Ahhhh....Yeah

Megan McCardle breaks down the healthcare bill -

I have to say, I'm woefully underimpressed with the argument that I am now hearing to the effect that "Medicare will bankrupt America anyway if we can't cut health care costs, so we might as well do health care reform."

Anyone who has dated a manic-depressive has heard some version of this argument. "I can barely make ends meet now, so I might as well use my tax refund check to buy a boat! After all, if I can't figure out a way to fix my budget, I'm going to go bankrupt anyway."

The argument Matt Miller often offers is the old "bending the cost curve," argument, that by getting more people under the Medicare or Public Option or Govt Paid For Healthcare umbrella, you begin to cut costs. I don't know why this is assumed...I've heard this argument before in a lot of contexts - and it kind of boils down to "if I only had some money, I could make some money." And well, usually the exact opposite is true - "If you could make some money, you'd have some money."