The Dark Cloud over the Trump Presidency

There is an old French adage that applies to the Republicans in Congress and perhaps the Trump Administration: “Plus ca change, plus c’est la meme chose” (“The more things change, the more they stay the same”).   The appetite for ever greater government spending appears to be no different than in previous years.  This uncontrolled addiction, unless reined, in will cast a dark cloud over entire term of the Trump presidency. Rather than an outright repeal, the hierarchy of the Congressional leadership has just given birth to an amended version of Obamacare that does not eliminate subsidies but recasts them as tax-credits, continues Medicare subsidies to the States, and forwards to the states a gratuitous $100 billion not included in Obamacare, thus perpetuating and accelerating the level of government spending that would have occurred under Obamacare.  (Beyond the spending in the bill, this legislation is essentially an acknowledgment...(Read Full Article)