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Rx and the Single Payer

by: Bill Moyers and Michael Winship, t r u t h o u t | Perspective

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(Photo: Robin Dude / flickr )

    In 2003, a young Illinois state senator named Barack Obama told an AFL-CIO meeting, "I am a proponent of a single-payer universal health care program."

    Single payer. Universal. That's health coverage, like Medicare, but for everyone who wants it. Single payer eliminates insurance companies as pricey middlemen. The government pays care providers directly. It's a system that polls consistently have shown the American people favoring by as much as two to one.

    There was only one thing standing in the way, Obama said six years ago: "All of you know we might not get there immediately because first we have to take back the White House, we have to take back the Senate and we have to take back the House."

    Fast forward six years. President Obama has everything he said was needed - Democrats in control of the executive branch and both chambers of Congress. So what's happened to single payer?

    A woman at his town hall meeting in New Mexico last week asked him exactly that. "If I were starting a system from scratch, then I think that the idea of moving towards a single-payer system could very well make sense," the president replied. "That's the kind of system that you have in most industrialized countries around the world.

    "The only problem is that we're not starting from scratch. We have historically a tradition of employer-based health care. And although there are a lot of people who are not satisfied with their health care, the truth is, is that the vast majority of people currently get health care from their employers and you've got this system that's already in place. We don't want a huge disruption as we go into health care reform where suddenly we're trying to completely reinvent one-sixth of the economy."

    So, the banks were too big to fail and now, apparently, health care is too big to fix, at least the way a majority of people indicate they would like it to be fixed, with a single payer option. President Obama favors a public health plan competing with the medical cartel that he hopes will create a real market that would bring down costs. But single payer has vanished from his radar.

    Nor is single payer getting much coverage in the mainstream media. Barely a mention was given to the hundreds of doctors, nurses and other health care professionals who came to Washington last week to protest the absence of official debate over single payer.

    Is it the proverbial tree falling in the forest, making a noise that journalists can't or won't hear? Could the indifference of the press be because both the president of the United States and Congress have been avoiding single payer like, well, like the plague? As we see so often, government officials set the agenda by what they do and don't talk about.

    Instead, President Obama is looking for consensus, seeking peace among all the parties involved. Except for single-payer advocates. At that big White House powwow in Washington last week, the president asked representatives of the health care business to reason together with him. "What's brought us all together today is a recognition that we can't continue down the same dangerous road we've been traveling for so many years," he said, " that costs are out of control; and that reform is not a luxury that can be postponed, but a necessity that cannot wait."

    They came, listened, made nice for the photo op, and while they failed to participate in a hearty chorus of "Kumbaya," they did promise to cut health care costs voluntarily over the next ten years. The press ate it up - and Mr. Obama was a happy man.

    Meanwhile, some of us looking on - those of us who've been around a long time - were scratching our heads. Hadn't we heard this before?

    Way, way back in the 1970s, Americans were riled up over the rising costs of health care. As a presidential candidate, Jimmy Carter started talking about the government clamping down. When he got to the White House, drug makers, insurance companies, hospitals and doctors - the very people who only a decade earlier had done everything they could to strangle Medicare in the cradle - seemed uncharacteristically humble and cooperative. "You don't have to make us cut costs," they promised. "We'll do it voluntarily."

    So, Uncle Sam backed down and - you guessed it - pretty soon, medical costs were soaring higher than ever.

    By the early '90s, the public was once again hurting in the pocketbook. Feeling our pain, Bill and Hillary Clinton tried again, coming up with a plan only slightly more complicated than the schematics for an F-18 fighter jet.

    This time, the health industry acted more like Tony Soprano than Mother Teresa. It bludgeoned the Clinton reforms with one of the most expensive and deceitful public relations and advertising campaigns ever conceived - paid for, of course, from the industry's swollen profits.

    As the drug and insurance companies, hospitals and doctors dumped the mangled carcass of reform into the Potomac, securely encased in concrete, once again, they said don't worry; they would cut costs voluntarily.

    If you believed that, we've got a toll-free bridge to the Mayo Clinic we'd like to sell you.

    So, anyone with any memory left could be excused for raising their eyebrows at the health care industry's latest promises. As if on cue, hardly had their pledge of volunteerism rung out across the land than Jay Gellert, chief executive of Health Net Inc. and chair of the lobbying group America's Health Insurance Plans, assured his pals not to worry abut the voluntary reductions. "We believe that we can do it without undermining the viability of companies," he said, "and in effect enhancing the payment to physicians and hospitals." In other words, their so-called voluntary "reforms" will in no way interfere with maximizing profits.

    Also last week, John Lechleiter, the chief executive of drug giant Eli Lilly, blasted universal health care in a speech before the US Chamber of Commerce: "I do not believe that policymakers have yet arrived at a full and complete diagnosis of what's wrong and what's right with US health care," he declared. "And I am very concerned that some of the proposed policies - the treatments, to continue my metaphor - will have unintended side-effects that make our situation worse."

    So, why bother with the charm offensive on Pennsylvania Avenue? Could it be, as some critics suggest, a Trojan horse, getting the health industry a place at the table so they can leap up at the right moment and again knife to death any real reform?

    Wheelers and dealers from the health sector aren't waiting for that moment. According to the nonpartisan Center for Responsive Politics, they've spent more than $134 million on lobbying in the first quarter of 2009 alone. And some already are shelling out big bucks for a publicity blitz and ads attacking any health care reform that threatens to reduce the profits from sickness and disease.

    The Washington Post's health care reform blog reported Monday that Blue Cross Blue Shield of North Carolina has hired an outside PR firm to put together a video campaign assaulting Obama's public plan. And this month alone, the group Conservatives for Patients' Rights is spending more than a million dollars for attack ads. They've hired a public relations firm called CRC - Creative Response Concepts. You remember them - the same high-minded folks who brought you the Swift Boat Veterans for Truth, the gang who savaged John Kerry's service record in Vietnam.

    The ads feature the chairman of Conservatives for Patients' Rights, Rick Scott. Who's he? As a former deputy inspector general from the Department of Health and Human Services told The New York Times, "He hopes people don't Google his name."

    Scott's not a doctor; he just acts like one on TV. He's an entrepreneur, who took two hospitals in Texas and built them into the largest health care chain in the world, Columbia/HCA. In 1997, he was fired by the board of directors after Columbia/HCA was caught in a scheme that ripped off the Feds and state governments for hundreds of millions of dollars in bogus Medicare and Medicaid payments, the largest such fraud in history. The company had to cough up $1.7 billion dollars to get out of the mess.

    Rick Scott got off, you should excuse the expression, scot-free. Better than, in fact. According to published reports, he waltzed away with a $10 million severance deal and $300 million worth of stock. So much for voluntarily lowering overhead.

    With medical costs rising six percent per year, that's who's offering himself as a spokesman for the health care industry. Speaking up for single payer is Geri Jenkins, a president of the California Nurses Association and National Nurses Organizing Committee - a registered nurse with literal hands-on experience.

    "We're there around the clock," she told our colleague Jessica Wang. "So we feel a real sense of obligation to advocate for the best interests of our patients and the public. Now, you can talk about policy but when you're staring at a human face it's a whole different story."

  

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Bill Moyers is managing editor and Michael Winship is senior writer of the weekly public affairs program, Bill Moyers Journal, which airs Friday nights on PBS. Check local airtimes or comment at The Moyers Blog at www.pbs.org/moyers.

Comments

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The disease industry: "A

The disease industry: "A tale told by an idiot, full of sound and fury, signifying nothing...except obscene profits for the idiot!" Unless we effectively clean out the Augean stables that our Congress has become, we're not ever going to get to anywhere near the founding promises of America. Corruption and lawlessness are boundless, unpunished if the perpetrator(s) have money or 'connections'. Rick Scott and his ilk are great examples, should we need more. Max Baucus is right up (down) there with him, along with all the other 'tribunes of the people' suckling on the teat of corporate payola, and obediently doing the will of their paymasters. Obama doesn't have much time nor room to maneuver -- and I'm still (barely) willing to give him benefit of the doubt -- as he appears to be becoming submerged in the ever-deepening sludge of the sewer that Washington, DC has become.

It's the $132 million in

It's the $132 million in lobbying, the $1.7 billion in fines, the ever-increasing rate of return for investors. Those line items would be gladly absent in a single payer system of healthcare. The complex and wasteful system of accounting, the nearly impossible task of determining what coverage you are actually receiving when you purchase a healthcare plan, largely solved with single payer. If you have healthcare, or if you don't, now is the time to stand up and voice your demand to your representatives in Congress that he or she support a single-payer healthcare system.

human vs. $... its as simple

human vs. $... its as simple as that. shame on obama, where's that man's backbone gone? its always the same trip; excuses, excuses, excuses. there are certain things that we as a society need to ensure ALL human beings have and access to top quality affordable health care is one of the most important. that some people will continue to argue for making profits from sickness and death is truly itself a most despicably disgusting not to mention disheartening plague on us all. how these people sleep at night is beyond me. and this new meme of 'too big to fail' etc. is the height of hubris leading to nemesis. human vs. $...will we ever learn?!

We will have the option of

We will have the option of universal, single payer public health care, and we will not stop fighting for it until we do.

Here is what I'd like to

Here is what I'd like to see. The same insurance that our Prez has, my Senator has and my Congressman has. Nothing more, and certainly nothing less! After all, it's MY tax dollars at work, not theirs.

It is all a sham. Whether it

It is all a sham. Whether it is the Republicans or the Democrats in charge the corporations really determine what laws are enacted. This is clearly seen with the blocking of any testimony on single payer before congressional committees, by the closed door meetings of Waxman's committee with energy industry executives, by the expansion of the war in Afghanistan and Pakistan, by allowing ongoing mountain top removal with over 40 new permits issued under Obama, with the continued bailout of financial institutions like GMAC that engaged in highly speculative investments that are now generating billions in losses, by the Obama administration ignoring its own proposed code of conduct for its appointees after only one day, with the expansion of the destruction of the Bill of Rights by the President who is now proposing preventive detention or jailing anyone at anytime based on what they might do in the future and all review done privately in closed military tribunals. George Orwell was right about everything but the date, being about 17 years premature but otherwise accurate about the move toward a totalitarian state. Sad that black people have a President who projects a great image but behind closed doors is doing as much to undermine their rights and their lives as his predecessor.

Delighted to see my photo

Delighted to see my photo above this urgently true & thoughtfully written article. The issue is about the heartless brutality of American politicians, corporations, oligarchs & executives - all committed with very dirty (dare we say Orwellian) 'ideological' concoctions presented as excuses.

No taxation without

No taxation without representation. In "health-care" the government clearly represents Health Care For Profit Corporations, not us. Let's refuse to pay our taxes. That will make them sit up and take notice.

Obama is rapidly losing me.

Obama is rapidly losing me. I supported him with my time and my mouth and my money. I believed him when he talked about "change we can believe in". But his changes are not forthcoming. He is looking like a clone of Bu$h with his loyalty to the Corporatocricy.

I was #7 of the Baucus 8 who

I was #7 of the Baucus 8 who grew to 13 so far. It is great to see Bill Moyers looking at the single payer issue. Why is single payer excluded - it's easy - we win every argument whether it is covering Americans, controlling costs, managing malpractice, providing maximum choice or improving health care. Single payer is the only way the United States can afford health care for all. No bill will be better than the insurance industry welfare bill that the Congress is writing behind closed doors. Kevin Zeese, ProsperityAgenda.us

Rate payers, states, private

Rate payers, states, private companies and individuals who can afford it, pay through the nose for the CEOs of the INSURANCE companies, drug companies, compensation of litigation, advertising, lobbyists, and incidentals instead of real health care and are payed by politicos, same interest groups against their own welfare. It is time to NATIONALIZE health care and get rid of all the maggots eating at the foundation of our society. More power to those who are courageous enough to stand against the maggots (those siphoning the health CARE system)!

So we have two contradictory

So we have two contradictory truths - probably both true. On the one hand the only real solution is the single-payer approach to coverage of everyone. On the other hand the present system has grown over 50 years or more, and as the President says, designing a new one with 1/6 of the economy at stake is fraught with potential missteps and unintended consequences. Besides, it is based on corporate profit motives and it buys control of the political agenda, freezing out the cries of the rest of us who are merely the people. So how do we know what ought to happen? I think it is time to ask ourselves what is right for the most people, and the answer is simple. Even if it means designing a whole new system and taking chances on the design flaws and unintended consequences - and being willing to fix them as the new system goes into action. Will abuses occur? You bet. Will some people get screwed? Probably. Nevertheless, our life spans will probably increase, our infant mortality rates probably go down, and the right to health will probably be extended to most of our citizens. Reluctantly I am persuaded that we all need to keep up the pressure, keep pointing out that the emperor(s) have no clothes, keep showing up and disrupting and doing all the other inconvenient things that Ghandi invented to shame the powerful into submission. Single payer won't happen any other way. So let's get to work.

The fact is that we do NOT

The fact is that we do NOT have a Democratic majority in the Senate and only a slim one in the House. I do not have the figures at my fingertips, but at least a quarter of the Democrats in the Senate are in reality Republicans in Democrat clothing; and of course there is the arch-democrat Lieberman who calls himself "independent". What a farce. So roll up your sleeves and get down to grass roots to change that picture, beginning now.

No, they won't do it, so how

No, they won't do it, so how about us? It is time on our cities and counties and even states to gather together and form Health Collectives, paid for with City and State taxes to employ physicians and insure everyone with in the local area. Even better, stop having your tax withheld from your paycheck (if you're lucky enough to get one) and at the end of the year take the money that you owe and send it to your health collective or school or favorite public works project. Then write a letter to the IRS and cc the Prez telling them that you decided to vote with your dollar since you don't seem to have any real representation. While you're at it, ask to see the law that says you must pay income taxes. (Hint: There isn't one.)This "let's get healthcare" push has been going on for 50 years. It won't happen unless we do it ourselves.

Don's be fooled by the

Don's be fooled by the public option. The public option is a fraud that will end up helping the insurance industry if it is allowed to happen. There are three problems: 1. We will still have all the cost and bureaucracy of the current system. That means 31% of health care spending will be wasted on administration we do not even need. 2. The insurance industry will raise the rates on the chronically ill and high risk patients resulting in them being forced into the public insurance. The private insurance industry will keep the profitable consumers and get rid of those who really need health care. 3. The private insurance lobby will ensure that the public insurance is underfunded by whining "we can't compete with government funded insurance." This will reduce in inadequate funding for the public option. The result -- private insurance gets richer and more profitable and will make the claimg "the government can't run health insurance." They will make sure that is the result. If we do not confront the insurance, HMO and pharmaceutical indudstries tens of thousands will continue to die annually and tens of thousands of more will suffer with illnesses rather than go to a doctor.

100 years ago, the American

100 years ago, the American Medical Association supported the creation of a national health program. 97 years ago, the Surgeon General of the US and head of the AMA, Rupert Blue, advocated for national health insurance, or universal sickness insurance as it was known in 1918. Haven't we waited long enough? Didn't we think we'd elected the right person to get this done?

I also worked hard and

I also worked hard and campaigned for the man who is now president. I will accept nothing less than single the health care program he promised and described when he was running. He is watering down a lot of his agenda now that the realities of Washington politics rears its ugly head. We must hold his feet to the fire and help him stand strong in the face of negativity of the press and the Republican pressures. We can influence the agenda but first we must influence the media. Write letters to the editors, locally. Inundate the media with demands for fair coverage. We are the people who run the country so threaten to kick out our representatives who water down the policies that placed them in office. Yes we can!

Conservatives for Patients

Conservatives for Patients Rights?-have not seen ANY Republican Conservatives OPT OUT OF THEIR GOVERNMENT-1-PAYER-HEALTHCARE-PLAN[THEMSELVES &FAMILY] OUR TAXES PAY FOR. So back off!!

The "deliberations" in

The "deliberations" in Congress over health care have become a grotesque parody of the democratic process. Committee members aree getting twisted out of shape working out a bailout for the insurance industry and the populace be damned! Single Payer will not stay under the carpet - single-payer supporters will not sit in a dark corner like obedient children, seen but not heard. Baucus is owned and operated by the health care profiteers, Evan Bayh's wife, Susan, is on Wellpoint's board, for which she gets paid very handsomely. This isn't change we can believe in - it's corruption we can believe in. There needs to be a big noisy civil uprising over this, the sooner the better. Let's unleash the outrage!

Even though we're broke, we

Even though we're broke, we could afford nationalized health care if the Medical Science itself were reformed - something that the industry will fight tooth and nail. Our treatment of Cancer, Heart Disease, Diabetes, Autoimmune Disease and AIDS is so far off the mark it would be hilarious if it weren't such a massive tragedy. Most of what people go to Doctors for can be easily prevented and usually treated by non patented nutrients - the science is good and proven and ignored in this country. We can no longer afford to pay exorbitant prices to be mutilated, poisoned, cooked, immune-wrecked and stupefied - it is time for some real change - and it is doubtful that the new FDA chief is going to bring it with her vow to vaccinate us all (and it will be mandatory) as top priority. The Nation is engaging in the wrong debate here - it's not who's going to pay for it, it's what other way of treating illness might work better than this insanity?

Did not Truman propose

Did not Truman propose single payer health insurance 60 -- count 'em, 60 -- years ago? When is the criminal conspiracy known as the "health insurance industry" going to be opposed? It should be completely disestablished, its worldwide assets should be confiscated, or do you prefer the paucity of hope, and the politics of the "possible" (read corruptible)?.

I listened carefully to the

I listened carefully to the news reports about the health care powwow in the White House, and what they said was that they would CUT THE INCREASE in medical costs over the next 10 years, NOT THAT THEY WOULD CUT THE COST. So they have committed to cut an (unknown) increase by 10%. How are we going to measure that?

I agree with the posts that

I agree with the posts that a single payer plan will not happen unless: a) Americans do it for themselves, b) Americans force the issue with MASSIVE grassroots pressure. Either one requires so much more than what is being done today. The Baucus 13, while courageous, are most certainly undersupported and outgunned. They are models for action in taking their demands directly to those making decisions. Obama is being drowned in special interest stew, and he needs a crust of bread to climb onto. Let's not half-bake this one. Anyone who advocates a single payer system must commit to (some/ any) financial support of the movement, and also commit to direct action (legal, non-violent of course) in support of single payer. If everyone who did not have health insurance, or was underinsured, donated $5 dollars to single payer action, we would suddenly be a new force commensurate to the task of opposing the industry lobbyists in DC. Simultaneously, the task, and result, of making explicit overwhelming public support of single payer would be impossible to ignore. It would be another blow to the American spirit, a deep disgrace, to let up now when so many of the required pieces are in place to make a run at it. Think of the feeling of accomplishment, and hard-won spoils of universal healthcare. Support single payer action. Create it.

To add insult- We the People

To add insult- We the People pay, through income tax that is illegal, much of the research funds that create new cures and profit the health care industry .

http://www.youtube.com/watch?

http://www.youtube.com/watch?v=acLW1vFO-2Q& George Carlin "The American Dream" Go to you tube and search for it if this link does not work. We are screwed. George knew it and said so. It doesn't matter who is president. Big business runs the world not politicians.

The issues of the nations

The issues of the nations medical care programs are not surprising. Slowly but surly the Corporate World is/has taken the peoples voice and representation. We the people will not take back our rights playing the money game, they have already won that game. I for one need to get more involved and take back my voice and rights. Please join me.

Please tell me how to fight

Please tell me how to fight back effectively. They haven't won over single pay yet. How can I put my voice into play other than writing letters which I'll do. Suggestions encouraged!

If you want rationing of

If you want rationing of health care, you'll love single payer.

This country needs

This country needs single-payer health care. Senator Max Baucus kowtows to his "handlers" aka the medical insurance and pharmaceutical companies because they have contributed huge sums of money to him. Is there any other real reason that Baucus has fought so hard to ignore the American people by refusing to include representatives of a public health care plan at his hearings?

Why does truthout warn

Why does truthout warn against the threat of violence in their postings? Is it not violence when tens of thousands in this country die because they don't have health coverage? Aren't you playing the pipers tune by discouraging whatever means of outrage is necessary to stop the killing?

When the Swiftboaters try to

When the Swiftboaters try to swiftboat the country back to the health-care stone ages, they do so at their peril. The citizens of this country need to rise up and tell our senators and representatives that we will NOT be stampeded and lied to. We will NOT swallow the hogwash they are paying millions (billions?) of dollars to peddle. We will NOT allow another opportunity to be wrecked so tht a favored few can continue to get richer and richer while people die because they can't access health care. Let's take to the phones and streets and blogospheres to get OUR message out.

->Β΄if you want

->Β΄if you want rationing..youΒ΄ll love single-payer.Β΄LetΒ΄s give it a try since we have not have the opportunity..

Some of you have asked what

Some of you have asked what they can do. We already know for a fact that voting in the Democrats didn't work, they take their bribes just like the Republicans. The entire congress and most sadly the Presidency as well are clearly at the beck and call of their corporate masters. NONE of them will help you! If there was any chance at all of them helping you they would have already been eliminated. The answer is therefore obvious: at the next election you must kick every one of these pigs out on their fat asses. Republicans AND democrats. And you must first make sure that there is an actual election going on to do this trick. Get rid of these oh-so-hackable electronic election wonders and insist on paper. And if you become stymied in these efforts, well, it was Jefferson or someone from that period who said that we will need a revolution every 20 years or so to clear out the scum, and we are way, way, overdue.

No, it is not violence "when

No, it is not violence "when tens of thousands in this country die because they don't have health coverage". (07:12) It is death by natural causes. It is sad to see anyone confused by such a basic fact.

On June 6th, in thousands of

On June 6th, in thousands of homes across the country, we'll gather to launch our grassroots campaign for health care. We'll watch a special message from the President. We'll build the teams and draw up the plans for winning health care reform the same way we won the election: Building support one block, one neighbor, one conversation at a time. And we'll put those plans into action. These kickoffs are so crucial that President Obama will join confirmed hosts and attendees on a live conference call. Sign up today to host or attend a Health Care Organizing Kickoff. http://my.barackobama.com/HCkickoff Let's actually hold his feet to the fire.

50 years is a speck of dust

50 years is a speck of dust in the historical wind and a poor excuse for the present system, which is catastrophically ineffective and morally bankrupt. Especially when the excuse "we've been on this course 50 years" is coupled with the recognition that single payer is best and what the American people deserve. What we need is are massive demonstrations in major cities around the country. Massive turn out -- on the single issue of single payer. Single payer now! Let's do it right this time.

Is quality healthcare only

Is quality healthcare only for people that pay a minimum of $5000 per year in premiums, either through their employer or by themselves? What if you couldn't afford healthcare, or were excluded? There has been no argument made proving a single payer plan would amount to a rationing of care that is any greater than in the current system, but there is one that suggests millions more people will be covered by a single payer plan, and with less money: http://www.pnhp.org/single_payer_resources/pnhp_research_the_case_for_a_ national_health_program.php At present those claiming it would cause rationing are just trying to scare people, because the current system rations care through the ability to pay, and through pre-existing conditions. Some 20,000 people a year die because of no healthcare. All Americans deserve healthcare!

A new study shows that

A new study shows that SINGLE-PAYER HEALTHCARE REFORM WOULD BE A MAJOR STIMULUS FOR THE US ECONOMY and would provide: ** 2.6 Million New Jobs, ** $317 Billion in Business Revenue, ** $100 Billion in Wages, and ** $44 Billion New Tax Revenues The press release is here: http://www.calnurses.org/media-center/press-releases/2009/january/nurses- to-congress-expanding-medicare-could-reverse-job-losses-and-repair-our- broken-healthcare-system-and-safety-net.html Here’s the study: http://www.calnurses.org/research/pdfs/ ihsp_sp_economic_study_2009.pdf It’s clear that single-payer is the solution, not only in terms of providing quality care for all, but also economically!

"If you want rationing of

"If you want rationing of health care, you'll love single payer." Really. We are suffering from rationing now anyway, only this form is far more insidious. Insurance companies get to "ration" their coverage. It's okay with you that they can legally deny coverage when a person actually needs health care and only give coverage to those who don't need it? This system is criminal.

HEALTH CARE IS WHAT I DO

HEALTH CARE IS WHAT I DO NOT HAVE AND CAN NOT AFFORD. WHY IS IT THAT SINGLE PAYER IS SO HATED BY REPUBLICANS. ???? I READ THAT IT WAS THE # ONE REASON FOR BANKRUPTCY. MAYBE BUSH AND CHANEY PAY FOR THEIR OWN BECAUSE THEY HAVE GOOD BOOT STRAPS . MY NEIGHBOR CAN NOT AFFORD BOOT STRAPS SO HE JOINED THE ARMY TO KILL IRAQIS AND WHOM EVER GETS IN THE WAY OF THE OIL GRAB. NOW HE CAN GRAB HIS BOOTSTRAPS WITH CHANEY GRINNING ALL THE WAY AT HIS BACKDOOR AND TO THE NEAREST SWISS BANK: