- The Washington Times - Monday, June 6, 2011


When I was growing up more than half a century ago in Detroit, I remember my best friend periodically telling me that the revolution was coming. He meant the demise of capitalism.

We were both 12 years old and it was 1959. My friend’s dad was an English professor at Wayne State and my dad was an auto worker. In later years, I learned that my friend’s dad was a prominent anti-war activist and socialist. They lived in the nice house on the next block, while we lived in a two-bedroom flat. They could afford the rebellion and we were preoccupied with making it to the next capitalist payday.

Unfortunately, the uprising is right around the corner and it is apparently the implosion of the great social welfare programs that will ignite it. The end of capitalism, so fancied by my best friend and his family, never transpired, but socialism is self-destructing before our very eyes. Social Security has destroyed the saving habits of virtually the entire U.S. work force, and Medicare and Medicaid have completely removed the cost feedback to the patient. Consequently, we have unlimited demand for medical services and steadily rising costs.

In the future, we will likely have rationing by death panel. Isn’t it great when everything is free and you really do not have to think about the consequences of your actions? This ends in a sovereign debt crisis because at this point, the nation is running on borrowed money. Forget the phony trust funds and the myriad dishonesties associated with Obamacare. When the lenders dry up, so will your entitlement check. And don’t bother looking for health care - it migrated offshore.



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