by Karl Denninger
Market-Ticker.org
Bernie is out making a stink about the debt ceiling being a matter of our “priorities” as a society — once again.
He continues to persist in the claim that we can just tax rich people more and solve it.
He’s lying.
Look folks, this really is quite simple: The problem is that the price of these services has exorbitantly ramped driven by multiple factors.
CMS is responsible for all of it.
One trillion dollars, approximately, of the total 3.6 trillion spent since October 1st has been in that department and only about $400 billion has been received in taxes to offset it.