Wait for it.
So here’s a prediction for you: Obamacare is not going to happen, regardless of the fact that the president is going to sign it into law today, regardless of what happens in the 2010 and 2012 elections, and regardless of any speech given anywhere in Washington. The government’s ability to simply say “Make it so!” and ignore economic reality is coming up against its limit. If Nancy Pelosi thinks the Republicans are obstructionists, wait until she wants to borrow money from people who don’t want to lend it to her and don’t have to run for reelection.
Obamacare will be a huge new outlay on an already bloated federal budget, two-thirds of which is committed to Social Security, Medicare, Medicaid, national defense, and interest payments on the national debt. Somebody’s not going to get paid. Bond investors are worried that it’s going to be them, but my bet is that it’s going to be those who have put their faith in Obamacare. But, hey, it was fun while it lasted. Have a Tylenol.
— Kevin Williamson is a deputy managing editor of National Review.
You can read the whole thing here.
I’m a realist too, and what Williamson says makes a whole lot of sense. When it comes to tough choices, the entitlements with the most longevity will win the day. They’ll be paid, while Obamacare won’t. So, yeah, take a Tylenol.
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