The Big Picture (putting it all together)

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And now, the great health care bailout
We protect the big banks and Wall Street, so why not protect everyone with health care reform? Because, like the other bailouts, this will be a financial disaster.

[Related content: taxes, health, politics, financial crisis, Bill Fleckenstein]
By Bill Fleckenstein
MSN Money
To probably no one's surprise but against the hopes of many, the House has passed one of the costliest pieces of legislation, potentially, of the past 40 years.


What's really in the health care bill?
To be clear: I am for reforming the health care system and trying to help those truly in need. But I'm against this political fiasco that's being called reform.

Over time, this bill is going to be an epic financial disaster. And the accounting by which the Obama administration claims to pay for it sets a new low in financial honesty (or, said differently, a new high in government financial chicanery).

For everyone who loves socialism and all the things that socialism can bring, over the next 20 years you're going to get the health care system in this country that you've longed for. And for those of you who don't, it won't matter. You're going to pay anyway.

http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/and-now-the-great-health-care-bailout.aspx