-By Warner Todd Huston
Britain’s vaunted nationalized healthcare system is bankrupting the nation and the International Monetary Fund (IMF) is warning that if the UK doesn’t start charging for healthcare and raise the retirement age above 65 the country will not be able to get out from under the widening fiscal disaster.
The IMF is telling the British government that she must instigate a wholesale revamping of its pensioner and healthcare system to “help keep a lid on the debt.”
Treasury officials admitted recently that the deficit is expected to rise “£200billion this year – £25billion more than the Chancellor predicted in the Budget.”
That is the equivalent of £3,257 of debt for every man, woman and child, or £9,457 for the average family.
It should be pointed out that Britain’s deficit is no where near the Obama deficit in the U.S. and his $1 debt doesn’t even count any nationalized healthcare plan like the one Congress is desperately trying to pass.
(Cross posted at HealthcareHorseRace.com.)
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Warner Todd Huston is a Chicago based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as NewsBusters.org, RightWingNews.com, CanadaFreePress.com, StoptheACLU.com, TheRealityCheck.org, RedState.com, Human Events Magazine, AmericanDailyReview.com, and the New Media Journal, among many, many others. Additionally, he has been a frequent guest on talk-radio programs to discuss his opinion editorials and current events and is currently the co-host of “Life, Liberty, and the Pursuit of Conservatism” heard on BlogTalkRadio. Warner is also the editor of the Cook County Page for RedCounty.com.
He has also written for several history magazines and appears in the new book “Americans on Politics, Policy and Pop Culture” which can be purchased on amazon.com. He is also the owner and operator of PubliusForum.com. Feel free to contact him with any comments or questions : EMAIL Warner Todd Huston
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