no third solution

Blogging about liberty, anarchy, economics and politics

Fannie Mae: Kaput

May 10th, 2010

Adding to the $140 billion worth of federal subsidies received since 2008, Fannie Mae just asked the government for an additional $8.4 billion after losing $13.1 billion in Q1. FNM basically says, “We’re bankrupt: completely and totally insolvent, and there is exactly a 0% chance that we will ever recover.”

Because of current trends in housing and financial markets, Fannie Mae expects to continue having a net worth deficit in future periods and to need to tap more funding from the Treasury.

A ‘net worth deficit’ is newspeak for worth less than nothing.

NB: This is the ‘private’ company charged with “promoting sustainable homeownership”.

Health Care Slavery

May 10th, 2010

The Texas Tribune reports that a growing trend among doctors (especially among specialists) is refusal to accept Medicare and Medicaid patients. This is due in large part to the layers of bureaucracy and rolls of red tape which come attached to these patients — in other words real expenses in terms of time and labor — for which the health care providers are not compensated.

“In essence, physicians are donating their services every time they see someone on Medicare or Medicaid,” said Dr. Susan Bailey, a Fort Worth allergist and the incoming president of the Texas Medical Association. “It just becomes a matter of whether or not you can keep your bottom line healthy.”

…

“Why should I take [Medicaid or Medicare] patients who could be seen at a clinic, at [the public hospital]? My practice is full already,” Dr. William Jones said. “Nowadays, everyone thinks they’re entitled to health care — they want the same type of care Michael Dell gets, but for free.”

So, the doctors can’t bear the financial burden of the red-tape and some of them decide to stop admitting new medicaid/medicare patients, because they’re losing money on every single one of them.  Anyone with even a cursory understanding of economics could’ve told you that this is exactly what you were going to get when you start socializing health care.

I’m no omniscient, but I told you exactly that about Massachussets’ health care failure: the end result is a system which fails to provide the only thing it’s designed to provide, while permitting the government to exercise even greater amount of control over our lives, as our freedoms and our dignity are surrendered or usurped.

Well, guess what Massachusetts is mulling over as we speak?

At least one state is considering sticks, not carrots. Massachusetts, which has seen wait times for primary care doctors grow since the state made health insurance mandatory three years ago, is debating forcing doctors to accept Medicaid and Medicare.

Every state-socialized system ultimately succumbs to this.

Proponents of Obamacare or whatever you want to call this abomination straight-up mocked me when I presented the slippery-slope argument, that such a system doesn’t work, can’t work, and won’t work, and eventually the system will have to conscript primary care providers, physicians, etc. “Oh don’t be ridiculous,” they said.

When the doctors start turning down these programs, the Governments will start holding medical licenses for ransom (Texas is also toying with this concept), compelling doctors to perform services under threat of losing their license and consequently, their livelihood. This is more than a simple racket, this is slavery.

What else would you call it? Actually, I don’t care (a rose by any other name…).

This is what socialized medicine is all about: it denies people the choice and ability to take care of themselves, the absence of which is then touted as evidence that socialism is needed because people won’t take care of themselves (because they aren’t allowed to take care of themselves). And if that’s not bad enough, we now have evidence that they’re really going to try and enslave people to keep the charade alive.


An Open Letter to “Libertarians” Against Immigration Amnesty

May 6th, 2010

If you are one of these ‘libertarians’, who oppose amnesty for migrant workers, who oppose open borders and freedom of travel, employ and commerce, this letter is addressed to you.

Dear “Libertarians”,

I notice a lot of you like to say that brown people in third world countries accept low-wage, hard-labor jobs because that’s better than the alternative (namely: subsistence farming). You argue that this is how the invisible hand of the “free market” works.

No, it’s fucking not.

The only reason they are condemned to these choices is because they had the misfortune of being born in some banana republic, some petty dictatorship, or some ass-backward third-world country. Viz., some place you ‘libertarians’ would never — ever — want to find yourselves; you would kick, punch, claw, gouge and shoot your way out. You would climb mountains, cross deserts, or navigate shark-infested oceans in order to find something better.

But when I bring up immigration, I’m not talking about you. I’m talking about them. You’re worried that if people emigrate, you might not pull down $18/hour plus benefits to be a high school custodian — as if being compelled by the forces of supply and demand to accept a $13/hour gig instead is a degradation even remotely similar to being locked in some craphole third-world country making $100 shoes for 8 cents a day.

You’re saying, “I’m all for the free market as long as I get to play by a different set of rules [than immigrants and residents of LDCs]”. But that’s not how a “free market” works.

You do not get to exempt yourself from the workings of the free market and still call it a “free market”. The same forces which might compel a migrant worker to pick cherries in Traverse City, or to work ‘illegally’ doing midnight shifts at the gas station, may also compel you to sacrifice that vacation home, or the third flat-screen TV, or the brand-new car for your daughter’s sweet sixteen, or your microbrews, or your Marlboros or your expensive tennis shoes and video games — so that those oppressed and disenfrachised can feed their fucking families.

Take a good, long, hard look in the mirror. You are not an advocate of the ‘invisible hand’.
You are an apologist for the ‘invisible fist’, punching all of humanity in the throat, forever.

Sincerely,

David Zemens

no third solution

Blogging about liberty, anarchy, economics and politics