• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Democratic Congressman Admits Obamacare Won't Work (After Announcing Retirement)

Tyler Durden's picture


"I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially," warned Democrat Virginia Representative Jim Moran. The Democrat, as The Daily Caller reports, seemingly daring to break ranks with his peers, added that he understood Millennial lack of signing up as "frankly, there’s some legitimacy to their concern because the government spends about $7 for the elderly for every $1 it spends on the young." This stunning declaration, of course, fits with the narratives that most mathematically-capable human beings can comprehend but starkly refutes the hopes and dreams of the President's healthcare policy... The reason that Jim Moran could be so honest... after 12 terms of toeing the lying line, he has announced his retirement.

Via The Daily Caller,

A top House Democrat slammed Obamacare’s inability “to work” — but only after he announced his impending retirement from Congress.


12-term Virginia Rep. Jim Moran, an Appropriations Committee member who said this month that he will not seek re-election in 2014, said that not enough young people are signing up for Obamacare coverage to make the law work.


I’m afraid that the millennials, if you will, are less likely to sign up. I think they feel more independent, I think they feel a little more invulnerable than prior generations. But I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially,” Moran said in an interview with WAMU American University Radio.


“And, frankly, there’s some legitimacy to their concern because the government spends about $7 for the elderly for every $1 it spends on the young,” Moran said.


I just don’t know how we’re going to do it frankly. If we had a solution I’d be telling the president right now,” Moran said.


Moran voted for President Obama’s Affordable Care Act, which depends on young healthy “invincibles” to sign up for health insurance exchanges to offset the high number of older, sicker people that drive rates up and make Obamacare plans more expensive.




read more here

Perhaps there is a lesson in this for all of us - do not trust a politician until he has retired (and we suggest - not even then).

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 01/27/2014 - 22:19 | 4373578 HedgeAccordingly
HedgeAccordingly's picture

EX CIA head admitted aliens exist.... if that proves anything .. 


Tom Perkins to Bloomberg TV: I Could Buy a Six Pack of Rolexes, I Have Members Of My Own Family In Trailer Parks http://hedge.ly/1ectDWB

Mon, 01/27/2014 - 22:31 | 4373618 Mr Pink
Mr Pink's picture

Moran,Weiner, Boner...I'm starting to get the feeling these ass clowns seek political office because they were made fun of since 1st grade

Mon, 01/27/2014 - 22:35 | 4373635 Normalcy Bias
Normalcy Bias's picture

I think there's something to your hypothesis. They grow up being made fun of because they're obvious tools, but once they gain elective office, it's payback time!

Mon, 01/27/2014 - 23:00 | 4373704 outofideas
outofideas's picture

Yeah but usually us picked on geeks are good at maths. Not these clowns apparently.

Tue, 01/28/2014 - 00:20 | 4373926 Pool Shark
Pool Shark's picture



Looks like a Congressman finally got a brain:



Tue, 01/28/2014 - 01:08 | 4374043 Richard Chesler
Richard Chesler's picture

<= Obozocare
<= Obozofraud

Tue, 01/28/2014 - 05:39 | 4374303 Cap Matifou
Cap Matifou's picture

It looks in the case of Moran the saying 'Nomen est omen' doesn't apply.

Tue, 01/28/2014 - 06:47 | 4374350 GetZeeGold
GetZeeGold's picture



(After Announcing Retirement)


Well.....that's one down.

Tue, 01/28/2014 - 06:54 | 4374356 Occident Mortal
Occident Mortal's picture

Just goes to show that Obamacare is simply another money grab by the egregious generation.



Whereas the Millenials are voting with their “aren’t you dead yet” silence.

Tue, 01/28/2014 - 08:13 | 4374411 N2OJoe
N2OJoe's picture

It is working flawlessly as intented.

It's just that what they tell you it should do is not what it was designed to do.

Tue, 01/28/2014 - 10:06 | 4374780 kralizec
kralizec's picture

Moran and the rest of the treasonous assholes can rot in Hell!

Tue, 01/28/2014 - 09:29 | 4374599 Offthebeach
Offthebeach's picture

Hollywood for ugly people.

Young people have gone Gault. They don't know Gault from butkis, but they organically sense, correctly, that they are the last in on a ponzi.

Mon, 01/27/2014 - 22:51 | 4373673 King_Julian
King_Julian's picture

Virginia, my state, has gone to the ass clowns, both red and blue flavored. Absolute tools and if you didn't know, Cantor, also is from Northern Virginia. They have betrayed the proud history of the founders who came from this beautiful area.

Mon, 01/27/2014 - 23:18 | 4373761 NoDebt
NoDebt's picture

I'm sorry, but you're too close to DC.  Well within the blast radius of statist control.  You're fucked.  Get out.  We can't help you when you're that close.

Tue, 01/28/2014 - 00:10 | 4373898 AmericasCicero
AmericasCicero's picture

I work in DC.  Front row seat to the circus

Tue, 01/28/2014 - 11:26 | 4375130 odatruf
odatruf's picture

Praytell, doing?

Tue, 01/28/2014 - 01:31 | 4374075 Freddie
Freddie's picture

Canter is AIPAC/NeoCon/NWO. 

Mon, 01/27/2014 - 22:31 | 4373620 Grande Tetons
Grande Tetons's picture

Math and politics go together like reason and bullshit. 


Worth the quick view. 

Mon, 01/27/2014 - 23:36 | 4373811 NOTW777
NOTW777's picture

and Moran voted for Obamacare

Tue, 01/28/2014 - 14:11 | 4375902 Tom_333
Tom_333's picture

Yes. Of course. Young people will not sign up.

Now...let´s see if we can exercise that logical thinking. The next step will the be-----------------------

Submit your answers. Don´t be afraid. Just shout them out as they come to mind.

Mon, 01/27/2014 - 22:18 | 4373580 The Gooch
The Gooch's picture

He has announced his retirement.

With taxpayer funded pension and full health care for life.


Mon, 01/27/2014 - 22:37 | 4373640 nightshiftsucks
nightshiftsucks's picture

We should throw him a going away party and get him a necktie hanging from a pole.

Mon, 01/27/2014 - 22:51 | 4373678 artless
artless's picture

Hey, pretty much the whole world just collectively jacked off upon the death of Nelson Mandela who endorsed the technique of "necklacing" in pursuit of the aims of the ANC.

Maybe there will be someone who does the same for the complete bags of walking shit like Mr. Moran, then spend a few years in prison, be released and celebrated upon HIS death as if he was the second cuming.

Ya think?

No, I'm not one for violence. I prefer that Mr. Moran is stripped of all his property, dressed in an orange jumpsuit, and frog marched off to prison for the rest of his life and every last member of his immediate family be denied any such benefit of the man's decades of colusion in fucking over this country. Make him sit in a cell and rot eating nothing but the bare minimum and water and force his spawn to go work for a living.

There are no innocents in this matter. Fuck his wife, fuck his kids, and everyone else for that matter. Hell make THEM pay his 30 some years of salary back to the Treasury.

Oh, wait nix that. It's juts giving cash back to the criminals.

Mon, 01/27/2014 - 23:22 | 4373763 LMAOLORI
LMAOLORI's picture




This is even more OUTRAGEOUS he's getting the orange jump suit and we still have to pay him!


Jesse Jackson Jr. still eligible for government pension, disability pay

Ex-congressman Jackson is eligible to receive $8,700 dollars per month in disability pay due to his bipolar condition and could receive a partial federal pension of $45,000 per year once he reaches 65.



Tue, 01/28/2014 - 01:30 | 4374074 Matt
Matt's picture

$100,000 per year for being bipolar? Wow, must be nice being a government man.

Tue, 01/28/2014 - 01:43 | 4374093 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

That works out to $50k per pole. I'm unipolar, where's my $50k?

Tue, 01/28/2014 - 13:25 | 4375702 Winston Smith 2009
Winston Smith 2009's picture

"$100,000 per year for being bipolar?"

Hmmm, how easy is it to act bipolar? Not knowing makes me really depressed. But I feel so great today because it's a beautiful day. But I'm sure tomorrow will suck.

Will I get $200,000 if I'm also schizophrenic? Surely I will! No, you won't! Shut up!

Mon, 01/27/2014 - 22:46 | 4373659 Real Estate Geek
Real Estate Geek's picture

When these corrupt whores retire, don't they also get to keep all of the bribes, oops, er, excess funds held by their campaign organizations?

Mon, 01/27/2014 - 22:48 | 4373670 The Gooch
The Gooch's picture

It depends how well your creative (1%) accountant accounts for "speaking engagements" and "consulting work".

Also, pretty sure that congressional, insider trading exemption does not expire.

Mon, 01/27/2014 - 22:48 | 4373666 TheReplacement
TheReplacement's picture

knukles, you should be all over this one.  More rightfully so one would think.

Mon, 01/27/2014 - 22:52 | 4373676 Long-John-Silver
Long-John-Silver's picture

He has announced his retirement.

With taxpayer funded pension and full health care for life.


A lot of good that's going to do for him when his 6 figure income in US Dollars buys as much stuff as Zim Dollars.

Mon, 01/27/2014 - 22:22 | 4373590 Smiley
Smiley's picture

Does not matter:  The shitwads who make the news will fight for the right to toss O's salad till the end.

Mon, 01/27/2014 - 22:24 | 4373597 Meat Hammer
Meat Hammer's picture

Young healthy people still didn't want overpriced insurance? Really? You don't say. 

You can't make unicorns exist by creating a law mandating the existence of unicorns, no matter how many bumper stickers you put on your prius.

Mon, 01/27/2014 - 22:26 | 4373604 drchris
drchris's picture

They want it if you're buying.

Mon, 01/27/2014 - 23:42 | 4373824 XitSam
XitSam's picture

Young people stay on their parent's policy until age 26 so why would they buy anyway?

Mon, 01/27/2014 - 23:49 | 4373836 dexter_morgan
dexter_morgan's picture

haha - go figger

got some asshole parks at the train station driving his low rider buick with several 'I Love Obamacare' stickers all over it. how you likin it now asshole.


Mon, 01/27/2014 - 22:24 | 4373599 NoDebt
NoDebt's picture

Like having the mugger smile and wish you a nice day after he takes your money.

This isn't some act of contrition, this is him saying "Fuck you, America.  Look what I can and did do to you.  There's absolutely nothing you can do to stop it.  And there's nothing you can do to me about it."


Mon, 01/27/2014 - 22:26 | 4373600 Normalcy Bias
Normalcy Bias's picture

Go on take the money and run...


Mon, 01/27/2014 - 22:27 | 4373606 goldenbuddha454
goldenbuddha454's picture

12 terms says it all!  These fucking assholes stay in a seat like a tick on a dog glad-handing you and bending over for lobbyists.  Term Limits America!

Mon, 01/27/2014 - 22:42 | 4373656 The Gooch
The Gooch's picture


Maybe you'll get to vote on that someday. 

Mon, 01/27/2014 - 22:50 | 4373671 kridkrid
kridkrid's picture

term limits would be meaningless.

Mon, 01/27/2014 - 22:57 | 4373697 NoDebt
NoDebt's picture

Why don't we try them anyway?  Can't be any worse than this shit show.

Mon, 01/27/2014 - 23:37 | 4373819 Ballin D
Ballin D's picture

do you really want to set a precedant of just trying something for the sake of it because their last idiotic scheme didnt work?

Tue, 01/28/2014 - 00:08 | 4373894 NoDebt
NoDebt's picture

In this case, yes.  I'll take a flyer on this one and let the chips fall where they may.

Tue, 01/28/2014 - 00:57 | 4374025 Ballin D
Ballin D's picture

Rash actions by our political 'masterminds' without appropriate planning creates things like Obamacare and Quantitative Easing. I dont know why anyone would think its different this time. It never is.

Tue, 01/28/2014 - 03:12 | 4374214 Midas
Midas's picture

I think term limits are a great idea.  One wrinkle I would put on it is that the individual could run for office again as long as they sat out for at least one term.  If they are really that good, you could get them back in.  The elected officials in my area are above average.  By that I mean they don't do much, but they still get re-elected just because of the inertia.

Tue, 01/28/2014 - 03:26 | 4374230 boogerbently
boogerbently's picture

That is the problem with no term limits.

Everyone knows ALL politicians are crooks.......except MY politician.

Tue, 01/28/2014 - 09:43 | 4374667 mvsjcl
mvsjcl's picture

Frankly, there's no way of really knowing why they get re-elected, if you get my drift.

Tue, 01/28/2014 - 08:33 | 4374447 jerry_theking_lawler
jerry_theking_lawler's picture

Forget 'new laws'.....let's go back to the old ones that work for a long, long time.....repeal the 17th Amendment. Once we regain the REPUBLIC, we can go from there.....

Mon, 01/27/2014 - 23:30 | 4373799 KickIce
KickIce's picture

Good evening senator.

Do NOT follow this link or you will be banned from the site!