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Government Keeps Pressing Ponzi Schemes

Posted on August 19 2009 2:28 am
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Former judge Andrew Napolitano said on Glenn Beck’s Fox News TV program that the federal government is involved in Ponzi schemes far bigger than recently convicted embezzler Bernard Madoff (whose actions crippled left-wing philanthropies like the Picower Foundation and the JEHT Foundation) ever imagined:

Everything the government runs is bankrupt: Medicare is broke; Medicaid is broke; the Post Office is broke; Amtrak is broke; Social Security is a bigger Ponzi scheme and bigger fraud than anything Madoff ever dreamed of and it is broke. The government consumes wealth; private industry produces wealth. The government and private enterprise are the opposite: If private enterprise fails to produce what consumers want or fails to return a profit to investors, it goes out of business.

Yet President Obama keeps on pushing to create new government boondoggles such as a massive government takeover of the nation’s healthcare system. Napolitano noted that the president has been demonizing medical doctors, claiming ridiculously that they yank out patients’ tonsils whether the tonsils need to be removed or not. Last month Obama said:

Right now, doctors a lot of times are forced to make decisions based on the fee payment schedule that’s out there. So if they’re looking and you come in and you’ve got a bad sore throat or your child has a bad sore throat or has repeated sore throats, the doctor may look at the reimbursement system and say to himself, ‘You know what? I make a lot more money if I take this kid’s tonsils out.’

Former Medicare/Medicaid official Dr. Scott Gottlieb of the American Enterprise Institute said, “I don’t think physicians are being incentivized to do unnecessary surgeries because of the financial compensation.”

The president wants to impose on America a system similar to Canada’s failing socialist medical system. Gottlieb noted that in Canada physicians game the system to help themselves. “They move themselves and their family members up to the top of the waiting lists,” Gottlieb said.

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