Posted on 03/07/2011 5:55:26 PM PST by jazusamo
Obamacare is living on borrowed time, and even its most ardent supporters are beginning to realize it. That’s why they’re racing to implement - and entrench - as much of the plan as possible before the laws of economics and the laws of the land and voters catch up. They’re like a deadbeat renter starting a remodeling project after being evicted but before the police escort them from the premises in hopes that it gives them squatter’s rights. Meanwhile, two unrelated but devastating events have caused the ground to shake beneath the feet of Obamacare supporters.
A major component of Obamacare is “totally unsustainable.” Those aren’t the words of Rush Limbaugh or Sarah Palin; no, those belong to the Obama administration’s own chief cheerleader, Health and Human Services (HHS) Secretary Kathleen Sebelius, in testimony before the Senate Finance Committee. The program in question, the CLASS Act or Community Living Assistance Services and Support Act, is a massive long-term elderly care entitlement program that was quietly tucked into Obamacare and never got anywhere near the attention it deserves.
Sen. Kent Conrad, North Dakota Democrat, called the CLASS Act “a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of.” And then he voted for it. I suspect Bernie Madoff would be proud of Kent Conrad. The White House’s sleight of hand goes like this: CLASS Act taxes begin in Year 1 but the benefits don’t begin until Year 6, so when 10 years of revenues and five years of expenses were calculated, the Congressional Budget Office declared not only that the CLASS Act paid for itself but, as a result, Obamacare overall would reduce the deficit. However, when 10 years of revenues and expenses are counted - even accepting the White House’s...
(Excerpt) Read more at washingtontimes.com ...
Why does No One ever emphasize that this massive legislatio was passed withou a single public hearing?
Of course there should have been months of hearings with doctors, patients, hospital administrators, insurers, pharmeceutical reps, etc.
>Of course there should have been months of hearings with doctors, patients, hospital administrators, insurers, pharmeceutical reps, etc.<
You mean those “doctors” at Odumbo’s presscon were not really ‘doctors’?
Well, Obama said they were doctors whatever that's worth and what he says isn't worth spit.
You're right, Williams. This fiasco should have been gone over from front to back and explained to all of us what was in it.
The RATS pulled off the biggest scam that's ever taken place in our history. PERIOD!
I love following Dr. Wolf, knowing he is Obama’s 2nd cousin, defiantly opposed to Obama, and the President of his local Tea Party. Rock on Dr. Wolf!
The federal reserve and the us government are deadbeats and support more deadbeats to grow their PONZI SCHEME.
“The RATS pulled off the biggest scam that’s ever taken place in our history. PERIOD!”
Right on the mark.
Obama’s ‘Waterloo’.
--
Place the stake at the heart of this monstrosity and draw back the mallot and drive it deep for the final death blow that it deserves.
Kagan, recuse yourself
Ideologues don’t need no steenkin hearings.
Amen
Bernie Madoff Greatest Ponzi Scheme hoisted on people gets how many years in jail.
Obamacare is legal.
Government says crime is illegal. It hates competition.
Some thanks go to Tom Daschle and his health care book. Trying to avoid the "mistake" of public hearings learned from Hillary!care, that book made the suggestion that to get it passed, it had to be rammed thru.
Wow. If Conrad is going public with this type of language, one only wonders what is said in private.
Why does No One ever emphasize that this massive legislatio was passed withou a single public hearing?
It really is unbelievable. But especially annoying is that the "Republican" politicians, although uniformly voting against it, have not expressed the outrage, the total insult this thing is, to the public, even now. As if they are going to hold their finger in the wind before saying anything.
The revelation is they either are totally stupid, (given that many many here on FR repeatedly saw and clarified what a logically sinister act this was), OR, they are self-serving unprincipled scum who respect not at all the dignity (and intelligence) of the citizens they serve but only their own careers.
Newt Gringrich is about the only politician I have heard go vocal on the juvenility of the Bill and those who passed it.
This is why we consistently advocate for a third party; the "Republicans" are a self-serving political establishment little different than the Democrats. I have an old conservative friend who often restates to me, "at least I know what the Democrats stand for."
Thus the Tea Party.
Johnny Suntrade
I would vote for Madoff over Obama in 2012 easily.
“The RATS pulled off the biggest scam that’s ever taken place in our history. PERIOD!
That and getting the Manchurian Candidate elected.
Follow the money out of your pocket and into the government’s pocket. The DIMs and nobama will be damned into eternity for this abomination.
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