Free Republic

The government is headed for bankruptcy if Congress doesn't pass healthcare reform, President Obama warned today. "[I]f we don't do this, nobody argues with the fact that health care costs are going to consume the entire federal budget,” Obama told ABC's Charlie Gibson in an interview airing tonight. Healthcare costs are growing so rapidly that "the federal government will go bankrupt" is drastic steps aren't taken, he added. “[Healthcare reform] actually provides us the best chance of starting to bend the cost curve on the government expenditures in Medicare and Medicaid," Obama said.