by Karl Denninger, Market Ticker:
If you haven’t read my long-standing legislation to resolve the medical mess go read it here.
That’s the latest revision dating to 2017; an earlier revision was included in Leverage.
None that exactly zero of this has been put forward by our Federal Government, despite it being fact that CMS, “Centers for Medicare and Medicaid Services”, is the single largest element of the Government and responsible for far more spending than our deficit. It also is expanding at a higher rate than GDP and has been for decades with no actual attempt to rein that in by either political party. These facts mean that it will be the reason there is eventually a default, if there is one, and the reason there is a collapse in both the government and medical system when that occurs, and it will occur with certainty if this trajectory is not halted and in fact reversed.