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Obama Proposes $634 Billion Fund For Health Care
Wahington Post ^ | 2/26/09 | Ceci Connolly

Posted on 02/26/2009 12:42:37 PM PST by Nachum

President Obama is proposing to begin a vast expansion of the U.S. health-care system by creating a $634 billion reserve fund over the next decade, launching an overhaul that most experts project will ultimately cost at least $1 trillion.

The "reserve fund" in the budget proposal being released today is Obama's attempt to demonstrate how the country could extend health insurance to millions more Americans and at the same time begin to control escalating medical bills that threaten the solvency of families, businesses and the government.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Government; News/Current Events
KEYWORDS: 634; billion; obama; proposes
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1 posted on 02/26/2009 12:42:38 PM PST by Nachum
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To: Nachum

We had to destroy the economy in order to save it.


2 posted on 02/26/2009 12:43:26 PM PST by SlowBoat407 (We didn't have to take any of it seriously, did we?)
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To: Nachum

I see the Post is selling Obama’s plan for him.


3 posted on 02/26/2009 12:44:15 PM PST by rightinthemiddle (Without the Mainstream Media, the Left is Nothing.)
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To: Nachum

Important note to not forget.

H.R. 676 Sec 101(a) “All individuals residing in the United States (including any territory of the United States) are covered under the USNHC Program entitling them to a universal, best quality standard of care.”

Yes that means illegal aliens are covered.


4 posted on 02/26/2009 12:47:14 PM PST by Domandred (Hope is the first step on the road to disappointment.)
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To: SlowBoat407
We had to destroy the economy country in order to save it.

There, fixed it for you.

5 posted on 02/26/2009 12:47:39 PM PST by Obadiah (Party - my house - on December 22, 2012!)
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To: Nachum

Healthcare is increasing at a rate of 8-10%. Without reining in costs, anything the govt will do will only make the problem worse.


6 posted on 02/26/2009 12:48:06 PM PST by Red in Blue PA (If guns cause crime, then all of mine are defective.)
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To: SlowBoat407
The only way to rebuild:


7 posted on 02/26/2009 12:48:18 PM PST by Tex Pete (Obama for Change: from our pockets, our piggy banks, and our couch cushions!)
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To: Obadiah

Oh God, please help us! Seriously, I mean it! PLEASE!!


8 posted on 02/26/2009 12:48:34 PM PST by McKayopectate
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To: Domandred
Illegal aliens and other tourists do not "reside" in the United States, which is the whole point of being a "visitor".
9 posted on 02/26/2009 12:48:45 PM PST by muawiyah
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To: Nachum

Laws to hand out free dope to everybody are looking kinda good now.


10 posted on 02/26/2009 12:51:43 PM PST by mbarker12474 (If thine enemy offend thee, give his childe a drum.)
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To: SumProVita; HardStarboard; BradyLS; Ernest_at_the_Beach; dervish; Twotone; Free ThinkerNY; ...
The List, ping

President Obama's 5th Week in office

President Obama is proposing to begin a vast expansion of the U.S. health-care system by creating a $634 billion reserve fund over the next decade, launching an overhaul that most experts project will ultimately cost at least $1 trillion.

*Obama will propose a massive business tax on greenhouse gases in his FY 2010 federal budget to be presented this week.
The massive tax increase and power grab was buried at the end on article on Obama's forthcoming budget proposal in The New York Times:
http://www.nytimes.com/2009/02/22/us/politics/22budget.html?_r=1&ref=business

*Obama Upholds Detainee Policy In Afghanistan:
The Obama administration told a federal judge military detainees in Afghanistan have no legal right to challenge their imprisonment there, embracing a key argument of former President Bush’s legal team
http://www.nytimes.com/2009/02/22/washington/22bagram.html?hp

*Obama appoints "The Vacuum Cleaner" to be the new US ambassador in London. Obama has been embroiled in a cronyism row after reports that he intends to make Louis Susman, one of his biggest fundraisers, the new US ambassador in London.
http://www.freerepublic.com/%5Ehttp://legalinsurrection.blogspot.com/

*Obama's administration attended four full days of negotiation at the "Durbin II" conference. During that time his people sat and passively watched the following: the failure to adopt a proposal to act against Holocaust denial, a new proposal to single out Israel, which will now be included in the draft without brackets, broad objections to anything having to do with sexual orientation, vigorous refusal by many states to back down on references to "Islamophobia" (the general allegation of a racist Western plot to discriminate against all Muslims), and numerous attacks on free speech.
http://www.forbes.com/2009/02/22/obama-israel-holocaust-durban-opinions-contributors_united_nations.html

*In response to the backlash against the bailout for failing home owners, triggered in part by Rick Santelli on CNN's rant on the floor of the Chicago stock exchange, Housing Secretary Shaun Donovan responded publicly; "the Obama administration's efforts to help struggling homeowners will aid "responsible" borrowers, not deadbeats or speculators."
http://www.cnn.com/2009/POLITICS/02/22/obama.housing/index.html

*Obama gives his blessing to Sheik Sharif Ahmed's appointment as President in Somalia. The UIC was viewed as a terrorist organization by the Bush administration, but is viewed as moderate by the new US Obama administration.
http://gatewaypundit.blogspot.com/2009/02/terror-group-leader-takes-control-of.html

*President Barack Obama now likes to talk at commissions" and summits” after making fun of Sen. John McCain for proposing a commission to look at the economic crisis facing the country. In the "Fiscal Responsibility Summit" at the White House, the President listens "to the best and the brightest on the subject of the budget as well as the larger issues related to the economy".
http://news.yahoo.com/s/ap/20090223/ap_on_go_pr_wh/obama_economy

*Among the eight members named Friday to the Presidential Task Force on the Auto Industry and the 10 senior policy aides who will assist them in their work, two own American models. Add the Treasury Department's special adviser to the task force and the total jumps to three.
http://blogs.edmunds.com/greencaradvisor/2009/02/members-of-the-presidential-task-force-on-the-auto-industry-prefer-to-drive-imports.html

*Obama’s Homeless Woman Is Actually Real Estate Investor
New information about Henrietta Hughes has come to light. It appears that the desperate homeless woman owns real estate she shifted into the name of her son to avoid taxes and acquire government aid. Henrietta Hughes also apparently sold real estate at a significant profit in 2005.
http://theliepolitic.com/2009/02/obamas-homeless-woman-is-actually-real-estate-investor/

*The United States (Obama) plans to pledge more than $900 million to help rebuild Gaza after Israel's offensive against Hamas and strengthen the Palestinian Authority, a U.S. official said on Monday.
http://www.haaretz.com/hasen/spages/1066381.html

*Vice President Joe Biden's Son and Brother Marketed Hedge Fund Through Stanford Company: The fund was marketed exclusively by companies controlled by Texas financier R. Allen Stanford, who is facing Securities and Exchange Commission accusations of engaging in an $8 billion fraud. The $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity and was known as the Paradigm Stanford Capital Management Core Alternative Fund
http://www.foxnews.com/politics/2009/02/24/report-bidens-son-brother-marketed-hedge-fund-stanford-company/

*Thomas Perez, current Labor Secretary for the State of Maryland, and former board director for Casa de Maryland, is Obama's choice to take over as the Head of the United States Citizenship and Immigration Services (USCIS). CASA is affiliated with the National Council of La Raza. CASA has also received a two-year grant from George Soros's Open society Institute.
http://voices.washingtonpost.com/annapolis/2009/02/perez_in_the_mix_for_immigrati.html

*Homeland Security Secretary Janet Napolitano avoids mention of the terms "terrorism" or "Sept. 11" in remarks prepared for her first congressional testimony since taking office, signaling a sharp change in tone from her predecessors.
http://www.foxnews.com/politics/first100days/2009/02/24/napolitano-avoids-mentioning-terrorism-remarks-congress/

*Two of President Obama's Cabinet members authored a variety of earmarks in the $410 billion omnibus spending bill the House is poised to pass Wednesday to keep the government running through Oct. 1. Transportation Secretary Ray LaHood and Labor Secretary Hilda Solis were both House members when appropriators began to forge this legislation last year. However, a stalemate between President Bush and congressional Democrats forced the sides to punt the rest of the spending provisions until now.

*The Obama administration has directed defense officials to sign a pledge stating they will not share 2010 budget data with individuals outside the federal government. In an undated non-disclosure agreement obtained by Defense News, the administration tells defense officials that “strict confidentiality” must be practiced to ensure a “successful” and “proper” 2010 defense budget process.
http://www.federaltimes.com/index.php?S=3957786

* President Obama will forecast the biggest U.S. deficit since World War Two in a budget on Thursday (2/26/2009) that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy's freefall. An eye-popping $1.75 trillion deficit for the 2009 fiscal year is projected in Obama's first budget, according to U.S. officials who briefed reporters on the numbers. That is equal to 12.3 percent of U.S. gross domestic product -- the largest share since 1945 when the country ran a shortfall of 21.5 percent of GDP
http://www.reuters.com/article/marketsNews/idUSN2644850320090226?sp=true

*The Obama administration has directed defense officials to sign a pledge stating they will not share 2010 budget data with individuals outside the federal government.
The secrecy pact comes as dozens of Bush-era Pentagon appointees remain on the job, asked to stay on by the Obama administration until replacements are confirmed to ensure continuity during wartime
http://www.federaltimes.com/index.php?S=3957786

*Defense *Secretary Robert Gates has decided to allow photos of flag-draped caskets at Dover Air Force Base, Del., if the families of the fallen troops agree, the officials told The Associated Press. Gates planned to announce his decision later Thursday, they said. The current ban was put in place in 1991 by President George H.W. Bush.
http://news.yahoo.com/s/ap/20090226/ap_on_go_ca_st_pe/pentagon_war_dead

11 posted on 02/26/2009 12:52:32 PM PST by Nachum (Obama theme song: Ball of Confusion by the Temptations)
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To: Nachum

Holy shit.


12 posted on 02/26/2009 12:52:36 PM PST by Travis T. OJustice (Change is not a destination, just as hope is not a strategy. FUBO!)
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To: Domandred

Time to start flying our flag with the union down. I think.


13 posted on 02/26/2009 12:53:10 PM PST by txnativegop (God Bless America! (NRA-Endowment))
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To: Nachum
begin a vast expansion of the U.S. health-care system by creating a $634 billion reserve fund over the next decade

Millions of illegal aliens choking off our hospitals and medical facilities would eat that up in 3 months.

14 posted on 02/26/2009 12:53:41 PM PST by dragnet2
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To: McKayopectate

God is in control and He is working His final plans. Those plans are not so great, however, for those who don’t put their trust in Him.


15 posted on 02/26/2009 12:53:43 PM PST by anniegetyourgun
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To: Nachum

“If you think health care is expensive now, wait until you see what it costs when it’s free.” — P.J. O’Rourke


16 posted on 02/26/2009 12:53:50 PM PST by Interesting Times (For the truth about "swift boating" see ToSetTheRecordStraight.com)
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To: Interesting Times

where did this quote come from, a book or article?


17 posted on 02/26/2009 12:59:00 PM PST by jdub (A patriot must always be ready to defend his country against his government.)
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To: Tex Pete

One swift kick and the whole rotten edifice will come tumbling down.

Sometimes I think that we were locked in a dance with the old Soviet Union after WWII, and when they collapsed, and we were left without a partner to dance with, it was inevitable that our day would come too... The fact that it’s taken 22 years is only remarkable in that it’s taken this long.

I just hope we don’t have our own Stalin on our hands.


18 posted on 02/26/2009 12:59:42 PM PST by ichabod1 (I am rolling over in my grave and I am not even dead yet (GOP Poet))
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To: Nachum

A $634 billion reserve fund? I am sure that will be as secure as the Social Security Trust Fund, or the Highway Fund.....


19 posted on 02/26/2009 1:02:36 PM PST by 11th Commandment (United States is a NOW a Terrorist Nation- we export abortion!)
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To: jdub
Apparently it came from a speech O'Rourke gave at the Cato Institute in 1993, titled "The Conservative Manifesto." -link
20 posted on 02/26/2009 1:12:05 PM PST by Interesting Times (For the truth about "swift boating" see ToSetTheRecordStraight.com)
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