Free Markets, Free People
And You Wonder What Fairyland Is Like?
Nancy Peolsi will be the first to tell you that the experts are wrong when they say the public option described by President Obama last night won’t work.
At a separate event, House Speaker Nancy Pelosi told reporters that half the bill “will be paid for by squeezing excesses out of the system” by finding $500 billion in reduced waste, fraud, abuse and redundancy. The rest will be paid for in pay-as-you-go funding and cuts in other spending.
“Squeeze it out of the system, and that means out of the providers and the rest as well,” she said.
She added that despite the price tag, there’s no limit on the help people will receive.
“There’s a cap on what you pay in in premiums. There’s no cap on what you receive back,” Pelosi added.
My guess, given the current state of the Nobel Prize, her prize for economics is in the bag. She’s discovered a condition where price controls work and are in perfect equilibrium with unlimited payouts thereby never leading to funding deficits.
It’s freakin’ magic!