Friday, July 21, 2017

KARL DENNINGER: Well Well, Look What We Have Here...

https://market-ticker.org/akcs-www?singlepost=3424316

"The ObamaCare reform fiasco looks like a tipping point toward a strain of toxic political paralysis that might literally kill the government as we’ve known it. Over the many months of debate, congress never even got around to raising the salient issue: that the 18-or-so-percent of the economy “health care” represents consists largely of outright racketeering."
Yep.
 
Oh, and I believe it's now up to 19% and change, soon be 20.

And somewhere not far from there the entire mess comes apart.

3+% real GDP expansion cannot be achieved when one dollar in five is literally stolen for an alleged "service" that is worthless at best and kills you at worst.

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