Unified theory of Obamaism, fifth (final?) installment:
In the service of his ultimate mission — the leveling of social inequalities — President Obama offers a tripartite social democratic agenda: nationalized health care, federalized education (ultimately guaranteed through college) and a cash-cow carbon tax (or its equivalent) to subsidize the other two.
By Charles Krauthammer
The Washington Post
Problem is, the math doesn’t add up. Not even a carbon tax would pay for Obama’s vastly expanded welfare state. Nor will Midwest Democrats stand for a tax that would devastate their already crumbling region.
What is obviously required is entitlement reform, meaning Social Security and Medicare/Medicaid. That’s where the real money is — trillions saved that could not only fund hugely expensive health and education programs but also restore budgetary balance.
Except that Obama has offered no real entitlement reform. His universal health-care proposal would increase costs by perhaps $1 trillion. Medicare/Medicaid reform is supposed to decrease costs.
Obama’s own budget projections show staggering budget deficits going out to 2019. If he knows his social agenda is going to drown us in debt, what’s he up to?
He has an idea. But he dare not speak of it yet. He has only hinted. When asked in his March 24 news conference about the huge debt he’s incurring, Obama spoke vaguely of “additional adjustments” that will be unfolding in future budgets.