What, you may ask, has escalators got to do with healthcare? Simple. Keeping escalators in working order should be infinitely easier than keeping America’s healthcare system in shape . . . yes/no? Yes.
Well, check out this video from Reason TV showing that our nation’s capitol cannot keep their metro escalators in proper working order. Now, what happens when Washington, D.C. starts calling the shots on your healthcare . . .
Here is another look at D.C.’s metro system brought to you by Remy . . .
We all know that Uncle Sam’s trillion plus dollar budget deficits are unsustainable. Debt is now larger than Gross Domestic Product and we are well on our way to Greece-level debt (and that excludes our “off the book debt,” see sidebar for our true debt levels . . . around $77 trillion). Adding insult to injury, the states are running huge debts of their own.
At some point, Uncle Sam is going to have to sober up and face reality. The reality is that the budget deficit needs to eliminated and budget surpluses must become the norm (American households need to listen up as well). One solution that I recently came across was “The Penny Plan.” They describe the plan as thus:
The One Cent Solution is beautifully simple: If the government cuts one cent out of every dollar of its total spending (excluding interest payments) each year for six years, and then caps overall federal spending at 18 percent of national income from then on, we can:
Reduce federal spending by $7.5 trillion over 10 years.
Balance the budget by 2019.
Moreover, instead of using inflated budget “baselines” to claim nonexistent spending “cuts” a common practice in Washington, the One Cent Solution calls for real cuts. Under the One Cent plan, the sum of all discretionary and entitlement spending will have to go down from one year to the next, by one percent or more.
Another cool feature of the Penny Plan is that it comes with anther great Remy video shown below.
But alas, I fear even this attempt may be too little too late. Even with a balanced budget by 2019, we will still add trillions of dollars to the national debt. Thanks to President Obama’s policies, the national economy will still be struggling to recover over the next few years. This is a recipe for an explosion in our debt-to-GDP ratio. Check out this history of recent debt ceiling increases to see how unsustainable our path already has become.
Don’t get me wrong, I have nothing but compact fluorescent bulbs in my house because the price of electricity is so high in New Hampshire. Yet, that is my choice. I’m not going to force my neighbor to do the same thing if he doesn’t want to. Anyone in Congress listening?