Futures and Options

Just another town along the road.

Tuesday, June 16, 2009

Wait, you mean it costs money to give stuff away?

From the Associated Press via Yahoo!

Jolted by cost estimates as high as $1.6 trillion, Senate Democrats agreed Tuesday to scale back planned subsidies for the uninsured and sought concessions totaling hundreds of billions of dollars from private industry to defray the cost of sweeping health care legislation.

Apparently Senate Democrats have forgotten that goods and services actually have to be paid for.  They must have also missed the fact that the country is already bleeding money with record deficits.

Then again, given the ratio of what is paid for to what is going to be financed through deficit spending, maybe they’ve simply decided to exercise the same level of fiscal restraint as their constituents did before this whole mess started.

Several officials said the Congressional Budget Office had issued a cost estimate of $1.6 trillion, with only about $560 billion paid for.

Just put that $1.1 trillion on the credit card and worry about it later.  What’s the worst that could happen?

posted by Zenmervolt at 16:33  

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment

In ignorantia confidenter praegredi.