I have to say, I’m woefully underimpressed with the argument that I am now hearing to the effect that “Medicare will bankrupt America anyway if we can’t cut health care costs, so we might as well do health care reform.”
Anyone who has dated a manic-depressive has heard some version of this argument. “I can barely make ends meet now, so I might as well use my tax refund check to buy a boat! After all, if I can’t figure out a way to fix my budget, I’m going to go bankrupt anyway.”
And anyone who has dated a manic-depressive knows where this ends. . . . If we pass this health care reform bill, a bunch of people are going to leave their employer health insurance under this plan for some subsidized plan–millions of them, according to the CBO. If the government goes bankrupt, millions of people will lose that subsidized coverage and be much worse off than if we’d done nothing.
Read the whole thing.