Two words: Be prepared.
The merits of the case for or against Obamacare are almost impossible for even well-informed and educated citizens to parse. You start with a law roughly 2,000 pages long, cobbled together largely by lobbyists for the insurance and medical industries, both of them hideous rackets, and move to a labyrinth of 50 different state’s systems for administering the darn thing, and then consider the supposed beneficiaries, namely young people so burdened by college loans in an economy that only offers minimum wage scut-jobs that, from one day to the next, they probably don’t know whether to shit or go blind. They don’t even have the scratch to pay the opt-out tax, let alone purchase an insurance policy.
Beyond that kind of uncertainty is the certainty that a whole lot of things are primed to shake loose. One that deserves the anxiety it is generating is the question of US debt, which translates directly into the question of US currency, i.e., the fate of the dollar. Does the legislative branch want to play games with the only thing that supports the market for US Treasury paper — the dollar’s proxy — which is the generally-held notion that the full faith and credit of the nation stands behind promises to pay? 200 measly basis points in the ten-year note is all that stands between the pretense of economic stability and some pretty serious chaos in the government / banking matrix. The one-two punch of the continuing resolution for appropriations and the imminent debt ceiling crunch may rip the fabric of our constructed financial reality and open a black hole into which the wealth of nations disappears forever.
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