbook of the Democrats and Obama.

(It's also interesting to see how the odds of a double-dip seem to be increasing. If I recall correctly, Roubini's odds this morning were reported to now be 40%.)

No comments:

Post a Comment