Updated about 16 years ago on . Most recent reply

"Cap on your costs, no cap on your benefit"
I just heard Nancy Pelosi pitch National Healthcare on this phrase, "Cap on your costs, no cap on your benefit."
Holy crap - I don't care what party you are, how can you justify this "logic"? "Benefit" is a pay out - as in the money coming out. The money coming out has to come from somewhere - aka the money coming in. She's saying that you can have infinite dispensing from finite cashflow in. Not only does this goes against the core logic of actuarial science, it's like saying you can continuously pour increasingly more water out of a bucket without putting increasingly more water into it. This is just like Social Security. There's plenty of water in the bucket for the first generation and maybe your kids. After that, good luck.
Hey Nancy....how's that philosophy of infinite payouts from finite supply been working for your home state's budget?
Tim