L: Understood: if no one can make a buck providing some good or service, how vital can it be? Anything people actually want will be provided by entrepreneurs, making a profit. And like you, I too like to start by asking what is right, before I ask how much it costs. But most people just don't seem to think this way. That's why I keep coming back to the practical arguments. It seems that, regardless of one's politics, it should matter that the state's coffers are empty.
Colmes argues that by 2022 Obama's Affordable Care Act "will provide coverage to 33 million Americans who would otherwise be uninsured." He doesn't mention that mandated government spending and interest payments have already taken over the entire federal budget. Even now, with a $1.5 trillion deficit, most of the $700 billion for the military, the $227 billion for interest on the national debt and the $646 billion for regular government services is borrowed every year. The whole thing is an impossible pipe dream that absolutely ensures the bankruptcy of not just the US government, but American society itself.
Doug: It seems insane – people wouldn't believe us if we'd written this into a story some years ago.
But you can see the scary truth in the news every day; people in Europe's totally broke and failing economies protest violently in the streets for their governments to spend more money those governments don't have and won't be able to borrow. Colmes exhibits this same breathtaking unwillingness to face the facts. He talks about one in seven people being on food stamps, as though it were a good thing. He talks about how politicians voted to extend unemployment benefits with money they don't have as though that's an unquestionably good thing to do.
The rest of the interview: